President Donald J. Trump was elected on promises to “Make America Great Again,” and since January 20 he’s already signed a number of executive orders to tighten border security and ease regulations.
Last Sunday, the people of Argentina cast their votes and Mr. Mauricio Macri was elected president. He is the leader of the opposition party “Cambiemos” (Let´s Change) and he has defeated Cristina Fernandez de Kirchner, who has ruled the country for 12 years (since 2003).
The grain markets are attempting to rally today after export sales were reported at 7:30am this morning.
Currencies from south of the border offer numerous opportunities for traders. Here, we look at the relationship between the U.S. dollar and the Mexican peso, Brazilian and Argentine currencies.
Argentina, once a regional energy leader, is now better known for financial busts and bombastic politicians than hydrocarbons prospects.
A federal judge on Thursday said Citigroup Inc. cannot process interest payments by Argentina on some bonds issued under that country's law, a defeat for the cash-strapped nation as it tries to reenter international debt markets.
Argentina, which regulates domestic energy prices, will cut gasoline prices for consumers and reduce the value companies receive for a barrel of oil after international crude prices collapsed.
While most analysts and investors expect Venezuela and its state-owned oil company to make $5.3 billion in bond payments coming due next month, concern is mounting the country may find itself without enough cash to service debt as soon as next year as foreign reserves drop to an 11-year low.
Argentina holds an estimated 27 billion barrels of technically recoverable oil and 802 trillion cubic feet of technically recoverable shale gas, much of it located in the Vaca Muerta, an enormous shale formation in the Neuquen basin -- the second-largest shale gas deposit and the fourth-largest shale oil deposit in the world.
Argentine President Cristina Fernandez de Kirchner’s efforts to fortify the economy against the fallout from the country’s default are being undermined by a surge in demand for dollars.