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    • Dollar-strapped Argentina announces incentives for oil and gas industry

      • BY Reuters|
      • Latin America , Argentina |
      • 12:02 PM ET 08/13/2022

      Argentina announced late on Friday a package of tax and customs benefits for the oil and gas industry meant to attract dollars to the South American nation, which is battling crippling inflation and a low level of foreign currency reserves.

    • Argentina hikes interest rate again as inflation hits 20-year high

      • BY Reuters|
      • Latin America , Argentina |
      • 08:23 PM ET 08/11/2022

      Argentina's central bank raised its benchmark interest rate by 950 basis points on Thursday as the country struggles to keep a lid on spiraling inflation that rose to a 20-year high of 71%, according to new data.

    • Argentina to give tax, customs benefits to oil companies

      • BY Reuters|
      • Latin America , Argentina |
      • 04:40 PM ET 08/11/2022

      Argentina is planning to give tax and customs benefits to oil companies so they can boost production, the country's new economy "superminister" said on Thursday. The move comes as the country seeks to turbo-charge investments in the Vaca Muerta shale formation, the world's fourth-largest shale oil reserve and the second-largest for shale gas.

    • Argentina inflation rate was 7.4% in July, above expectations

      • BY Reuters|
      • Latin America , Argentina |
      • 03:05 PM ET 08/11/2022

      Argentina's monthly inflation was 7.4% in July versus a month earlier, the government's INDEC statistics agency said on Thursday, above analysts' forecasts for a 7.2% increase in consumer prices. Inflation in the 12 months through July hit 71.0%, as the South American country battles surging consumer prices.

    • Argentina to give tax and customs benefits to oil companies - econ minister

      • BY Reuters|
      • Latin America , Argentina |
      • 02:24 PM ET 08/11/2022

      Argentina is planning to give tax and customs benefits to oil companies, the country's new economy "superminister" said Thursday. The country continues to work on regulations allowing oil companies operating within its borders to access foreign currency if they increase production, Economy Minister Sergio Massa said.

    • Argentina cenbank hikes benchmark rate to fight inflation

      • BY Reuters|
      • Latin America , Argentina |
      • 02:09 PM ET 08/11/2022

      Argentina's central bank raised its benchmark interest rate by 950 basis points to 69.50%, on Thursday, as the country struggles to keep a lid on spiraling inflation. The benchmark 'Leliq' rate for the 28-day term was set at 69.5%, shooting up from the previous 60% annually.

    • Argentina cenbank raises benchmark interest rate by 950 basis points to 69.50% - traders

      • BY Reuters|
      • Latin America , Argentina |
      • 01:45 PM ET 08/11/2022

      Argentina's central bank to 69.50%, traders said Thursday.

    • Argentina's YPF ups capex forecast on inflation, increased activity

      • BY Reuters|
      • Latin America , Argentina |
      • 11:02 AM ET 08/11/2022

      Argentine national oil company YPF is increasing its forecast 2022 capital expenditures by some 10% to $4 billion, on inflationary pressures and above-expected activity, executives said on Thursday.

    • Argentina industrial output up 6.9% in June vs a year ago -stats agency

      • BY Reuters|
      • Latin America , Argentina |
      • 03:05 PM ET 08/09/2022

      Argentina's industrial output grew 6.9% in June from a year ago in non-seasonally adjusted terms and rose 2.6% in seasonally adjusted terms from May, the government's INDEC statistics agency said on Tuesday.

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