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Argentina’s central bank cuts dollar purchase limits to stabilize the economy after Sunday’s election result
President-elect Alberto Fernandez has not been forthcoming with his economic plan, and ran on left-wing Peronist views, making for frenzied markets.
Third Point isn't the first hedge fund to note losses from Argentine debt. Autonomy Capital reportedly lost about $1 billion betting on the country.
Traders in Argentina have figured out a loophole that generates a 7% return in mere minutes. Here’s how they pull it off.
The fully-legal trading method uses the difference in the official exchange rate and brokers' exchange rate to net thousands of pesos in profit.
A hedge fund reportedly hemorrhaged $1 billion in August because it bet on Argentina before the country’s markets crashed
Robert Gibbins, the fund's founder, stands by his investments and thinks Argentina will recover, The Wall Street Journal reported.
Argentina just brought in currency controls to contain the peso after it lost more than a quarter of its value in a month
Investors have been fleeing from Argentina as the risk of a populist government has grown in recent months.
The IMF is sending a team to Argentina following the surprising election result that plunged its currency and crashed its stock market
"We are closely following recent developments in Argentina and are in ongoing dialogue with the authorities," said an IMF spokesperson.
Argentina gets nailed with multiple credit downgrades a week after suffering the 2nd-largest stock drop in global history
If local and external borrowing conditions in Argentina do not improve, "both roll-over and fresh financing could be difficult," Fitch wrote.
Investors are waiting ‘anxiously’ to hear from Argentina’s next potential president after a surprise election result sent markets cr...
"Everyone is anxiously awaiting to get some signals out of Fernandez," said Franco Uccelli of JPMorgan Private Bank.
Michael Hasenstab, who made his name betting on economic recoveries, stomached big losses across six funds.
Argentina just suffered the 2nd-biggest crash since 1950 for any stock market — and the nation is again on the brink of a financial crisis
Investors are increasingly worried that Argentina will be unable to repay its billions of dollars in debt and are dumping the country's assets.