Argentina

Argentina News

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  YPF Seeks Waivers on Debt Repayment Rights After Seizure

  Updated 12 minutes ago

  YPF SA, Argentina’s largest oil producer, is asking creditors to issue waivers on part of its $1.6 billion debt after the government’s takeover and said it risks being delisted from the New York Stock Exchange.

• Argentine Stocks: YPF and Grupo Financiero Galicia Are Active

  Updated 2 hours, 55 minutes ago

  The following companies are having unusual price changes in Argentine trading. Stock symbols are in parentheses, and share prices are as of 1:26 p.m. in Buenos Aires. The Merval index retreated 2.2 percent to 2,164.79.

• Argentina Extends Management of YPF for Additional 30 Days

  Updated 42 minutes ago

  Argentina is extending government oversight of YPF SA after seizing control of the oil producer last month in a dispute over investments and dividend payments.

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  Eton Park Boosted YPF Stake as Soros Sold Before Takeover

  Hedge fund Eton Park Capital Management LP raised its stake in YPF SA while billionaire George Soros sold in the first quarter before Argentina took control of the oil producer, causing the stock to plummet.

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  Deere Raises Profit Forecast After U.S. Farm Incomes Gain

  Deere & Co., the largest maker of agricultural equipment, raised its full-year earnings forecast and posted a fiscal second-quarter profit that topped analysts’ estimates after higher crop prices supported U.S. farm incomes.

• Argentina Doesn’t Plan Multiple Exchange Rates, Fernandez Says

  Argentina has no plans to introduce multiple exchange rates, President Cristina Fernandez de Kirchner said, commenting on a report in newspaper El Cronista yesterday.

• Argentina’s YPF Seizure Seen Raising LNG Cargo Costs

  Argentina must compete for liquefied natural gas with Asian buyers paying 38 percent more as Repsol SA cancels shipments after the government’s takeover of its YPF SA unit, according to Drewry Maritime Services Ltd.

• Repsol Sues Argentina in N.Y. Over Initial Public Offering

  Repsol YPF SA, the Spanish oil exploration company, sued Argentina in U.S. court in Manhattan over its initial public offering, seeking unspecified damages for an alleged breach of contract.

• Argentine Stocks: Cresud, Grupo Clarin, YPF Were Active

  The following companies had unusual price changes in Argentine trading. Stock symbols are in parentheses, and share prices are as of the close in Buenos Aires. The Merval index fell 0.9 percent to 2,214.05.

• Cencosud Posts Lower-Than-Expected Profit in Chile

  Cencosud SA, Chile’s largest retailer by sales, reported an unexpected drop in first-quarter profit on financial costs and the sale of a put option to UBS AG.

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Related Topics

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  New York

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  Cristina Fernandez De Kirchner

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  World Bank

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  Buenos Aires

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