Argentine bonds rallied the most in emerging markets after the government unveiled a new inflation index that marks the most concrete sign it’s ready to move away from policies that have alienated investors for a decade.
Argentina, seeking to rebuild relations with foreign investors, will unveil a new consumer price index this week that probably will acknowledge something the government has denied for seven years: that it systematically underestimated inflation.
Royal Dutch Shell Plc’s Argentine unit was accused of conspiring against the country’s interests by Cabinet Chief Jorge Capitanich after the oil producer increased fuel prices following a devaluation of the peso.
Former Argentine President Nestor Kirchner , who antagonized investors in the aftermath of the country’s $95 billion debt default before handing power to his wife in 2007, died of a heart attack today. He was 60.
Argentine farmers are betting the peso’s biggest slump in 12 years isn’t over by holding on to an estimated $4 billion of stockpiled soybeans in a measure that may deepen the country’s financial crisis.