ARGT
Global X MSCI Argentina ETFNYSEARCA
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  • Thu, Jun. 30, 4:35 AM
    • Looking to restore investor confidence, open up the country's economy and attract foreign investment, President Mauricio Macri has unveiled the results of Argentina's revised growth numbers for the past decade.
    • GDP shrank 0.7% in the first quarter from the last three months of 2015, marking its third consecutive Q/Q contraction and confirming the new president inherited an economy in recession.
    • ETFs: ARGT
    | Thu, Jun. 30, 4:35 AM
  • Thu, Jun. 23, 10:35 AM
    • Argentine bonds became one of Gross' Janus Global Unconstrained Bond Fund's (MUTF:JUCAX) top-10 holdings in May. No other country's debt made that list, not even his long-time emerging market favorite Mexico.
    • In this, Gross becomes the latest big investor to jump into Argentina (NYSEARCA:ARGT) following Mauricio Marci's ascension to the presidency and the subsequent ending of the decade-long debt dispute with hedge funder Paul Singer.
    • Currency controls have been lifted and in April the country returned to the overseas debt market with a record $16.5B bond sale.
    • It's a big shift for Gross who a few months back lumped Argentina in with messes like Venezuela and Zimbabwe. His Janus fund has returned 3.2% this year, outperforming 75% of peers.
    | Thu, Jun. 23, 10:35 AM | 3 Comments
  • Thu, Jun. 16, 4:19 AM
    • Violence is spreading in Venezuela, leaving five dead, at least 30 injured and 400 arrested after the latest bout of looting and food riots.
    • Argentina released inflation figures - which rose 4.2% in May - for the first time since Mauricio Macri became president in December.
    • The fledgling administration of Brazil's acting President Michel Temer was rocked by fresh corruption allegations linked to state oil company Petrobras (NYSE:PBR).
    • ETFs: EWZ, BRF, ARGT, BRZU, EWZS, BZQ, BRAQ, BRAZ, UBR, DBBR, FBZ
    | Thu, Jun. 16, 4:19 AM | 9 Comments
  • Mon, May 16, 5:00 AM
    • After returning to the global credit markets last month, Argentina is set to issue its first major corporate bonds.
    • Banco Hipotecario will issue as much as $200M of debt due 2020, said Manuel Herrera, the bank's assistant chief executive, outlining that the order book will open today or tomorrow.
    • Other Argentine news: Former President Cristina Fernandez de Kirchner and other officials have been indicted on charges of manipulating the nation's central bank during the final months of her administration.
    • ETFs: ARGT
    | Mon, May 16, 5:00 AM | 1 Comment
  • Tue, Apr. 19, 2:11 AM
    • Argentina has returned to the global bond markets following a 15-year hiatus, unveiling the biggest sovereign issuance by an emerging-market nation in two decades.
    • The country is raising up to $15B, but demand for the bond issue (which will pay an interest rate of between 6.4% and 8%) was strong and attracted orders worth $65B.
    • Most of the cash raised will go toward paying off a small number of holdout creditors, led by U.S. hedge funds Elliott Management and Aurelius Capital.
    • ETFs: ARGT
    | Tue, Apr. 19, 2:11 AM | 11 Comments
  • Thu, Apr. 14, 5:14 AM
    • A U.S. appeals court has cleared the way for Argentina to raise as much as $15B to pay holdout creditors, enabling the Latin American sovereign to re-enter the international capital markets after more than a decade on the sidelines.
    • The ruling is another victory for President Mauricio Macri, who set about ending the country’s impasse with creditors when he was elected last year and already passed a wave of economic and financial reforms.
    • ETFs: ARGT
    | Thu, Apr. 14, 5:14 AM
  • Mon, Apr. 11, 5:18 AM
    • Investor interest in Argentina's new bond offering has reached a zenith as the nation, sidelined from global debt markets since its 2001 default, launches a five-day marketing tour across the U.S and U.K.
    • According to sources, Argentina will cap the offering at $15B across 5-, 10- and 30-year tenures; the bonds are expected to come to market as early as April 18.
    • ETFs: ARGT
    | Mon, Apr. 11, 5:18 AM
  • Fri, Apr. 8, 5:23 AM
    | Fri, Apr. 8, 5:23 AM
  • Fri, Apr. 8, 4:01 AM
    • Preparing for a return to the global debt markets, Argentina is laying the groundwork for its long-awaited multibillion-dollar bond sale next week, to help pay off holdouts who had rejected a debt restructuring.
    • Marketing of the sale by the Latin American country - which is expected to top $12B - will kick off in New York and London on Monday, before bankers and Argentine policymakers travel to Los Angeles, Boston and Washington.
    • ETFs: ARGT
    | Fri, Apr. 8, 4:01 AM
  • Thu, Mar. 31, 2:51 AM
    • Argentina has given the green light to a landmark deal to repay its holdout creditors, ending a 14-year legal battle that made the country a global financial pariah.
    • The vote signifies the cornerstone of new President Mauricio Macri's plan for revitalizing an economy hobbled by low investment, high inflation and precarious central bank reserves, and will see Argentina issue its first bonds since 2001.
    • ETFs: ARGT
    | Thu, Mar. 31, 2:51 AM | 2 Comments
  • Wed, Mar. 23, 4:12 AM
    • Following an historic visit to Cuba, President Obama has touched down in Argentina to reset diplomatic relations and strengthen trade ties with the country.
    • The two-day stopover marks a rapprochement after years of sour relations and is a sign of support for President Mauricio Macri's investor-friendly reforms aimed at opening up Latin America's third largest economy.
    • The last U.S. presidential visit to Argentina was in 2005, when George W. Bush attended the Summit of the Americas.
    • ETFs: ARGT
    | Wed, Mar. 23, 4:12 AM | 1 Comment
  • Tue, Mar. 1, 2:38 AM
    • Seeking to end a 15-year battle and return to the international credit markets, Argentina has agreed to a $4.65B cash payment for its largest remaining holdout creditors, representing 75% of the amount outstanding on their judgments.
    • Finance Minister Alfonso Prat-Gay said he hoped to issue two or three new sovereign bonds for a total of up to $15B in April if Argentine lawmakers were swift in backing the accord.
    • ETFs: ARGT
    | Tue, Mar. 1, 2:38 AM
  • Thu, Feb. 25, 2:59 AM
    • Argentina and a group of hedge funds are nearing a deal that would pay investors about 70% of what they say they are owed, as the government moves closer to re-entering the global bond markets following its 2001 default.
    • The deal would see Elliott Management and other big hedge funds - representing about two-thirds of holdout creditors - receive $5B in repayments.
    • A big win for new Argentine President Mauricio Macri?
    • ETFs: ARGT
    | Thu, Feb. 25, 2:59 AM | 3 Comments
  • Sun, Feb. 21, 8:33 AM
    • Argentina has won a big victory in its decade-long battle with U.S. holdout funds after U.S. Judge Thomas Griesa said he would remove a financial blockade preventing the country's access to the international markets under certain conditions.
    • "President Macri's election changed everything," Griesa declared. "The Republic has shown a good-faith willingness to negotiate."
    • Argentina must now repeal the laws that stop it from paying the holdouts, and reimburse the ones that reached an agreement with Buenos Aires before the end of February.
    • Previously: Argentina debt outperforms on holdout offer (Feb. 09 2016)
    • Previously: Argentina debt negotiations pick up pace (Feb. 08 2016)
    • ETFs: ARGT
    | Sun, Feb. 21, 8:33 AM | 7 Comments
  • Tue, Feb. 9, 4:12 AM
    • Argentina bonds outperformed on Monday after two of six holdout investors agreed to accept a government offer to pay a total of $6.5B to them (a 25% haircut).
    • Daniel Pollack, the special master presiding over the negotiations, said Dart Management and Montreaux Equity Partners "stood solidly behind the deal," praising President Macri for addressing the "long-festering problem."
    • Previously: Argentina debt negotiations pick up pace (Feb. 08 2016)
    • ETFs: ARGT
    | Tue, Feb. 9, 4:12 AM
  • Mon, Feb. 8, 2:13 AM
    • Argentina has offered to pay about $6.5B in cash to U.S. holdouts that refused debt restructurings after its 2001 default, implying a haircut of about 25% on the amount bondholders say they are owed.
    • If accepted by all the holdouts, which are led by billionaire Paul Singer's Elliott Management, the deal will clear the way for Argentina's return to the international capital markets.
    • ETFs: ARGT
    • Previously: Argentina debt talks continue to make progress (Feb. 04 2016)
    • Previously: Argentina agrees to pay Italian holdouts (Feb. 03 2016)
    | Mon, Feb. 8, 2:13 AM | 1 Comment
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