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Monday, July 30, 2012, 3:00 PM Argentina better hire more currency-sniffing dogs as dollar deposits continue to flee the country, now off 42.3% since October. Following the government appropriation of the energy industry, depositors and investors aren't waiting around to find out the next target, writes Sober Look. 5 Comments [Global & FX]
Monday, April 16, 2012, 12:09 PM More on Argentina's takeover of YPF: The government will send a bill to Congress to take a 51% stake in the oil & gas giant for the "public good," according to an official. The move follows weeks of government pressure for the firm to spend more and pay its investors less. Shares -14%, Repsol (REPYY.PK) -1.7%. 9 Comments [Energy, Global & FX, M&A]
Wednesday, April 4, 2012, 3:52 PM The Argentine ETF (ARGT -4%) continues to tumble (off 13% in a month) as the U.K. sends a warship to the South Atlantic. Yesterday, President Kirchner yesterday called the U.K.'s claim on the islands "absurd." Also not helping are growing threats of nationalization of the country's oil giant YPF. 2 Comments [Global & FX]
Wednesday, February 29, 2012, 3:13 PM Spain's Repsol (REPYY.PK -5.6%) follows shares of its Argentine subsidiary YPF sharply lower on worries President Fernandez could announce greater intervention into the oil giant's operations on Thursday. The Argentina ETF: ARGT -2.4% - also taking a hit as YPF no doubt makes up a nice chunk of its holdings. Comment! [Global & FX, Energy, On the Move]
Friday, February 24, 2012, 8:30 AM The Economist removes Argentinian inflation statistics from its comprehensive economic statistics reporting, admitting numbers can be dodgy all over the world, but this particular figure is a special case of pure manipulation. "We see no prospect of a speedy return to credible numbers." ARGT +13.6% YTD. 2 Comments [Global & FX]
Tuesday, December 20, 2011, 1:22 PM Facing an increasing capital flight problem, the Argentine government puts into service 100 specially-trained dogs at border crossings to sniff out hard currency begin spirited out of the country. Central bank data shows $8.4B dollars left Argentina in Q3, a sharply higher pace than earlier this year. 3 Comments [Global & FX]
Monday, November 14, 2011, 6:47 AM Dollars are exiting Argentinian banks just days after the country instituted currency controls aimed at stemming a drain on central bank reserves. The government insists there will be no freeze on dollar deposits, but citizens have seen this movie before. ARGT -24% since its March inception. 1 Comment [Global & FX]
Tuesday, March 29, 2011, 9:16 AM With inflation running at 25%, government spending continuing to boom, and its central bank chief stoking the money supply, Argentina seems on the cusp of another hyperinflation. For now, life is good. "The first effect of any inflationary process is euphoria," says an ex-cabinet official. ARGT -2.9% since inception. 1 Comment [Global & FX]
Friday, January 7, 2011, 5:30 PM The risk of owning Argentinian bonds drops the most of any nation this week as beans in the teens boosts the economy of the world's 3rd largest soybean producer. “Soy prices improve domestic liquidity, improve taxes ... so it overall improves the ability to pay," says an analyst with RBS. Comment! [Global & FX]

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IRSA Inversiones Y Representaciones S.A.