Markets

This big-name fund manager lost $1.8 billion during Argentina’s massive market rout

A big-name fund manager lost almost $US1.8 billion on Monday after Argentina’s financial markets suffered a historic collapse, according to the Financial Times. Michael Hasenstab stomached losses across six funds after Argentina’s currency, stock market, and bond prices plunged following president Mauricio Macri’s shock primary loss. Hasenstab made his name […]
This big-name fund manager lost $1.8 billion during Argentina’s massive market rout
Markets

Argentina asks the IMF to speed up payments for its $50 billion bailout

Argentine President Mauricio Macri said he has asked the International Monetary Fund to speed up bailout payments to the country. The country received the largest bailout in IMF history in June. Watch the Argentine peso in real time here. Argentina’s currency sank Wednesday after President Mauricio Macri said he has […]
Argentina asks the IMF to speed up payments for its $50 billion bailout
Markets

The Argentine peso is soaring amid an unusual central bank shake-up

The Argentine peso was up more than 1% versus the dollar Friday. That’s after the president of Argentina’s central bank stepped down. Follow the Argentine peso in real time here. The Argentine peso is climbing against the US dollar after a switchup in leadership at its central bank, which hasn’t […]
The Argentine peso is soaring amid an unusual central bank shake-up
Markets

The Mexican peso is getting slammed amid political uncertainty

The Mexican peso was down nearly 1.50% on Thursday afternoon. The dive came after a poll showed strong support for presidential candidate and staunch leftist Andres Manuel Lopez Obrador. Obrador has a 22 point lead in the July presidential race, according to a poll. The Mexican peso dove Thursday amid […]
The Mexican peso is getting slammed amid political uncertainty