Economy of Argentina

Banco Macro announces the death of its Chairman Jorge H. Brito

Retrieved on: 
Tuesday, November 24, 2020
Banco Macro, Jorge Horacio Brito, Coronel Moldes, Brito, Salta Province, Economy of Argentina, Argentina, Companies

BUENOS AIRES, Argentina, Nov. 24, 2020 /PRNewswire/ --Banco Macro S.A. (NYSE: BMA; BYMA: BMA) ("Banco Macro" or "BMA" or the "Bank")

Key Points: 
  • BUENOS AIRES, Argentina, Nov. 24, 2020 /PRNewswire/ --Banco Macro S.A. (NYSE: BMA; BYMA: BMA) ("Banco Macro" or "BMA" or the "Bank")
    It is with great sorrow that we inform you of the death of the Chairman of our Board, Mr. Jorge Horacio Brito.
  • Pursuant to article 17 of the Bylaws, the office of the Chairman shall be covered by the Vice Chairman, Dr. Delfn J. Ezequiel Carballo.
  • It is with great sorrow that Banco Macro announces the death of its founder and Chairman, Mr. Jorge Horacio Brito, who this afternoon suffered an aviation accident in the town of Coronel Moldes, Province of Salta.
  • We both founded in 1978 Macro Compaa Financiera S.A., a company that was the origin of what we nowadays know as Banco Macro.

IRSA Inversiones y Representaciones S.A. announces its Results for the Fiscal Year 2020 ended June 30, 2020.

Retrieved on: 
Tuesday, September 29, 2020
Inversiones y Representaciones Sociedad Anónima, Economy of Argentina, Argentine peso, IRSA, Companies, Argentina, Economies, Eduardo Elsztain

BUENOS AIRES, Argentina, Sept. 29, 2020 /PRNewswire/ -- IRSA Inversiones y Representaciones S.A. (NYSE: IRS; BYMA: IRSA), the leading real estate company in Argentina, announces today its results for the Fiscal Year 2020 ended June 30, 2020.

Key Points: 
  • BUENOS AIRES, Argentina, Sept. 29, 2020 /PRNewswire/ -- IRSA Inversiones y Representaciones S.A. (NYSE: IRS; BYMA: IRSA), the leading real estate company in Argentina, announces today its results for the Fiscal Year 2020 ended June 30, 2020.
  • Net result for the fiscal year showed a profit of ARS 23,731 million, compared to a loss of ARS 38,371 million in the fiscal year 2019.
  • This gain is explained by a higher value in pesos of investment properties in Argentina business center.
  • Regarding our individual financial statements, the investment in IDBD and DIC as of June 30, 2020 is valued at zero.

YPF SA Reports

Retrieved on: 
Saturday, April 25, 2020
YPF, Companies, Economy of Argentina, Mesozoic, Nationalization, Vaca Muerta

The document is available on the YPF website at http:// www.ypf.com in the Investor Relations section, and can also be downloaded from the SECs website at http:// www.sec.gov .

Key Points: 
  • The document is available on the YPF website at http:// www.ypf.com in the Investor Relations section, and can also be downloaded from the SECs website at http:// www.sec.gov .
  • In accordance to the applicable rules, YPF is filing the interactive Data with this report.
  • YPF is the leading energy company of Argentina, producing approximately 38% of the total oil and gas in the country and supplying 56% of the fuel markets through a network of more than 1600 gas stations and other assets.
  • YPF is leader in the production of unconventional resources.

Telecom Argentina S.A. announces consolidated results for the annual period ("FY19") and fourth quarter for fiscal year 2019 ("4Q19")*

Retrieved on: 
Tuesday, March 10, 2020
Average revenue per user, Telecom Argentina, Companies, Economy of Argentina, Economy of South America

As of December 31, 2019, Personal reached 19.1 million subscribers in Argentina, increasing in more than 750 thousand clients when comparing with FY18.

Key Points: 
  • As of December 31, 2019, Personal reached 19.1 million subscribers in Argentina, increasing in more than 750 thousand clients when comparing with FY18.
  • The average monthly revenue per user ('ARPU' restated in constant currency as of December 31, 2019) of Personal in Argentina amounted to P$317.1 during FY19.
  • Additionally, Telecom Argentina offers mobile, broadband and satellite TV services in Paraguay and pay TV services in Uruguay.
  • As of December 31, 2019, Telecom Argentina has 2,153,688,011 shares issued and outstanding.

Pablo Soria de Lachica on the Implications of Imposing Capital Controls on Argentine Peso

Retrieved on: 
Wednesday, January 15, 2020
Argentine peso, Economy of Argentina, Mauricio Macri, Argentina, Government

Instead, Latin America's third-largest economy started on a downward spiral in the 1950s, suffering a recession every three years during the following six decades.

Key Points: 
  • Instead, Latin America's third-largest economy started on a downward spiral in the 1950s, suffering a recession every three years during the following six decades.
  • When the Argentine peso plunged by roughly 30% after pro-business President Mauricio Macri suffered a sound defeat in the primaries, the country's central bank imposed capital controls in a bid to "maintain currency stability," among other things.
  • The extraordinary measures, have had some success in decelerating the fall of the peso, but they are likely to provide only a near-term respite, Pablo Soria de Lachica explains.
  • Pablo Soria de Lachica - Foreign Exchange Specialist: http://PabloSoriaDeLachicaNews.com
    Pablo Soria de Lachica Examines the Impact of Argentina's Presidential Elections on its National Currency: https://finance.yahoo.com/news/pablo-soria-lachica-examines-impact-03100...
    Pablo Soria de Lachica Explains the Impact of Argentine Peso Devaluation: https://finance.yahoo.com/news/pablo-soria-lachica-explains-impact-19100...

Telecom Argentina S.A. announces consolidated six month period ('1H19') and second quarter results for fiscal year 2019 ('2Q19')*

Retrieved on: 
Friday, August 9, 2019
Telecom Argentina, Economy of Argentina, Companies, Economy of South America

Telecom launched a new live show platform called "Flow Music Experience", which offers an annual show proposal in Argentina, with leading international artists.

Key Points: 
  • Telecom launched a new live show platform called "Flow Music Experience", which offers an annual show proposal in Argentina, with leading international artists.
  • Additionally, broadband ARPU (restated in constant currency as of June 30, 2019) amounted to P$867.4 per month in 1H19.
  • This allowed the upsize of the original issuance for US$100 million, indicating an acknowledgement to Telecom Argentina as an international issuer.
  • As of June 30, 2019, Telecom Argentina has 2,165,236,424 shares issued and 2,153,688,011 shares outstanding.

Parabolt Helps YPF Evolve into the Gas Stations of the Future

Retrieved on: 
Tuesday, April 30, 2019
Energy, Oil, Gas, Professional services, Other Professional Services, Science and technology studies, Design, Innovation, Product management, YPF, Articles, Companies, Economy of Argentina

Parabolt , the company that turns innovative ideas into disruptive products, is helping to transform YPF, Argentinas top energy company and one of the biggest industry leaders in Latin America.

Key Points: 
  • Parabolt , the company that turns innovative ideas into disruptive products, is helping to transform YPF, Argentinas top energy company and one of the biggest industry leaders in Latin America.
  • In just 12 weeks, through a series of innovation workshops, the platform managed to track and develop new ideas within the company, evaluating, selecting and ranking them.
  • Last year, more than 20 ideas were chosen as out-of-the box proposals for the Gas Stations of the Future.
  • As a result of this process, a number of innovative concepts are now being developed for deployment across YPFs network of gas stations in 2019.

Bladex acts as Joint Lead Arranger of a $75 million, Senior Unsecured 3-year Term Loan for YPF Energía Eléctrica S.A.

Retrieved on: 
Wednesday, December 26, 2018
Banco Latinoamericano de Comercio Exterior, YPF, Economy of Argentina

PANAMA CITY, Dec. 26, 2018 /PRNewswire/ -- Banco Latinoamericano de Comercio Exterior, S.A. ("Bladex" or the "Bank") announced today the recent closing of a US$75 million, senior unsecured, amortizing 3-year term loan facility (the "Facility" or the "Loan") in favor of YPF Energa Elctrica S.A. ("YPF EE" or the "Company").

Key Points: 
  • PANAMA CITY, Dec. 26, 2018 /PRNewswire/ -- Banco Latinoamericano de Comercio Exterior, S.A. ("Bladex" or the "Bank") announced today the recent closing of a US$75 million, senior unsecured, amortizing 3-year term loan facility (the "Facility" or the "Loan") in favor of YPF Energa Elctrica S.A. ("YPF EE" or the "Company").
  • YPF EE is the fifth largest private electricity generator in the Argentina through its thermal energy plants and wind farms.
  • The Loan was structured as a club deal between Bladex and Industrial and Commercial Bank of China (Argentina), S.A. which together acted as Joint Lead Arrangers.
  • For further information on Bladex, please access its website at www.bladex.com or contact:
    View original content to download multimedia: http://www.prnewswire.com/news-releases/bladex-acts-as-joint-lead-arrang...
    SOURCE Banco Latinoamericano de Comercio Exterior, S.A. (Bladex)

Cablevisión Holding Announces First Half and Second Quarter 2018 Results

Retrieved on: 
Monday, August 13, 2018
Telecom Argentina, CVH, Economy of Argentina

BUENOS AIRES, Argentina, Aug. 13, 2018 /PRNewswire/ --Cablevisin Holding S.A., ("Cablevision Holding", "CVH" or "the Company" - BCBA: CVH; LSE: CVH), announced today its First Half and Second Quarter 2018 Results.

Key Points: 
  • BUENOS AIRES, Argentina, Aug. 13, 2018 /PRNewswire/ --Cablevisin Holding S.A., ("Cablevision Holding", "CVH" or "the Company" - BCBA: CVH; LSE: CVH), announced today its First Half and Second Quarter 2018 Results.
  • Figures have been prepared in accordance with International Financial Reporting Standards ("IFRS") as of June 30, 2018 and are stated in Argentine Pesos ("Ps."
  • As of January 1, 2018, the Merger between Telecom Argentina S.A. and Cablevisin S.A. (CVH's Subsidiary) has become effective and, consequently, the Company has become the controlling shareholder of Telecom Argentina S.A. (NYSE: TEO, BCBA: TECO2).
  • Debt Coverage Consolidated ratio as of June 2018 was 1.54x for Total Financial Debt and 1.26x in terms of Net Debt.

IRSA Inversiones y Representaciones S.A. Announces Results for the third quarter of FY 2018 Ended March 31, 2018

Retrieved on: 
Thursday, May 10, 2018
Economy of Argentina, Inversiones y Representaciones Sociedad Anónima, IRSA, Economy, Argentina, Business

BUENOS AIRES, Argentina, May 10, 2018 /PRNewswire/ -- IRSA Inversiones y Representaciones S.A. (NYSE: IRS; BYMA: IRSA), the leading real estate company in Argentina announces today its results for the third quarter of FY 2018 ended March 31, 2018.

Key Points: 
  • BUENOS AIRES, Argentina, May 10, 2018 /PRNewswire/ -- IRSA Inversiones y Representaciones S.A. (NYSE: IRS; BYMA: IRSA), the leading real estate company in Argentina announces today its results for the third quarter of FY 2018 ended March 31, 2018.
  • Tenant Sales in our malls grew by 24% during the nine-month period of FY2018 while the average rent of the office portfolio reached USD/sqm 26.9.
  • We reached 98.6% occupancy in our shopping malls, 91.1% occupancy in our offices and 71.9% in our hotels' portfolio.
  • In Israel Business Center, we have sold during the quarter and subsequently, an additional 10% of Clal Insurance through two swap transactions.