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21:51
Political uncertainty and inflation concerns loom, leading to a decline in Latin American assets this week
The MSCI index tracking Latin American stock markets fell by 2.66%, reaching what is expected to be the lowest level in over a month; meanwhile, the corresponding currency index dropped by 1.44%, set to mark the largest single-day decline in more than two months. Overall, the Latin American stock index is expected to fall by nearly 6% this week, while the currency index is forecast to drop 2.2% this week.
21:46
YPF, Argentina's national oil company, applies for the RIGI investment incentive scheme for its $25 billions oil project
The project aims to accelerate the development of the Vaca Muerta shale formation. According to the company's CEO, Horacio Marin, the project, known as LLL, represents Argentina's most important oil export initiative and is currently the largest project submitted under the Large Investment Incentive Regime (RIGI). Read more
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