Stronger exports in Argentina have boosted the demand for trade insurance, which is likely to grow between 20% and 30% in the second half of 2003, according to the local financial newspaper, El Cronista.
Executives of the Buenos Aires stock exchange and its chairman Julio Werthein have asked economy minister Roberto Lavagna to approve the creation of an independent factoring market to compete with banks, local daily El Cronista reported.
Rumours have surfaced on the business news service, Zephus.com, of the forthcoming acquisition of Argentina’s Banco Galicia. A prospective purchaser has not been publicly disclosed by the source.
Although figures have not yet been released, expectations regarding the results for the second quarter of 2000 are pessimistic.
