Latest news with #foreign exchange market
Bloomberg
12-08-2025
- Business
- Bloomberg
Milei's FX Reforms Spur Worst Corporate Default Wave Since 2020
Javier Milei's reforms have brought stability to Argentina's chaotic foreign exchange market and praise from investors. But the overhaul is also fueling the worst streak of corporate defaults since the pandemic. Local borrowing costs are soaring, especially for peso-reliant companies, with many of them struggling with tight cash flows and high levels of debt after President Milei removed most exchange controls for individuals.
Bloomberg
15-07-2025
- Business
- Bloomberg
South Korea to Set Up FX Reform Panel With Offshore Banks
South Korea will form a panel for regular discussions with offshore banks to improve its foreign exchange market, another step to address key hurdles in its bid to join a major developed-market stock index. 'We had a call this afternoon with the five leading registered offshore foreign institutions,' said Jung Yeu Jin, director of the foreign exchange market division at the finance ministry on Tuesday. 'The channel will be used to gather opinions from foreign investors, and in particular, we plan to actively listen to voices related to the MSCI index inclusion issue.'
