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MERVAL
The S&P MERVAL Index (''MERcado de VALores'', ) is the most important index of the Buenos Aires Stock Exchange. It is a price-weighted index, calculated as the market value of a portfolio of stocks selected based on their market share, number of transactions and quotation price. The base of MERVAL is set at 30 June 1986 = 0.01 Argentine pesos. It is part of a joint-venture between S&P Dow Jones Indices and BYMA. The corporations and weighted prices that compose MERVAL are updated every three months, based on their market share during the previous period. As of 30 July 2021 the constituent companies of the index include Aluar (aluminium smelter), BBVA Argentina (financial services), Banco Macro (financial services), Sociedad Comercial del Plata (holding), Edenor (electricity), Grupo Financiero Galicia (financial services), Pampa Energía (energy), Ternium (steel), Telecom Argentina (telecommunications), and YPF (oil and gas). Historical values The following is a t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Pampa Energía
Pampa Energía S.A. is the largest independent energy company in Argentina, with participation in the electricity and oil and gas value chain. It was founded in 2005 and is headquartered in Buenos Aires. Pampa is listed on the Buenos Aires Stock Exchange and is one of the Argentine companies with a greater weight on the Merval index (7.1809% as from January 1, 2019). Besides, Pampa is one of the Argentine companies with a greater weight on the MSCI Argentina Index (10.77% as of January 31, 2019). Pampa has a Level II American Depositary Share (ADS) program listed in the New York Stock Exchange, and each ADS represents 25 common shares. Core Businesses In the electricity value chain, as of December 31, 2018 Pampa's power generation segment has an installed capacity of 3,871 MW, which represents 10% of Argentina's installed capacity. 504 MW expansions are in the pipeline to be developed by the Company, increasing total installed capacity to 4,375 MW. The power transmission segm ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Grupo Financiero Galicia
Grupo Financiero Galicia S.A. is a financial services holding company based in Buenos Aires, and its banking operations are the fifth largest in Argentina, as well as the largest among all domestically-owned private banks in the country.ABA: ranking Overview 
The bank was founded in 1905 as the ''Banco de Galicia y Buenos Aires'' by a consortium led by Manuel Escasany, a jeweler and clockmaker of Galician origin. It was registered under the laws of the Argentine ...
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Aluar
Aluar is the only aluminium smelter in Argentina and one of the largest in South America. History Established in 1970 as a partnership between synthetic rubber maker FATE, businessman José Ber Gelbard, and other private investors, Aluar obtained an exclusive licence to produce aluminum from the military regime of General Alejandro Lanusse, who sought to make Argentina self-sufficient in the critical industrial staple. Following state-financed works on a hydroelectric dam in Trevelin, Chubut Province, Aluar opened its first smelter in Puerto Madryn, in 1974. The 47th largest enterprise in Argentina in 1979, and with an output of 140,000 metric tons, Aluar/FATE was listed on the Buenos Aires Stock Exchange that year. It expanded into the aluminium products industry with the purchase of Kicsa (a former subsidiary of Kaiser Motors), in 1983. Retaining a majority stake in the company as the principal in FATE, Manuel Madanes died in 1988, and following a probate dispute within the fam ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Banco Macro
Banco Macro is the second largest domestically-owned private bank in Argentina, and the sixth-largest by deposits and lending. It began operating in 1988 as a bank and has a wide network of branches and ATMs throughout the country, which allows it to provide banking services to a broad customer base. Grupo Macro has 7,925 employees, 1,772 ATMs, 957 self-service terminals, and a structure of more than 500 service points. Overview Banco Macro began operations as ''Financiera Macro'', a brokerage specializing in arbitrage founded by Mario Brodersohn, José Dagnino Pastore and Alieto Guadagni, in 1976. The institution was purchased by a competing arbitrageur, Jorge Brito, in 1985. Granted authorization to operate as a |
Buenos Aires Stock Exchange
The Buenos Aires Stock Exchange (BCBA; ) is the organization responsible for the operation of Economy of Argentina, Argentina's primary stock exchange located at Buenos Aires central business district. Founded in 1854, it is the successor to the ''Banco Mercantil'', which was created in 1822 by Bernardino Rivadavia. Citing BCBA's self-definition: "It is a self-regulated non-profit civil association. At its Council sit representatives of all different sectors of Argentina's economy." The most important index of the stock market is the MERVAL (from ''MERcado de VALores'', "stock market"), which includes the most important papers. Other indexes are ''Burcap'', ''Bolsa General'' and ''M.AR.'', and currency indicators ''Indol'' and ''Wholesale Indol''. The Stock Exchange's current, Leandro Alem Avenue headquarters was designed by Norwegian-Argentine architect Alejandro Christophersen in 1913, and completed in 1916. A modernist annex was designed by local architect Mario Roberto Álvar ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
BBVA Argentina
BBVA Argentina, formerly BBVA Banco Francés, is a financial institution in Argentina. History Founded on 14 October 1886, in Buenos Aires as ''Banco Francés del Río de la Plata'' (), it is the oldest private bank in Argentina. Its Beaux-Arts headquarters, designed by Jorge Bunge, were inaugurated in 1926. Morgan Guaranty Trust acquired a 50% share in the bank in 1968, though the New York-based bank sold most of these to Alpargatas, a leading local industrial firm, a decade later. Despite the nation's economic woes during the 1980s, the Banco Francés expanded from 15 branches to 62 during the decade, and entered into a joint venture with Bankers Trust Company in 1986. Alpargatas sold its stake to local developer Eduardo Constantini in 1991, and entered into a second joint venture with Merrill Lynch in 1992. In December 1996, Spain's ''Banco Bilbao Vizcaya,'' (now Banco Bilbao Vizcaya Argentaria), acquired the 99.9% of the common shares of ''Otar S.R.L.'', which was a maj ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Sociedad Comercial Del Plata
Sociedad Comercial del Plata is a diversified Argentine holding company, with interests primarily in the energy, rail transport, real estate, and tourism sectors. Overview Sociedad Comercial del Plata was founded in Buenos Aires on June 7, 1927, and became a holding company with varied interests, primarily real estate. Francisco Soldati (a nephew of José Francisco Soldati, the owner of the city's largest utility, the Italian-Argentine Electric Company, and founder of the Villa Lugano ward of Buenos Aires) bought controlling interest in SCP in 1965, and expanded the company into petroleum transport; he ultimately lost his life in a November 1979 bombing carried out by the far-left Montoneros terrorist group, in one of their last attacks. His son, Francisco, became President of SCP in 1976. SCP remained focused on its fuel and electricity, and established a realty, Del Plata Propiedades, though the group's growth was hampered by the debt and inflation crisis in the local econom ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Edenor
Edenor is a public Argentine electricity distribution company founded in 1992 and headquartered in Buenos Aires. The company has an exclusive concession to distribute electricity in the northwestern section of Greater Buenos Aires, and in the north of Buenos Aires proper, selling electric power to residential, commercial, industrial, and government customers. Edenor's 34,500 kilometers of network and 2.5 million customers represent 18.5% of the Argentine market in its industry. History Edenor was established on July 21, 1992, as part of the broader privatization of Servicios Eléctricos del Gran Buenos Aires S.A. (SEGBA), a state-owned entity responsible for electricity distribution in Buenos Aires. SEGBA was split into three distribution companies—Edenor, Edesur, and Edelap—as well as several generation companies. This restructuring was intended to promote competition and efficiency in the sector. EDF International S.A., was among the international investors that acquire ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Telecom Argentina
Telecom Argentina S.A. is the major local telephone company for the northern part of Argentina, including the whole of the city of Buenos Aires. Briefly known as ''Sociedad Licenciataria Norte S.A.'', it quickly changed its name, and is usually known as simply "Telecom" within Argentina. Together with Telefónica de Argentina in the southern part of the country, was part of the national fixed telephone market duopoly, until 8 October 1999. Telecom also operates the mobile phone service Personal, the cable modem service Arnet- Fibertel and the cable operator Cablevisión, now under the brand "Flow". History In 1990, Argentina started to privatize most of its state-owned utilities: power, water, trains, and telecommunications, just to name a few. The monopoly of state-owned phone service ENTel was split into two territories: Stet International (the previous name of Telecom Italia and France Télécom was given the "upper half" of the country, from the middle to the north, and ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Ternium
Ternium S.A. is a manufacturer of flat and long steel products with production centers in Argentina, Brazil, Mexico, Guatemala, Colombia, and the United States. Ternium owns a 51.5% interest in Usiminas of Brazil. The company has an annual production capacity of 15.4 million tons. In 2023, 55% of its sales were from Mexico; 21% of sales were from Argentina; Bolivia, Chile, Paraguay and Uruguay; 13% of sales were from Brazil; and 11% of sales were from the United States, Colombia and Central America. Approximately 21% of the company is publicly-traded; the remainder is controlled by San Faustin S.A., which is in turn controlled by Rocca & Partners Stichting Administratiekantoor Aandelen San Faustin, a Stichting. The company takes its name from the Latin words ''Ter'' (three) and ''Eternium'' (eternal) in reference to the integration of the three steel mills. History Ternium was formed in 2005 by the consolidation of three companies: Siderar of Argentina, Sidor of Venezuela and ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Argentine Economic Crisis (1999-2002)
Argentina has faced several economic crises, such as: * The Rodrigazo (1975) * The 1989 hyperinflation in Argentina * The 1998–2002 Argentine great depression The 1998–2002 Argentine great depression was an economic depression in Argentina, which began in the third quarter of 1998 and lasted until the second quarter of 2002. It followed fifteen years of Economic history of Argentina#Stagnation (197 ... * The 2018–present Argentine monetary crisis {{disambiguation ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Chronic Inflation
Chronic inflation is an economic phenomenon occurring when a country experiences high inflation for a prolonged period (several years or decades) due to continual increases in the money supply among other things. In countries with chronic inflation, inflation expectations become 'built-in', and it becomes extremely difficult to reduce the inflation rate because the process of reducing inflation by, for example, slowing down the growth rate of the money supply, will often lead to high unemployment until inflationary expectations have adjusted to the new situation. Chronic inflation is distinct from hyperinflation. Occurrence Even more so than hyperinflation, chronic inflation is a 20th-century phenomenon, being first observed by Felipe Pazos in 1972. High inflation can only be sustained with unbacked paper currencies over long periods, and before World War II unbacked paper currencies were rare except in countries affected by war – which often produced extremely high inflat ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |