EMERGING MARKETS-Mexico's peso slips after inflation data; Latam stocks rise [Yahoo! Finance]
Grupo Financiero Galicia S.A. - American Depositary Shares, Class B Shares underlying (GGAL)
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Source: Yahoo! Finance
cut interest rates 'soon' - source * Grupo Financiero Galicia to buy HSBC business for $550 mln * Latam stocks up 0.6%, FX adds 0.3%. (Updated at 3:45 p.m. ET/1945 GMT) By Bansari Mayur Kamdar April 9 (Reuters) - The Mexican peso slipped from nine-year highs on Tuesday after data showed headline inflation in the region's second-largest economy rose in March, although less than expected, while broader gauges of regional stocks and currencies both rose. The peso fell 0.6% to 16.4149 against the dollar, retreating from its highest level in nine years. Mexico's headline inflation reached 4.42% in March, a modest increase from the 4.40% seen in February, although below the 4.50% expected by economists polled by Reuters. Meanwhile, inflation excluding volatile food and energy prices continued to moderate, standing at 4.55% in March from 4.64% in February. "The CPI data not showing stubborn inflation serves as fuel for markets to believe that Banxico can afford to do another interest rate cu
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News
- Grupo Financiero Galicia S.A. (NASDAQ: GGAL) was upgraded by analysts at StockNews.com from a "hold" rating to a "buy" rating.MarketBeat
- HSBC Joins Firms Exiting Argentina Amid Milei Economic Makeover [Yahoo! Finance]Yahoo! Finance
- HSBC to take $1bn hit on sale of Argentina unit [FT.com - Mergermarket]FT.com - Mergermarket
- HSBC to take $1bn hit on sale of Argentina unit [Financial Times (FT.com) (UK)]Financial Times
- HSBC to sell Argentina business to Galicia in $550 mln deal [Reuters]Reuters
GGAL
Sec Filings
- 4/26/24 - Form 20-F
- 4/9/24 - Form 6-K
- 3/27/24 - Form 6-K
- GGAL's page on the SEC website