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Rubinstein Tapped, Trade Balance Data Due

ARGENTINA
  • Argentine Economy Minister Sergio Massa tapped veteran economist Gabriel Rubinstein as secretary of economic planning, to help craft the policy response to a currency slump and the fastest inflation in three decades.
    • Rubinstein, who has long run his own consulting firm, served on the central bank’s board during the government of late President Nestor Kirchner in 2005, among other government roles.
  • Prices for different grades of gasoline and diesel rose by an average of 7.5% from midnight on Sunday, Clarin said, citing oil company YPF.
    • Gasoline price to rise an average of 8.5%, the Buenos Aires-based newspaper wrote.
  • The country will publish July trade data that will shed light on hard currency flows to the dollar-starved economy. Data is due at 2000BST/1500ET.
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