Bloomberg News

ARGENTINA DAYBOOK: Ternium Releases Third-Quarter Profits Report

November 02, 2011

Nov. 2 (Bloomberg) -- Ternium SA, Latin America’s second largest steelmaker, releases its third-quarter earnings report before markets open.

Argentina’s President Cristina Fernandez de Kirchner arrives in Cannes, France to attend the Group of 20 nations summit.

WHAT TO WATCH:

* Ternium SA holds a conference call with investors to discuss third-quarter earnings at 11 a.m. Buenos Aires time.

ECONOMY:

* Argentina’s tax revenue rose 32 percent in October from a year earlier to 47.6 billion pesos ($11 billion), the country’s tax agency said last night.

EQUITIES:

* The Merval Index dropped 4.9 percent to 2,762.03 yesterday, led by a 9.8 percent decline of Siderar SAIC.

MARKETS:

* The peso was little changed at 4.2373 per U.S. dollar. The currency has weakened 6.1 percent against the dollar this year.

--Editor: Richard Jarvie

To contact the reporter on this story: Eliana Raszewski in Buenos Aires at eraszewski@bloomberg.net

To contact the editor responsible for this story: Joshua Goodman at jgoodman19@bloomberg.net


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