Argentina renews $5 billion swap with China in much-needed FX boost

Argentina renewed a $5 billion activated swap line with China for another year, the South American nation's central bank said on Thursday, shoring up dwindling foreign reserves as even more funds from the International Monetary Fund could soon pour in. Argentina has long held the $18 billion swap line with China, though the activated portion for $5 billion was set to wind down by June. The activated line will be renewed in full through mid-2026. Without an extension, the Latin American nation would have faced billions of dollars in repayments in coming months, a headache for libertarian President Javier Milei....