Bolsa de Comercio de Buenos Aires Last Week: Merval Rebounds, but Oil Shock and Inflation Loom

Telecom Argentina S.A.'s U.S.-listed ADRs, which track the company's Argentine shares, jumped 11.7% to $12.57 Thursday afternoon.The surge came after a filing revealed Banco Macro plans to invest the peso equivalent of $75 million in Micro Sistemas, the operator behind its Personal Pay digital wallet, in exchange for a 50% stake—pending antitrust approval.The stock hit $12.91, with trading volume running more than twice its three-month average. Year to date, it’s gained roughly 9%.