CONGRESS & POLITICS Senators raise their own pay as Argentines cope with hardship Today 22:41 Senators vote by a show of hands to raise their own salaries by 170%, while half of their compatriots live in poverty.
EDUCATION UBA students and teachers demonstrate against Milei's cutbacks Today 10:25 Students and teachers of the University of Buenos Aires protested with public classes in the street and symbolic embraces of buildings against the government’s drastic austerity.
POLITICS & ECONOMY Caputo looks for funds for Argentina in Washington Today 00:07 Economy Minister Luis Caputo is on the search for funds in Washington, seeking the US$15 billion President Javier Milei says Argentina needs to remove currency controls.
RELATIONS WITH CHINA Central Bank chief Bausili among top officials headed to China Yesterday 18:02 Top government officials are preparing to visit China in the next few weeks as President Javier Milei ditches his aggressive rhetoric against Beijing in a bid to deepen ties with a key trade partner.
NO HAY PLATA? Rebellion in Senate: Pay increase passed by show of hands and without debate Yesterday 17:40 Milei lashes out via social networks after senators vote to approve pay increase; "2025 will see a historic hiding" for the caste, says President.
BUSINESS & INVESTMENT Mercado Libre to recruit 18,000 more staff in Latin America this year Yesterday 16:25 Mercado Libre announced “the hiring of 18,000 people in the region, which will increase its payroll to over 76,000 by the end of 2024”, the company said in a press release.
INTERNATIONAL MONETARY FUND Inflation falling ‘a little faster than expected,’ says Georgieva Yesterday 15:51 Kristalina Georgieva, the head of the International Monetary Fund, says "inflation is coming down faster than expected" in Argentina.
BLOOMBERG Caputo speech at JPMorgan event helps propel Argentine bonds Yesterday 13:18 Argentina won’t lift capital controls until international reserves are high enough to safeguard against a potential currency run, Luis Caputo tells investors.
HEALTH & ECONOMY Government intervenes to halt private health scheme price surge 17-04-2024 17:21 Free-market Milei administration uses state power to challenge firms and announces most prepaid health schemes are rolling back runaway price increases; "The Argentina of wise guys is over," declares presidential spokesman Manuel Adorni.
agriculture & economy Bug plagues crops in setback for Milei’s recovery plan 17-04-2024 16:49 Argentina corn farmers had high hopes for this season’s harvest. Now a bug is getting in the way.
BUSINESS & INVESTMENT Top CEOs to heap praise on Milei at Patagonia retreat 17-04-2024 13:18 Elsztain will host president at exclusive Bariloche event; IRSA starting construction on biggest project in its history
ECONOMIC INDICATORS Beef consumption fell to historic low in first quarter 16-04-2024 20:21 Beef sales hit a historic low in the first quarter of 2024 amid a heavy drop in consumption, falling to their lowest level in three decades.
ECONOMIC OUTLOOK IMF improves inflation projection: 150% this year, but 45% in 2025 16-04-2024 15:44 Latest 'World Economic Outlook' report predicts Argentina’s GDP will contract by 2.8% this. Milei’s "shock plan" will impact economy, arriving hand-in-hand with recession, says Fund.
FOREIGN POLICY & DIPLOMACY Mondino warms ties with Brazil, but no Milei-Lula meet on cards 16-04-2024 13:10 "The possibility of a presidential meeting is always present. And we hope that at some point it will happen," Argentina's Foreign Minister Diana Mondino declares after visit to Brasília.
DEFENCE SPENDING Petri hails Milei's leadership as he inks deal for F-16 jets in Denmark 16-04-2024 12:52 Argentina’s Defence Minister offers gushing praise for President Javier Milei as he visits a Danish air base to finalise future purchase of 24 F-16 fighter jets from Denmark.
FOREIGN POLICY & DIPLOMACY Mondino says Argentina will ‘never interfere' in Brazil’s affairs 15-04-2024 17:06 Foreign Minister Diana Mondino denies reports that President Javier Milei will mediate in Elon Musk’s row with Brazilian Judiciary, declaring that Argentina would “never interfere” in another nation's affairs.
Bloomberg Inflation near 300% wipes out tourists’ deep discounts 13-04-2024 17:13 Surging inflation threatens to crimp a key source of tourism revenue as foreigners opt for other destinations.
AGRICULTURE & ECONOMY World’s top fertiliser maker plans exit from Argentina, Chile 13-04-2024 16:59 Nutrien, the world’s largest maker of fertilisers, says it is looking to sell its retail operations in Argentina, Chile and Uruguay.
Editorial The medium as the message 13-04-2024 05:54 Milei is the leader of a pack which competes to be the most outrageous but this week he seems to have been trumped by an underling: Alberto ‘Bertie’ Benegas Lynch.
INTERVIEW / PERIODISMO PURO Guillermo Dietrich: ‘I’m backing this government all I can so that it does well’ 13-04-2024 05:47 Former transport minister and close ally of Mauricio Macri on the Milei government, state companies and Juntos por el Cambio. by Jorge Fontevecchia
ECONOMIC INDICATORS Inflation slowed to 11% in March, annual rate hits 287% 12-04-2024 16:56 Consumer price hikes continue to slow, but remain in double digits. Education records highest increases, rising 52.7 percent as increases as new school year begins.
BLOOMBERG - ANALYSIS Monthly inflation slowed more than expected in March 12-04-2024 16:35 Monthly inflation in Argentina slowed more than expected in March, cooling for the third straight month.
MILEI MEETS MUSK President Milei meets Elon Musk at Tesla factory in Austin 12-04-2024 14:52 Argentina’s President flies from Miami to Texas for a meeting with SpaceX boss Elon Musk at his Telsa factory in Austin; X owner gives Javier Milei tour of building as photos of encounter go viral online.
Bloomberg Tech giant with 30,000 employees has no return-to-office policy 12-04-2024 14:17 Software company Globant SA’s sleek office in downtown Buenos Aires are quite the attraction, but Chief Executive Officer Martin Migoya is choosing not to adopt a return-to-office policy for his nearly 30,000 employees across 33 countries.
BLOOMBERG Real-estate mogul eyes ‘city-towns’ from Patagonia to Paraguay 12-04-2024 10:33 Eduardo Costantini, Argentine real-estate mogul who popularised gated community concept, plans to spend up to US$1.5 billion developing more in new areas.
ECONOMIC INDICATORS Central Bank cuts interest rate to 70%, markets see inflation easing 12-04-2024 10:22 Argentina’s Central Bank cuts main interest rate to 70% from 80% – the third time since President Javier Milei took office.
SOCIAL UNREST Eleven arrests as police crack down on protesters in Buenos Aires 10-04-2024 16:28 Police water cannons, tear gas and rubber bullets to break up a temporary blockade of Avenida 9 de Julia.
BLOOMBERG – ANALYSIS HSBC joins firms exiting Argentina amid Milei's economic makeover 10-04-2024 15:24 Foreign companies reluctance contrasts with local optimism; Exxon and Clorox decided to divest investments in Argentina.
BLOOMBERG – ANALYSIS Milei seeks second chance from Congress with scaled-back reform 10-04-2024 14:53 Government is circulating trimmed down draft version of its sweeping reform bill to lawmakers as Milei seeks to overhaul economy.
HEALTH & ECONOMY Argentina is running out of bug spray amid record dengue surge 10-04-2024 10:08 Bug spray is out of stock as Argentina confronts its worst-ever outbreak of dengue, a mosquito-borne illness that’s surged across Latin America amid high heat and heavy rains.
INTERNATIONAL MONETARY FUND IMF faces pressure to cut billions in fees for large borrowers 09-04-2024 16:51 IMF releases statement saying that “a number” of its board members were open to reviewing policies around surcharges, a move that could benefit Argentina, among other nations.
MUTUAL APPRECIATION SOCIETY President Milei to meet Elon Musk at Tesla factory in Texas 09-04-2024 12:59 After months of online flattery and praise, Argentina’s self-proclaimed “anarcho-capitalist” head of state will finally meet billionaire businessman Elon Musk in-person at Tesla’s factory in Austin, Texas.
BANKING & BUSINESS HSBC sells Argentina division to Banco Galicia for US$550 million 09-04-2024 12:12 HSBC will sell its Argentina operation to Grupo Financiero Galicia for US$550 million, subject to price adjustments. Deal includes all of HSBC Argentina’s business, which ranges from banking to asset management and insurance, as well as US$100 million of subordinated debt.
Editorial Mixed messages 06-04-2024 06:29 While Argentina’s government has turned full circle between the two Easters from leftist populism to far right devotees of the market calling themselves libertarians, inflation persists as the basic fact of life .
POLITICS – ANALYSIS Attitudinal shifts and the risks of upheaval 06-04-2024 06:24 Milei’s “negative rhetoric,” sustained by his synthetic power, is useful in setting the agenda, but it doesn’t put food on the table. by Agustino Fontevecchia
INTERVIEW / PERIODISMO PURO Martín Lousteau: ‘I’m not afraid of leaders with an authoritarian streak’ 06-04-2024 06:09 Senator and UCR chair on why the mega DNU emergency decree was unconstitutional, President Milei’s economic plan and Radical renewal. by Jorge Fontevecchia
BLOOMBERG INTERVIEW Giving up China is hard, even for Argentina’s anarcho-capitalist 05-04-2024 13:40 President Javier Milei is taking a softer tone than he did as a candidate, saying he won’t touch existing trade agreements with Beijing.
BLOOMBERG INTERVIEW Milei sees long slog ahead to bring Argentina reforms he pledged 05-04-2024 11:14 While Milei made shutting down the Central Bank and dollarising the economy centrepieces of his political campaign, he acknowledges plans are going to take a lot longer than he expected.
BLOOMBERG INTERVIEW Milei talks up his peso plans, China, Trump and Israel 05-04-2024 09:44 Libertarian leader discusses fiscal and monetary plans, his approach to one of his country’s biggest trading partners and creditors, and much more in interview with Bloomberg News Editor-in-Chief John Micklethwait.
POLITICS & ECONOMY Juntos por el Cambio governors to back ‘omnibus’ bill, fiscal package 04-04-2024 21:35 Interior Minister Guillermo Francos and Cabinet Chief Nicolás Posse lead talks over the so-called ‘Ley de Bases,’ potentially brokering a deal to see its passage through Congress.
INTERNATIONAL MONETARY FUND IMF hails Argentina’s ‘impressive’ progress under Milei 04-04-2024 19:27 Progress made by Milei administration is "impressive" but "the road to stabilisation is never easy," says IMF Communications Director Julie Kozack.
International Monetary Fund IMF chief Georgieva sole candidate in re-election process 04-04-2024 16:29 IMF Manging Director Kristalina Georgieva poised for a second term as nominations close.
BLOOMBERG – ANALYSIS Milei races against time to ease pain unleashed by shock therapy 03-04-2024 12:03 Argentina’s president, who won last November’s run-off with 56% of the vote, is in a race against time to bring inflation back down and hold on to that popularity.
POLITICS Short-stay: More than 30 officials have left Milei’s government 02-04-2024 15:34 The product of resignations and dismissals, President Javier Milei’s government has lost more than 30 officials since taking office. Heavyweight departures include Infrastructure Minister Guillermo Ferraro, ANSES chief Osvaldo Giordano and Labour Secretary Omar Yasín.
US COURT RULING Argentina defeats hedge fund suits over GDP-linked securities 01-04-2024 15:46 Argentina victorious as judge rejects claim by Aurelius Capital Management and other hedge funds seeking payment on securities tied to economic performance.
DOLLARISATION ON THE CARDS? Milei doesn’t see Argentina dollarising before midterm vote 01-04-2024 09:33 “I don’t think we’ll get there before next year’s mid-term elections," declares president in TV interview with CNN en Español.
FEATURE Poverty, marginalisation, cocaine: Gangs find lucrative combo 30-03-2024 06:48 Argentina's economy is in intensive care. Financial stagnation, coupled with record inflation and the slashing of public spending have resulted in rising poverty and marginalisation. But in every crisis some see opportunity, and this time, it is crime groups. With drug-trafficking expanding in the barrios, analysts warn of new complex dynamics in the long run. by Josefina Salomon*, In.Visibles
EDITORIAL The forces of Earth 30-03-2024 05:15 All the suffering of Good Friday was followed by Resurrection Sunday but can we be sure of the same sequence for Argentina?
ANALYSIS Lula-Milei clash embodies world’s competing economic views 28-03-2024 17:25 There are few presidents in the world today with more radically different economic models than Argentina’s Javier Milei and Brazil’s Luiz Inácio Lula da Silva.
FOREIGN POLICY & DIPLOMACY Colombia expels Argentine diplomats amid row with Milei 28-03-2024 01:22 Colombia orders expulsion of Argentine diplomats after President Javier Milei describes his counterpart Gustavo Petro as a "terrorist" and "murderer."