ENERGY & GAS Power producers seek better terms for US$2-billion Argentina debt Today 15:46 Privately-run power producers Pampa Energía SA and Central Puerto SA will reject the government's current offer to settle a US$2-billion debt.
BUSINESS & INVESTMENT Goldman, Stone Harbor wind back Argentina bets after bond rally Today 11:49 Investors who rode an eye-popping rally in Argentina’s sovereign debt this year are starting to pull back.
ECONOMIC POLICY Milei government hikes taxes on dividends going abroad Yesterday 23:57 President Javier Milei extends so-called 'PAÍS tax' (Para una Argentina Inclusiva y Solidaria) to the purchase of foreign currency for sending dividends abroad.
BILLS, BILLS, BILLS 10,000-peso banknote enters into circulation Yesterday 22:10 In a move that recognises runaway inflation of almost 290 percent, Argentina launches a new high-denomination banknote of 10,000 pesos – worth around US$11.
MILEI IN AMERICA Milei to business community: Argentina can be ‘new Mecca of the West’ 06-05-2024 21:45 President Javier Milei asks investors and entrepreneurs to bet on Argentina during speech at Milken Institute’s Global Conference in Los Angeles.
COURT CHALLENGE Banks accuse MercadoLibre’s fintech arm of ‘abusive conduct’ 06-05-2024 19:42 Argentine banks file legal complaint against MercadoLibre for alleged “abusive conduct” on its digital payments platform, ratcheting up more pressure on the company after new Central Bank regulations imposed key changes on the fintech sector.
BUSINESS & INVESTMENT Power supplier Central Puerto eyes stake in McEwen’s copper project 06-05-2024 14:57 Central Puerto SA, Argentina’s biggest power supplier, is in talks to invest in Canadian miner McEwen Copper Inc’s Los Azules project.
LABOUR UNREST Unions ramp up protests against Milei’s labour reforms 06-05-2024 14:30 Workers' assemblies complicate transport in and around Buenos Aires, with social groups set to demonstrate on Tuesday and the CGT's nationwide strike scheduled for Thursday.
STATE NEWS AGENCY Milei government shutters Télam's provincial outposts 05-05-2024 16:27 Government moves ahead with "operational closure of correspondents" in 11 of the 23 provinces nationwideand the capital where the state news agency operates.
INTERVIEW / PERIODISMO PURO Emilio Monzó: ‘Today fear is so strong that it has wiped out leaders with identity’ 04-05-2024 06:38 Ex-lower house speaker and national deputy for Buenos Aires Province on the first 100 days of President Javier Milei’s government, the future of Juntos por el Cambio and why the state isn’t a criminal enterprise. by Jorge Fontevecchia
EDITORIAL Loading the bases 04-05-2024 05:43 With a government yet to complete its first 150 days and Senate passage of Milei’s mega-law still lying ahead, we are not even at the end of the beginning.
Analysing Argentina The dawn of a new Milei? 04-05-2024 05:40 Javier Milei has come to terms with the idea that he cannot continue to go it alone with his reform programme by Marcelo J. Garcia
POLITICS – ANALYSIS Milei’s calculated risks 04-05-2024 05:27 It’s not the first time Milei has decided to play ball and look for support beyond the tight borders of his La Libertad Avanza coalition. It shouldn’t be read purely as a strategic change – rather a tactical manoeuvre. by Agustino Fontevecchia
BUSINESS & INVESTMENT MercadoLibre weathers Argentina tumult with Mexico, Brazil gains 02-05-2024 20:21 MercadoLibre saw its profit surge in the first quarter, with strong growth in Brazil and Mexico helping offset the hit from Argentina’s currency devaluation.
CONGRESS & POLITICS Attention turns to upper house as senators await omnibus bill 02-05-2024 18:09 La Libertad Avanza begins plotting path of Javier Milei’s omnibus bill and accompanying fiscal package through upper chamber.
BLOOMBERG City officials to meet investors as Buenos Aires weighs global bond sale 02-05-2024 16:40 Officials from Buenos Aires City government will meet with global investors next week as it explores selling overseas dollar bonds for the first time in eight years.
INTEREST RATES Central Bank cuts rates to 50% as Milei wrestles inflation down 02-05-2024 14:04 Central Bank cuts key interest rate for the third time in three weeks as officials bet on a sustained slowdown in consumer prices.
International workers' day Thousands march on Workers' Day, voicing opposition to Milei's labour reform 02-05-2024 00:31 CGT mobilises and marches with criticism of the government and confirms general strike for next Thursday; United left-wing groups stage rally in Plaza de Mayo.
OPINION & ANALYSIS Milei finally discovers politics 01-05-2024 22:33 President Milei appealed to dialogue and negotiation and obtained his first parliamentary triumph with the approval of his ‘Ley de Bases’ bill and accompanying fiscal package. The head of state has to persuade people of his ability to govern while in a minority. He is being watched by audiences in Washington and Beijing. by Walter Curia
CONGRESS & POLITICS Omnibus bill backing opens door to privatisation of state firms, labour reform 30-04-2024 14:22 Lawmakers in lower house back key chapters of President Milei's reform bill, opening door to labour reform and the privatisation of state firms – provided Senate gives its backing.
CONGRESS & POLITICS Milei wins key lower house support for Argentina’s reforms 30-04-2024 13:25 Lawmakers approve expanded executive powers on administrative, financial, economic and energy matters, as well as the ability to dissolve dozens of special-purpose federal government funds.
AGRICULTURE & ECONOMY Soybean crushers strike just as harvest gathers pace 29-04-2024 17:54 Workers at soy-processing plants have gone on strike just as farmers are collecting the crop.
ECONOMIC OUTLOOK Argentina’s monthly CPI to fall below 10% in April, Milei says 29-04-2024 11:24 Monthly inflation in Argentina could fall below 10% in April, President Javier Milei said Sunday in a phone interview.
Former president speaks out Fernández de Kirchner accuses Milei of subjecting Argentines to ‘pointless sacrifice’ 28-04-2024 09:25 Cristina Fernández de Kirchner returns to political scene, slamming the "anarcho-colonialism" of Javier Milei's political project and accusing the President of submitting Argentines to a "pointless sacrifice."
Analysing Argentina Five dogs and a million reds 27-04-2024 05:43 The government puts itself at risk by acting as if everything the President says is true, while Milei runs the risk of believing everything he sees on his social media feed. by Marcelo J. Garcia
INTERVIEW / PERIODISMO PURO Jorge Lanata: ‘President Milei has the right to speak and criticise, but not to say just anything’ 27-04-2024 05:15 One of Argentina’s most important journalists on his court case against President Javier Milei, pro-government reporters, the challenges facing the media and the nation’s new political order. by Jorge Fontevecchia
POLITICS – ANALYSIS The first ‘real world’ punch for Javier Milei 27-04-2024 05:00 The government’s response to the march in defence of the public university system was similar to their usual approach, but the impact wasn’t the same – the social agenda appears to have finally sided against Milei on a major issue. by Agustino Fontevecchia
Foreign relations & diplomacy Top officials to meet People's Bank of China chief amid swap talks 26-04-2024 17:20 Argentina’s Central Bank Governor Santiago Bausili and Finance Secretary Pablo Quirno are scheduled to meet with People’s Bank of China Governor Pan Gongsheng in Beijing on Monday.
CURRENCY CONTROLS Argentina to offer bonds in first step to lift currency controls 26-04-2024 13:33 President Javier Milei's government readying a new instrument to allow companies to send dividends abroad, a first step to lift a cobweb of restrictions in its foreign-exchange market.
BLOOMBERG – ANALYSIS Milei sparks wild rally that makes peso number one in the world 25-04-2024 15:17 Four months into office, President Javier Milei has pulled off a critical feat in a country long ravaged by runaway inflation: stabilising Argentina's currency.
INTEREST RATES CUT Central Bank lowers key rate to 60% 25-04-2024 15:07 Policymakers at Argentina’s Central Bank lower interest rates to 60% from 70% as officials bet on a sustained slowdown of inflation.
PRODUCTION & INDUSTRY Industry on the ropes: Tough times for factories as consumers cut back 24-04-2024 17:24 Factories are on the ropes between adjustment and recession in Argentina. Representatives of small- and medium-sized enterprises (SMEs, or PyMES) warn drop in consumption is threatening the future of industry.
ECONOMIC OUTLOOK Milei’s team sees inflation slowing faster than economist survey 24-04-2024 12:04 President Javier Milei’s economic team sees monthly inflation slowing much faster this year than analysts anticipate.
Marcha Federal Universitaria Massive crowds march against Milei’s cuts to state universities 23-04-2024 21:08 Large crowds turn out nationwide for march in defence of universities and state education; One of biggest rallies yet of President Javier Milei's government, with estimates ranging from 100,000 to half a million.
ECONOMIC INDICATORS Economy slumped for fourth straight month in February 23-04-2024 20:18 Economic activity fell 3.2% in February from a year ago, a fourth straight monthly decline. On a monthly basis, activity declined 0.2%, according to government data.
CADENA NACIONAL BROADCAST Milei trumpets quarterly budget surplus in TV address 23-04-2024 10:49 President announces Argentina’s first quarterly fiscal surplus since 2008 during a televised speech, promising his commitment to eliminating deficits wouldn’t waver throughout his term.
POLITICS & ECONOMY 'The last stretch': Milei praises 'heroic' effort in prime-time address 22-04-2024 22:08 President uses prime-time broadcast to highlight first quarterly budget surplus since 2008. "This is the last stretch of a heroic effort," Milei tells nationwide.
BUSINESS & INVESTMENT Oil driller PAE pitches investors on global bond deal 22-04-2024 21:11 Pan American Energy, one of Argentina’s largest crude exporters, is meeting with investors this week to gauge demand for a global bond sale.
STATE ENERGY FIRM Burford seeks Argentina’s YPF stake to pay US$16-billion award 22-04-2024 20:29 Burford Capital asks US judge to grant it controlling 51% stake in YPF as part of its effort to collect on a US$16-billion court judegment.
SURVEY SAYS Poll: Milei retaining support despite complaints over dengue, education 22-04-2024 13:23 New survey by Opina Argentina shows President Milei retains 49% approval rating, despite anger at weakening of pensions, attack on universities and response to dengue fever outbreak.
ECONOMIC ASSESSMENT IMF: Argentina meeting programme targets by ‘significant margins’ 22-04-2024 11:53 Milei’s stabilisation plan "has yielded better results than we expected in our last programme review," says Rodrigo Valdés, IMF's director for Latin America and the Caribbean.
POLITICS & ECONOMY Milei to hail fiscal surplus in prime-time address 22-04-2024 11:00 President Javier Milei set to address the nation tonight in a prime-time ‘Cadena Nacional’ national broadcast, during which he hail his government’s progress on balancing Argentina’s books.
EDITORIAL Pre-paid or re-paid? 20-04-2024 05:14 Subordinating medical fees to the dictates of a usually populist government did not work since it placed pricing hopelessly out of sync with the costs, but the naïve faith that the market could correct the damage of years in three months was a non-starter.
CONGRESS & POLITICS Senators raise their own pay as Argentines cope with hardship 19-04-2024 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 19-04-2024 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 19-04-2024 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 18-04-2024 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 18-04-2024 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 18-04-2024 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 18-04-2024 15:51 Kristalina Georgieva, the head of the International Monetary Fund, says "inflation is coming down faster than expected" in Argentina.