News of economy

Argentine FX traders estimate US Treasury sold over $200 million

Today 19:05 US Treasury bought more pesos Friday than it had in any other session, traders estimate; Currency continued to lose value despite Washington's support.

CURRENCY WOES

Peso drops against dollar amid fresh US backing

Today 18:42 Argentina's peso has been fluctuating wildly ahead of next week's midterm elections next week, disrupting the savings and spending plans of locals who fear an imminent devaluation.

BOOKS & LITERATURE

Mariana Enríquez: Algorithms and AI are good breeding ground for literature

Today 18:06 Argentine author and journalist argues that artificial intelligence has the potential to reshape literature by expressing social inequalities and hidden fears.

MARKETS & FX

Peso slumps as US fails to dispel devaluation fear

Today 11:52 US Treasury Secretary Scott Bessent announces that the United States bought the currency Thursday on the parallel exchange rate known among investors as the “blue chip swap.”

CURRENCY INTERVENTION

Citi sells pesos to Fed as part of US Treasury’s rescue

Yesterday 23:32 Citigroup sold pesos to the US Federal Reserve on Thursday as part of Scott Bessent’s wide-ranging effort to buoy the currency and Javier Milei’s administration.

ANALYSIS

Argentines dump the peso, betting US rescue is doomed to fail

Yesterday 19:05 Argentines are convinced that even a flood of cash from the United States won’t be able to stop another painful devaluation of the peso.

BILATERAL TRADE TALKS

‘Very soon’ – Argentina’s ambassador to Washington on US trade deal

Yesterday 15:12 Alec Oxenford confirms trade agreement between Argentina and the United States; Milei’s envoy says “significant” accord is “culmination of months of intense diplomatic effort” and could be announced “very soon.”

POLITICS & ECONOMY

US$20bn currency swap could be agreed before midterms, says Bausili

Yesterday 01:31 Economy Minister Luis Caputo and Central Bank chief Santiago Bausili say landmark currency swap deal with Trump administration could be sealed before the October 26 midterms

by Santiago del Carril

ELECTION 2025: FX PREDICTION

Peso could tumble post-election, warns Morgan Stanley

15-10-2025 22:40 US investment bank outlined three scenarios depending on the outcome of the legislative vote – and predicts where the exchange rate will go.

MARKETS

Argentine assets swing on reports Bessent lining up more aid

15-10-2025 22:19 Markets react to news that US Treasury Secretary Scott Bessent is working on an additional US$20-billion facility from the private sector that would complement a currency swap line of similar size.

US BAILOUT OF ARGENTINA

Summers ‘nervous’ about Bessent’s novel rescue for Argentina

15-10-2025 22:08 Former US Treasury secretary Lawrence Summers is "withholding judgment" on Donald Trump administration’s rescue plan for Argentina.

FINANCIAL ASSISTANCE

Bessent: US working on new US$20-billion private-sector 'facility' for Argentina

15-10-2025 14:48 US Treasury Secretary Scott Bessent says he is working with private sector on another US$20-billion "facility" to support Argentina, bringing Washington's total promised assistance to US$40 billion.

ELECTIONS 2025

Santilli, Milei’s last-minute substitute, tries to clear ballot confusion

15-10-2025 14:23 Santilli, a lifetime politician who also once ran on a Peronist ticket, blames “political dinosaurs” for not letting the party put his face on a new ballot.

Run-off in Bolivia

After 20 years of socialism, Bolivia set for change with right-wing run-off

15-10-2025 11:08 Ex-president Jorge "Tuto" Quiroga and Senator Rodrigo Paz will go head-to-head in Bolivia's presidential run-off Sunday, with either hopeful likely to shift the nation's politics significantly to the right.

POLITICS & ECONOMY

Trump says ‘we’re gone’ if Milei loses vote, rattling market

14-10-2025 22:17 Donald Trump suggests US$20-billion lifeline for Argentina could be contingent on Javier Milei’s success in midterm elections, sending fresh jitters through currency market.

WHITE HOUSE TALKS

'If he loses, we are not going to be generous' – Trump says support is conditional

14-10-2025 22:09 "The situation is very clear: if the country strays from the path of freedom and returns to populism, the United States will stop supporting our country," warns President Milei in social media post.

GEOPOLITICS & DIPLOMACY

Trump says he’d be ‘very upset’ by Chinese military in Argentina

14-10-2025 21:58 Trump’s comments about Chinese activity in Argentina come as President Javier Milei visits the White House.

US-ARGENTINA SUPPORT

Caputo says US Treasury will continue to support peso

14-10-2025 21:54 US Treasury is still finalising details of the swap line, but a decision to make it available to Argentina has already been made, Caputo told reporters in Washington.

economic indicators

Inflation uptick continues, prices increased 2.2% in September

14-10-2025 16:41 Prices rose by more than 2% last month, with inflation now reaching 22% in the first nine months of the year; Hikes over the past year total 31.8%.

MILEI AT WHITE HOUSE

US President says he’ll discuss trade deal with Milei, defends lifeline

14-10-2025 16:04 US President Donald Trump says he will discuss a potential free-trade agreement with Argentina during White House talks with President Javier Milei.

MONETARY POLICY

Milei team sends mixed FX policy signals ahead of Trump meeting

14-10-2025 15:24 Since April, Argentina has let the peso float within a range as part of its agreement with the International Monetary Fund. However, authorities have intervened multiple times within the range.

US-ARGENTINA RELATIONS

Milei at White House: Trump says US help is dependent on win in midterms

14-10-2025 15:21 Argentina's president makes long-desired visit to White House, but US President Trump says Washington's help is dependent on who wins elections.

ENERGY & GAS

YPF chief projects US$300bn in exports from LNG deal with Italy’s Eni

14-10-2025 14:01 CEO Horacio Marín talks up recent agreement with Italian energy company, saying it could create 50,000 jobs; Deal to export liquefied natural gas (LNG) from Vaca Muerta will represent “biggest investment in Argentine history," claims President Milei.

ECONOMIC OUTLOOK

IMF downgrades Argentina 2025 growth forecast to 4.5%

14-10-2025 12:57 International Monetary Fund worsens outlook for Argentina, projecting lower growth and higher inflation; GDP to grow 4.5% this year, says multilateral lender, with inflation reaching 41.3%.

POLITICS & ECONOMY

Great expectations as Milei jets to Washington for Trump meeting

13-10-2025 22:39 President Javier Milei travels to Washington to meet Donald Trump with markets anticipating announcements and progress towards a trade deal.

POLITICS (& ENTERTAINMENT)

Doubts remain over who financed Milei’s ‘rock show’ at Movistar Arena

13-10-2025 22:30 Questions remain unanswered over who exactly funded Javier Milei’s recent “show” at the Movistar Arena. His presidential spokesperson says it was “a private rally, paid for by the publishers” of his new book, but how did a small publishing house afford to spend hundreds of thousands of dollars hiring a 15,000-capacity venue?

by Alejandro Gomel

US-ARGENTINA RELATIONS

Milei heads to White House for political, economic lifeline

13-10-2025 17:17 Argentina's president is banking on a high-profile show of political and economic support from his US ally President Donald Trump ahead of key midterm elections.

ECONOMIC OUTLOOK

IMF backs Argentina growth outlook as others trim forecasts

13-10-2025 15:54 International Monetary Fund retains projection of 5.5% increase in GDP this year; World Bank, OECD and FocusEconomics warn of slower growth, peso weakness despite early signs of stabilisation.

US-ARGENTINA SUPPORT

Caputo says US willing to keep buying pesos

13-10-2025 15:07 United States “is willing to continue buying pesos and bonds, and all options are on the table,” says Economy Minister Luis Caputo.

GEOPOLITICAL ROW

China accuses US of bullying after Bessent’s Argentina comments

12-10-2025 09:05 Beijing's Embassy in Buenos Aires accuses Washington of Cold War-era intervention in Latin America after US Treasury Secretary Scott Bessent suggests President Milei is “committed to getting China out.”

Analysis

Investment or political marketing? Analysing OpenAI’s Argentina announcement

11-10-2025 09:36 Announcement by President Javier Mileil’s government of plans to create a mega AI data centre in Patagonia raises questions about its feasibility and geopolitical aims.

TECH & INVESTMENT

OpenAI, Sur Energy to build massive AI data centre in Patagonia

10-10-2025 16:07 US tech firm OpenAI and Argentine firm Sur Energy sign letter of intent for US$25-billion investment in artificial intelligence; Companies plan joint venture to develop Stargate Argentina, a massive AI infrastructure project that will include a data centre in Patagonia.

US-ARGENTINA BAILOUT

Santander plays key role as US buys Argentine peso to back Milei

10-10-2025 13:48 When US Treasury Secretary Scott Bessent decided to buy Argentine pesos, it didn’t turn to a US bank.

US REACTION

Warren asks hedge fund group if it played Argentina bailout role

10-10-2025 13:44 Democratic US Senator Elizabeth Warren seeks information from hedge funds and asset managers over Washington's bailout of Argentina.

ANALYSIS

Bessent’s big gamble on Argentina has a narrow road to pay off

10-10-2025 10:01 For Scott Bessent’s US$20-billion bet on Argentina to pay off, a lot of things have to go right.

POLLING & SURVEYS

Trump lifeline does little to boost Milei with voters in Argentina

10-10-2025 09:47 Trump’s financial assistance for Argentina may be enough to shore up local markets, but it’s doing little to boost President Milei’s standing with voters.

WASHINGTON'S RESCUE PACKAGE

United States buys pesos, confirms US$20-billion lifeline for Milei

09-10-2025 18:26 Washington steps in to save Milei with direct purchase of pesos and a US$20-billion currency swap; US Treasury Secretary Scott Bessent ready to take “exceptional” measures to stabilise Argentina’s economy in the face of "acute illiquidity.”

CATHOLIC CHURCH

Pope Leo highlights poor and marginalised in first-ever text

09-10-2025 18:06 In the first major text of his papacy, Pope Leo calls for a focus on poverty, social justice, and challenges the marginalization of vulnerable communities.

AGRICULTURE & ECONOMY

La Niña forecast raises early alarm bells for Milei’s Argentina

09-10-2025 15:24 Alarm bells are ringing in Argentina, where La Niña can cause heat waves and droughts that affect the country's main soybean and corn crops.

CURRENCY TURBULENCE

Argentine rates exceed 80% as peso crisis sparks cash crunch

09-10-2025 13:06 Short-term interest rates soar as the Milei government steps up efforts to defend the peso.

INTERNATIONAL MONETARY FUND

IMF chief: Public support is crucial for Milei’s reform push

08-10-2025 18:07 With a US$20-billion swap with the United States reportedly under discussion, IMF reinforces that Milei government's reforms will falter without popular support.

MINING & INDUSTRY

McEwen sees copper investors resisting latest Argentina woes

08-10-2025 18:02 McEwen Copper releases feasibility study for Los Azules project in San Juan Province and is looking to go public early next year.

Currency woes

Milei’s dollar sales bolster the peso but stoke devaluation bets

08-10-2025 16:33 Investors are betting that President Javier Milei will devalue the peso after midterm elections this month.

$LIBRA CRYPTO SCANDAL

‘$LIBRA’ case: Prosecutor seeks probe of Javier and Karina's phones

08-10-2025 14:40 Federal prosecutor Eduardo Taiano has ordered an investigation into the communications of the President, his sister and others accused of promoting the alleged cryptocurrency fraud.

ANALYSIS: SHOCK THERAPY

Milei pulls out all stops in defence of fragile peso

08-10-2025 13:33 After burning through billions of dollars in reserves, Argentina’s government is getting creative and finding new alternatives to defend the peso.

RESERVES & CURRENCY WOES

Milei running short of dollars as Argentina awaits US lifeline

07-10-2025 16:14 Argentina’s Treasury is burning through its dollar deposits to prop up the peso, with traders estimating it has as little as US$700 million left in its coffers.

SOCIETY & SEX

Digital prostitution: Recession puts price on sex lives of youngsters

07-10-2025 15:42 Economic necessity and apps are acting as Argentina’s new “digital pimps.” Why growth of platforms like OnlyFans and Fansly is linked to global decline in sexual activity among young people. What the experts say and how the situation looks in Argentina.

ECONOMIC OUTLOOK

World Bank trims Argentina’s growth forecast to 4.6%

07-10-2025 13:37 Argentina’s economy will grow by 4.6 percent in 2025, predicts World Bank economists – above domestic projections; World Bank slightly raises growth forecast for wider Latin America region.

US-ARGENTINA RELATIONS

Bessent hosts Caputo as Argentina-US rescue talks begin

06-10-2025 22:41 US Treasury official highlights “productive” talks as negotiations over fresh funds for Milei government continue; Argentina’s economy minister also meets IMF chief Kristalina Georgieva.

TRUMP’S TRADE WAR

Brazil's Lula asks Trump to remove tariffs in 'friendly' phone call

06-10-2025 19:05 Two leaders share "friendly" 30-minute call in first talks since trade war row in part spurred by conviction of ex-president Bolsonaro.

News of economy

Argentine FX traders estimate US Treasury sold over $200 million

Peso drops against dollar amid fresh US backing

Mariana Enríquez: Algorithms and AI are good breeding ground for literature

Peso slumps as US fails to dispel devaluation fear

Citi sells pesos to Fed as part of US Treasury’s rescue

Argentines dump the peso, betting US rescue is doomed to fail

‘Very soon’ – Argentina’s ambassador to Washington on US trade deal

US$20bn currency swap could be agreed before midterms, says Bausili

Peso could tumble post-election, warns Morgan Stanley

Argentine assets swing on reports Bessent lining up more aid

Summers ‘nervous’ about Bessent’s novel rescue for Argentina

Bessent: US working on new US$20-billion private-sector 'facility' for Argentina

Santilli, Milei’s last-minute substitute, tries to clear ballot confusion

After 20 years of socialism, Bolivia set for change with right-wing run-off

Trump says ‘we’re gone’ if Milei loses vote, rattling market

'If he loses, we are not going to be generous' – Trump says support is conditional

Trump says he’d be ‘very upset’ by Chinese military in Argentina

Caputo says US Treasury will continue to support peso

Inflation uptick continues, prices increased 2.2% in September

US President says he’ll discuss trade deal with Milei, defends lifeline

Milei team sends mixed FX policy signals ahead of Trump meeting

Milei at White House: Trump says US help is dependent on win in midterms

YPF chief projects US$300bn in exports from LNG deal with Italy’s Eni

IMF downgrades Argentina 2025 growth forecast to 4.5%

Great expectations as Milei jets to Washington for Trump meeting

Doubts remain over who financed Milei’s ‘rock show’ at Movistar Arena

Milei heads to White House for political, economic lifeline

IMF backs Argentina growth outlook as others trim forecasts

Caputo says US willing to keep buying pesos

China accuses US of bullying after Bessent’s Argentina comments

Investment or political marketing? Analysing OpenAI’s Argentina announcement

OpenAI, Sur Energy to build massive AI data centre in Patagonia

Santander plays key role as US buys Argentine peso to back Milei

Warren asks hedge fund group if it played Argentina bailout role

Bessent’s big gamble on Argentina has a narrow road to pay off

Trump lifeline does little to boost Milei with voters in Argentina

United States buys pesos, confirms US$20-billion lifeline for Milei

Pope Leo highlights poor and marginalised in first-ever text

La Niña forecast raises early alarm bells for Milei’s Argentina

Argentine rates exceed 80% as peso crisis sparks cash crunch

IMF chief: Public support is crucial for Milei’s reform push

McEwen sees copper investors resisting latest Argentina woes

Milei’s dollar sales bolster the peso but stoke devaluation bets

‘$LIBRA’ case: Prosecutor seeks probe of Javier and Karina's phones

Milei pulls out all stops in defence of fragile peso

Milei running short of dollars as Argentina awaits US lifeline

Digital prostitution: Recession puts price on sex lives of youngsters

World Bank trims Argentina’s growth forecast to 4.6%

Bessent hosts Caputo as Argentina-US rescue talks begin

Brazil's Lula asks Trump to remove tariffs in 'friendly' phone call

Argentina peso slumps as US fails to dispel devaluation fear

Top Milei candidate in midterms says Peronist voters have ‘a mental illness’

Argentina need real tests ahead of World Cup defence

Argentina's peso drops against dollar amid fresh US backing

Venezuela VP denies alleged talks with United States on removing Maduro

Cuando el doble femicida Laurta fue detenido el año pasado, la pericia arrojó que “no era peligroso”

ANSES confirmó los nuevos montos de jubilaciones y pensiones: cuánto cobran en noviembre 2025

Encuesta nacional: La Libertad Avanza y Fuerza Patria polarizan y se disputan el electorado: 37,1% a 32,2%

Las billeteras virtuales están ofreciendo rendimientos que alcanzan el 75% anual

Sturzenegger insultó a los argentinos ante empresarios en el Coloquio de IDEA: "Somos unos pelotudos"