EU-MERCOSUR TRADE DEAL France seeks to rope in Poland to block EU-Mercosur free-trade deal 08-11-2024 19:40 France is hoping to persuade Poland into joining forces to block a sweeping trade deal between the European Union and Latin America’s Mercosur bloc.
ypf nationalisation case Burford open to Argentine bonds for US$16-billion judgement 08-11-2024 19:36 Burford Capital, which won a US$16-billion judgement against Argentina over its nationalisation of energy firm YPF SA more than a decade ago are open to receiving payment in bonds instead of cash.
ENERGY & GAS YPF in talks with supermajors for equity in Argentina LNG plant 08-11-2024 19:02 State-run YPF is in talks with global supermajors to become equity partners in its LNG export project.
ECONOMIC OUTLOOK Argentina’s recession ‘is over,’ Milei tells business leaders 08-11-2024 14:49 “The recession is over. We are emerging from the desert," President Milei tells business leaders at event in Buenos Aires.
TELECOMMUNICATIONS Telecentro seeks US$400 million in financing for ‘strategic transformation’ 07-11-2024 15:16 Telecentro seeks US$400 million in financing to upgrade its HFC network to fibre optic and expand territorial presence.
BUSINESS & INVESTMENT Trump and Argentina – Business leaders hope political affinity will pay off 07-11-2024 00:25 Despite uncertainty about the overhaul of the United States economy and its impact on domestic business, business leaders hope election of Republican leader will lead to commercial resurgence. by Ariel Maciel
ECONOMIC REPERCUSSIONS Dollars, IMF, cepo – Economy Ministry’s expectations after Trump triumph 06-11-2024 23:59 The government is betting on ideological overlap between Milei and Trump helping Argentina to obtain the financing required to face the need for dollars. by Ezequiel Orlando
BUSINESS & INVESTMENT BP venture eyes investment to make green jet fuel in Argentina 06-11-2024 11:40 The Pan American Energy Group is mulling an investment to make clean jet fuel at its refinery outside Buenos Aires.
POLITICS – ANALYSIS Foreign Ministry set to meet chainsaw after Mondino's failure to cut costs 05-11-2024 10:32 The now former foreign minister not only displeased President Milei, she also failed to cut costs. Mondino’s lack of budget-slashing means La Libertad Avanza’s chainsaw will now descend on the Palacio San Martín. by Juan Pablo Kavanagh
Analysing Argentina Milei’s magical thinking about a Trump victory 02-11-2024 07:38 Argentina — or Latin America, for that matter — will not be an immediate priority for any incoming US administration, though Milei may leverage his ideological rapport with a potential President Trump. by Marcelo J. García
POLITICS The 'Caputo Clan': A family linked to politics and power 02-11-2024 07:36 The Caputo family has been involved in Argentina's politics for some time, though its most recent star, presidential advisor Santiago Caputo, was an unknown until Javier Milei rose to office. A look at the family tree of a clan long linked to politics and power. by Giselle Leclercq
MONETARY POLICY Central Bank lowers benchmark rate to 35% from 40% 01-11-2024 12:46 Argentina’s Central Bank lowers benchmark interest rate for the first time in nearly six months.
aviation sector JetSMART adds to Argentina fleet as Milei opens up the skies 01-11-2024 12:40 Low-cost carrier JetSMART is increasing its fleet of planes in Argentina as President Milei seeks to deregulate the aviation industry and dismantle Aerolíneas Argentinas' domestic dominance.
Labour tensions Unions stage massive transport strike to pressure Milei 30-10-2024 22:00 More than a million passengers affected by massive union-led strike; Over 1,800 trains, 260 flights cancelled as most transport adheres, with only buses left running.
EU-MERCOSUR TRADE DEAL Delayed, stalled... but is EU-Mercosur free-trade deal imminent? 30-10-2024 19:58 Rumours are growing that the long-stalled, much-awaited free-trade deal between the European Union and Mercosur could be announced before the end of the year, perhaps even at next month's G20 summit in Brazil.
CENTRAL BANK MANOUEVRES Milei taps unseasonal source in search of dollars 30-10-2024 10:06 Faced by a shortage of foreign reserves, the Central Bank is turning to an unusual source of funding for this time of year: a risky trade by crop exporters.
Labour unrest Labour tensions erupt as Milei faces three strikes in a week 29-10-2024 21:18 Three strikes this week as union leaders ramp up pressure on President Javier Milei's government. First state workers walk off jobs, followed by transport strikes on consecutive days.
BUSINESS & INVESTMENT Milei’s revamp offers CEOs a glimmer of optimism about Argentina 29-10-2024 11:17 Business leaders say they're feeling encouraged about Argentina for the first time in years.
MARKETS Argentine debt rises out of distress territory on Milei reforms 28-10-2024 11:36 Prices for some of Argentina’s sovereign notes have soared to their highest levels since they were issued in a 2020 restructuring.
ANALYSING ARGENTINA The Caputos spread their tentacles over the Mileis 26-10-2024 05:37 Not so long ago, two Caputos in Milei's inner circle seemed one too many. But now, Santiago and Luis Caputo are working closely in tandem. by Marcelo J. García
STATE SELL OFF Government to auction off more than 400 state properties 25-10-2024 22:14 Argentina’s government will put 400 properties up for auction in a bid to raise some US$800 million. Properties are either not being used, in bad condition or have large maintenance costs for the state.
EU-MERCOSUR TRADE DEAL French minister talks down rumours of imminent EU-Mercosur trade agreement 25-10-2024 21:03 French Minister for Foreign Trade Sophie Primas has revealed to AFP the possibility of an agreement in the coming weeks
IMF PROGRAMME IMF confirms Argentina ‘exploring’ new financing programme 25-10-2024 17:26 Argentina’s government is “exploring options” for a new financing programme with the International Monetary Fund, confirms top official.
IMF DEBT PROGRAMME Argentina’s quest for more IMF money stalls on currency controls 25-10-2024 16:36 Argentina wants a fresh injection of money to lift controls without worrying about a currency sell-off. But the IMF doesn’t want its resources used to artificially prop up a currency, like Argentina has done so many times before.
GOVERNMENT SEEKING FUNDS Argentina’s bonds rally as country seeks US$2.7 billion repo line 25-10-2024 11:29 Argentina’s bond prices increased amid reports that the government is negotiating a $2.7 billion, three-year credit line with banks to cover debt obligations due in January.
INTERNATIONAL ASSESSMENT Argentina dodges FATF money-laundering ‘grey list’ 24-10-2024 18:44 Financial Action Task Force money-laundering watchdog approves report on Argentina and Milei government avoids possible sanctions which might have placed investments at risk.
Lihtium in Argentina Eramet buys out Tsingshan from Argentina lithium project 24-10-2024 17:50 French miner Eramet SA to buy back Tsingshan Holding Group Co’s stake in an Argentinian lithium project
GEOPOLITICS Brazil reluctant to pick between US and China in polarised world 23-10-2024 23:38 Brazilian leaders are walking a fine diplomatic line to appeal to both the US and China and shield their nation from any potential blowback in an increasingly polarised world.
POLITICS & ECONOMY Argentina seeks US$2.7-billion line to cover debt maturities 23-10-2024 20:39 Argentina’s government is in talks with several banks to obtain a loan agreement of around US$2.7 billion for about three years in order to meet its principal debt obligations next January.
EU-MERCOSUR TRADE DEAL EU ‘very close to closing’ agreement with Mercosur, says Spain PM 23-10-2024 16:20 The European Union is "very close to closing" the long-delayed free-trade agreement with Mercosur trade bloc, said Spanish Prime Minister Pedro Sánchez.
IMF CREDIT LINE Caputo says Argentina in talks with IMF over new deal, fresh funds 23-10-2024 13:58 After being hailed as “finance minister of the year” by a magazine in Washington, Argentina’s Economy Minister Luis Caputo Caputo said talks with the International Monetary Fund over a new agreement that includes fresh funds are underway.
'Shock Therapy' Clamour for pesos leads banks to tap repo market 23-10-2024 12:47 A surge in demand for local currency in recent months has left Argentina's commercial banks needing access to pesos.
FINANCE & BUSINESS Nubank is taking new look at Argentina under Milei, CEO says 23-10-2024 12:13 Nubank “will watch” Argentina over the next 12 months, and is “taking a new look” at the country under President Javier Milei, says Chief Executive Officer David Vélez.
ECONOMIC OUTLOOK IMF casts doubt over Milei administration’s inflation estimate 22-10-2024 12:38 The International Monetary Fund estimates Argentina’s inflation rate in 2025 will hit 45%, a significant variation from the 18% projected by Javier Milei’s government in its budget bill.
POLITICS & ECONOMY AFIP to ARCA: Milei government announces ‘dissolution’ of tax bureau 21-10-2024 17:15 Argentina’s government says it will shutter AFIP tax collection agency and replace it with ‘Agencia de Recaudación y Control Aduanero (ARCA); Move will see 34% reduction in staffing levels.
EDITORIAL Obscurity obstructs security 19-10-2024 06:46 Both Peronism and the business world are undergoing a transitional phase.
ENERGY & GAS Pampa Energía sizes up LNG projects as Milei aids shale growth 18-10-2024 17:37 Energy producer Pampa Energía SA will decide in the next three months whether to partner on a multibillion-dollar LNG plant, says Marcelo Mindlin.
POLITICS Kicillof uses Loyalty Day speech to call for Peronist unity 18-10-2024 00:24 Buenos Aires Province governor was the only speaker at the event celebrating Peronist Loyalty Day and the life of Juan Perón. Brushing aside non-appearance from La Cámpora, Kicillof calls for unity and harshly criticised President Javier Milei.
CHANGES TO GOVERNMENT PRO gains another spot in government as energy secretary resigns 17-10-2024 16:22 Eduardo Chirillo resigns as energy secretary; María del Carmen Tettamanti, former chief of Camuzzi gas distributor and advisor to Patricia Bullrich, appointed to post.
EDUCATION ROW Students take classes onto streets to protest Milei's university cutbacks 16-10-2024 16:20 Student demonstrators stage open classes on the streets of Buenos Aires as they draw attention to cutbacks on state higher education institutions imposed by President Javier Milei's government.
CAPITAL CONTROLS Why Milei can’t lift currency controls any time soon 16-10-2024 12:15 Argentina has had strict currency controls in place for the past nine out of 13 years. President Javier Milei wants to get rid of them, but for now, he's sticking to the existing regime.
Economic - Analysis Global public debt to hit US$100 trillion by end of 2024, IMF says 16-10-2024 06:53 Global public debt risks of rising to US$100 trillion by the end of 2024, warns International Monetary Fund.
CAPITAL CONTROLS Government to adopt flexible exchange rate after lifting controls 15-10-2024 23:17 Milei states at conference that government will adopt a “flexible” exchange rate on the peso after it lifts capital controls.
SELL OFF OF STATE AIRLINE Milei: Aerolíneas Argentinas could be handed over to employees if not sold 15-10-2024 18:19 Argentina’s president reiterates his government’s desire to sell off flagship state airline through privatisation, complaining that the problem is the workers “do not want it.”
POLITICS Milei says state universities not under threat as occupations multiply 15-10-2024 17:13 As student takeovers of campuses multiply nationwide, President Milei says Argentina's public university system is “not under discussion” but vows auditing of state institutions will take place.
COURT RULING Argentina rejected by UK Supreme Court in US$1.5-billion bond case 15-10-2024 13:34 Negative ruling for Argentina over appeal; Nation may be forced to pay US$1.5 billion in damages to holders of the country’s growth-linked bonds.
ECONOMY – ANALYSIS Milei gets vote of confidence in wave of Argentine debt sales 15-10-2024 11:22 Argentina’s largest companies are rushing to issue dollar debt, a tentative sign that Javier Milei’s shock therapy is starting to restore investor confidence.
POLITICS & CONGRESS Bill targeting ‘obsolete’ laws, bureaucracy reaches Congress 14-10-2024 12:50 State deregulation czar Federico Sturzenegger confirms President Javier Milei’s government has sent the ‘Ley Hojarasca’ bill to Congress that seeks repeal of around 70 laws considered “obsolete” or that “limit the freedom of citizens.”
MULTILATERAL FUNDING Latin American development bank announces US$3.8 billion in aid 14-10-2024 11:57 Ilan Goldfajn, head of the Inter-American Development Bank (IDB) voices clear support for President Javier Milei’s reforms and quest for fiscal balance.
BANKING & FINANCE Central Bank working to enable dollar debt cards 14-10-2024 11:13 Argentina’s Central Bank is working with banks and credit card companies to enable debt cards denominated in dollars.