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.
Exchange rate woes Investors bet Argentina crawling peg to speed up to 6% by April 22-02-2024 11:34 Investors see Argentina's crawling peg accelerating to six percent monthly by the start of the second quarter, according to peso futures data.
MARKET REACTION Milei’s shock therapy already leaves investors craving more 13-12-2023 12:05 While investors agree the adjustment outlined is the best — and only — way forward for the troubled nation, they were left wanting some bolder moves, more details and a plan how to implement measures that require congressional support.
PRESIDENT MILEI Argentina rally put to test as challenges await Milei 09-12-2023 08:47 Investors’ giddiness with Argentina will be put to the test as Javier Milei takes over on Sunday.
MARKETS Wall Street welcomes Milei victory but warns of challenges ahead 20-11-2023 14:29 Analysts and investors welcome the prospect of radical change in Argentina but warn about deep challenges facing Javier Milei.
MARKETS Argentina investors cheer Milei victory, brace for peso sell-off 20-11-2023 00:37 Investors cheered libertarian economist Javier Milei’s bigger-than-expected win in Sunday’s presidential vote and his pledge to usher in a radical remake of South America’s second-largest economy.
MONETARY POLICY Central Bank likely to hold rate despite inflation spike 09-10-2023 21:04 Argentina’s Central Bank board plans to keep its benchmark interest rate unchanged despite inflation data hovering around a three-decade high.
ELECTION 2023 Milei to send team for investor talks in New York 25-08-2023 10:58 Advisers for Javier Milei will travel to New York in September to present their economic plans to Wall Street banks for the first time.
DEFAULT ON THE CARDS? Argentina vote shock leaves investors dreading the next default 16-08-2023 14:05 Investors are fretting about the implications of negotiating with little-known populist Javier Milei when an all-but-inevitable deby restructuring process comes.
2023 election Traders go to US for Argentina stocks to hedge election bet 02-08-2023 13:53 Investors are cautiously looking at US-listed shares of Latin American companies with operations in Argentina, anticipating benefits from market-friendly policies after this year's elections, but refraining from direct investment until long-term stability is established.
Economy Brazil’s economic activity tumbles past all forecasts 17-07-2023 19:57 Brazil's economy shrank more than expected in May, but President Lula's government's reforms and anticipated rate cuts have raised investor optimism.
REGIONAL ECONOMY Latin America’s policy-makers warn investors of long fight against inflation 17-04-2023 17:08 Battle against inflation will take longer than expected, the region top economic authorities said at IMF Spring Meetings.
ECONOMIC OUTLOOK Moody's forecasts 1.5% contraction for Argentina's economy 12-04-2023 13:46 Ratings agency Moody's Investors Service warns of impact of drought on Argentina's economy and predicts inflation will rise to 107% this calendar year.
COURT RULINGS Billions in legal losses are set to push Argentina closer to the brink 05-04-2023 18:01 A pair of back-to-back court losses stand to push Argentina’s already precarious finances to the brink.
Bloomberg Government wants to swap public sector local debt for 2026 bonds 21-03-2023 13:10 Officials want to sell new bonds maturing in 2026 and 2027, lengthening the sovereign debt maturity curve as a way of sending a signal to the private sector to also extend their maturities.
DEBT SWAP Argentina looks to buy time on US$37 billion of maturing debt 09-03-2023 13:27 Argentina is expert at buying itself time to pay off debt that’s coming due, and on Thursday it plans to use its hard-earned skills to delay bond repayments of an estimated US $37 billion until after a presidential election.
BLOOMBERG - OPINION Eduardo Porter: Why Wall Street should like Latin America’s left 08-02-2023 09:22 The Latin American left does a better job than the right delivering on one of Wall Street’s favourite metrics: stock market returns.
Debt bond buyback What’s a default? Argentina’s debt buyback splits S&P, Moody’s 27-01-2023 14:35 The world’s most-watched credit assessors are split after Moody’s Investors Service classified Argentina's plan to repurchase its debt in the open market as a distressed exchange.
BOND BUYBACK Argentina’s bond buyback plan sets off Moody’s default alarm 26-01-2023 15:10 Plan to repurchase US$1 billion of overseas bonds meets the definition for a default, according to Moody’s.
Bloomberg Argentina must avoid ‘hot money’ pitfall, top economist says 28-12-2022 18:17 Influential Carlos Melconian details recommendations he is drafting for a more business-friendly government to enact following the 2023 elections.
MARKETS Latin America debt set for a comeback as politics give a break 12-12-2022 09:59 Dollar-denominated debt from Latin American governments and companies has handed investors returns of more than 10% so far this quarter, outperforming all other regions in an emerging-market index.
BRAZIL ELECTION 2022 Brazil's business sector still supports Bolsonaro, but with reservations 27-09-2022 15:12 Elected in 2018 on a promise to reduce state intervention, far-right stayed true to his word with a series of policies favouring business – but support is not unanimous.
Bloomberg Lula has big Petrobras plans that would undo privatisation push 26-09-2022 14:39 Next week’s elections in Brazil pose a challenge to Petrobras investors: Lula has vowed to use the company as a vehicle for national development, but Jair Bolsonaro is proposing the complete opposite.
Bloomberg Argentina approves Ualá’s purchase of Eurnekian’s Wilobank 10-06-2022 08:30 Argentina’s Central Bank has approved fintech Ualá’s purchase of billionaire Eduardo Eurnekian’s digital bank Wilobank.
BLOOMBERG Hunt for lithium sparks frantic rush into Argentina's mountains 24-05-2022 13:20 Looming shortage of lithium, key for electric vehicles, gives Argentina a chance to become a mining mecca.
FOOTBALL IN SOUTH AMERICA Brazilian football clubs open doors to foreign investors 17-05-2022 10:45 After a century operating as non-profit associations, Brazilian clubs have started transforming their business models.
BLOOMBERG Bond chaos in Argentina sparks traders’ rush to provincial notes 25-04-2022 15:36 Investors are snapping up securities issued by the provinces of Córdoba, Neuquén, Mendoza and Chubut, turning them into the nation’s top performers this month.
BLOOMBERG Ualá founder raises US$30 million for LatAm venture capital fund 18-04-2022 15:13 Founder of Argentine fintech Ualá, Pierpaolo Barbieri, launches venture capital firm with US$30 million from a roster of investors.