News of economy

Pressure on Adorni builds as investigators probe assets, travel, bank details

Yesterday 20:40 President Javier Milei’s Cabinet chief is facing mounting questions over his finances after journalistic investigations uncovered inconsistencies, unexplained asset growth and transactions involving third parties; Judge requests banking secrecy rules to be lifted to aid probe.

Demonstrators pose during a protest against the modifications of the Glaciers Law in front of the Congress building in Buenos Aires, on April 8, 2026.

ENVIRONMENT

Environmental NGOs seek ‘largest collective lawsuit in history’ to defend glaciers

Yesterday 14:08 Environmental groups call on members of the public to join a massive collective lawsuit against President Javier Milei’s changes to Argentina’s Glacier Law, which were approved by the lower house in the early hours of Thursday morning.

by Felipe Leibovich

POLITICS

From chainsaw to pay rise: Ministers cash in despite Milei's austerity drive

Yesterday 13:33 Government decree lifts top officials’ wages to over eight million pesos a month, fuelling debate over austerity promises; Salary surge contrasts with Javier Milei’s pledge to cut political privilege.

by Gustavo Winkler

A woman holds a poster mocking US President Donald Trump while others hold portraits of Iran's slain supreme leader Ayatollah Ali Khamenei and his son and successor Mojtaba Khamenei during a rally to commemorate his death in Tehran on April 9, 2026.

WAR IN MIDDLE EAST

Israel vows to fight on as Trump grants Iran ceasefire

Yesterday 11:59 United States and Iran agree a ceasefire and are due to launch talks in Pakistan aimed at reaching a longer-term deal, but crucial sticking points remain.

Argentina's Glaciers are subject to legal protections, but President Javier Milei's bill would weaken existing rules for glaciers and periglacial areas.

ANALYSIS

Congress approves glacier law in win for Milei and copper miners

Yesterday 11:42 Reform, which miners had lobbied for, gives provincial governors control over deciding whether a glacier or permafrost formation is a key source of water downstream. If the provinces decide they aren’t, miners can exploit them.

Demonstrators protest in front of the Congress building against changes to the national glacier protection law in Buenos Aires on April 8, 2026.

Ley de Glaciares

Milei’s controversial glacier reform bill approved by Congress

Yesterday 08:08 President Javier Milei's government secures passage of its reform bill that weakens Argentina's glacier protection law in lower house; Changes will open door to increased mining projects, with responsibility for periglacial areas passing to provincial governors.

A shopper browses products at a grocery store in Buenos Aires.

ECONOMIC OUTLOOK

World Bank sees Argentina’s economy growing 3.6% this year

08-04-2026 15:47 Economy will grow 3.6% this year and 3.7% next year; Multilateral institution’s forecast means Argentina is currently on track to record three years of consecutive growth for first time since 2008.

ECONOMY, ENVIRONMENT & POLITICS

Explainer: Milei’s attempt to change glacier protection law

08-04-2026 11:23 Argentina’s Glacier Law reform push is a battle between mining ambitions and environmental protection; Milei’s proposed changes could reshape glacier safeguards, expand mining activity, and shift power to provincial governments.

A Greenpeace banner criticising proposed changes to Argentina’s Glacier Law, calling on national deputies 'not to betray' compatriots is displayed on a monument in front of the National Congress building in Buenos Aires, on April 8, 2026.

Ley de Glaciares

Congress to debate easing glacier protection law to boost mining

08-04-2026 10:52 Activists and demonstrators are set to take to the streets later today in protest at debate over changes to Argentina's National Glacier Law.

An Argentine counts 10,000-peso bill banknotes.

ECONOMIC INDICATORS

Inequality eases slightly, but income gap remains stark

08-04-2026 10:36 Income inequality improved slightly towards end of 2025; INDEC data shows richest 10% still earn 13 times more than poorest, with sharp disparities in gender and informal employment persisting.

Ana Valerio took out a loan in 2024 to help pay for her daughter’s 'quinceañera.'

FEATURE

Argentines plunge into debt for bills, cars and birthday parties

08-04-2026 09:59 Improved access to credit has been a notable shift, but a new problem has emerged: the growing number of borrowers struggling to repay debts.

Buses on the Metrobus lane of Buenos Aires.

Public transport

Fewer buses on streets as fuel costs rise and subsidies go unpaid

07-04-2026 16:45 Firms reduce number buses in circulation by between 20% and 40% as fuel prices surge amid Middle East crisis.

FURTHER REVELATIONS

Adorni faces renewed scrutiny over another privately arranged mortgage

07-04-2026 13:45 Another apartment financed with dollars from private lenders: Cabinet chief was given a US$100,000-loan from two women on November 15, 2024, when he was serving as Milei’s presidential spokesperson.

BUSINESS & INVESTMENT

InterCement deal ‘once in a lifetime opportunity,’ Mindlin says

07-04-2026 12:30 Argentine energy mogul Marcelo Mindlin is leading a group of investors and creditors seeking to restructure Brazil’s InterCement, the parent company of Loma Negra SA.

YPF NATIONALISATION CASE

Mystery surrounding Burford’s hidden YPF litigation partners grows

07-04-2026 12:03 Over and above the forfeited gains of the law office that litigated against Argentina, the big losers of the recent New York Court of Appeals ruling over the nationalisation of YPF are the investors who bought up part of the suit. The story of a trial which still shrouds identities – a mystery only a US judge will be able to elucidate.

by Carlos Burgueño

McEwen Copper is in talks with the US Export-Import Bank as it seeks financing for its US$4-billion Los Azules project in Argentina.

MINING

McEwen Copper in talks with lenders to fund Argentina project

07-04-2026 11:47 McEwen Copper in talks with global lenders as it seeks financing for its US$4 billion Los Azules project in Argentina.

Workers inspect trucks arriving with pipes for the Vaca Muerta Sur pipeline in Neuquén.

MARKETS & BONDS

Argentina looks to global debt markets to finance energy boom

07-04-2026 10:41 Corporate borrowers are turning to global debt markets to fund an energy-driven expansion.

MARKETS & BONDS

Ex-Wall Street trader attempts distressed M&A turnarounds in Milei’s Argentina

06-04-2026 14:22 After years trading securities in New York, Esteban Nofal’s hunt for returns has brought him home to Argentina.

GUEST COLUMN

Perspectives and trends for Argentina in the current global context

04-04-2026 18:18 What started as a demonstration of power became, in a matter of weeks, a factor of internal instability.

by Gustavo Vera

Sandra Pettovello and Leandro Massaccesi.

Politics

Human Capital Minister Sandra Pettovello axes chief-of-staff over loan scandal

04-04-2026 09:43 Move follows circulation of list of Banco Nación loans; Leandro Massaccesi’s exit sealed within hours of list – detailing loans issued by state bank to senior officials – circulating online.

BEYOND THE HEADLINES

Easter islands

04-04-2026 06:31 Argentina is celebrating Easter with a president more interested in Passover but the bigger challenges to the traditional Church are coming from secularisation and Protestantism.

by Michael Soltys

Editorial

Yelling Personal Feats

04-04-2026 06:22 Milei and Kicillof might fight for the credit for a historic ruling but is not the real hero of Argentina’s growing energy surplus quite simply Vaca Muerta shale?

A drilling rig at a site at the Vaca Muerta formation in Patagonia.

ANALYSIS

Vaca Muerta turns global oil shock into opportunity for Argentina

03-04-2026 06:38 Argentina’s shale boom is reshaping its economy. Rising global energy prices were once a historic vulnerability, now they’re into a growing source of external strength.

by Santiago del Carril

AS I SEE IT

Milei gets a taste of his own medicine

03-04-2026 06:25 This is what tends to happen to holier-than-thou politicians who feel they are morally superior to their adversaries and make a habit of boasting about it.

by James Neilson

Trump, Milei, the US, Argentina and the YPF case.

YPF CASE – ANALYSIS

Argentina’s New York battle scars

03-04-2026 06:20 The Argentine Republic is a veteran of many battles in New York Courthouses and the YPF case is one of its most epic stand-offs.

by Agustino Fontevecchia

BUENOS AIRES, ARGENTINA - APRIL 2: Argentine President Javier Milei, Buenos Aires City Mayor Jorge Macri and President of the Chamber of Deputies Martin Menem sign the national anthem during a ceremony to remember the 44th anniversary of the Malvinas war at Plaza San Martin on April 2, 2026 in Buenos Aires, Argentina. Argentina honours the 649 soldiers killed in action as well as the war veterans.

MALVINAS ANNIVERSARY SPEECH

Milei marks war anniversary with Malvinas oil warning

02-04-2026 18:29 President Javier Milei reaffirms Argentina’s sovereignty claim over the Malvinas Islands in speech and questions offshore oil exploration near disputed islands.

A YPF petrol station in Buenos Aires on July 13, 2025.

ENERGY & GAS

Argentina to maintain petrol prices in shift for free-market Milei

02-04-2026 12:11 Argentina’s state-run energy firm YPF SA will keep petrol prices at the pump steady for 45 days, says state energy firm's CEO Horacio Marín.

Economy Minister Luis Caputo leaves the Casa Rosada.

ECONOMIC OUTLOOK

Milei and Caputo on alert ahead of March inflation data

02-04-2026 07:30 Food, fuel, and utility rates are main drivers of price hikes at moment.

INTERVIEW / MODO FONTEVECCHIA

Agustín Salvia: ‘Poverty has fallen, yet we are becoming poorer’

02-04-2026 06:42 The well-being of Argentina’s families is now under threat from rising fixed costs, a phenomenon which, according to the UCA poverty expert, defines the crisis of an increasingly marginalised middle class.

by Jorge Fontevecchia

Karina Milei, watched on by other officials, is greeted by a military band playing ABBA songs at the Casa Rosada to mark her birthday.

The Week in Review

Stories that caught our eye: March 27 to April 1

01-04-2026 20:28 A selection of the stories that caught our eye over the last seven days in Argentina.

This photo illustration shows the hands of a man withdrawing Argentine pesos from an ATM in a bank in Buenos Aires on March 5, 2026.

Currency & markets

Milei’s peso bucks EM losses on shale, agriculture boom

01-04-2026 16:58 Gains are being driven by a seasonal surge in agricultural exports, rising energy shipments from the Vaca Muerta shale basin and a wave of dollar borrowing by local companies.

Grains are loaded onto a ship along the Paraná River waterway at the Molinos Agro grain processing and crushing facility in Rosario, Santa Fe province, Argentina.

AGRICULTURE & ECONOMY

Cofco books first Argentina corn cargo to China in over 15 tears

01-04-2026 16:54 Deal comes after China cleared Argentine corn imports in 2024; China also booked a rare cargo of Argentine wheat last year, the first shipment in decades.

Demian Reidel, President Javier Milei, US Senator Rand Paul and US Ambassador to Argentina Peter Lamelas.

US SENATOR IN ARGENTINA

(Ayn?) Rand Paul’s libertarian fest

01-04-2026 11:21 US Senator Rand Paul – Capitol Hill’s leading libertarian – pays a visit to Argentina, meeting with President Javier Milei, among other activities.

by Michael Soltys

STATE ENERGY FIRM

YPF shares soar to 15-year high on Wall Street after court ruling

01-04-2026 10:47 State energy firm’s share price surpasses US$48, returning to pre-nationalisation levels, against a backdrop of a sharp rise in crude oil prices; Surge driven by a combination of global factors and positive local developments following New York court ruling that has reduced uncertainty surrounding the firm.

Economic indicators

Poverty fell to lowest since 2018 under Milei

31-03-2026 19:05 Poverty in Argentina fell to the lowest level since the first half of 2018 in another victory for President Javier Milei.

Homeless people on the streets of Buenos Aires.

POVERTY IN ARGENTINA

Sharp drop in Argentina’s poverty rate delivers boost for Milei

31-03-2026 16:16 Data from INDEC national statistics bureau shows 28.2% of population was living in poverty in the second half of last year; Extreme poverty affected 6.3% – some 1.9 million people.

Deregulation and State Transformation Federico Sturzenegger.

POLITICS & CONGRESS

Milei targets 70 repeal of laws in deregulatory push

31-03-2026 12:08 Deregulation & State Transformation Minister Federico Sturzenegger’s ‘Ley Hojarasca’ returns to Congress again; Milei administration pushes to repeal obsolete laws and cut funding for local political bodies.

Informality: Labour insecurity has a greater impact on lower-income workers.

WORKING-AGE POOR

Study: Eight in ten low-income workers are in insecure employment

31-03-2026 11:31 Low-income workers hardest-hit by insecure jobs, with 80% affected and rising levels of unprotected work, UBA study finds.

by Agustina Bordigoni

PRIVATISATION PUSH

Milei pushes ahead with Belgrano Cargas privatisation tender

31-03-2026 07:58 Milei government pushes privatisation timetable with Belgrano Cargas freight tender; Government’s ‘open access’ rail model unsettles investors as exporters and Grupo México weigh bids

AFA Treasurer Pablo Toviggino and AFA President Claudio 'Chiqui' Tapia.

AFA FOOTBALL PROBE

AFA chief Tapia and top officials formally charged in tax evasion case

30-03-2026 16:52 Judge formally charges AFA, ‘Chiqui’ Tapia and several senior officials in a tax evasion case.

POLITICS, COURTS & LABOUR

Judge partially suspends Milei's labour reform after CGT appeal

30-03-2026 15:18 Labour court judge Raúl Ojeda suspends around 40% of articles from Milei’s labour reform following CGT filing.

Worker at the Vaca Muerta Sur pipeline construction site in Neuquén, Argentina, on Thursday, March 13, 2025.

ENERGY & GAS

Mercuria-backed oil driller plots US$6-billion Argentina shale push

30-03-2026 14:31 Phoenix Global Resources is preparing a US$6-billion expansion in Argentina’s booming Vaca Muerta shale patch.

Death of Emiliano Sala

Football club loses compensation case over striker Emiliano Sala's death

30-03-2026 11:58 French court dismisses Cardiff City's compensation claim – valued at 122 million euros (US$140 million – in a financial dispute with Ligue 1 club Nantes over the 2019 death of Argentine striker Emiliano Sala.

Chinese nuclear warheads during a military parade in Beijing, China, in 2025.

GEOPOLITICS – ANALYSIS

The war with Iran may be ushering in a new nuclear age

30-03-2026 11:29 From the North Atlantic to the West Pacific, governments are debating more publicly than before whether they, too, must get the nuclear bomb.

Customers wait in line to fuel vehicles at a gas station in Santiago.

GLOBAL ENERGY MARKET

Oil surge elicits tough love from Trump’s Latin American allies

29-03-2026 10:23 The crisis in the Strait of Hormuz is rippling beyond Asia. Though Latin America is far from the key oil and gas artery that’s been mostly choked off by Iran, it’s still heavily exposed to oil price volatility.

Argentina's Foreign Minister Pablo Quirno and US Secretary of State Marco Rubio meet in Washington DC.

GUEST COLUMN

Critical minerals and a window of opportunity for Argentina and the US

29-03-2026 10:12 Argentina and the United States have a rare opportunity to build something more durable than a short-term political alliance or a narrow trade relationship.

economy

Argentina’s US$150-million bond sale prices risk after Milei’s term

28-03-2026 18:58 Argentina sells US$150 million of a bond denominated in dollars; Government gauges investor appetite for financing beyond Milei's first term.

Editorial

Open wounds

28-03-2026 05:57 Democracy is alive and well despite the wear and tear of over four decades – one consensus still intact despite the increasing polarisation and fragmentation of the political scenario.

Vaca Muerta, Argentina's dead cow, will outlast Milei.

ANALYSING ARGENTINA

With or without Milei

28-03-2026 05:55 Milei has given Vaca Muerta a push, but growth there precedes and will outlive his Presidency. It is arguably the only consensus policy the country has had for the past decade and a half. Its development momentum will not stop anytime soon.

by Marcelo J. García

President Javier Milei delivers a 'Cadena Nacional' national broadcast from the Casa Rosada, flanked by members of his Cabinet and top officials.

POLITICS & ECONOMY

Milei hails court win, slams opposition in YPF national broadcast

27-03-2026 22:57 President celebrates YPF court ruling in Argentina’s favour and picks out Cristina Fernández de Kirchner and Axel Kicillof for criticism, declaring: “Expropriation is wrong because stealing is wrong”

Agostina Paez arrives to the Argentine Consulate in Rio de Janeiro, Brazil, to attend a press conference on March 25, 2026. Paez was arrested and faces a court trial after she was accused by the Brazilian justice of racism for her gestures during a discussion in a bar, which was recorded and got viral in social medias.

The Week in Review

Stories that caught our eye: March 21 to 27

27-03-2026 18:44 A selection of the stories that caught our eye over the last seven days in Argentina.

POLITICS

Milei targets Kicillof after Argentina secures YPF court victory

27-03-2026 16:00 Milei slams opposition in wake of favourable YPF ruling in US courts; Government blames Kicillof for decade-long litigation while Peronists say ruling defends “sovereign decision.”

YPF NATIONALISATION CASE

Win for Argentina as US court overturns US$16bn judgment over YPF seizure

27-03-2026 12:54 Milei hails decision as US appeals court rules in Argentina’s favour; Government could avoid US$16-billion judgement to Burford Capital.

View of the headquarters of the Argentine oil company YPF on November 20, 2023, in Buenos Aires

YPF NATIONALISATION CASE

YPF: Argentina gets US$16-billion US judgement tossed on appeal

27-03-2026 12:23 US appeals court ruling marks a significant victory for President Javier Milei and helps clear the government’s path to a return to international markets.

The Central Bank of Argentina in Buenos Aires, Argentina.

MARKETS & BONDS

Argentina rating upgrade hinges on reserve build-up, Fitch says

27-03-2026 10:29 Argentina’s path to a credit rating upgrade depends on the sustained build-up of foreign-currency reserves, says top exec at Fitch Ratings.

Shopping at a cash and carry in Buenos Aires.

ECONOMIC INDICATORS

Caputo cheers ‘all-time high’ as INDEC data shows rise in economic activity in January

26-03-2026 21:34 Milei and Caputo cheer news that economy grew in line with expectations; Activity in first month of the year up 1.9% year-on–year, by more than 8% from two years ago.

Shoppers at the Pacifico shopping mall in Buenos Aires.

ECONOMIC INDICATORS

Economy grew in line with expectations in January

26-03-2026 18:53 Argentina’s economy expanded slightly in January following a quarter of weaker-than-expected growth, says INDEC national statistics bureau.

Pedestrians and traffic near the Obelisk on Avenida 9 de Julio in Buenos Aires.

ANALYSIS: SHOCK THERAPY

Sluggish economy is testing Milei’s spending cuts

26-03-2026 13:25 Eighteen months out from the next presidential election, every additional peso of austerity is more socially and politically expensive for President Javier Milei.

Argentina's President Javier Milei speaks during his annual speech to parliament ahead of the inauguration of the 144th ordinary session of Congress in Buenos Aires on March 1, 2026.

POLITICS

Milei’s approval rating hits new low as unemployment rises

26-03-2026 08:51 President Javier Milei’s approval rating fell in March to the lowest level since he took office; La Libertad Avanza leader fell behind Axel Kicillof in monthly AtlasIntel poll.

BUSINESS & INDUSTRY

Arcor, Danone take control of La Serenísima, reshaping dairy market

26-03-2026 00:20 National dairy producer La Serenísima has new owners, Grupo Arcor and Danone will share equal control of Mastellone Hermanos SA, owner of La Serenísima brand; Value of deal not disclosed.

President Javier Milei is seeking to privatise or put public companies out to tender, particularly those with heavy structural deficits.

PRIVATISATION PUSH

State firms in black but Milei presses ahead with privatisation plan

25-03-2026 18:28 Four of the six state-run companies President Milei and his economy minister want to sell closed out 2025 in surplus; Privatisations appear to be government’s key path to raising dollars and reinforcing reserves.

Cabinet Chief Manuel Adorni, pictured at a press conference at the Casa Rosada.

POLITICS & SCANDAL

‘Nothing to hide’ – Adorni pushes back on questions over wealth, assets

25-03-2026 16:20 Cabinet Chief Manuel Adorni dismisses questions about his assets following revelations regarding private jet trip and alleged undeclared assets; Official says wealth is a result of his previous work in private sector.

European Commission President Ursula von der Leyen makes a statement on the EU-Mercosur agreement at the European Commission In Brussels, on February 27, 2026.

EU-MERCOSUR TRADE DEAL

EU-Mercosur trade deal to apply provisionally from May 1

23-03-2026 13:34 EU authorities say sweeping free-trade agreement with South America's Mercosur bloc will provisionally enter into force on May 1; Pending court ruling could still throw spanner in the works.

This picture handed out by MTI/The Hungarian Prime Minister's Office and taken and released on March 21, 2026 shows Argentina's President Javier Milei being welcomed by Hungarian Prime Minister Viktor Orban outside the Hungarian Prime Minister's office, the Carmelita monastery in Budapest, Hungary, overlooking the Danube river.

FOREIGN POLICY

Milei says Argentina can 'guarantee Europe's energy security'

21-03-2026 17:55 President says Argentina “is in a position to guarantee Europe's energy security" during visit to Hungary for CPAC conference; Milei backs PM Orban’s anti-immigration stance, stating: “When they do not culturally adapt, it becomes an invasion.”

Editorial

Fifty years after

21-03-2026 00:08 We should remember every day that 50 years ago there was a military dictatorship and count our blessings for a democracy equally capable of electing leftist populism and the far-right libertarian administration now ruling.

POLITICS – ANALYSIS

Crypto-scandal: Novelli and Milei’s US$5-million $LIBRA deal

21-03-2026 00:02 To President Milei’s favour, he’s not the first top-level public official to use his position for personal benefit. But according to his terminology, such behaviour is one of the prime definitions of the caste.

by Agustino Fontevecchia

Former president Cristina Fernández de Kirchner (2007-2015) waves as she arrives at her home in Buenos Aires after being questioned at the Comodoro Py courthouse on March 17, 2026.

The Week in Review

Stories that caught our eye: March 13 to 20

20-03-2026 18:32 A selection of the stories that caught our eye over the last seven days in Argentina.

Economic indicators

Milei cheers as INDEC says economy grew 4.4% in 2025

20-03-2026 17:40 Milei dedicates annual figure to corrupt “business cronies” and “corrupt politicians”; GDP rose 2.1 percent year-on-year in the final quarter of last year.

The Economy Ministry building in Buenos Aires, Argentina, on Wednesday, December 10, 2025.

ECONOMIC INDICATORS

Economy grew less than expected in fourth quarter

20-03-2026 17:08 Argentina posted cumulative growth of 4.4% for all of 2025, but the economy expanded less than analysts anticipated at the end of 2025.

Politics & scandal

Adorni under pressure as fresh complaint questions state contracts

20-03-2026 13:28 New complaint from lawmaker alleges irregularities in public tenders linked to Tecnópolis exhibition centre and venue, adding to scrutiny over the Cabinet chief’s conduct and potential conflicts of interest involving his wife.