BLOOMBERG Caputo speech at JPMorgan event helps propel Argentine bonds Today 13:18 Argentina won’t lift capital controls until international reserves are high enough to safeguard against a potential currency run, Luis Caputo tells investors.
US COURT RULING Argentina defeats hedge fund suits over GDP-linked securities 01-04-2024 15:46 Argentina victorious as judge rejects claim by Aurelius Capital Management and other hedge funds seeking payment on securities tied to economic performance.
Bloomberg Buyer of Clorox’s Argentine assets bets on consumer spending rebound 27-03-2024 20:19 Executives at Apex Capital, the buyer of Clorox Co assets in Argentina, expects consumption to recover in coming months.
YPF nationalisation case Brazil backs Argentina in fight over US$16-billion US YPF judgment 05-03-2024 14:02 Brazil, Chile, Ecuador and Uruguay file "friends of the court" brief to assist Argentina’s appeal against a US$16.1-billion US court judgement over the controversial 2012 nationalisation of oil company YPF SA.
EMPLOYMENT & WELFARE Government eliminates Potenciar Trabajo job scheme, plans new dual system 29-02-2024 00:08 Human Capital Minister Sandra Pettovello issues decree with President Javier Milei eradicating job aid scheme in bid to cut out intermediaries; New dual system set up to replace it.
POVERTY More hunger, less money: Soup kitchens count rations 15-02-2024 00:33 At community meal centres across Argentina, a dual crisis is biting: the influx of ever more hungry mouths to feed during an economic crisis, and a decision by President Javier Milei's new government to freeze their aid.
ECONOMIC POLICY Milei sets June deadline for lifting of capital controls 08-02-2024 06:24 Casa Rosada has a list of conditions required and assures that the dollar can be kept to around 1,000 pesos.
PROTESTERS CHALLENGE PETTOVELLO Huge 'hunger line' in Buenos Aires challenges Milei's minister 06-02-2024 00:03 Sandra Pettovello’s claim she would attend to the hungry “one by one” backfires as hundreds of demonstrators form long queues outside her Human Capital Ministry, demanding greater state assistance in the face of a food emergency.
POLITICS Government says it will take away welfare from protesters who block streets 18-12-2023 17:54 Argentina's government warns against street blockades on eve of major demonstration; Human Capital Minister Sandra Pettovello warns that those who participate and receive welfare support will have it taken away from them.
Bloomberg Hedge fund rides Argentina gain, says Milei is underestimated 12-12-2023 09:50 Brazilian hedge fund manager Vista Capital says Javer Milei is more "political and sensible that many watchers anticipated."
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.
BLOOMBERG Longtime bull Greylock says Argentina in ‘safe hands’ with Massa 25-10-2023 12:14 Hans Humes, the chief executive and founding partner of Greylock Capital Management, says Sergio Massa is better equipped to steer Argentina through much needed fiscal changes.
Election 2023: BUENOS AIRES CITY Santoro pulls out of City mayoral run-off, handing Jorge Macri victory 24-10-2023 15:22 Unión por la Patria mayoral candidate Leandro Santoro decides not to compete in a run-off against rival Jorge Macri; With count ongoing, campaign says team have realised they cannot win, but sceptics will see move as a cynical bid to dampen turnout by Juntos por el Cambio voters on November 19. by James Grainger
Election 2023: BUENOS AIRES CITY Jorge Macri wins big City mayoral race but will face run-off 23-10-2023 04:41 Juntos por el Cambio close to retaining control in its stronghold; Jorge Macri almost wins in first round but will now face run-off against Leandro Santoro; Opposition also wins in Entre Ríos Province, but Catamarca will remain Peronist. by James Grainger
FX MARKET Gov't depletes room to intervene in currency futures ahead of election 20-10-2023 16:47 Central Bank almost out of room to intervene in currency futures, the main avenue it’s been using to prop up the plunging peso.
ELECTION 2023 Bullrich closes campaign, promises to end 'Kirchnerite corruption' 19-10-2023 18:22 Patricia Bullrich wrapped up her presidential campaign Thursday, vowing to tackle crime, corruption and record inflation, while taking aim at her main rivals.
INTERVIEW Jorge Macri: ‘If Patricia Bullrich makes the run-off, she’s president’ 17-10-2023 08:15 Buenos Aires City mayoral candidate if confident Juntos por el Cambio will make it into the second round of the presidential election, pointing to “plenty of crossover” between Sergio Massa and Javier Milei and affirming that “the proximity to Luis Barrionuevo shows a dependence on the traditional political mechanisms” on the part of the liberals. by Ezequiel Spillman
THIRST FOR DOLLARS Argentines’ love of dollars creates a windfall for local brokers 02-10-2023 16:53 Argentina’s economic disaster has sent inflation soaring and pushed poverty levels toward a 15-year high. But for local brokerages, the chaos has fuelled a boom unlike anything industry veterans can remember.
Elections 2023 Cross attitudes and crossfire as Marra targeted in City mayoral debate 28-09-2023 17:01 Four candidates to be the next mayor of Buenos Aires City – Jorge Macri, Leandro Santoro, Ramiro Marra and Vanina Viassi – take part in first televised debate; Libertarian draws eye with aggressive approach and strange comments.
Election 2023 Bullrich adviser says dollar, peso will co-exist in Argentina 26-09-2023 23:54 “The peso and the dollar will coexist” if Patricia Bullrich is elected as president, says Carlos Melconian.
OIL & GAS Argentina investors see rally in YPF bonds running out of steam 21-09-2023 23:07 Investors saying it’s time to sell bonds from Argentina’s state-run oil driller YPF SA ahead of the presidential elections in October.
ECONOMIC INDICATORS Government has printed equivalent of 18% of GDP since 2019 19-09-2023 09:33 New report says President Alberto Fernández’s administration has printed the monetary equivalent of 3% of GDP so far this year, most of it aimed at the repurchase of bonds to protect their price level.
YPF RULING Burford eyes 37,000% return in US$16-billion Argentina award 11-09-2023 21:29 Litigation funder paid US$16.6 million for YPF seizure claims; Argentina has vowed to appeal Friday award by US federal judge.
Election 2023 Priests hold Mass in defence of Pope Francis following Milei barbs 05-09-2023 20:35 Priests repudiate verbal attacks at Pope Francis from La Libertad Avanza presidential candidate Javier Milei; Catholic leaders question libertarian leader’s attitude towards Argentine pontiff and questions if temperament is appropriate for public office.
POLITICS Provincial pushback: City Hall and 13 provinces refuse to pay bonus 01-09-2023 15:43 Economy Minister Sergio Massa faces strong pushback to new measures; As many as 14 regions, including Peronist-governed provinces, vow not to adhere to one-off payments to public-sector workers; Businesses also express unease.
ELECTION 2023 Rumours and confirmations: Milei assesses potential cabinet options 26-08-2023 00:27 Propelled by his PASO primary victory, the libertarian lawmaker’s team is hurriedly assessing its options. The presidential hopeful has already said who will be heading Ministries of Foreign and ‘Human Capital,’ the latter pooling sensitive areas under the leadership of a woman with an unknown background. Who might join a Javier Milei cabinet if he is elected as president: confirmed names and rumours. by Giselle Leclercq
ELECTION 2023: CITY PRIMARIES Jorge Macri sees off Lousteau in battle for City mayor 13-08-2023 21:52 Juntos por el Cambio produces dominant performance in nation's capital, taking almost 56% of all votes; PRO's Jorge Macri defeats Radical Senator Martín Lousteau by a small margin to win nomination; Ruling coalition hopeful Leandro Santoro trails in third. by James Grainger
ELECTION 2023: PASO PRIMARIES Electoral authorities put turnout for PASO primaries at 69% 13-08-2023 20:42 Electoral authorities say 69% of voters cast ballot in PASO primaries; Lower turnout points to voter apathy.
ELECTIONS 2023 Argentines head to polls as decisive primaries get underway 13-08-2023 12:31 Suffering the impact a deep economic crisis and with a healthy dose of scepticism and frustration, Argentina goes to the polls.
THIRST FOR DOLLARS A guide to Argentina’s many exchange rates 10-08-2023 08:44 Anxiety is showing in markets just days before a key primary vote that will decide who are the candidates for the October 22 election.
Bloomberg Massa wins Greylock’s blessing in bid to save Argentina's economy 09-08-2023 14:52 Argentina’s inflation surged under Massa – Greylock sees him as best to save the economy.
ELECTION 2023 Franco Rinaldi pulls candidacy after controversial remarks 13-07-2023 20:39 Candidate for City lawmaker, who topped mayoral hopeful Jorge Macri’s list, steps down from race after previous offensive, racist and anti-Semitic comments spark controversy on social media.
economy Brazilian hedge fund Vista makes small Argentina bet ahead of election 13-07-2023 18:44 One of Brazil’s best-performing hedge funds is building a position in Argentina ahead of a presidential election that could result in a regime change.
ELECTION 2023 Candidates for Argentina's 2023 PASO primaries confirmed 01-07-2023 06:56 Unión por la Patria, Juntos por el Cambio and Frente de Izquierda y los Trabajadores-Unidad will have competitive primaries; Milei faces no competition for La Libertad Avanza with several smaller parties seeking to clear the 1.5 percent PASO threshold.
ELECTIONS 2023 Twists and turns to the last as PASO primary line-ups confirmed 26-06-2023 17:44 Dramatic last few days before the deadline for finalising line-up for the August 13 PASO primaries; Economy Minister Sergio Massa announced as “unity” candidate for ruling coalition.
DEBT INTERVENTION Córdoba to meet debt payment after court blocks capital controls 07-06-2023 17:38 Argentina's Córdoba Province to meet debt payment after a court blocked government's latest capital controls.
ELECTIONS 2023 Jorge Macri chosen as PRO mayoral candidate in City 30-05-2023 17:45 Mayor Horacio Rodríguez Larreta confirmed that Jorge Macri will be PRO's solo candidate in Buenos Aires City; Ex-Vicente López leader outperforms Fernán Quirós in polling.
ELECTIONS 2023 City mayoral race takes shape as PRO leaders align 16-05-2023 22:15 Horacio Rodríguez Larreta and Patricia Bullrich agree to unite behind a single candidate in capital; PRO will stage competitive PASO in Buenos Aires Province.
BLOOMBERG – FEATURE Argentina cracks as peso plunge raises risk of messy devaluation 28-04-2023 12:39 Argentina is moving closer to a breaking point as the government’s desperate measures fail to halt a plunge in the peso, raising the risk of a currency devaluation.
MARKET RUMOURS Argentina brokerage apologises after spreading devaluation rumour 22-04-2023 18:26 Brokerage firm Max Capital Valores said it “deeply regretted” spreading misinformation over a currency devaluation of the nation’s official exchange rate.
FINANCIAL TURBULENCE Peso slumps in parallel market as inflation soars 18-04-2023 20:29 Argentina’s peso tumbled as much as 4.2 percent in the parallel exchange market Tuesday, the most this year.
Eugenio Burzaco interview City security minister: ‘Tasers will be operational in Buenos Aires by June or July’ 18-04-2023 16:09 Buenos Aires City Security Minister Eugenio Burzaco reveals in an interview that the first shipment of tasers will arrive this month and City Hall hopes to have 100 in use by the end of the year.
POLITICS: ELECTIONS 2023 Opposition seeks unity after furious City elections row 14-04-2023 11:03 Leaders from Juntos por el Cambio play down tensions and look to move on from row over City elections.
POLITICS: ELECTIONS 2023 Opposition infighting erupts over City elections switch 10-04-2023 21:40 Buenos Aires City Mayor Horacio Rodríguez Larreta sparks controversy in opposition coalition with announcement that local and national elections will take place on same day, though on separate ballots; Vidal, Macri, Bullrich respond fiercely to decision, strongly criticising presidential hopeful.
REVENUE-SHARING ROW Alberto Fernández now says he’ll comply with top court order 26-12-2022 14:00 Days after saying he would not comply with a Supreme Court order that called for it to return federal funds to the Buenos Aires City government, President Alberto Fernández says will he honour the decision.
ECONOMY & POLITICS Government creates new exchange rate for provincial economies 07-11-2022 17:13 Economy Minister Sergio Massa says government will create new temporary exchange rate for provincial economies.
EDITORIAL Stating the less than obvious 22-10-2022 06:20 Understanding a problem is the most important half of the solution.
NEW MEASURES Argentina slaps new taxes on concerts, travel before World Cup 12-10-2022 08:17 Argentina's government is applying new taxes on travel abroad ahead of the World Cup, and on concerts by artists who charge in foreign currency, as it seeks to protect its low reserves and avoid a devaluation.
Currency crisis Economy Ministry set to introduce ‘tech dollar’ exchange rate for freelancers 26-08-2022 10:24 Portfolio headed by Sergio Massa is moving forward with plans to introduce a "monotributo tech" exchange rate for freelancers in the knowledge economy.
LIVING WITH CRISIS Argentina remains hooked on ‘dollar-dependence’ 30-06-2022 00:37 Argentines do their accounts in dollars, traumatised by recurrent economic crises and tormented by the inflation that is eating away at their pockets and is projected to exceed 60% this year.