News of capital

In home of Malbec, eyes turn toward idled US$5-billion potash mine

09-09-2021 14:52 Mendoza Province in talks with some of world’s top producers of potash to revive Río Colorado mine.

Argentina tightens capital controls ahead of midterm elections

13-08-2021 14:11 Regulators tighten screws on so-called blue-chip operations, where investors buy assets in pesos and sell them abroad in dollars to obtain foreign currency.

INTERVIEW

María Eugenia Vidal: 'Today I feel I'm the candidate of the entire coalition'

17-07-2021 08:54 Ex-Buenos Aires Province governor discusses Juntos por el Cambio, unity and her decision to launch a congressional run in the nation's capital.

by Ezequiel Spillman

Bloomberg

Yields topping 14% lure investors to world’s best utility bond

14-07-2021 10:14 The world’s best performing utility bonds come from an unlikely corner of emerging markets – Argentina.

Startups

Venture capital surge delivers record for 'unicorn births'

08-07-2021 11:41 According to a report by US-based firms, startups globally raised $156 billion between April and June, the highest level in a decade for the second quarter.

PASO PRIMARIES

Opposition's PASO line-up comes into focus as Bullrich drops out

04-07-2021 23:50 PRO party leader Patricia Bullrich says she won't seek office in Buenos Aires City and will instead look ahead to 2023. Decision allows Horacio Rodríguez Larreta to impose a unified list headed by María Eugenia Vidal.

by James Grainger

Bloomberg

Argentina loses emerging market status on FX controls

25-06-2021 01:55 Argentine stocks were cut from emerging market status by index provider MSCI Inc on the country’s continued capital controls.

Coronavirus pandemic

Rodríguez Larreta extends hours for restaurants, bars, shops, loosens curfew

11-06-2021 23:41 City Mayor announces a relaxation of restrictions, including opening hours for restaurants and bars. Curfew hours will now run from 11pm to 6am in capital.

Bloomberg

Crypto mining booms on cheap, subsidised energy in Argentina

31-05-2021 10:41 Bitcoin miners are capitalising on the inefficiencies of the country’s interventionist economy to reap outsize returns, fuelled by memories of currency busts and powered by government-subsidised electricity.

capital levy

AFIP promises crackdown in 'wealth tax' enforcement launch

26-05-2021 15:46 AFIP warns it may seize assets and freeze bank accounts of those who haven't paid up what they owe under the government's so-called 'wealth tax' levy on millionaires.

'Wealth tax'

AFIP: One-off 'wealth tax' has brought in US$2.3 billion so far

03-05-2021 22:10 Around 80% of the roughly 12,000 who qualify for the one-off Covid capital levy have paid up to date, says AFIP, boosting government coffers by more than US$2.3 billion.

'Wealth tax'

Wealth tax fought by the rich raises more than US$2 billion

03-05-2021 21:58 Alberto Fernández administration has raised 74% of the amount it had targeted from a controversial new tax on the country’s wealthiest citizens.

POLITICS

Behind the scenes, Kicillof and Rodríguez Larreta seek to rebuild bridges

24-04-2021 00:42 City government believes fixing ties with Kirchnerite governor of Buenos Aires Province will repair the relationship at national level.

by Rosario Ayerdi

Jugador del Pueblo?

Carlos Tevez seeks to avoid paying Argentina's new wealth tax

17-04-2021 09:54 Boca Juniors striker files court injunction to avoid paying the country's new wealth tax, the latest example of the difficulty in making millionaires comply with the levy.

Bloomberg

Government's plan to stabilise rents sends prices skyrocketing in BA

16-04-2021 10:58 Landlords in Buenos Aires have raised the rent on apartments more than 60% ahead of a new law that gives the government control over price increases.

BLOOMBERG

Argentina’s peso mess is delivering windfall profits to brokers

14-04-2021 15:12 In Argentina, financial markets are all but dead. From stocks to bonds to traditional foreign-exchange venues, trading volumes are razor thin. Except, that is, in one unusual corner.

BLOOMBERG – ANALYSIS

Tax-the-rich initiatives gain support across Latin America

08-04-2021 14:55 Chile, Mexico, Colombia see wealth tax proposals advancing, Argentina and Bolivia have already passed measures; Debt in region soared as pandemic caused worst crash in two centuries.

CAPITAL LEVY

Argentina's wealth tax has collected just 2% of target to date

06-04-2021 16:47 Argentina’s new wealth tax has netted just two percent of its target figure ahead of its original deadline, with the nation’s richest citizens evidently in no hurry to pay up.

Bloomberg

Start-up Tiendanube raises US$89 million in funding round

22-03-2021 13:03 Argentine e-commerce start-up Tiendanube will use fresh financing to roll out a major expansion across Latin America.

'Wealth tax'

Government's 'wealth tax' levy for virus relief takes effect

29-01-2021 15:27 One-off tax on Argentina's richest citizens to help pay for medical supplies and relief for small businesses battered by the global coronavirus pandemic entered into force on Friday.

Congress

Senate approves one-time levy on assets for Argentina's richest

06-12-2020 17:50 Senate approves government-backed bill to introduce so-called 'wealth tax' on 12,000 of the country's richest citizens late Friday night.

Congress

Senate begins analysing 'wealth tax' bill, vote likely early December

25-11-2020 07:52 Senate begins analysing 'wealth tax' bill to impose a one-off levy on Argentina's richest citizens on Tuesday, following last week's approval of the initiative in the lower house.

Congress

Chamber of Deputies approves government’s ‘wealth tax’ bill

19-11-2020 02:05 Lawmakers in Argentina’s lower house approve move to introduce one-off levy affecting those with largest fortunes. Bill, which Peronist lawmakers hope will raise US$3 billion, now goes to Senate.

'Wealth tax'

Lower house opens debate on government's 'wealth tax' bill

18-11-2020 00:50 Argentina’s lower house is expected to approve a bill to introduce a one-off capital levy on more than 9,000 of the country’s wealthiest citizens on Wednesday morning.

TRAFFIC & TRANSPORT

Subte fares to rise from next week, highway tolls could more than double

17-11-2020 17:54 Subway fares will rise from 19 to 21 pesos as from next Wednesday while a 55% for highway tolls as from the start of next year has been proposed, subject to approval in a public hearing.

BLOOMBERG

Argentina gives Templeton, Pimco chance to trim peso holdings

09-11-2020 18:04 Argentina is giving some of its largest bondholders the chance to trim their holdings in one of the world’s worst-performing currencies, offering to swap their local peso securities for dollar-denominated assets.

Coronavirus pandemic

Dozen secondary schools re-open doors in Buenos Aires City

13-10-2020 16:44 Twelve schools re-opened their doors in the capital on Tuesday, with teachers hosting the first face-to-face classes in Buenos Aires City for seven months.

CRIME & SECURITY

Federal police officer killed in fatal stabbing attack near MALBA

29-09-2020 18:14 Inspector with the Federal Police stabbed to death just outside the MALBA Latin American art museum in Palermo on Tuesday afternoon.

Coronavirus pandemic

Buenos Aires City reports less than 1,000 infections for ninth straight day

28-09-2020 17:11 Buenos Aires City reported 659 new cases of Covid-19 on Monday morning, the ninth day in a row that the federal capital has reported less than 1,000 infections, according to City Health Minister Fernán Quiros.

EDITORIAL

Anything but green

19-09-2020 09:11 The intensified capital controls so rattling market confidence may have been a hasty improvisation but were in no way on the spur of the moment – on the contrary, they stem from months of procrastination and denial.

POVERTY & THE PANDEMIC

Protesters call on government to block eviction of Guernica camp

18-09-2020 11:05 More than 1,500 people protested in Buenos Aires on Thursday, calling for the government to prevent the eviction of land occupied by poverty-stricken families and homeless individuals.

BLOOMBERG

Offshore millionaires become target of wealth tax bill

17-09-2020 19:34 Government plans to broaden bill imposing taxes on the rich in order to reach non-residents and their investments in Argentine companies, according to lawmaker Carlos Heller.

Bloomberg

Pesce, Guzmán split over curbs on dollar purchases

17-09-2020 16:19 Argentina's economic team split on latest crackdown, as well as how long new rules should remain in place.

BLOOMBERG

YPF leads Argentina corporate bond rout on new forex limits

16-09-2020 23:27 Corporate bonds from Argentina posted their biggest decline in six months on Wednesday as a new round of capital controls and government restrictions on access to dollars threatened to provoke a wave of defaults.

Bloomberg

Argentina bonds fall with tighter foreign-exchange controls

16-09-2020 23:23 Argentine bonds fell Wednesday after the government expanded restrictions on foreign exchange in an attempt to hold onto US dollars as reserves dwindle.

Coronavirus pandemic

Officials concerned by crowded scenes at bars, restaurants in capital

07-09-2020 19:31 National, City and provincial governments express dismay after images circulate online over weekend showing large crowds at eating and drinking establishments in Buenos Aires City. At least 12 venues closed after breaching regulations.

capital controls

Banks block accounts of those suspected of trying to circumvent dollar quota

17-07-2020 00:11 At least three of country's biggest banks have started to block dollar purchases via online platforms for clients suspected of using loopholes to purchase greenbacks beyond the US$200 limit.

ON CAPITAL FLIGHT

Cristina & Macri’s pornographic obsession with the dollar

06-06-2020 08:38 Monetary debasement is a policy that every Argentine government since the return of democracy has collaborated with, and those “smart” enough to play the game have always stored their wealth as far as they can from Argentine pesos, Macri and Cristina included.

by Agustino Fontevecchia

Congress

Fernández confirms government will impose one-off wealth tax

03-06-2020 15:09 President says the introduction of a capital levy would be a one-off “extraordinary measure." Lawmakers say bill would boost government coffers by between US$2.5 million and US$4 billion.

ECONOMIC INDICATORS

Just seven properties were sold in Buenos Aires City in April

27-05-2020 15:05 Just seven properties were sold in the capital last month amid the coronavirus lockdown – a 99.7 percent drop in comparison with the same month last year.

Coronavirus pandemic

City government details new restrictions on commerce, transport

26-05-2020 09:40 City government announces new restrictions on commercial activity and shopping, new controls on circulation of people in and out of the capital and closing of 11 train stations.

Lockdown restrictions

Children in Buenos Aires finally get nod to leave homes for recreation

11-05-2020 09:27 Buenos Aires City Mayor Horacio Rodríguez Larreta announces all kids in the capital can leave their homes for one hour either on Saturdays or Sundays, depending on the final number of their parents' DNI card.

Coronavirus pandemic

Buenos Aires City and Province account for 70% of Covid-19 deaths in Argentina

05-05-2020 12:43 Buenos Aires Province, the country's most populous region, has recorded 99 deaths at the time of writing, with 82 registered in the nation's capital.

Bloomberg

Economist Jeffrey Sachs praises Argentina's debt offer, says offer is ‘realistic’

29-04-2020 13:19 Argentina's offer to foreign creditors is "intelligent, balanced and realistic," according to economist and Columbia University professor Jeffrey Sachs.

Coronavirus pandemic

52% of Covid-19 infections recorded in Buenos Aires City and Province

22-04-2020 17:55 Region had registered to 103 of 142 deaths, or 72.5% of fatalities, as of Monday. Data indicates just how much Greater Buenos Aires has been affected by the pandemic.

Bloomberg

SoftBank’s Son bets on himself with US$7.4-billion pledge

24-03-2020 18:38 Masayoshi Son’s stake in the Japanese conglomerate has risen to 26.9 percent from 25.5 percent. With SoftBank’s shares gyrating wildly, he also pledged more stock against his holdings.

IMF's intervention

Venezuela requests US$5 billion from IMF to fight coronavirus

17-03-2020 20:49 President Nicolás Maduro requests US$5 billion from the International Monetary Fund. Venezuela’s health system is ranked among the worst in the world in its capacity to tackle a pandemic.

Debt talks & Covid-19

Pandemic poses perfect storm scenario for Argentine debt

16-03-2020 08:05 The global downturn, and the crisis caused by the coronavirus, could yet strangely benefit Argentina, according to some economists.

Debt restructuring

Government hires banking veterans for debt talks

10-03-2020 21:45 Three experienced Latin American bankers from HSBC Holdings Plc, Citigroup Inc. and Bank of America Corp. will lead the restructuring of more than US$76 billion of debt owed to global investors by Argentina and the province of Buenos Aires.

Debt talks

Buenos Aires Province hires Bank of Amercia, Citigroup for debt restructuring

09-03-2020 16:20 Citigroup and Bank of America have been contracted by the Buenos Aires provincial government to renegotiate debt issued under foreign legislation.

News of capital

In home of Malbec, eyes turn toward idled US$5-billion potash mine

Argentina tightens capital controls ahead of midterm elections

María Eugenia Vidal: 'Today I feel I'm the candidate of the entire coalition'

Yields topping 14% lure investors to world’s best utility bond

Venture capital surge delivers record for 'unicorn births'

Opposition's PASO line-up comes into focus as Bullrich drops out

Argentina loses emerging market status on FX controls

Rodríguez Larreta extends hours for restaurants, bars, shops, loosens curfew

Crypto mining booms on cheap, subsidised energy in Argentina

AFIP promises crackdown in 'wealth tax' enforcement launch

AFIP: One-off 'wealth tax' has brought in US$2.3 billion so far

Wealth tax fought by the rich raises more than US$2 billion

Behind the scenes, Kicillof and Rodríguez Larreta seek to rebuild bridges

Carlos Tevez seeks to avoid paying Argentina's new wealth tax

Government's plan to stabilise rents sends prices skyrocketing in BA

Argentina’s peso mess is delivering windfall profits to brokers

Tax-the-rich initiatives gain support across Latin America

Argentina's wealth tax has collected just 2% of target to date

Start-up Tiendanube raises US$89 million in funding round

Government's 'wealth tax' levy for virus relief takes effect

Senate approves one-time levy on assets for Argentina's richest

Senate begins analysing 'wealth tax' bill, vote likely early December

Chamber of Deputies approves government’s ‘wealth tax’ bill

Lower house opens debate on government's 'wealth tax' bill

Subte fares to rise from next week, highway tolls could more than double

Argentina gives Templeton, Pimco chance to trim peso holdings

Dozen secondary schools re-open doors in Buenos Aires City

Federal police officer killed in fatal stabbing attack near MALBA

Buenos Aires City reports less than 1,000 infections for ninth straight day

Anything but green

Protesters call on government to block eviction of Guernica camp

Offshore millionaires become target of wealth tax bill

Pesce, Guzmán split over curbs on dollar purchases

YPF leads Argentina corporate bond rout on new forex limits

Argentina bonds fall with tighter foreign-exchange controls

Officials concerned by crowded scenes at bars, restaurants in capital

Banks block accounts of those suspected of trying to circumvent dollar quota

Cristina & Macri’s pornographic obsession with the dollar

Fernández confirms government will impose one-off wealth tax

Just seven properties were sold in Buenos Aires City in April

City government details new restrictions on commerce, transport

Children in Buenos Aires finally get nod to leave homes for recreation

Buenos Aires City and Province account for 70% of Covid-19 deaths in Argentina

Economist Jeffrey Sachs praises Argentina's debt offer, says offer is ‘realistic’

52% of Covid-19 infections recorded in Buenos Aires City and Province

SoftBank’s Son bets on himself with US$7.4-billion pledge

Venezuela requests US$5 billion from IMF to fight coronavirus

Pandemic poses perfect storm scenario for Argentine debt

Government hires banking veterans for debt talks

Buenos Aires Province hires Bank of Amercia, Citigroup for debt restructuring

Javier Milei: ‘The more people are against the ropes, the more they will embrace freedom’

Argentina has paid for 46% of its Covid vaccines to date

Can Aníbal or (is he a) cannibal?

Zuccardi Valle de Uco ranked world's best winery for third straight year

Make way for the shantytown liberals

Gerardo Morales: "Los gobernadores del norte del FdT están trabajando para dar vuelta la elección"

Una familia dedicada al "narcolavado": incautan 2.000.000 de dólares, 5.000.000 de pesos y un Mustang rojo

Se desmoronó el cono del volcán Cumbre Vieja: cerraron el aeropuerto por la ceniza

El Reino Unido necesita 100 mil camioneros y tienta a extranjeros: ¿Cuál es el sueldo promedio?

Se "prometió" pero no se "realizó"