News of capital

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.

Hernán Lacunza: 'The healthy antidote for avoiding capital flight is confidence'

03-06-2022 10:27 Former economy minister Hernán Lacunza on the IMF debt agreement, eyeing short-term fetishes instead of solutions and capital flight.

by Jorge Fontevecchia

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.

‘Kun’ Agüero versus the Kirchnerites

18-02-2022 22:54 Sergio Agüero sparks debate and anger on social networks after he questions the national government’s ‘wealth tax’ on large fortunes.

by Daniel Vico

Argentine fintech start-up Ualá starts its own brokerage service

08-12-2021 08:51 Company to allow dollar purchases at parallel exchange rate; Start-up is ramping up investment after last funding round.

Argentine warrants more than double after ruling favours Aurelius

03-12-2021 01:27 US court rules Argentina will be required to show how it calculated statistics at the centre of a legal battle between the country and hedge fund Aurelius Capital Management LP.

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.

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

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.

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 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.

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.

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.

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.

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.

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.

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.

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.

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.