News of capital

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.

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.

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.

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.

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.

Facemasks no longer mandatory in enclosed spaces, says City Hall

16-06-2022 10:51 More than two years on since their introduction, the use of face masks is no longer compulsory in enclosed places in Buenos Aires, City Hall announced this week. 

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.

Argentina must move faster to realise potential, top miner says

19-05-2022 14:20 Canadian mining entrepreneur Rob McEwen urges Argentina to move forward with legislative changes that would increase the nation's attractiveness to investors.

Argentina signs agreement to build fourth nuclear power plant

04-02-2022 03:22 New nuclear power plant, Atucha III, requires an investment of more than US$8 billion and will create 7,000 new jobs, according to the government. Announcement made on eve of president’s visit to China.

Wealth tax nets 247 billion pesos from 10,000 tax-payers

29-12-2021 23:19 According to Economy Ministry data, revenue from Argentina’s one-off capital levy on assets totals 247.503 billion pesos (around US$2.4 billion) as of December 18, with contributions from more than 10,000 tax-payers.

Milei the ultra-liberal vows to do away with Argentina's ‘political caste’

11-11-2021 23:18 Outspoken ultra-liberal economist Javier Milei’s rhetoric continues to find its target; All eyes on Avanza Libertad’s performance in Sunday’s election.

Currency turbulence continues: Blue dollar closes at 199

05-11-2021 18:26 In the last three weeks, the 'blue' dollar has soared 15 pesos, widening the gap over the official exchange rate and adding to inflationary pressures.

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

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.

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.