News of companies

Argentine utility Albanesi approaches creditors after missed bond payment

09-05-2025 16:41 Generación Mediterranea SA and Central Térmica Roca SA are approaching bondholders to resolve a dispute over US$19 million in due interest.

ANALYSIS: SHOCK THERAPY

Corporate defaults start piling up as Milei policies kick in

07-05-2025 12:28 As Javier Milei removes the distortions that once characterised Argentina’s economy, companies that bulked up on debt by exploiting exchange rate gaps are hurting.

SCANDAL IN URUGUAY

Uruguay rocked by US$300 million in cattle fraud claims

20-03-2025 12:21 Urugauy is facing one of its biggest-ever retail investor fraud cases, with companies peddling cattle investments accused of bilking savers out of hundreds of millions of dollars.

STATE SELL OFF

Milei’s first Argentina privatisation beset by US$536-million debt

29-11-2024 21:57 President Javier Milei is imposing a December deadline on Argentina’s first bid to sell a long list of state-run companies to the private sector, outlining how challenging it will be.

ECONOMY – ANALYSIS

Milei gets vote of confidence in wave of Argentine debt sales

15-10-2024 11:22 Argentina’s largest companies are rushing to issue dollar debt, a tentative sign that Javier Milei’s shock therapy is starting to restore investor confidence.

BUSINESS & INVESTMENT

Mercado Libre founder vows US$75-million investment as he hosts Milei

05-09-2024 11:41 President Javier Milei received by Mercado Libre founder Marcos Galperin as he visits offices of tech giant; Entrepreneur, who is gripped in a “cartelisation” battle with Argentina’s banks, says US$75-million investment will create 2,300 new jobs at logistics centre.

PRESIDENT'S FAMILY

Bus firms part-owned by Milei’s father received huge state subsidies

25-06-2024 14:10 Journalistic report discovers state gave US$33 million to Norberto Milei’s transport companies in subsidies between 2005 and 2007. After selling his shares, he gifted assets to his children.

PRESIDENTIAL CHIEF-OF-STAFF

Investigation reveals Karina Milei’s role in Miami property firm

06-05-2024 17:11 Presidential Chief-of-staff was part of a US-based firm Alkary Investments LLC, which was controlled by her parents, which bought four properties for US$2.7 million in 2018 and later ran into court trouble.

BLOOMBERG – ANALYSIS

HSBC joins firms exiting Argentina amid Milei's economic makeover

10-04-2024 15:24 Foreign companies reluctance contrasts with local optimism; Exxon and Clorox decided to divest investments in Argentina.

PUBLIC SECTOR

State firms lost US$18 billion during Fernández government, data shows

01-04-2024 18:31 Bulk of that figure is explained by the energy and railway subsidies; Only in 2023, a loss of around US$5.4 billion was recorded.

#8M: Women's Rights

Corporate shortfall: Women far from reaching 50% of corporate leadership positions

08-03-2024 06:10 Despite the increased presence of women on boards of directors, the corporate world is still largely run by men.

INVESTIGATIVE REPORT

'Los dueños de la tierra': Argentina’s 20 biggest landowners

24-02-2024 06:25 Among those who concentrate the most terrain are businessmen and groups with between 100,000 and over a million hectares of land of every type. Some like Benetton or the Cresud, owned by Eduardo Elsztain, are better-known, but companies with Chinese, Swiss and Chilean capital also appear, along with bit players.

by Ariel Stemphelet

ECONOMIC INDICATORS

Argentina's inflation rate slows in Javier Milei’s first full month

14-02-2024 16:49 Inflation in Argentina is exceeding 250% year on year, but cooled from 25.5% to 20.6% in January from a month earlier.

MILEI (AND MACRI) VERSUS AFA

Milei moves to allow privatisation of Argentina’s football clubs

21-12-2023 15:40 AFA and sporting institutions ready to challenge libertarian leader’s move; President intends to let clubs “take it or leave it,” says official.

by James Grainger

'Círculo rojo'

Business world recalculates in face of Milei wave

05-10-2023 15:29 One sector is "worried" by the advance of a mood which could affect business institutions. A new ‘grieta’ chasm has opened up between the "prebendarios" (those living off the state) and "autónomos" (self-financing). A youthful sector of the economic elite already backs the libertarian.

by Ariel Maciel

Business

Spanish multinational Inditex exits Argentina by franchising Zara

20-07-2023 12:16 Spanish giant Inditex has decided to transfer the management of its brands' operations in Argentina and Uruguay mainly due to import restrictions.