News of companies

French multinational Danone announces strategic review of activities in Argentina

19-10-2020 09:43 French food multinational Danone plans biggest shake-up in years with portfolio review; changes could involve sale of Vega protein powder brand as well as a unit in Argentina.

EMERGENCY DECREE

Government freezes TV, Internet and mobile phone prices until 2021

21-08-2020 22:59 The government announced late Friday that is extending a price freeze for TV, Internet and mobile service until the end of the year, deeming them “essential public services.”

ANTITRUST AND REGULATION

Big Tech’s Funday in Congress

01-08-2020 10:18 Amazon, Facebook, Google, and Apple have become some of the most powerful organisations in the world – and the global coronavirus pandemic has only made their dominant position even stronger.

by Agustino Fontevecchia

TELEWORKING LAW

Congress approves law to regulate teleworking

01-08-2020 09:49 Senate grants passage to legislation laying down rules for workers and employers in post-pandemic future , mostly along party lines.

Bloomberg

Negative-yielding corporate bonds are all the rage in Argentina

30-07-2020 14:21 Argentine companies issued a record US$596 million of dollar-linked bonds domestically in the past two months, and about a third now pay negative yields. Investors, nevertheless, are lapping them up.

OPINION

Giorgio was right

04-07-2020 08:51 Quarantine has been renewed, presented as a lifestyle by the government.

by Pola Oloixarac

BLOOMBERG – ANALYSIS

Argentine corporates are bright spot after nation's debt default

18-06-2020 00:28 You might think Argentine companies will struggle to make bond payments due this year amid the government’s ninth default, a long recession and ever-stricter capital controls. You’d be wrong.

Pandemic fall-out

Via decree, government fixes price of ‘barril criollo’ at US$45

19-05-2020 17:45 More than a week after move was trailed heavily, Fernández administration imposes artificially fixed reference price in move to defend jobs and output levels – with an eye trained on Vaca Muerta shale.

Bloomberg

Airline JetSmart negotiating help with Argentine, Chilean governments

07-05-2020 13:05 Low-cost airline JetSmart Airlines SpA is in talks with the governments of Chile and Argentina about helping the sector in the midst of the coronavirus pandemic, said its CEO, Estuardo Ortiz, in an interview with radio Pauta Bloomberg.

Coronavirus pandemic

Tax on Argentina’s biggest fortunes to fight Covid-19 pandemic on way

15-04-2020 00:07 The tax will apply "to around 200 people and some 200 companies with the biggest invoicing,” Frente de Todos lawmaker Hugo Yasky told Radio Con Vos.

CHAMBER OF COMMERCE

Firms will go bankrupt within 30 days of no work, warns business lobby

28-03-2020 08:56 Argentina’s Chamber of Commerce praises government’s handling of coronavirus crisis but warns that paralysis of economic activity will hit companies hard.

MINING

Barrick Gold, Shandong invest in Veladero mine in San Juan

14-02-2020 14:08 Barrick Gold and Shandong Gold are pursuing three strategic projects with the aim of extending the useful life of the Veladero mine until at least 2030: investment, employment and growth.

PETROL PRICES

Uncertainty after Fernández orders YPF to halt rise in petrol prices

03-01-2020 07:00 President’s decision to order the YPF state oil company to halt a five percent increase in petrol prices creates uncertainty among producers and suppliers.

FUEL PRICES

Government's fuel prize freeze ends with 5% hike

14-11-2019 15:42 Formal end of the 90-day fuel price freeze, imposed in wake of Macri's PASO defeat arrives, with prices rising from today by a five percent rise on average.

ARGENTINE PONTIFF

Pope demands tech companies prevent kids from viewing porn

14-11-2019 12:45 Pope says tech companies should assume a moral responsibility to protect young people from what he said were the ruinous effects of pornography on their emotional and sexual development.

Bloomberg

Investors stuck in Argentina rush to local corporate bond market

11-10-2019 10:34 Foreign investors are starting to flock to Argentina’s usually sleepy local corporate-bond market, desperate to reinvest cash stuck in the country due to recently imposed capital controls.

ECONOMIC INDICATORS

Argentina's external debt equivalent to US$6,310 per person

09-10-2019 17:24 Foreign debt continues to grow, with the total figure now standing at close to US$284 billion, according to INDEC. That works out to around 378,604 pesos per person at the current exchange rate.

BLOOMBERG

Alberto Fernández aiming for higher tax take from wealthy individuals

30-09-2019 07:00 “Companies pay taxes, not individual persons. They do not pay for their wealth. And that must be changed,” Fernández said. “So what we have to do is focus on those taxpayers and ask them to help."

Bloomberg

MercadoLibre makes Argentina home to best bond in emerging markets

06-09-2019 08:01 A convertible note from MercadoLibre Inc., the Buenos Aires-based e-commerce company with operations across Latin America, has trounced its peers with a 72 percent return this year. That’s the best performance in all of emerging markets.

BLOOMBERG – OPINION

MercadoLibre & Globant: the two homegrown firms defying the gloom

22-08-2019 09:56 MercadoLibre and Globant increased their worldwide workforces 30% and 31%, respectively, to 7,239 and 8,384 in 2018 when most of the nation’s employers were either letting people go or not hiring during the recession.