News of economy

IMF and Argentina making 'good progress' on new financing plan

22-11-2020 15:13 IMF mission team ends visit to Buenos Aires, saying that talks over a new financing plan are progressing well, with the two sides beginning to “delineate the contours” of a new deal.

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.

Guzmán, Pesce, Massa in isolation after IMF officials gets Covid-19

15-11-2020 20:55 A number of government officials – including Martín Guzmán, Miguel Pesce and Sergio Massa – went into preventative isolation on Sunday, after a member of a visiting IMF mission tested positive for Covid-19.

'Time will tell': Trump hints at election loss, talks up vaccine efforts

14-11-2020 11:01 President comes close but stops just short of acknowledging he lost the November 3 election to Democrat Joe Biden.

No Trump card in the disunited states

14-11-2020 09:09 When Charles I met his end, his studied dignity evoked that Shakespearian Macbeth line: “Nothing in his life became him like the leaving it” – today in the United States, Donald Trump continues to resist any such epitaph to his presidency.

CEOs frustrated with Argentina rattle off list of problems

13-11-2020 19:02 Global companies are growing ever more frustrated with Argentina. The specific gripes vary, but broadly speaking executives say it’s hard to make money given the multitude of challenges facing the nation.

Luis Arce takes power in Bolivia facing deep challenges

09-11-2020 14:46 Luis Arce assumed the Bolivian presidency on Sunday in a ceremony attended by foreign leaders including President Alberto Fernández.

IMF to launch talks with Argentina over new loan next week

06-11-2020 18:27 IMF confirms mission team will arrive in Argentina to start talks with the government over a new financing programme next week.

As devaluation talk swirls, Argentine traders rush into new bond

02-11-2020 19:18 Amid fears of a steep devaluation, traders in Argentina are falling over themselves to snap up local government notes that are linked to the US dollar.

Witching hours, from Guernica to Washington DC

31-10-2020 10:48 Viewing current affairs at home and abroad from this perspective of witches and saints seems as good an approach as any right now.

Letter from CFK

31-10-2020 09:05 At face value CFK's statement was packed with support for the president. And the Cabinet? Not so much

by Martín Gambarotta

Donald Trump: the wrecking ball who came to 'fix' America

31-10-2020 08:49 On November 3, Americans will decide whether to switch off the reality show. Trump, for one, certainly doesn't think they will.

Government mulling incentives for job growth, says Labour minister

27-10-2020 13:16 Argentina is considering fiscal incentives to encourage companies to hire workers after unemployment spiked to the highest in at least 16 years amid the pandemic, says Labour Minister Claudio Moroni.

Fernández de Kirchner calls for political pact to end Argentina’s currency woes

27-10-2020 00:20 Vice-President Cristina Fernández de Kirchner called Tuesday for a grand political agreement to resolve Argentina’s mounting currency crisis, a move that was mostly met with incredulity among the opposition.

Vaca Muerta gets US$5.1-billion lifeline

24-10-2020 08:48 New subsidy programme hopes to lure US$5 billion of investments and a dozen drill rigs, says Energy Secretary Darío Martinez.

Crisis and coronavirus: an almost 'impossible' combo for local businesses

24-10-2020 08:39 Local business lobby estimates that 60,000 PyMEs will shutter as a consequence of the coronavirus pandemic, potentially costing more than 600,000 jobs.

Guzmán: 'There will be no devaluation'

24-10-2020 05:44 Economy minister says currency will depreciate ‘hand-in-hand with inflation,’ as blue dollar soars to close at record high of 195 pesos per greenback.

Creditors blast Argentina for post-restructuring bond blow-up

22-10-2020 22:22 Argentina Exchange Bondholders group and the Argentina Creditor Committee rip government for mismanaging the economy, saying country is headed for disaster just seven weeks after restructuring US$65 billion in debt.

Covid-19 hits Mar del Plata, as pandemic surges in Argentina

19-10-2020 07:00 Mar del Plata has become an epicentre in a coronavirus surge through Argentina's interior that has given the country the fifth-highest confirmed case total in the world.

IMF predicts 11.8% GDP slump, says talks will start in November

17-10-2020 10:18 IMF chief Kristalina Georgieva says Argentina needs “a credible and comprehensive economic agenda that balances supporting the economy and people in this difficult time.”