News of economy

Problems amassing for Massa

18-03-2023 03:43 In contrast to 2022, this year thus far has brought in little other than bad news for Sergio Massa, while taking a distinct turn for the worse in recent days.

Panic in Silicon Valley

18-03-2023 03:12 The global economy has stepped on another landmine. Increased instability will hurt Argentina, as it did after 2008.

by Agustino Fontevecchia

Hotels in Buenos Aires hit decade-high occupancy rates

15-03-2023 13:48 Hotels in Argentina’s capital recorded their highest average room occupancy levels for a decade in 2022, boosted by massive concerts, events and a domestic tourism boom.

by Enrique Garabetyan

Enemies

15-03-2023 11:55 Does Alberto Fernández really believe that he has a chance of winning a head-to-head battle with a candidate supported by Cristina, or better still, with the vice-president herself?

by Carlos De Angelis

Argentina wants to take its shale expertise to new oil frontier

12-03-2023 09:23 Palermo Aike fields in Santa Cruz Province could increase Argentina's shale reserves by about a third, Economy Minister Sergio Massa tells investors.

Argentina's officials, analysts disagree on results of debt swap

12-03-2023 08:56 Participation in last Thursday's debt swap may have been less than reported, with government officials and analysts disagreeing on how the results should be counted.

Argentina looks to buy time on US$37 billion of maturing debt

09-03-2023 13:27 Argentina is expert at buying itself time to pay off debt that’s coming due, and on Thursday it plans to use its hard-earned skills to delay bond repayments of an estimated US $37 billion until after a presidential election. 

Argentina now has almost 2.9 million self-employed tax-payers

08-03-2023 22:52 Registered wage labour accounts for 10,187,000 people in total (including the private and public sectors and domestic service), according to the Labour Ministry.

Government moves to stop wetlands bill from foiling lithium boom

07-03-2023 13:07 Government in talks with firms, policy makers to prevent wetlands-protection bill from slamming brakes on lithium exploration.

Argentina’s copper rush lures top power generator Central Puerto

07-03-2023 11:11 One of Argentina’s biggest power producers is trying to get in on the nation’s copper boom as the rush for key metals in the global energy transition accelerates.

South America steps up efforts to turn lithium into batteries

06-03-2023 14:22 Argentina, Chile, Bolivia and Brazil plan to coordinate action on turning more of the region’s mined lithium into battery chemicals, as well as moving into manufacturing of batteries and EVs.

Report: Drought to slash Argentina’s exports by US$20 billion

06-03-2023 13:50 Technical report by the CREA agricultural group projects soy harvest will fall 38% from last season, with maize down 30% and wheat down 37%.

President raises stakes, reignites feud with Judiciary

03-03-2023 10:30 Alberto Fernández delivered the traditional state-of-the-nation speech to the legislative assembly on Wednesday, marking the beginning of the congressional year. Defending his administration and pretending all is well with his vice-president, the president trained his ire on the Supreme Court and the justice system, ramping up tensions in a crunch election year.

by Michael Soltys

Brazil's economy grew 2.9% in 2022

02-03-2023 12:12 Argentina's giant neighbour grew 2.9% in 2022, according to data released Thursday by the Brazilian Institute of Statistics.

Vaca Muerta awakes as pipelines revive shale hopes

27-02-2023 15:07 Argentina’s energy industry has seen its fair share of false dawns, but the construction of a pipeline is an irrefutable step towards cutting the country's dependency on fuel imports.

Macron warns EU-Mercosur deal hinges on environment

25-02-2023 15:30 French president says long-delayed trade deal between the EU and four Latin American nations "is not possible" if they do not follow European environmental policies.

Argentina seeks fresh IMF approval – and US$5 billion in funds

21-02-2023 15:58 Top officials head to Washington for talks with IMF over latest quarterly review; Government needs to boost reserves amid strong foreign currency outflows and punishing drought that has wrecked agricultural harvest projections.

Colombia, Venezuela revive trade deal after four-year suspension

17-02-2023 10:54 Venezuelan leader Nicolás Maduro says he is committed to establishing a joint "economic zone" with specific conditions for trade.

'Like James Bond' – Price spies fan out to fight inflation

15-02-2023 00:07 A group of ordinary citizens are volunteering their time to police stores' adherence to price controls proposed by the government to curtail spiralling inflation.

Inflation continues to soar, prices up 6% in January

14-02-2023 18:02 Consumer prices in Argentina rose six percent in January, accelerating from the previous month despite the renewal of the government's sweeping price control programme.