News of economy

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.

JPMorgan to rent 20 floors in historic Buenos Aires office deal

09-05-2025 15:50 JPMorgan Chase & Co signs lease to rent 20 floors on a two-building campus in Núñez set to open in 2026.

Colombia moves to join China's Belt and Road

07-05-2025 11:19 Colombian leader Gustavo Petro says he will sign a "letter of intent" to join the Belt and Road Initiative, a central pillar of his Chinese counterpart Xi Jinping's bid to expand Beijing's economic and political clout overseas.

Merz tells France Mercosur trade deal must be ratified 'quickly'

07-05-2025 11:13 New German chancellor Friedrich Merz says EU countries should "quickly" ratify a free-trade deal with the Mercosur bloc that has met with staunch opposition from France.

Lundin Mining reveals largest copper find in 30 years in Argentina

05-05-2025 17:27 BHP Group’s joint-venture partner Lundin Mining Corp declares companies’ Filo del Sol project in South America to be the largest discovery of copper in three decades.

Caputo: Argentines should spend dollars without 'explanations'

05-05-2025 15:31 Argentina’s Economy Minister Luis Caputo calls for “cultural shift” in which citizens should be able to spend dollars without “having to provide explanations” over what they buy or origin of funds; Government to introduce measures to facilitate circulation of greenbacks.

Transport secretary for chop as Milei government churn continues

01-05-2025 15:18 Franco Mogetta, linked to Córdoba Province Governor Juan Schiaretti, set to be latest official removed from President Milei’s administration.

Chinese business interests await gesture from Milei towards Xi

01-05-2025 09:18 Over-enthusiasm for the United States has damaged links with China, hampering political moves towards investment and trade agreements. A presidential trip to the Asian power is the key to smoothing the acrimony.

by Eugenia Muzio

Savers buying up dollars after Milei lifts currency controls

30-04-2025 12:08 Savers are going back to the bank to buy dollars after President Javier Milei granted them complete freedom to do so.

McEwen weighs Argentina share listing as part of copper unit IPO

30-04-2025 11:53 McEwen Copper is planning an IPO in New York or Toronto to help fund construction of its Los Azules project in San Juan Province.

The shepherd who lost his country

26-04-2025 05:00 Argentina electing Milei, just as an Argentine was running the Vatican on a unifying message, is as if John Paul II had seen his Polish compatriots vote for a version of Joseph Stalin, rather than Lech Wałęsa.

by Marcelo J. García

Loan to Trump-friendly Argentina went against IMF board concerns

25-04-2025 11:23 Argentina's new loan with the International Monetary Fund was granted despite raising red flags for many of the lender's top decision-markers.

Milei defies forecasts so far as Argentina’s peso strengthens

23-04-2025 22:41 Analysts see a stronger peso over the next few months with traders buying into President Javier Milei's plan.

Latin America is master of its markets, not Trump, Bradesco says

23-04-2025 22:34 Outlook for Latin American shares depends more on local elections and fiscal and monetary policy than it does Donald Trump’s tariff war.

Bessent signals US willingness to offer Argentina a credit line

22-04-2025 14:34 US Treasury Secretary Scott Bessent says Trump administration would be willing to offer Argentina’s government a credit line if President Javier Milei’s economic turnaround was in jeopardy.

IMF holds firm on Argentina growth forecast despite global uncertainty

22-04-2025 12:35 Washington-based lender cites early 2025 economic rebound and rising confidence amid broader warnings over global slowdown.

US Treasury secretary makes flying visit – with no extra dollars

16-04-2025 14:52 Behind the scenes of US Treasury Secretary Scott Bessent’s visit to Argentina. Lunch with business leaders, Caputo and Milei meets, celebrations at the Economy Ministry and trade talks.

by Eugenia Muzio

Milei risks reigniting inflation by floating Argentina’s peso

16-04-2025 12:35 Decision to ease currency controls is having an impact in the real economy. Retailers and importers are cautiously adjusting their prices as the peso weakens. And some fear it could spark inflation.

Trump’s China trade war is forcing Latin America to pick a side

15-04-2025 14:02 Intensifying battle between world’s two largest economies has left governments grappling with the reality that their days of doing big business with Beijing without serious blowback from Washington are numbered.

Bessent expects Argentina to be able to pay off China swap

14-04-2025 19:13 Scott Bessent hails Argentina as a free-market beacon in Latin America; US Treasury secretary said he expects Argentina to be able to pay off its swap line with China, but that US government isn’t considering providing any direct credit.