News of economy

News in the age of the Internet

27-02-2021 07:51 At stake is the health of our information ecosystem, and therefore the robustness of democracy. This is the time for everyone with a vested interest in a strong field of journalistic production to act.

by Agustino Fontevecchia

Government considers using new IMF reserves for loan payment

26-02-2021 16:58 Argentina is considering using new reserves to be issued by the International Monetary Fund to make a payment due to the lender in September, according to a person with direct knowledge.

Bolsonaro calls for more changes after general goes to Petrobras

21-02-2021 08:25 Brazil leader says that more changes are underway after naming a former general to head Petrobras. Experts say Bolsonaro has chosen "economic populism."

Bolsonaro appoints Army reserve general to head Petrobras

21-02-2021 08:12 Brazil's far-right president appoints Army reserve general Joaquim Silva e Luna to lead state-owned energy giant Petrobras, after criticising several successive increases in the price of fuel. 

Choose your own Menem

20-02-2021 07:46 As from Menem, public officials who got rich on the job began to be the rule rather than the exception.

by Javier Calvo

Charlie was my darling

20-02-2021 07:40 A selection of purely personal memories and perceptions of Carlos Menem, including some that differ from conventional wisdom.

by Michael Soltys

Menem, ex-president who led Argentina for 10 years, dies at 90

14-02-2021 13:17 Former president, whose economic policies quashed hyperinflation during the 1990s but sowed the seeds for what became the largest debt default in history, has died. He was 90.

Dilemmas and defining factors

13-02-2021 10:36 Two entirely different news items at opposite ends of the past week might well be the shape of defining factors in this year’s elections.

Guzmán’s first mistake

13-02-2021 08:40 The economy minister’s appeal stems from a technocratic approach to the field of public economics, coupled with a soft but convincing, almost stubborn, conviction in his plan.

by Agustino Fontevecchia

Inflation continues to rise: Prices were up 4% in January

12-02-2021 01:00 INDEC national statistics bureau says prices rose by 4% in January, equal to December's rate.

Brazil's watershed 'Lava Jato' graft probe ends with a whimper

08-02-2021 15:20 One of the biggest corruption investigations in history wraps up after falling into scandal itself.

Not so much how to win as when?

06-02-2021 10:32 The current combination of capital controls, price freezes, overpriced bonds, etc. might suffice for the next eight months without bursting, but not for a further two years.

Oxfam hails Argentina’s ‘wealth tax’ as law takes effect

30-01-2021 08:21 Charity calls on other nation states to raise taxes on their richest citizens, citing government’s new law as an example.

IMF cuts Argentina’s 2021 growth estimate to 4.5%

30-01-2021 08:16 Fund predicts strong economic rebound across the globe, but trims forecast for local economy by 0.4%.

Trade volume fell 14.9% in 2020, but with US$12.5B surplus

28-01-2021 16:43 Trade volume last year totalled US$97.24 billion, 14.9% down from the previous year, but with surplus of US$12.528 billion.

Argentina posts first trade deficit since 2018 after port strike

27-01-2021 11:08 Country recorded a trade deficit of US$364 million in December, government data published Tuesday showed. While imports grew 25% in annual terms driven by an economic recovery, exports slumped by 34%.

New US president gets to work rolling back Trump-era policies

23-01-2021 09:54 Biden issues flurry of executive orders, warns that Covid-19 is expected to kill "well over 600,000" in the United States.

Biden, facing historic challenges, vows to end ‘uncivil war’

23-01-2021 09:32 Trump era finally draws to close as Joseph Biden is sworn-in as 46th president of United States, two weeks after deadly attack on US Capitol.

Oaktree, BlackRock are among YPF creditors organising

18-01-2021 17:25 Investment firms including Oaktree Capital Management and BlackRock Inc are organising into two groups to negotiate with YPF SA after the state oil producer proposed a debt swap that would saddle them with losses.

Grain means pain, corn meets scorn

16-01-2021 09:13 Maize in a maze would be as good a way as any of describing the government’s slapdash suspension of corn exports early in this new year.

by Michael Soltys