News of firms

Debt load threatens Latin America jobs recovery, World Bank says

14-09-2021 12:06 Latin America’s heavily-indebted corporations are likely to delay rehiring workers during the recovery from last year’s slump, according to the World Bank.

ECONOMY

The secrets of ITBA, the cradle of Argentina’s unicorns

27-08-2021 21:17 Luis Paolini directs Business Management at the Instituto Tecnológico de Buenos Aires (ITBA), teaching a select group of around 30 students with a priority on critical mentality.

by Lorena Rodríguez

post-pandemic work

91% of firms will adopt ‘hybrid’ way of working in post-pandemic future

02-08-2021 17:00 Nine out of ten companies in Argentina plan to adopt a “hybrid” work scheme in the post-pandemic future, a new survey has revealed.

SMEs in Argentina

‘PyMEdemia’ – 20,000 SMEs closed, 100,000 jobs lost in 2020, says report

31-07-2021 00:07 New Ecolatina report says the number of small and medium sized companies in Argentina has dropped to 2008 levels in the midst of the coronavirus pandemic.

BIG TECH

Is Facebook a monopoly? A few ideas to help the FTC out…

10-07-2021 08:20 For anyone operating in the same digital ecosystem as Facebook, it is painstakingly clear that Zuckerberg’s creation has excessive market power and uses it to its own benefit. The same can be said about Google and a few other Silicon Valley giants.

by Agustino Fontevecchia

Bloomberg

Crypto mining booms on cheap, subsidised energy in Argentina

31-05-2021 10:41 Bitcoin miners are capitalising on the inefficiencies of the country’s interventionist economy to reap outsize returns, fuelled by memories of currency busts and powered by government-subsidised electricity.

Bloomberg

Central Bank extends rules for companies to restructure dollar debt

26-02-2021 01:31 BRCA extends deadline for companies to restructure debt in dollars until December 31.

BLOOMBERG

Bankrupt Venezuela cedes control of companies

16-02-2021 18:14 Dozens of confiscated firms have been transferred – but not sold – to private operators in so-called strategic alliances.

Bloomberg

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.

BLOOMBERG

Latin America’s winners and losers in US vote: Election guide

27-10-2020 13:45 Firms from Mexico, Brazil and Argentina are some of the Latin American stocks whose outlook is tied in part to the outcome of next Tuesday's US election.

Business departure?

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.

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.

Coronavirus pandemic

Local firms reinvent themselves to survive coronavirus pandemic

04-05-2020 12:58 Thousands of companies across Argentina have been left paralysed by the coronavirus pandemic. Many are reinventing themselves during the crisis as they vie to keep their firms afloat.

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.

Fight against virus

Crisis lending surges as government obliges banks to assist

02-04-2020 16:47 Credit lending is making a comeback in Argentina as the country seeks to flood its streets with pesos to mitigate the effects of the coronavirus.

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.

CORONAVIRUS CONSEQUENCES

Coronavirus casts another shadow over Argentina’s economy

14-03-2020 08:48 Consultancy firms predict outbreak will deepen economic turmoil in 2020, shaving as much as 0.5% off GDP

by Fermin Koop

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.