News of firms

Economists and businesses see a dollar drought on the horizon

03-11-2022 00:34 Private sector fears government's economic team will tighten restrictions on access to hard currency for purchase of inputs, creating a dollar desert drought until March.

MASSA’S TRIP TO WASHINGTON

Report: Argentina may request new loan from IMF’s ‘resilience’ trust

25-08-2022 17:00 Planning for Economy Minister Sergio Massa’s trip to the United States ramps up, with IMF talks leading the agenda.

BLOOMBERG - ANALYSIS

Argentines brace for 90% inflation after economy minister’s exit

14-07-2022 09:18 Consulting firms in Buenos Aires are predicting that Argentines face the prospect of 90% inflation by year end.

POLICY

Capital controls on tech firms, employees relaxed to halt ‘brain drain’

02-06-2022 20:41 Accumulation of Central Bank reserves is one of the key aims in changing regulations for the capital of software companies. Hi-tech sector has sounded alarms over number of formal jobs lost this year by employees seeking ‘dollarised’ salaries.

by Lorena Rodríguez

BLOOMBERG

Argentine firms cut from dollar access rush to refinance debt

20-05-2022 13:39 Local firms begin to refinance debt due next year as they lose faith Central Bank will roll back restrictions that limit access to dollars.

ECONOMIC INDICATORS

Tech firms lead job recovery amid company exodus

26-11-2021 15:01 Argentina's tech sector is a bright spot that is creating jobs even as many companies are closing in a hostile business environment.

MIDTERM ELECTIONS 2021

Midterm elections 2021: Pollsters forecast similar results to PASO

10-11-2021 16:01 Seven of Argentina’s top pollsters agree that the numbers won’t change much from the primaries, though there will be some differences. Some see the government pulling back points in the midterms; others envisage the opposition stretching their advantage.

by Gabriel Ziblat

ENVIRONMENT

Critics question climate crisis benefits of deep seabed mining

16-10-2021 09:00 Commercial mining of the deep seafloor is not yet happening, but momentum is building. In response, a growing number of experts are sounding the alarm about a variety of environmental, food security, financial, and biodiversity concerns.

by Marta Montojo & Ian Urbina

PANDORA PAPERS LEAK

World leaders scramble to limit 'Pandora Papers' damage

04-10-2021 13:20 More than a dozen heads of state and government, from Jordan to Azerbaijan, Kenya and the Czech Republic, have used offshore tax havens to hide assets worth hundreds of millions of dollars, according to a far-reaching new investigation by the ICIJ media consortium.

PANDORA PAPERS LEAK

Panama law firm heavily implicated in 'Pandora Papers' revelations

04-10-2021 13:01 Prestigious Panamanian law firm was named in the so-called 'Pandora Papers' as implicated in the creation of offshore shell companies meant to hide money in tax havens for more than 160 politicians and public figures.

PANDORA PAPERS

Here are the biggest revelations from the Pandora Papers leak

04-10-2021 10:19 Huge leak of financial records reveals offshore financial assets of dozens of current and former world leaders and hundreds of politicians from Asia and the Middle East to Latin America.

Bloomberg

MercadoLibre SPAC has 30 Latin America tech firms in its sights

02-10-2021 08:03 E-commerce giant's firm with venture capital firm Kaszek is just getting off the ground. Already, the e-commerce giant’s executives are mulling more partnerships in the region.

Bloomberg

Argentina’s CNV mulls allowing foreign listings on local markets

02-10-2021 07:56 National Securities Commission calls for public consultation to potentially allow foreign issuers to list securities on Argentina's local markets.

BLOOMBERG

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.