News of global economy

Argentina ETF sees record inflows as traders buy Milei’s efforts

25-11-2024 20:53 An exchange-traded fund tracking Argentine stocks saw record inflows as Wall Street embraces President Javier Milei.

G20 SUMMIT IN BRAZIL

Argentina snubs G20 summit launch of Brazil's global anti-hunger alliance

18-11-2024 11:05 Argentina the only G20 country not to sign up to a global anti-hunger initiative set to be launched at the opening of leaders summit in Brazil.

ECONOMIC OUTLOOK

IMF ups global growth forecast but signals medium-term pessimism

16-04-2024 13:25 International Monetary Fund slightly raises outlook for global growth this year to 3.2%; Multilateral lenders reiterates forecast that Argentina's GDP will fall by 2.8% and that inflation in 2024 will be 150%.

EU-Mercosur Deal

France: EU-Mercosur trade deal 'won't be signed as is'

31-01-2024 14:39 Protesting European farmers fear the deal would further depress produce prices amid increased competition from exporting nations that are not bound by strict and costly EU environmental laws.

Politics in Venezuela

Venezuela's opposition urges reinstatement of presidential hopeful

29-01-2024 16:45 Venezuela's political opposition demands nation's Supreme Court reinstate electoral eligibility of leader María Corina Machado, as anxiety swirled around this year's still unscheduled vote.

Tourism & travel

Global tourism to reach pre-pandemic levels in 2024, says UN agency

19-01-2024 12:03 International tourism is expected to recover to pre-pandemic levels in 2024, projects UN's World Tourism Organization (UNWTO).

Davos forum

Argentina's 'anarcho-capitalist' president descends on Davos

17-01-2024 09:58 President Javier Milei will address the global elite in Davos on Wednesday

ECONOMIC OUTLOOK

World Bank sceptical over Milei’s dollarisation plans

05-10-2023 00:45 Argentina’s economy is set to contract 2.5% in 2023, according to the World Bank.

economy

Brazil is pushing the US out of world’s biggest soybean market

24-07-2023 15:44 China's increasing reliance on Brazilian soybeans during the typical season lull signals a shift away from the US as South America's shippers dominate the market, impacting American farmers and geopolitics.

BLOOMBERG - ANALYSIS

Dollars are so scarce in Argentina that yuan use is at a record

26-06-2023 13:46 Yuan’s share of forex transactions hit record 28% this month; Dollars in short supply amid surging inflation, crop failures.

BLOOMBERG

Shortage of cooking oil looms as biofuels gain global appeal

22-03-2023 12:30 A global biofuel boom is set to drive a shortage of vegetable oils — used for cooking and now increasingly to power trucks and planes — intensifying a debate over food versus fuel.

Global economic outlook

From impending catastrophe to moderately optimistic?

04-02-2023 06:09 Just as the global economy was heading into an unavoidable recession, sentiment seems to have been reversed and optimism is taking over.

by Agustino Fontevecchia