News of investment

Colombia’s number one banker has no fear of leftist front-runner

19-05-2022 08:00 Luis Carlos Sarmiento Gutiérrez would figure to be one of the people fretting the most about the looming election of the first left-wing leader in Colombia’s modern history. But, at least publicly, he betrays little angst about the outcome of the vote this month.

FOOTBALL IN SOUTH AMERICA

Brazilian football clubs open doors to foreign investors

17-05-2022 10:45 After a century operating as non-profit associations, Brazilian clubs have started transforming their business models.

BLOOMBERG

As rivals turn screws on mining, Argentina puts out welcome mat

11-05-2022 23:35 Government turns to capital-control loopholes and tax breaks, eyeing export boost as neighbours look to raise mine taxes.

AMCHAM SUMMIT 2022

Guzmán tells AmCham that Argentina needs ‘common sense,’ not ‘fairy tales’

11-05-2022 01:19 Argentina’s economy minister addresses coalition tensions and inflation at AmCham summit; Opposition leaders Horacio Rodríguez Larreta and Patricia Bullrich pitch their visions to business leaders.

BLOOMBERG

MercadoLibre posts record revenue, braces for macro jitters

06-05-2022 09:08 Latin American e-commerce retailer grew its revenue more than forecast in the first quarter; Company plans to invest some US$10 billion across the region this year.

BLOOMBERG

How China beat out the United States to dominate South America

18-02-2022 22:29 It’s no secret that China has been pouring resources into South America this century, chipping away at the United States' historic dominance. But an important shift has gone largely unnoticed in the country's approach to the region: going local to expand and strengthen its financial grip.

BLOOMBERG

Latin American unicorns are helping drive a regional hiring boom

10-02-2022 15:41 The number of tech, remote firms hiring more than tripled; Argentina, Brazil and Mexico attract the most new hires.

nuclear deal

Argentina signs agreement to build fourth nuclear power plant

04-02-2022 03:22 New nuclear power plant, Atucha III, requires an investment of more than US$8 billion and will create 7,000 new jobs, according to the government. Announcement made on eve of president’s visit to China.

Bloomberg

JPMorgan plans to hire 500 as it takes top spot in Latin America

26-01-2022 09:45 JPMorgan Chase & Co plans to hire more than 500 people in the region as it gains market share and builds on its success in acquisition finance.

BLOOMBERG – INTERVIEW

Colombia presidential front-runner Gustavo Petro seeks global anti-oil bloc

17-01-2022 06:59 Colombia’s presidential front-runner Gustavo Petro is calling on ideological allies across Latin America and the world to join him in forming a new bloc to lead the economy away from fossil fuels.

MINING & ENVIRONMENT

Argentina wants to triple mining exports, despite social conflicts

12-01-2022 22:31 Government introducing new incentives to grow the sector over next decade, but social and environmental organisations warn of impact.

by Javier Lewkowicz, Diálogo Chino

LATIN AMERICA

Gabriel Boric has the chance to rewire Chile – and Latin America’s left

10-01-2022 10:24 Once the region’s no-frills, free-market poster child, Chile needs more government spending, not less, to sustain its growth trajectory.

BLOOMBERG

Argentine fintech start-up Ualá starts its own brokerage service

08-12-2021 08:51 Company to allow dollar purchases at parallel exchange rate; Start-up is ramping up investment after last funding round.

CRYPTOCURRENCIES

Argentina begins taxing cryptocurrency, reversing old stance

17-11-2021 15:17 Transactions involving cryptocurrencies will be subject to government's tax on bank credit and debts, effective immediately.

BLOOMBERG

Corporación América plans US$300-million Uruguay airport investment

12-11-2021 14:12 Airport operator Corporación América Airports SA is boosting its bet on Uruguay after receiving a 20-year extension on a key international airport there while beefing up its presence in the South American country with some smaller airfields.

BLOOMBERG

Shell, YPF to invest US$300M at Vaca Muerta in next two years

05-11-2021 02:12 With a US$300-million investment, the companies hope to reach a production of 15,000 barrels per day by 2024 and employ 800 people.

Lithium in Argentina

Argentina at crossroads over the future of its lithium sector

15-10-2021 16:56 Fernández administration wants to boost the state's role in lithium extraction and electromobility, but conflicts with local communities remain.

by Javier Lewkowicz, Diálogo Chino

BUSINESS

InvestBA helps push Buenos Aires onto international stage

27-09-2021 09:47 City Hall’s investment and trade promotion agency, better known simply as investBA, was created less than half a decade ago – but the agency is already making a name for itself on the international stage.

by Sophia Moore-Smith

GUEST VOICE

The challenge of reducing the gap between exchange rates

04-09-2021 10:39 Continuing the current chasm is a recipe threatening economic revival and halting investments.

by Miguel Kiguel

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

BLOOMBERG

In oddball Argentina, provinces seen as safer than sovereign

23-08-2021 13:10 Over the past three months, overseas bonds issued by provinces have handily outperformed sovereign counterparts, cementing their status as the preferred choice for investors.

ECONOMIC INDICATORS

Foreign investment in Latin America plummets, says UN

05-08-2021 15:24 Foreign investment in Latin America plummeted 35% in 2020 compared to the previous year, says UN regional commission on economic cooperation. Argentina suffered a fall of 39.7%, according to report.

Startups

Venture capital surge delivers record for 'unicorn births'

08-07-2021 11:41 According to a report by US-based firms, startups globally raised $156 billion between April and June, the highest level in a decade for the second quarter.

Cryptocurrencies

A crypto-revolution in Argentina

12-06-2021 00:17 Argentina’s economy is prime breeding ground for the crypto-world. And the populist promise of cheap energy here is a crypto-miner’s dream.

by Agustino Fontevecchia

Cryptocurrency

Bitcoin sinks and approaches US$30,000

08-06-2021 17:00 The price of bitcoin fell sharply on Tuesday by 8.6% to a value of $31,501, a level not seen since mid-May, dragging other cryptocurrencies in its wake.

CRYPTOCURRENCIES

Central Bank warns citizens of risks of cryptocurrencies

21-05-2021 13:35 Argentina, the land of currency crises, warns about crypto risks.

Cryptocurrency

Economic downturn fuels crypto craze in Argentina

07-05-2021 08:00 As Argentines battles high inflation, a weaker currency and a shortage of US dollars, citizens have been putting their money into cryptocurrencies like Bitcoin, Tether, Etherium or Dai.

Obituary

Bernard Madoff, mastermind of giant Ponzi scheme, dies at 82

14-04-2021 12:37 Bernard Madoff, the Manhattan investment adviser who promised stellar returns to his A-list clients and instead defrauded them of more than US$19 billion in history’s largest Ponzi scheme, has died in jail at 82 years old.

INVESTMENT

President pitches Argentina to top global investment funds

16-03-2021 21:23 President Alberto Fernández pitched Argentina’s growth potential to a host of top global investment funds on Tuesday, as he asked them to back the country and its bid for economic recovery.

Bloomberg

MercadoLibre to invest record US$1.8 billion in Brazil

01-03-2021 22:01 Latin American e-commerce powerhouse MercadoLibre Inc. is more than doubling its Brazilian investment this year, planning to deploy in 2021 the same amount it spent in the past four years combined.

Argentine-born banker

JP Morgan's Aguzin named Hong Kong stock exchange's CEO

09-02-2021 16:54 Argentine-born banker Nicolás Aguzin appointed Hong Kong Stock Exchange's new chief executive, at a time when Beijing is clashing with Western powers over its campaign to stamp out dissent in the financial hub.

YPF DEBT

YPF stuns creditors as nation’s dollars dwindle

23-01-2021 10:15 State energy company’s plan to saddle creditors with losses in a debt exchange leads to frantic unloading of shale driller’s bonds.

LATIN AMERICA

UN: Foreign direct investment in Latin America to fall by up to 55%

02-12-2020 13:39 Foreign direct investment in Latin America will fall by up to 55% in 2020, the UN's regional economic commission said Wednesday.

BLOOMBERG

China’s state grid makes a US$3-billion push into Latin America

13-11-2020 13:53 State Grid Corp of China will pay 2.57 billion euros for an electricity network company in Chile, its first overseas deal in almost a year and a move that resumes its expansion abroad.

SHALE PLAY

Vaca Muerta gets US$5.1-billion lifeline

24-10-2020 08:48 New subsidy programme hopes to lure US$5 billion of investments and a dozen drill rigs, says Energy Secretary Darío Martinez.

Bloomberg

Guzmán says Argentina mulling changes to tax, social security systems

22-10-2020 01:36 Argentina is considering changes to its tax and social security structures as part of a plan to address economic imbalances, Economy Minister Martín Guzmán reportedly told a group of investors last week.

Energy

Fernández unveils plan to boost production at Vaca Muerta

17-10-2020 08:05 President Alberto Fernández says Argentina wants energy firms to invest some US$5 billion to boost hydrocarbon production and generate jobs in the country’s prized Vaca Muerta shale deposits.

Bloomberg

Argentina expands tech companies’ incentives amid recovery push

10-10-2020 20:35 Government expands benefits to its burgeoning tech sector in an effort to boost much-needed foreign investment and exports.

BLOOMBERG – ANALYSIS

Rout in billionaire family's bonds shows no-one trusts Argentina

25-09-2020 11:55 For all of Argentina’s assurances that a round of capital controls announced last week are only temporary, investors are making the opposite bet – and the evidence is there for all to see.

FORMER PRESIDENT RE-EMERGES

Why Macri re-appeared and broke his silence

19-09-2020 10:13 Former president returns to prominence with scathing La Nación column. Sources close to the PRO leader describe his view of Cristina, Alberto and the opposition coalition.

by Ezequiel Spillman

Budget proposal

Fernández's first Budget projects 5.5% growth in 2021

16-09-2020 01:17 Government's budget bill forecast for 2021: economic growth of 5.5%, primary fiscal deficit of 4.5%, inflation at 29% and 102 pesos per dollar.

DEBT RESTRUCTURING

Creditors reiterate support for debt swap

22-08-2020 10:05 Ad Hoc Group of Argentina Exchange Bondholders says members will be entering Argentina’s debt swap proposal to the tune of almost US$5 billion on Monday.

SINO-ARGENTINE RELATIONS

Alberto Fernández planning 'strategic trip' to China in November

19-08-2020 22:44 Peronist leader eyeing potential trip to Asian powerhouse in November. Multi-billion-dollar agreements and the coronavirus pandemic lead agenda for talks with Argentina's leading trade partner.

by Juan Luis González

Bloomberg

Negative-yielding corporate bonds are all the rage in Argentina

30-07-2020 14:21 Argentine companies issued a record US$596 million of dollar-linked bonds domestically in the past two months, and about a third now pay negative yields. Investors, nevertheless, are lapping them up.

BLOOMBERG

Moon-shot bets on junk power bond in Argentina bring a windfall

22-07-2020 11:57 Amid a minefield of underperforming and already defaulted debt, notes from power producer MSU Energy are outshining all others.

GLOBAL PANDEMIC

Uruguay rides out Covid threat without imposing a lockdown

04-07-2020 09:30 "Freedom with responsibility" has been the name of the game in Argentina’s small neighbour – the country has less than 1,000 registered cases and less than 30 deaths.

BLOOMBERG - OPINION

Good behaviour won't deliver Argentina from economic pain

03-06-2020 15:50 Argentina deserves debt relief, but also a credible way forward. The country still needs a path to growth, new investment and the prospect of fiscal reasonableness beyond the pandemic – and that is where the road map ends.

by Mac Margolis

BLOOMBERG

Default prompts a Paul Singer sequel in credit default swap decision

27-05-2020 16:30 Paul Singer's investment firm Elliott Management Corp is one of 14 companies that will decide whether credit-default swaps were triggered by last week’s failure to meet a payment deadline.

News of investment

Colombia’s number one banker has no fear of leftist front-runner

Brazilian football clubs open doors to foreign investors

As rivals turn screws on mining, Argentina puts out welcome mat

Guzmán tells AmCham that Argentina needs ‘common sense,’ not ‘fairy tales’

MercadoLibre posts record revenue, braces for macro jitters

How China beat out the United States to dominate South America

Latin American unicorns are helping drive a regional hiring boom

Argentina signs agreement to build fourth nuclear power plant

JPMorgan plans to hire 500 as it takes top spot in Latin America

Colombia presidential front-runner Gustavo Petro seeks global anti-oil bloc

Argentina wants to triple mining exports, despite social conflicts

Gabriel Boric has the chance to rewire Chile – and Latin America’s left

Argentine fintech start-up Ualá starts its own brokerage service

Argentina begins taxing cryptocurrency, reversing old stance

Corporación América plans US$300-million Uruguay airport investment

Shell, YPF to invest US$300M at Vaca Muerta in next two years

Argentina at crossroads over the future of its lithium sector

InvestBA helps push Buenos Aires onto international stage

The challenge of reducing the gap between exchange rates

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

In oddball Argentina, provinces seen as safer than sovereign

Foreign investment in Latin America plummets, says UN

Venture capital surge delivers record for 'unicorn births'

A crypto-revolution in Argentina

Bitcoin sinks and approaches US$30,000

Central Bank warns citizens of risks of cryptocurrencies

Economic downturn fuels crypto craze in Argentina

Bernard Madoff, mastermind of giant Ponzi scheme, dies at 82

President pitches Argentina to top global investment funds

MercadoLibre to invest record US$1.8 billion in Brazil

JP Morgan's Aguzin named Hong Kong stock exchange's CEO

YPF stuns creditors as nation’s dollars dwindle

UN: Foreign direct investment in Latin America to fall by up to 55%

China’s state grid makes a US$3-billion push into Latin America

Vaca Muerta gets US$5.1-billion lifeline

Guzmán says Argentina mulling changes to tax, social security systems

Fernández unveils plan to boost production at Vaca Muerta

Argentina expands tech companies’ incentives amid recovery push

Rout in billionaire family's bonds shows no-one trusts Argentina

Why Macri re-appeared and broke his silence

Fernández's first Budget projects 5.5% growth in 2021

Creditors reiterate support for debt swap

Alberto Fernández planning 'strategic trip' to China in November

Negative-yielding corporate bonds are all the rage in Argentina

Moon-shot bets on junk power bond in Argentina bring a windfall

Uruguay rides out Covid threat without imposing a lockdown

Good behaviour won't deliver Argentina from economic pain

Default prompts a Paul Singer sequel in credit default swap decision

China, US are in a space race to make billions from mining the moon's minerals

Argentina moves closer to joining BRICS group

What a Russian defeat could mean

Can’t see the forest for the trees

Milei’s star continues to rise – at the expense of traditional politicians

Alberto frenó a Cristina

Cómo era la relación entre Felipe Pettinato y Melchor Rodrigo: se conocieron presuntos chats

La seductora hija de Uma Thurman y de Ethan Hawke deslumbró en la premiere de 'Stranger Things 4'

De los 21 asesores de Carmen Álvarez Rivero en el Senado, cinco responden a Luis Juez

El show del espanto