Private consumption persisted in its downward trajectory in May, contracting by 0.3% month-on-month and 2.2% year-on-year, marking the sixth consecutive annual decline, as reported. In the first five months of 2026, the total decrease was 1.8%. In this context, supermarkets and wholesale retailers have identified inadequate demand as the primary obstacle to expanding their operations, … Read more
President Javier Milei has articulated his stance on granting legal recognition to companies overseen by artificial intelligence, following cautionary remarks from Israeli historian and philosopher Yuval Noah Harari regarding the potential for these entities to introduce unparalleled challenges in terms of accountability and regulation. In an extensive statement released on Thursday via social media, the … Read more
MSCI Inc is set to determine next week if Argentina will be reinstated in global stock indexes, a decision that may catalyse an influx of capital into the relatively illiquid domestic market. The index compiler is set to publish its Classification Review on June 23, which will determine whether Argentina remains on Standalone status, initiates … Read more
Argentina achieved a historic trade surplus of US$3.5 billion in May. The trade balance recorded a surplus of US$11.7 billion in the initial five months of 2026, exceeding the total surplus of US$11.2 billion for the entire year of 2025. The result was propelled by persistent export growth, which attained a new all-time high of … Read more
YPF, the state-owned oil company, has entered into a letter of intent with Tesla, the automaker, to investigate the potential establishment of a fast-charging network for electric vehicles in Argentina. The announcement was made by YPF President Horacio Marín, who, on Monday, visited Tesla’s Gigafactory in Texas with Michael Snyder, the vice president of energy … Read more
President Javier Milei anticipates that substantial investments in energy and mining will not only redefine the nation’s productive and export landscape but also alter the living conditions of millions of Argentines. Deregulation and State Transformation Minister Federico Sturzenegger, a cabinet member closely aligned with the president’s economic ideas, has articulated this ambition most clearly. Sturzenegger … Read more
In an effort to help Argentina’s struggling economy get access to global capital markets, the World Bank announced on Tuesday that it was providing guarantees to grant the country access to up to US$2 billion in commercial loans. Argentina, burdened by debt, faces private debt obligations exceeding US$4 billion that are set to mature in … Read more
The announcement that the United States and Iran have reached an agreement to reopen the Strait of Hormuz triggered a strong reaction across global markets. Oil prices experienced a significant decline due to anticipations that energy transportation via a critical global shipping route will stabilise. Concurrently, equity futures on Wall Street saw an uptick, and … Read more
The explanations provided by Cabinet Chief Manuel Adorni regarding his cryptocurrency investments have once again come under scrutiny. Last week, blockchain specialist Fernando Molina analysed one of the digital wallets the official showed during a recent television interview and estimated potential profits of around US$60,000 – far below the US$300,000 Adorni claimed to have earned … Read more
The Cordillera Sanjuanina, a segment of the Andes mountain range situated in San Juan Province, is poised to accommodate thousands of workers in a newly constructed city. Established within the framework of the Vicuña mining initiative, this location is set to function as the central hub for the extensive project spearheaded by Lundin Mining and … Read more