President Javier Milei stated on Sunday his openness to engage in dialogue with various sectors of the country. However, he contended that the political debate in Argentina lacked intellectual honesty, responding to a critique from Pope Leo XIV during the significant papal visit. Milei, 56, contended that the opposition had supported 40 government bills last … Read more
In the midst of increased volatility in both the international and domestic markets, Sam Hewson, Head of Foreign Exchange Sales at Citibank, returned to Argentina after an eight-year absence. The former was influenced by factors such as the AI boom, the U.S. elections, and the war in the Middle East, while the latter was more … Read more
Argentine financial markets experienced a significant downturn on Thursday, as dollar bonds topped the list of emerging-market losses, while overnight repo rates escalated sharply due to increasing concerns regarding the government’s fiscal situation. The sell-off, which has been building for days, gained fresh steam as analysts pointed to signs the government was purchasing peso bonds … Read more
Upon waking in Buenos Aires on Tuesday, November 3, Pablo Casas quickly learned of his month-long suspension from work. For a period exceeding two years, he was employed in the Observability department at IT systems firm ITTI, which rendered support to the Grupo Vázquez holding company, with a primary focus on Ueno Bank. In recent … Read more
President Javier Milei enjoys provoking audiences both in Argentina and internationally with his assertion, “taxes are robbery and I’m saying that as the head of state.” Yet the libertarian tax authorities exerted such pressure on numerous small businesses to fulfilll their obligations that it culminated in a political issue. Aggressive enforcement tactics have incited frustration … Read more
With an emphasis on the hydrocarbons industry, Argentina’s Ministry of Economy announced on Thursday that it will host a second business matching event under the Large Investment Incentive Regime. The announcement was made by Economy Minister Luis Caputo on social media, just one week after the initial event took place in the city of Rosario, … Read more
Economy Minister Luis Caputo stated on Wednesday that Donald Trump’s significant midterm defeat would not impact relations with Argentina, asserting that President Javier Milei’s administration is equipped to endure any potential financial turbulence independently of US support. “For Argentina, nothing changes. It was an expected result,” Caputo said at an event organised by the FIEL … Read more
While markets had anticipated a victory for the Democratic Party in the U.S. midterm elections – or, more accurately, a significant defeat for President Donald Trump – the magnitude of the setback surprised both proponents and adversaries alike. In the recent electoral contest, Democrats achieved a total of 228 seats in the House of Representatives, … Read more
Economy Minister Luis Caputo articulated a robust defence of the government’s economic program on Tuesday during the inaugural session of the annual Conference of the Argentine Industrial Union (UIA, in Spanish), set against the backdrop of a significant decline in the nation’s manufacturing sector. During a gathering with business leaders at the Golden Center in … Read more
The electoral climate exerted pressure on Argentina’s stock market at the beginning of November, alongside sovereign bonds and shares of Argentine companies listed on Wall Street. However, analysts suggest that the sell-off was not influenced by uncertainty regarding the U.S. midterm elections, but instead by escalating worries about Argentina’s forthcoming presidential election. The concern is … Read more
