On Tuesday, Brazilian President Luiz Inácio Lula da Silva enacted the trade agreement between Mercosur and the European Union, thereby overcoming the last domestic obstacle prior to the phased implementation of the pact starting May 1. The decree, executed at the Planalto Palace in Brasília, officially integrates the treaty into Brazil’s legal framework. The ceremony … Read more
There is increasing apprehension in the bond market regarding the potential fatigue of Argentines with President Javier Milei and his ambitious economic reform initiatives. Only six months following the unexpected triumph of Milei’s party in the midterm elections, concerns regarding his future have resurfaced, as recent polls indicate that his approval rating has reached its … Read more
Anyone who has tried to keep up with today’s blockbuster games and downloadable content knows that prices rarely seem to drop. While entertainment budgets stretch thinner, game prices and recurring subscription fees seem to hit fresh highs each season. It’s tough to justify grabbing that extra expansion or going digital on a new release when … Read more
The United States Congressional Research Service, a nonpartisan public policy research institute within the U.S. Congress, released a report last Friday suggesting that lawmakers legislate “specific limitations” on the fund used to carry out bailouts similar to the one Argentina received. The conclusion is part of a brief authored by two economists regarding the Exchange … Read more
Argentina is seeking to acquire liquefied natural gas cargoes in anticipation of the forthcoming winter heating season, thereby contributing to a market that is already under pressure due to the conflict in Iran. State-run Energía Argentina SA is evaluating the acquisition of up to 20 LNG cargoes by October in preparation for the Southern Hemisphere … Read more
In March, Argentina’s industrial sector experienced a resurgence, breaking an eight-month trend of year-on-year contractions, as reported. Nevertheless, analysts advised prudence in interpreting the significance of a solitary month’s enhancement. The Industrial Production Index indicated a 0.7% increase in factory output compared to March of the previous year, with seasonally adjusted activity rising by 0.8% … Read more
President Javier Milei declared from Israel midweek that his administration will submit an electoral reform bill to Congress which, among other modifications, will abolish the PASO primaries. The proposed reform is set to fundamentally transform Argentina’s electoral landscape. In addition to modifications in political financing, the proposal would implement the ‘Ficha Limpia’ or “clean slate” … Read more
The development of a major oil field in Argentina’s thriving Vaca Muerta shale area is expected to advance thanks to President Javier Milei’s massive investment incentive package. The privately held driller Pluspetrol SA announced that it would expedite Bajo del Choique-La Invernada production under Milei’s so-called RIGI project, which was expanded to include shale oil … Read more
A federal court in Argentina has halted the implementation of President Javier Milei’s contentious amendments to the glacier protection law in Santa Cruz Province, marking the initial legal setback for the reform initiative. The ruling suspends Milei’s new law, which permits provincial governments to redefine protected zones and potentially open periglacial areas to mining and … Read more
An appeals court in Argentina has authorized President Javier Milei’s administration to advance with its contentious labor reform, reversing an injunction that had halted it at the behest of the CGT labor federation. The National Labour Appeals Court of Argentina has determined that the reform is constitutional, a finding that faces significant opposition from both … Read more