Marco Lavagna unexpectedly stepped down from his position as director of Argentina’s statistics institute INDEC on Monday. The announcement arrives a mere eight days prior to the institute’s scheduled release of January’s inflation data, which, according to INDEC officials, is derived from a formula designed to more accurately represent purchasing power. Nevertheless, shortly after Lavagna’s … Read more
Investors from T. Rowe Price Group Inc. to TCW Group Inc are adopting a strategy that is swiftly gaining traction in emerging markets: channeling funds into Latin American countries that align with US President Donald Trump. Investment professionals at these firms are showing a preference for government bonds from countries like Ecuador and Argentina, where … Read more
Argentina acquired US$808 million in special drawing rights from the US Treasury to address its recent interest obligations to the International Monetary Fund, circumventing the use of a swap line that exists between the two nations, as reported. Unnamed government officials informed that the purchase constituted a routine balance-of-payments operation, rather than a new activation … Read more
The Argentine Congress is poised to commence extraordinary sessions in February, featuring a comprehensive agenda. Among the bills slated for debate are modifications to the Glaciers Law, a reduction in the age of criminal responsibility, and the recently ratified EU-Mercosur agreement. The upcoming sessions will serve as a significant evaluation of the government’s legislative capabilities, … Read more
Nu Holdings Ltd has received preliminary approval to engage in certain banking activities in the US, marking a significant initial step for the Latin American fintech as it seeks to enter the world’s largest economy. The Office of the Comptroller of the Currency has granted conditional approval for a national bank license for Nubank, as … Read more
Argentine e-commerce firm Mercado Libre has initiated a legal complaint against its Chinese rival, Temu. The filing, occurring in the context of the Asian platform’s expansion in the country as a result of import liberalization, represents the concluding phase of a commercial dispute that has persisted for several months. At this juncture, the decision rests … Read more
Argentine President Javier Milei this week ridiculed Paolo Rocca, one of the nation’s most affluent chief executive officers, by referring to him as Don Chatarrín (Mister Scrap Metal). The remark followed his company’s failure to secure a pipeline construction contract with an Indian firm, resulting in reported threats of an anti-dumping lawsuit and highlighting the … Read more
As the deadline approached for Argentina to fulfill its obligations to bondholders, amounting to billions, President Javier Milei sought assistance from a well-known figure. Bankers at JPMorgan Chase & Co contributed approximately US$340 million as part of a multi-bank repurchase agreement this month, providing Argentina with essential liquidity. The agreement has elevated the bank’s overall … Read more
Consumption in Argentina exhibited improvement last year, although it experienced a deceleration in November and December, according to a recent report. Data indicates that consumption increased by 2.5 percent in 2025 relative to the prior year, even as it experienced a decline in December for the second consecutive month. The Consumption Indicator compiled by CAC … Read more
Ecuador’s notable re-entry into global credit markets is perceived as a positive sign among investors who are keenly anticipating Argentina’s eventual return after years of exclusion from international financing. Ecuador executed a sale of US$4 billion in bonds on Monday, marking its largest global offering to date and its inaugural sale following the debt restructuring … Read more