What commenced as a robust week for Argentine assets on Wall Street experienced a decline in momentum during the final two trading sessions. Most Argentine companies listed in New York experienced declines on Friday, with notable drops in Mercado Libre (-2.35%), Telecom Argentina (-1.43%), and Cresud SACIF (-1.38%). Meanwhile, the country risk index compiled by … Read more
Stewart Wheeler, the Canadian ambassador to Argentina, said that negotiations are underway to update a 1992 agreement between the two nations to safeguard and promote investments. The objective is to draw in investments in the mining sector, which President Javier Milei views as vital for economic expansion and in which the North American nation possesses … Read more
Tether has invested US$20 million in Argentine digital bank Ualá, thereby deepening its commitment across Latin America as the issuer of the world’s largest stablecoin expands its presence beyond digital assets. The investment constitutes a segment of Ualá’s US$197-million funding round disclosed in March, which the company intends to utilise for growth acceleration and the … Read more
The administration of President Javier Milei was pleased to hear that June saw the first monthly inflation rate in Argentina to fall below two percent since August 2025. The most recent numbers provided by the INDEC national statistics department on Tuesday showed a 1.9% increase in prices for June, providing Milei and his staff with … Read more
Argentina’s June inflation fell to 1.9%, according to a study released on Tuesday by the National Institute of Statistics and Censuses. This figure represents the third consecutive decline, following April’s 2.6% and May’s 2.1%. Furthermore, this marks the first occasion in ten months that the inflation rate has dipped below the 2% threshold. It represents … Read more
The power-generation unit of YPF SA, the state-owned energy company of Argentina, has submitted an application for an initial public offering in the United States, joining a growing pipeline of Argentine companies that are looking to list their shares in New York. According to a statement that was made on Monday with the United States … Read more
Javier Milei’s administration anticipates that energy, mining, and agriculture will continue to serve as the primary drivers of the economy. Additionally, it is placing its hopes on a renewed expansion of credit to produce the long-anticipated spillover effect and stimulate economic recovery. While not explicitly articulated, the economic team aspires to emulate the consumer lending … Read more
Argentina’s footwear industry is set to lose a significant manufacturing plant that has long been a hallmark of its production landscape. Brazilian footwear company Dass, which produces brands including Nike, Adidas, Umbro, and Asics, will permanently shut its factory in Eldorado, Misiones — the last plant producing Nike trainers in Argentina. The closure will result … Read more
Chilean Energy Minister Ximena Rincón recently toured the Vaca Muerta field in Neuquén province, extending an invitation to Argentina to utilise their Pacific coast ports for the export of oil and gas to Asian markets. A communiqué from Chile’s foreign ministry provided additional insights on the proposal. “Chile can serve as a close, stable, and … Read more
President Javier Milei ardently advocated for his administration’s economic direction, called for a comprehensive overhaul of the Central Bank charter, and expressed his anticipations for Argentina’s forthcoming World Cup quarter-final clash with Switzerland on Saturday. In a radio interview with Now 97.9 FM, Milei asserted that his policies have driven economic growth, claiming that consumption … Read more