Javier Milei experienced a significant setback on Thursday when the Senate voted to reverse a presidential veto, marking the first occurrence of such an event in 22 years. In a significant political setback for the Casa Rosada, senators have opted to reject Milei’s attempt to abolish the Disability Emergency Law, thereby ensuring that the bill … Read more
The European Union is intensifying its initiatives to finalize a proposed trade agreement with Mercosur nations by year-end, following the introduction of safeguard measures aimed at addressing the concerns of France and other hesitant member states. On Wednesday, the European Commission released the final text of its free-trade agreement with the South American economies of … Read more
Uruguay is set to present a proposal for a natural gas pipeline traversing its territory to potential investors and neighboring governments. This infrastructure aims to connect Argentina’s Vaca Muerta shale deposit with Brazil, as stated by Industry & Energy Minister Fernanda Cardona in a recent interview. Cardona’s ministry has recently submitted a report outlining a … Read more
The United States has halted Argentina’s pursuit of a visa waiver at the moment when the process for its inclusion in the program was beginning, marking a new obstacle for President Javier Milei ahead of an important midterm election on Sunday. During Homeland Security Secretary Kristi Noem’s visit to Buenos Aires in July, South America’s … Read more
Buenos Aires City and Santa Fe Province are considering international bond sales in the limited timeframe between the provincial election in Buenos Aires Province on Sunday and the midterm elections in October. Buenos Aires is contemplating the sale of up to US$600 million in international markets, which would include approximately US$400 million in new debt … Read more
On Tuesday, the Argentine government declared its intention to intervene in the currency market to mitigate the rapid depreciation of the peso observed in recent days. The decision to intervene via the Treasury signifies a notable change in the exchange rate policy under President Javier Milei’s administration, occurring mere days ahead of the legislative elections … Read more
The Argentine peso appreciated as bonds and equities experienced a significant decline on Tuesday, following the treasury’s declaration of its intention to intervene in the nation’s foreign exchange market. Market participants and analysts indicated that the action might heighten uncertainty. The U.S. dollar exchange rate commenced the session at AR$1,380, subsequently declining to AR$1,361 by … Read more
Argentina’s Treasury announced plans to intervene in the currency market as the nation’s assets decline, reflecting a series of political and economic challenges faced by President Javier Milei in the lead-up to a crucial vote on Sunday. The decision marks a departure from a government that has consistently lauded the peso’s ability to float freely … Read more
The European Commission is set to present the final text of a significant trade agreement with the South American bloc Mercosur to EU countries for approval on Wednesday. The agreement, which has taken twenty-five years to finalize, unites Argentina, Brazil, Paraguay, and Uruguay, establishing a free-trade area that encompasses 700 million customers. Struck by Brussels … Read more
President Javier Milei’s administration announced its intention to intervene in support of the national currency, as an escalating political scandal undermines investor confidence and poses a potential challenge for him in the upcoming legislative elections next month. The decision signifies a departure for a government that has previously advocated for free-market principles and permitted the … Read more