The recent surge in bond sales in Argentina has extended to the public sector, as Buenos Aires City re-enters global markets after nearly ten years. This activity has propelled foreign debt issuance to nearly US$3.5 billion over the past three weeks, surpassing the total volume of the preceding five months combined. On November 18, Buenos … Read more
High inflation cycles can make it difficult to track everyday costs, and entertainment, in particular, is often a category people forget to plan for. When food, rent, and transport absorb more of a monthly paycheck, leisure spending simply becomes whatever is left. The price of a cinema visit, a streaming subscription, or a short gaming … Read more
Hedge funds that placed significant bets on Argentina in recent months achieved substantial gains in October, following a US rescue package and a decisive victory for President Javier Milei’s party in the midterm elections, which ignited a rally in the country’s financial markets. Two funds managed by Redwood Capital Management recorded a total profit of … Read more
The Argentine government has confirmed the elimination of export duties for conventional crude oil, following a meeting involving Economy Minister Luis Caputo, Interior Minister Diego Santilli, and Chubut Governor Ignacio Ramírez. The national and provincial governments have entered into a memorandum of understanding aimed at eliminating the 8% tax in Chubut. The agreement emerges amidst … Read more
President Javier Milei is organizing another visit to the United States to engage in the draw for the 2026 World Cup alongside his American counterpart, Donald Trump. The draw for the World Cup, the foremost tournament in international football, is scheduled for December 5 at 2pm, to be held at the concert hall of the … Read more
Environmental NGO Greenpeace on Friday condemned as “a direct attack on Argentines’ water” President Javier Milei’s announcement regarding his intention to amend a law that safeguards the country’s glaciers to enable multi-million-dollar mining investment. In a speech on Thursday, Milei articulated his intention to redefine the legal boundaries of periglacial zones, which Greenpeace asserts are … Read more
Anchorage Capital Advisors LP has established an uncommon fund whose returns are contingent upon the resolution of a lengthy and contentious legal battle associated with the nationalization of Argentina’s largest oil enterprise. The fund, classified as a continuation vehicle, possesses a singular asset: a loan secured by a legal claim originating from the nationalisation of … Read more
Argentine officials are poised to make a decision by year-end regarding the potential renegotiation of terms associated with a US$20-billion agreement with the International Monetary Fund, including stipulations related to foreign reserves, as per reports. A report indicated that the Central Bank governor mentioned Argentina’s intention to renegotiate reserve requirements; however, the individual clarified that … Read more
President Javier Milei’s victory in the October midterms provided reassurance for numerous market sectors. Oil and gas emerge as significant beneficiaries, as La Libertad Avanza’s decisive victory has triggered a surge in corporate bonds. The companies within the sector exhibit a uniformly optimistic outlook. The majority are converging on the markets in search of investors … Read more
Luis ‘Toto’ Caputo has forecasted that Argentina’s economy may expand by as much as 10 percent in the coming year, contingent upon the approval of the government’s reform programme by Congress. During an event, Argentina’s economy minister remarked that confidence in President Javier Milei’s administration is on the rise following his success in the previous … Read more