Sales of Argentine wine, both domestically and internationally, are experiencing a decline, reflecting a broader global trend and coinciding with the overall decrease in consumption within the country. The national government has removed nearly 1,000 regulations and norms for the winemaking and grape farming sector, a decision intended to enhance sales. This initiative has elicited … Read more
The circumstances faced by the victims of neo-colonial exploitation, while dire, are not the most severe outcomes one could encounter. Countries that maintain a distance from the so-called scheming capitalists, often criticized by nationalists and leftists, are more prone to self-impoverishment compared to those that embrace them and permit their involvement in significant sectors of … Read more
On Tuesday, President Javier Milei’s administration declared the removal of duties on crude oil exports. Government officials have formalized a memorandum of understanding with Chubut Province aimed at progressing towards the removal of export duties on conventionally produced oil, a component of a broader strategy intended to stimulate investment and safeguard employment. Cabinet Chief Manuel … Read more
Despite a chorus of calls from investors, President Javier Milei and his advisers exhibit caution regarding the swift accumulation of Argentina’s international reserves, the decision to allow the peso to float, and the relaxation of currency controls. The government’s decisive triumph in the recent mid-term elections has provided Milei with a significant opportunity to implement … 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
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
On Thursday afternoon, the United States and the Argentine government unveiled the framework of their trade agreement. The joint statement indicates that both nations will “open their markets to each other on key products.” The document, entitled “Framework for a United States-Argentina agreement on reciprocal trade and investment,” enumerated the 11 critical sectors that will … Read more
Argentine Economy Minister Luis Caputo defended the implementation of a currency band scheme for the peso-dollar exchange rate, arguing against a free-floating system by characterizing the Peronist opposition as “communism.” The government is considering a labor reform designed to ease the process of layoffs; however, modifications to the tax system will be postponed. “We cannot … Read more
Argentina has submitted an initial memorandum to formalize its membership application to the Organisation for Economic Co-operation and Development, as announced by the international body on Tuesday. OECD officials characterized the filing as a “decisive step” in the nation’s accession process. During a visit by OECD Secretary-General Mathias Cormann to Buenos Aires, Foreign Minister Pablo … Read more
An influx of Argentine companies is seeking to issue global bonds as chief financial officers aim to take advantage of robust investor demand in the wake of President Javier Milei’s triumph in the congressional midterm elections. Pampa Energía SA, a natural gas and power producer, is set to issue new dollar bonds maturing in 2037. … Read more