The INDEC, provided an explanation of its methodology for calculating economic activity figures for September, revealing growth despite widespread expectations among economists of an impending recession. Source indicated that the rise was primarily attributable to a statistical correction stemming from its seasonal adjustment methodologies and the robust performance of the financing sector. The incorporation of … Read more
The diplomatic pivot of the Javier Milei administration towards Washington presents a strategic opportunity for US President Donald Trump to begin diminishing China’s influence in Latin America. Scott Bessent, serving as Treasury Secretary under Trump, articulated this within the framework of mobilizing financial support: “Milei is committed to getting China out of Argentina,” he stated … Read more
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