United States billionaire entrepreneur and venture capitalist Peter Thiel has acquired a US$76 million stake in Argentina’s largest oil exporter, Vista Energy. This transaction represents his inaugural investment in the oil sector and signifies his initial foray into Patagonia’s Vaca Muerta oil field. Thiel Macro LLC, the hedge fund managed by Thiel, secured a 1% … Read more
Argentina’s Central Bank is relaxing enduring limitations on dollar lending, permitting banks to provide foreign-currency credit to firms generating revenue in pesos, as President Javier Milei’s administration aims to enhance credit availability and stimulate economic activity. The measure will enable banks to extend loans amounting to 15 percent of their dollar deposits, which currently total … Read more
With a projected total expenditure of US$51 billion, state oil giant YPF has applied to take part in President Javier Milei’s investment incentive program for its “Argentina LNG” project. The plan aims to exploit the gas resources of the Vaca Muerta shale formation for export in the form of liquefied natural gas. The Argentina LNG … Read more
The United States government has ceased to mask its objective of obstructing closer relations between Argentina and China, and has explicitly intensified its geopolitical strategy. Beyond the exceptionally close relationship between Javier Milei and Donald Trump, the connections between Argentina and the Asian power hold significant importance for the national economy. The geopolitical chessboard appears … Read more
As the election year approaches, a recurring debate regarding the Argentine economy is once again becoming a focal point among market experts. Will the government permit the dollar-peso exchange rate to persist in its ascent, consequently reducing interest rates, or will it opt to sustain elevated yields in pesos to prevent capital flight toward the … Read more
Javier Milei’s administration was compelled to retract another component of its private property legislation prior to its enactment, highlighting the difficulties faced by the Argentine president in drawing private investment to the nation beset by crises. The bill passed the Senate in a 37-33 vote early Friday morning following an extensive debate; however, Milei’s party … Read more
Argentine Industrial Union President Martín Rappallini responded sharply to Economy Minister Luis Caputo following the minister’s severe critique of domestic industries regarding their product pricing. Rappallini remarked that such comments do not “foster the dialogue so desperately needed” during a period of declining industrial activity. Caputo made the remarks last Wednesday while defending his economic … Read more
On Wednesday, Argentina and China announced the extension of a multi-billion-dollar currency swap agreement for an additional five years, according to financial authorities. The 130-billion-yuan (roughly US$19 billion) agreement between Beijing and cash-strapped Buenos Aires has been in effect since 2009. The monetary authority is pursuing enhanced stability in anticipation of the forthcoming 2027 election. … Read more
Argentina’s Central Bank halted a nearly seven-month period of dollar acquisitions, occurring just a day after the IMF urged officials to continue increasing foreign currency reserves. The monetary authority refrained from purchasing greenbacks in Argentina’s official currency market on Tuesday, marking the first instance of such an action since January 2, as stated by a … Read more
International Monetary Fund Managing Director Kristalina Georgieva addressed various facets of the Argentine economy during a conference held on Monday, where she was accompanied by Economy Minister Luis Caputo upon her arrival in Buenos Aires. Georgieva acknowledged the challenges confronting the country, yet she conveyed a generally positive perspective, asserting that she “didn’t foresee the … Read more
