The Trump administration is formulating a statement supporting Argentina and opposing hedge funders’ purchase of 51% of YPF. Judge Loretta Preska in New York ordered the transfer of 51% of the flagship oil company’s shares (“turnover”) to hedge funds Burford Capital and Eton Park, which won the lawsuit for US$16.099 billion. Senior Trump administration officials … Read more
Argentina has decided not to engage in negotiations with Burford Capital, the firm spearheading the collection of a US$16-billion judgment against the South American country, as stated by a spokesman for President Javier Milei during a press briefing on Friday. The spokesperson, Manuel Adorni, refuted claims that the government engaged in any clandestine discussions. “Argentina … Read more
In the context of the ongoing debate surrounding the prospective transfer of YPF shares as a settlement for a US$16-billion judgment linked to the expropriation of the oil company, the United States government has declared its intention to intervene in court to provide support for Argentina. The administration of US President Donald Trump is preparing … Read more
In June, Argentina experienced a 1.6% increase in consumer prices, reflecting a positive outcome for President Javier Milei’s economic programme. According to the official figures released on Monday by the national statistics agency INDEC, the annual inflation rate stands at 39.4%, with a notable increase of 15.1% in prices during the first half of the … Read more
President Javier Milei on Thursday called on his Mercosur partners to advocate for increased trade openness within the bloc while hosting his fellow leaders of the South American group in Buenos Aires. In a typically forceful opening speech, the La Libertad Avanza leader cautioned that his government would pursue that goal unilaterally if necessary, suggesting … Read more
This Wednesday, Argentina’s government formalised three significant appointments in the Official Gazette. Businessman Alejandro ‘Alec’ Oxenford presented his credentials to US President Donald Trump, thereby formally confirming his role as ambassador to the United States. Meanwhile, Foreign Minister Gerardo Werthein appointed a new ambassador to Germany. The appointment of diplomat Betina Pasquali de Fonseca as the new … Read more
Argentina’s wholesale inflation has reached its lowest level since 2020. Wholesale prices experienced a decline in May, marking the first decrease since the peak of the pandemic. Argentine President Javier Milei achieved another economic milestone Tuesday as data revealed a decline in wholesale prices in May, marking the first decrease since the peak of the pandemic. … Read more
Argentine deregulation presents potential advantages for Globant amid a challenging year. Globant, a software company, indicates that the deregulation of the local financial industry is encouraging firms to increase their investments in technology systems. Argentina is emerging as a notable opportunity amid a challenging landscape for software company Globant SA, as the deregulation of the local … Read more
Inflation reaches its lowest point since the Covid pandemic, marking a significant achievement for Milei. Argentina’s monthly inflation has decelerated to its lowest point since the peak of the pandemic, marking a significant achievement for President Javier Milei in the lead-up to an important midterm election. In May, consumer prices experienced a 1.5 percent increase compared … Read more
Earlier this week, Argentina’s Central Bank implemented new economic measures aimed at enhancing foreign currency reserves. The International Monetary Fund (IMF) has commended President Javier Milei’s administration for implementing recent strategies aimed at enhancing Argentina’s international reserves. Earlier this week, Argentina’s Central Bank implemented new economic measures aimed at enhancing foreign currency reserves in response to … Read more