Argentine assets are poised for a significant rally following President Javier Milei’s impressive performance in the legislative elections, surpassing even the most optimistic predictions and alleviating investor fears that his ambitious economic overhaul of the crisis-ridden nation might falter. As over 90 percent of ballots have been tallied, Milei’s party has secured 41 percent of … Read more
Pablo Quirno has assumed leadership of the Foreign Ministry, succeeding Gerardo Werthein. The former finance secretary, now Argentina’s chief diplomat, is confronted with two significant challenges: firstly, to protect Argentina’s ties with the United States and to negotiate exceptional tariff and trade agreements that extend beyond the current discussions; secondly, to vigorously advocate for the … Read more
US Treasury Secretary Scott Bessent’s intervention in Argentina appears to prioritize the interests of his associates over the welfare of the nation, according to allegations made by economist. Numerous hedge funds that have previously collaborated with the Treasury Secretary maintain significant stakes in Argentine bonds, and Washington’s US$20-billion swap package aims to protect their returns. … Read more
As President Javier Milei implements stricter currency controls to stabilize the peso in anticipation of midterm elections, individuals such as Ruben López are increasingly resorting to cryptocurrencies as a means of safeguarding their savings. A new strategy entails the utilization of stablecoins — digital tokens linked one-to-one with the US dollar — to capitalize on … Read more
On Thursday, Argentine bonds witnessed an increase for the second time in the past six sessions, while the peso improved for a second consecutive day in anticipation of the crucial midterm elections that will take place this coming weekend. One cent was added to the value of sovereign notes that mature in 2035, and they … Read more
Following multiple rounds of announcements, the currency swap between Argentina and the United States has been officially confirmed by the authorities of both nations. The US$20 billion support line is now accessible to President Javier Milei and Argentina. The decision by U.S. President Donald Trump to allocate a substantial support package to Argentina has been … Read more
Despite Argentina’s assertions to the contrary, the bailout from the United States government seems to be contingent upon certain conditions: they are seeking to eliminate China’s presence in Argentina. However, given Argentina’s substantial annual exports to China and the potential for significant infrastructure projects, one must consider whether President Javier Milei would genuinely sever these … Read more
The administration of US President Donald Trump has expressed its backing for Argentina’s President Javier Milei, aiming to enhance his prospects in the upcoming midterm elections – the onus now rests on him to secure victory. Milei, 54, is approaching the final stretch of the campaign trail, buoyed by favorable winds from Washington, even as … Read more
Economy Minister Luis Caputo announced that the government is undertaking labor and tax reforms, alongside benefits designed to encourage businesses to conserve their resources in pesos. While lacking specific details or a timeline for implementation, he indicated that these actions will constitute the “second stage” of President Javier Milei’s administration. “We clearly need a more … Read more
OpenAI, a prominent US technology firm and the developer of ChatGPT, has entered into a letter of intent to establish a substantial artificial intelligence data center in the Patagonia region of Argentina – marking a significant first for Latin America. The Stargate Argentina project, revealed by the Argentine government on October 10, entails a collaboration … Read more