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
The recent surge in bond sales in Argentina has extended to the public sector, as Buenos Aires City re-enters global markets after nearly ten years. This activity has propelled foreign debt issuance to nearly US$3.5 billion over the past three weeks, surpassing the total volume of the preceding five months combined. On November 18, Buenos … 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
President Javier Milei is organizing another visit to the United States to engage in the draw for the 2026 World Cup alongside his American counterpart, Donald Trump. The draw for the World Cup, the foremost tournament in international football, is scheduled for December 5 at 2pm, to be held at the concert hall of the … Read more
Environmental NGO Greenpeace on Friday condemned as “a direct attack on Argentines’ water” President Javier Milei’s announcement regarding his intention to amend a law that safeguards the country’s glaciers to enable multi-million-dollar mining investment. In a speech on Thursday, Milei articulated his intention to redefine the legal boundaries of periglacial zones, which Greenpeace asserts are … Read more
President Javier Milei’s victory in the October midterms provided reassurance for numerous market sectors. Oil and gas emerge as significant beneficiaries, as La Libertad Avanza’s decisive victory has triggered a surge in corporate bonds. The companies within the sector exhibit a uniformly optimistic outlook. The majority are converging on the markets in search of investors … Read more
Luis ‘Toto’ Caputo has forecasted that Argentina’s economy may expand by as much as 10 percent in the coming year, contingent upon the approval of the government’s reform programme by Congress. During an event, Argentina’s economy minister remarked that confidence in President Javier Milei’s administration is on the rise following his success in the previous … Read more
President Javier Milei is set to alter regulations safeguarding Andean glaciers to facilitate access to tens of billions of dollars in mining investments, as per sources. The libertarian leader has provided miners seeking to extract copper and lithium resources with the opportunity to secure their investments through the ‘RIGI’ package, which includes tax, customs, and … 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
Prices in Argentina increased as anticipated last month, coinciding with the midterm election challenges faced by President Javier Milei’s party. In October, consumer prices experienced an increase of 2.3 percent, aligning with the median forecast of economists survey, and representing an uptick from the 2.1 percent recorded in September. According to government data published Wednesday, … Read more