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
President Javier Milei’s senior economic officials indicated on Wednesday their expectation that Argentina’s US$20-billion currency swap with the United States will be concluded within a fortnight. During an event in Washington, Economy Minister Luis Caputo and Central Bank Governor Santiago Bausili expressed optimism regarding Argentina’s economic prospects, emphasizing the robust support the country has garnered … Read more
Argentine markets are exhibiting volatility in response to the U.S. bailout announcement, with each headline eliciting both positive and negative reactions. On Tuesday, President Javier Milei engaged in discussions with his U.S. counterpart, Donald Trump, at the White House. In a working lunch attended by journalists, Trump stated that his administration would extend financial support … Read more
As a result of the 2.1 percent increase in consumer prices that occurred in September, inflation continued its upward trend over the previous month. According to the data, prices have increased by 22 percent in the first nine months of the year and by 31.8 percent over the last twelve months. This represents a considerable … Read more
US President Donald Trump indicated that the US$20-billion support package the United States is considering for Argentina may depend on the performance of libertarian leader Javier Milei in the upcoming midterm elections, which has introduced new uncertainties in the currency market. “If he wins we’re staying with him, and if he doesn’t win we’re gone,” … Read more