News of argentina

On and off pitch woes for two of Argentina’s Grandes

Today 17:27 The future looks bleak for San Lorenzo and Independiente without serious changes in their fortunes and, above all, administration.

by Dan Edwards

INTERVENTION

Central Bank steps up defence of peso as assets slide

Today 16:55 Thursday’s intervention is estimated by traders to be close US$350 million, the people said, compared to US$53 million sold the day before.

JOBS & EMPLOYMENT

Unemployment falls in reprieve for economy and Milei

Today 16:50 Joblessness in Argentina’s formal labour market cooled to 7.6% in the April-June period from 7.9% in the previous quarter, according to government data.

ANALYSIS: SHOCK THERAPY

Argentina’s brokers see their losses mount as Milei bet fades

Today 15:33 Economic woes are deflating hopes for a boom in Argentina’s capital markets, weighing on small brokerage firms that had bet on a revival.

NATIONAL TEAM STAR

Report: Messi, Inter Miami agree to extend contract beyond 2026

Today 08:09 Argentine superstar's contract with MLS side Inter Miami will be extended beyond next year's World Cup, according to a source close to the matter.

CORRUPTION & THE COURTS

'Cuadernos' of corruption: A look at the entrepreneurs in the dock

Today 07:42 A couple of months away from the start of Argentina’s biggest-ever corruption trial, the “Cuadernos de las Coimas” case currently involves 74 defendants and 626 witnesses.

CURRENCY WOES

Central Bank defends peso as Milei faces setbacks

Yesterday 23:37 Central Bank steps into market to prop up the peso – first time it has since Milei administration introduced trading band in April.

ECONOMIC INDICATORS

Economy dipped in second quarter, cutting rebound short

Yesterday 22:57 Economists forecast revised growth for the year at 4.4%, according to the Central Bank’s most recent survey.

MARCHA FEDERAL PROTEST

Protesters cheer Milei veto defeat at Marcha Federal for universities, paediatric care

Yesterday 20:38 Thousands rally outside Congress as lawmakers in lower house vote to reject vetoes on bills to boost funding for public universities and Argentina’s leading children’s hospital, a major blow for President Javier Milei.

OIL & GAS

Vaca Muerta producing three times as much gas as Bolivia

Yesterday 17:54 Massive shale formation, based mostly in Neuquén, now producing nearly 91 cubic metres of natural gas per day – three times as much as neighbouring Bolivia. Change reflects the loss of reserves to the north and the consolidation of Argentina as a new regional player in market.

by Alan Ares

CORRUPTION & THE COURTS

Over 600 contracts between ANDIS and Suizo Argentina under investigation

Yesterday 17:26 Probe has already uncovered "irregularities" with contracts, including "overpricing" and "steering" in contracts, according to reports.

CORRUPTION & THE COURTS

Defendants offer millions to avoid trial in ‘Cuadernos’ graft case

Yesterday 16:44 Business leaders offer more than US$1 billion in cash, properties and other items to avoid standing trial but run into resistance from lead prosecutor; Mega-corruption trial probing alleged bribery and kickbacks at Federal Planning Ministry under Kirchner governments due to kick off November 6.

POLLING & SURVEYS

Milei’s disapproval rating hits new high as midterm lead shrinks

Yesterday 14:24 More than half of Argentines disapprove of Milei while 42% support the head of state, according to LatAm Pulse survey

CURRENCY WOES

Peso breaches trading limit, upends Milei FX strategy

Yesterday 14:09 Peso hits 1,474.50 per dollar, beyond the upper level of Milei administration's trading limit.

IMF LEADERSHIP

US plans to nominate Treasury’s Katz as IMF’s number two official

Yesterday 13:56 Nigel Chalk also named director of IMF's Western Hemisphere Department, likely to lead Fund's work with Argentina, its biggest borrower.

AGRICULTURE & LIVESTOCK

Distressed trader’s soy can feed pigs in Argentina, suitor says

Yesterday 08:18 Grains brokerage Grassi SA, a key suitor for the assets of Vicentin SAIC, once Argentina’s top exporter of soy meal, eyes new business model for distressed trader.

Foreign relations & diplomacy

Milei rejects ‘moderate option’ as he hails Charlie Kirk at CPAC Paraguay

16-09-2025 23:29 At CPAC in Asunción, Argentina’s President warns against ‘third way’ politics, praises Paraguay’s economic model and meets his counterpart and ally Santiago Peña.

MERCOSUR-EFTA AGREEMENT

Mercosur and EFTA sign free-trade deal in Rio de Janeiro

16-09-2025 18:42 Deal creates a market of 300 million people and covers some US$4 trillion in GDP; Brazil brands it a “clear signal” against US protectionism led by Trump.

PRIVATISATION PLAN

Milei moves forward with part-privatisation of Nucleoeléctrica Argentina

16-09-2025 17:39 Milei to move ahead with partial privatisation of Nucleoeléctrica Argentina SA; Government decree to allow sale of 44% stake; State to retain majority control as foreign investors eye nuclear sector.

BUSINESS & ACQUISITIONS

Race for Carrefour’s business in Argentina heats up

16-09-2025 17:14 Carrefour is leaving Argentina and the biggest players in the national supermarket industry are interested in the French retailer’s business, which includes almost 700 stores nationwide. A look at who is in the running.

2026 Budget bill

Ten key points from Milei’s 2026 Budget bill

16-09-2025 17:13 President Javier Milei unveils Budget bill to be sent to Congress; Fiscal balance is “non-negotiable cornerstone” of government’s plan, says President.

BONDS & MARKETS

Argentine assets rebound as Milei strikes more moderate tone

16-09-2025 16:28 Dollar bonds recovering from week-long rout after President Milei struck more conciliatory tone in budget speech.

POLITICS & COURTS

Karina Milei drops legal action against audio recordings going public

16-09-2025 15:32 President’s sister and chief-of-staff drops lawsuit seeking to block publication of voice messages allegedly taped at Casa Rosada.

BONDS & MARKETS

Foreign investors with Argentina FOMO pile into Brazil stocks

16-09-2025 11:35 Afraid of missing out on an Argentina-like rally, investors are piling into Brazil on bets that a business-friendly candidate will win next year’s election.

POLITICS & CONGRESS

Budget 2026: Government sends balanced bill eyeing 5% growth

16-09-2025 09:29 Government projects increases for pensions, education, health and disability programmes; Inflation in 2026 will be an annual 10.1%, according to text of bill.

POLITICS & ECONOMY

Budget bill speech: Milei promises 'worst is over,' asks voters to hold firm

15-09-2025 23:34 President unveils bill with spending boosts for pensioners, health, education and disabled; With eye on election, he thanks Argentines for bracing austerity but says he won’t negotiate on balancing budget.

CURRENCY WOES

Argentina moves to curb dollar demand amid bid to contain peso

15-09-2025 17:41 President Milei's government again tightens controls to prevent the peso from slumping.

POLITICS & ECONOMY

Milei presents 2026 Budget bill as opposition vows no new extension

15-09-2025 17:35 Opposition governors and lawmakers seek to impose strict timetable for debate to ensure the law passes before the end of the ordinary sessions.

POLITICS & ECONOMY

Milei halves aid for Bahía Blanca days after winning local vote there

15-09-2025 15:59 Days after La Libertad Avanza’s triumph in Bahía Blanca, the Milei government slashes 200-billion-peso emergency aid fund by half.

DIPLOMACY

New UK ambassador in Argentina presents credentials, begins posting

15-09-2025 14:50 New UK Ambassador David Cairns meets with Foreign Minister Gerardo Werthein; Cooperation on trade and investment issues is priority for UK’s top representative in Argentina.

INTERNATIONAL AGENDA

Milei hails Charlie Kirk as ‘martyr of freedom’ in speech to Vox rally

15-09-2025 09:36 President explains absence at far-right rally, says he stayed in Argentina to defend his government after electoral setback in Buenos Aires Province.

ECONOMIC INDICATORS

Private-sector employment dropped in July, dismissal rate rises

15-09-2025 08:49 Fall of recorded private-sector work is in keeping with the increase of job dismissals.

Demonstration in Buenos Aires

Doctors and university staff stage protest against Milei vetoes

13-09-2025 09:33 Protesters take to streets, calling on lawmakers to overturn presidential vetoes on funding bills for paediatric care and state universities.

CURRENCY WOES

Peso posts sharpest weekly fall since Milei took office

13-09-2025 09:12 Market rout follows ruling coalition’s defeat in Buenos Aires Province election; Sell-off deepens amid corruption scandal and doubts over October elections.

INTERNATIONAL RUGBY

Carreras boots Pumas to nervy 28-26 win over Australia

13-09-2025 08:46 Julián Montoya, in his 112th Test, and 50th as skipper, dotted down for Argentina's only try with the nerveless Santiago Carreras nailing the conversion and seven penalties.

ELECTION 2025: ANALYSIS

How Milei raised the bar and paid the price in Buenos Aires Province

13-09-2025 06:54 The market and the political ecosystem, seems to have recalibrated its expectations, putting further financial pressure on the government.

by Agustino Fontevecchia

As I see it

Milei gets his comeuppance

13-09-2025 06:44 It should have been quite easy for Milei to build a broad enough coalition. But instead of making an effort, egged on by Karina, he decided to go it alone.

by James Neilson

Editorial

An emperor needs new clothes

13-09-2025 06:38 Nationalising a provincial contest into a plebiscite and advance opinion poll emerges as a colossal error, even if some argue that without the presidential figure La Libertad Avanza would have fared even worse.

ANALYSING ARGENTINA

The end of Milei’s single-issue government

13-09-2025 06:30 Until now, the Milei administration has been a single-issue government, working under the notion that a fiscal surplus will fix the country’s entire problems. The public does not seem to be OK with that anymore.

by Marcelo J. García

Campaign comments

Blast from the past

13-09-2025 06:09 Last Sunday’s election was very much the mayoral tail wagging the dog and here we’re not just talking about Greater Buenos Aires Peronist “barons” – almost the only successes of third parties came thanks to the PRO mayors bucking the Milei alliance, proving mayoral clout beyond the general trend.

by Michael Soltys

THE WEEK IN REVIEW

Stories that caught our eye: September 5 to 12

12-09-2025 18:25 A selection of stories that caught our eye over the last seven days in Argentina.

DIPLOMACY

Trump’s new ambassador prepares for imminent arrival in Argentina

12-09-2025 15:25 Peter Lamelas set to arrive in Buenos Aires in coming weeks to take up post as United States ambassador in Argentina. His mission: to support the government of Javier Milei, confront Kirchnerism and strengthen the strategic relationship with Trumpism.

ECONOMY – ANALYSIS

Argentina let peso plunge and then stepped in to contain losses

12-09-2025 11:13 Milei administration allowed peso to weaken this week, while simultaneously moving to prevent the rush out of the currency from turning into a stampede.

Rugby union

Springboks, Pumas out to keep Rugby Championship hopes alive

12-09-2025 11:06 Argentina need to bounce back in Sydney after a 28-24 loss to Australia in Townsville.

INTERNATIONAL FOOTBALL

Miss Lionel Messi when he's gone? We miss him already

12-09-2025 06:10 Lionel Messi gave the Monumental crowd and Argentina a suitable send-off against Venezuela. That’s the good out of the way; now, I'm afraid, we have to cover the bad…

by Dan Edwards

OPINION & ANALYSIS

Ex-Peronist politicians at heart of La Libertad Avanza’s defeat in BA Province

11-09-2025 15:08 Ruling party’s leader in the district, Sebastián Pareja, and Moreno mayoral candidate Ramón Vera are Peronists who made themselves indispensable for the Mileis in the Buenos Aires Province structure. Yet theylost out in an election which the government had presented as a key test of national governance.

by Juan Cruz Soqueira

IMF DEBT PROGRAMME

IMF offers Milei backing, hails progress on inflation, fiscal reform

11-09-2025 14:25 IMF praises Milei inflation drop, cautions over market volatility; No immediate concerns over peso intervention, says Fund spokesperson.

Foreign relations & diplomacy

Flight carrying Argentines deported from US lands in Buenos Aires

11-09-2025 08:43 First Trump-era deportation flight to Buenos Aires brings 17 Argentines back; Milei government tried to keep operation quiet and will not complain to Washington, but nation has been grouped alongside Brazil and Venezuela by the US administration.

POLITICS & CONGRESS

Milei vetoes state university funding bill, escalating conflict

10-09-2025 22:38 President vetoes in full bill proposing new funding for state universities, pay rises for teaching and non-teaching staff; Move will increase tensions with education workers and opposition.