News of economy

Argentina appeals US court order to hand over YPF shares

Yesterday 19:25 Argentina has appealed a US judge's ruling ordering it to hand over 51% of the shares of the oil company YPF to settle a US$16.1 billion debt.

WORLD ECONOMY

Trump’s Brazil tariffs risk upending trade from coffee to beef

Yesterday 17:16 US President Donald Trump’s unexpected move to threaten a 50 percent tariff on Brazil risks roiling global commodity markets, disrupting trade on everything from beef to coffee.

YPF NATIONALISATION CASE

Argentina moves to appeal US judge’s order to cede YPF stake

Yesterday 12:41 Government gives notice it will appeal ruling requiring it to hand over controlling stake in state energy company YPF to help satisfy a US$16-billion judgement.

ANALYSIS: SHOCK THERAPY

Rush of farm dollars fails to lift peso ahead of vote

Yesterday 09:37 Three months after President Javier Milei lifted Argentina’s currency controls, early investor optimism has given way to growing caution

TRUMP'S TARIFF WAR

Trump unveils 50% Brazil levy in response to Bolsonaro trial

09-07-2025 21:22 US President Donald Trump announces 50% tariff targeting Brazil as he blasted the trial of the country's ex-leader Jair Bolsonaro.

INEQUALITY ANALYSIS

Trips to Miami or living month-to-month – Argentina’s ‘rift’ hits consumers

09-07-2025 16:34 The disparity in purchasing power in Argentina has accentuated in the past year, according to a private study. One sector travels to Miami and the other can’t make it to the end of the month. What happened?

POLLING & SURVEYS

Milei's approval rating holds as Argentines worry more about jobs

08-07-2025 15:39 Milei’s approval rating and positive image remains well above domestic peers even as Argentines became increasingly worried about the job market.

ECONOMIC INDICATORS

Prices in Buenos Aires City rose 2.1 percent in June

08-07-2025 13:13 Monthly inflation picks up slightly; Housing, transport and financial services drive cost-of-living up, rising half a point from May.

FOREIGN POLICY

Modi and Milei vow to boost trade after Casa Rosada talks

06-07-2025 09:15 Indian PM Narendra Modi, leader of the world's fifth-largest economy, vows to expand and diversify trade Argentina before heading to Brazil to attend the BRICS Summit in Rio de Janeiro.

FOREIGN POLICY

President Milei hosts India PM Narendra Modi at Casa Rosada

05-07-2025 13:31 Second meeting between two national leaders after G20 talks last year; India, the world’s fifth-largest economy, is a key export destination for Argentina.

As I see it

Milei hurt by yet another time bomb

05-07-2025 07:34 A New York judge has ordered the government to hand just over half the shares in YPF to a vulture fund that had purchased the rights of companies harmed by the cack-handed takeover of the oil firm in 2015.

by James Neilson

Background to YPF takeover

YPF: How a firm was purchased with its own money, ending in a multi-billion-dollar lawsuit

04-07-2025 08:56 The Eskenazis family entered into YPF thanks to Néstor Kirchner without placing a dollar. The Grupo Petersen purchased shares with the promise to pay with the dividends. More than a decade on, the case in the US courts.

YPF NATIONALISATION CASE

Argentina appeals US$16-billion YPF court ruling

04-07-2025 08:42 Argentina appeals US judge's order to hand over 51% of shares in YPF in expropriation case; Milei points finger at Kicillof, Fernández de Kirchner as fears over ruling impact grow.

ECONOMIC WOES

'The stressed' – Argentina's ‘Non-poor’ who can’t reach the end of the month

04-07-2025 06:58 The INDEC national statistics bureau does not consider them poor, but millions of Argentina can’t make it to the end of the month; New study by UCA’s poverty watchdog shines light on those living under “economic stress”

by Agustina Bordigoni

YPF NATIONALISATION CASE

Investors see way for Milei to end fight over YPF

03-07-2025 16:43 Could there be a silver lining for Javier Milei in the multibillion-dollar US judgment targeting Argentina’s main oil producer?

MERCOSUR SUMMIT

Milei urges Mercosur to pursue greater trade openness at summit

03-07-2025 11:58 President Javier Milei urges Mercosur partners to push for greater trade openness within the bloc as he opened a summit in Buenos Aires.

MERCOSUR TRADE TALKS

Mercosur, European EFTA bloc conclude talks on free-trade deal

02-07-2025 19:10 Mercosur and European Free Trade Association (EFTA) close negotiations over a free-trade agreement.

MERCOSUR TRADE DEAL

Swiss-Norway group and South America’s Mercosur agree on free-trade deal

02-07-2025 18:17 European Free Trade Association of Switzerland, Norway, Liechtenstein and Iceland finalise free-trade agreement with Mercosur bloc.

CURRENCY MARKETS

Peso weakens as seasonal bonus stokes dollar demand

02-07-2025 17:38 Peso weakens to 1,243 pesos per dollar during trading as seasonal demand for dollars picks up.

MERCOSUR SUMMIT IN BUENOS AIRES

Fate of EU free-trade deal looms as Milei hosts Mercosur summit

02-07-2025 12:54 Leaders of South America's Mercosur bloc will hold two days of talks in Buenos Aires, focused on a massive trade deal with the European Union being blocked by France.

ANALYSIS: SHOCK THERAPY

Milei’s foreign-exchange shake-up has brokers moving into banking

02-07-2025 11:42 Brokerages are restructuring after President Javier Milei took away lucrative arbitrage opportunities that juiced their business when he rolled back capital controls.

US$16-billion court ruling

Milei vows appeal amid fallout as US judge orders transfer of YPF shares

01-07-2025 11:12 President vows to appeal as US judge orders Argentina to hand over 51% of shares in YPF in expropriation case; Milei points finger at Kicillof, Fernández de Kirchner as fears over ruling impact grow.

ECONOMIC INDICATORS

Economy grew more than expected after Milei lifted controls

30-06-2025 17:51 Argentina’s economy grew more than expected in April, with economic activity up 1.9% on previous month.

FRIENDS IN HIGH PLACES

Milei’s actor friend runs state agency with multi-million-dollar budget

30-06-2025 17:16 AAICI trade body, led by ally and friend of President Javier Milei, received more funds than Garrahan Children’s Hospital over the past nine months.

GOVERNMENT & POLITICS

Court strikes down Milei decree restricting right to strike

30-06-2025 15:15 Ruling says measure lacked urgency and bypassed Congress without any justification.

‘Mattress dollars’

INDEC reveals how many dollars Argentines have stashed away

30-06-2025 13:02 INDEC estimates the amount of cash stashed outside the traditional financial system fell by more than US$3 billion in the first quarter of the year from the preceding period.

MERCOSUR SUMMIT IN BUENOS AIRES

Milei to host Mercosur presidents amid tensions with Lula

29-06-2025 11:54 President will lead this week’s two-day two summit in Buenos Aires; Argentina’s leader to again push for a liberal shift in the South American trade bloc’s future.

ENERGY & GAS

Total gets offers for potential sale of Argentina shale oil assets

28-06-2025 18:12 France’s TotalEnergies SE is in talks with at least two suitors who have submitted bids for its shale oil assets in Argentina.

Analysing Argentina

Milei’s Argentina: A tale of two pockets

28-06-2025 07:33 There is a “dollarised” Argentina doing well and a “pesofied” Argentina that is struggling.

by Marcelo J. García

Elections 2025

Milei launches La Libertad Avanza's campaign in Buenos Aires Province

27-06-2025 15:37 At LLA congress in opposition stronghold of Buenos Aires Province, Milei brands Governor Axel Kicillof “a junior Stalin” and frames regional vote as choice between “civilisation or barbarism.”

AGRICULTURE & ECONOMY

Crop traders rush to secure Argentine cargoes as Milei perk ends

27-06-2025 14:03 Agriculture traders rush to get crop shipments on the books before government's tariff relief expires next week.

DEBT & BONDS

Córdoba Province sells US$725 million of debt abroad

27-06-2025 13:51 Cordoba Province taps investors in the first international debt sale by a local government since President Javier Milei took office.

BUSINESS & BANKING

Argentine fintech Tapi buys Mastercard unit in Mexico expansion

27-06-2025 13:15 Argentine payments services startup tapi has acquired the bill payment and cash-handling operations of Mastercard’s Arcus in Mexico, part of a bid to double-down on Latin America’s second-largest economy.

FOREIGN POLICY

With same demands, isolated Milei prepares for Mercosur summit

26-06-2025 18:51 No bilateral meetings anticipated, but at the upcoming summit in Buenos Aires, there could be clashes with Luiz Inácio Lula da Silva – if not over their stance regarding the international situation involving Israel and Iran, then over the Brazilian leader’s potential visit to see Cristina Fernández de Kirchner serving house arrest.

AGRICULTURE & ECONOMY

China imports Argentina soy meal in trial amid US tensions

26-06-2025 17:45 China has booked a rare shipment of soybean meal from Argentina amid an ongoing trade war with the United States.

BANKING & FINTECH

UK fintech giant Revolut to acquire BNP’s Cetelem in Argentina

26-06-2025 14:46 Revolut, Europe’s largest digital bank, to acquire Argentina’s Banco Cetelem, a small local lender owned by BNP Paribas.

HEALTH & ECONOMY

Workers at top children's hospital strike over pay, budget cutbacks

25-06-2025 17:47 Workers at the Garrahan Children's Hospital in Buenos Aires protest against government policies, demanding improves wages and budget for the prestigious paediatric institution.

SOCIETY

Child poverty on rise in northwest and northwest of Argentina

24-06-2025 14:18 Child poverty as measured by UCA watchdog dropped from 58.8% to 52.8% nationwide between second halves of 2023 and 2024. But the drop was uneven and, in some parts of Argentina’s north, the situation even worsened.

by Agustina Bordigoni

ECONOMIC INDICATORS

Economy grows less than expected as imports surge

23-06-2025 22:46 Gross domestic product expanded 0.8% in first three months of the year compared with the previous quarter, short of analysts' estimates.

JOBS & EMPLOYMENT

Economic pick-up fails to filter through to job market

23-06-2025 15:43 Improved economic activity has reversed last year's shrinkage but the improvement has yet to seep through to the labour market – in March the private sector shed over 7,000 jobs with numbers of self-employed simultaneously on the rise.

by Martín Fernández Nadale

lithium mining

Europe's lithium quest hampered by China and lack of cash

20-06-2025 09:20 Too much regulation and not enough investment, the paradox facing a Europe –in need of lithium.

DIPLOMACY & FOREIGN POLICY

President Milei: 'Iran is an enemy of Argentina'

20-06-2025 01:16 President declares Iran to be "an enemy of Argentina" during television interview; Milei says Israel is "saving Western civilisation" and vowed unwavering support amid conflict with Islamic republic.

ECONOMIC INDICATORS

Unemployment rises despite economic recovery, data shows

19-06-2025 22:19 Unemployment in Argentina rose to 7.9 percent in the first quarter of 2025, according to INDEC data.

DIPLOMACY & FOREIGN POLICY

Oxenford takes up post as Argentina’s ambassador to United States

18-06-2025 14:24 Tech businessman presents credentials to US President Donald Trump; Foreign Ministry reshuffle continues with appointment of key economic envoy.

by Cecilia Degl'Innocenti

ANALYSIS

Inflation and the ballot box: Milei bets on falling prices to win votes

18-06-2025 12:46 Monthly CPI and wholesale rates are now central to the government’s election strategy – but questions are mounting over purchasing power and price-controlled services.

by Gonzalo Martínez

ECONOMIC INDICATORS

Milei cools Argentina wholesale inflation to lowest since 2020

17-06-2025 23:23 Data shows wholesale prices declined in May for the first time since the height of the pandemic.

BUSINESS & INVESTMENT

Argentine deregulation offers upside for Globant in a tough year

17-06-2025 10:33 Software company Globant says the deregulation of the local financial industry is prompting companies to step up investment in technology systems.

ECONOMIC INDICATORS

Monthly inflation drops to 1.5% – lowest level in five years

12-06-2025 16:05 Consumer prices rose just 1.5% in May, according to government data – the lowest monthly rate since May 2020; Inflation at 13.3% so far this year, 43.5% over the last 12 months.