News of economy

Trump adviser Laffer tells Argentina ‘get it done now’ on capital controls

Yesterday 15:19 Arthur Laffer has a word of advice for Argentina: Scrap capital controls now.

German FM says 'essential' to seal EU-Mercosur deal at Friday summit

Yesterday 14:44 German Foreign Minister Annalena Baerbock says it is "essential" that the European Union to finalise a free-trade deal with Latin America's Mercosur this week.

Argentina seeks its first wheat shipments to China in decades

30-11-2024 09:14 Argentina wheat traders are seeking to close their first significant sales to China since the 1990s, according to the head of the country’s top crop-exporting group.

The ecstasy of Javier Milei

30-11-2024 05:48 Things look rosy for the libertarians at this juncture, encouraging them to become even more ambitious.

by Agustino Fontevecchia

Milei’s first Argentina privatisation beset by US$536-million debt

29-11-2024 21:57 President Javier Milei is imposing a December deadline on Argentina’s first bid to sell a long list of state-run companies to the private sector, outlining how challenging it will be.

Milei talks relations with ‘docile’ IMF and ‘generous’ Trump in interview

29-11-2024 12:58 President Javier Milei grants lengthy interview to UK magazine 'The Economist' detailing how he cut state spending, his relationship with US president-elect Donald Trump, ties with China and is seeking new deal with the International Monetary Fund.

Milei confirms his ‘chainsaw’ will keep running next year

27-11-2024 15:52 “Full speed ahead,” says Argentina's president, vowing that public spending cuts will continue into 2025.

Betting on Milei, investors choose longer duration

27-11-2024 12:43 Investors are extending the duration of their peso savings and investments, signalling confidence in President Javier Milei.

Argentina ‘sure’ of new IMF deal, says it doesn’t depend on Trump

21-11-2024 14:28 IMF spokeswoman Julie Kozack says authorities in Argentina are “exploring the option of moving to a new arrangement” with the multilateral lender to replace its existing US$44-billion loan programme.

Argentina moves to deepen soy waterway to ship bigger cargoes

20-11-2024 10:56 Argentina publishes terms of long-awaited tender for contractors to dredge waterway that ships billions of dollars of crops a year to global markets.

Javier Milei is giddy about Trump and his own accomplishments

18-11-2024 17:23 Almost one year into office, Javier Milei is, to the shock of pundits, having a moment. Not only does he have an ally back in the White House but on the economic front, he’s been racking up the victories.

Brazil makes progress on plan to import Argentine natural gas

18-11-2024 16:55 Brazil is moving forward with plans to import natural gas from Vaca Muerta formation in a sign that bilateral business deals can overcome a complicated political relationship. 

Milei’s turnaround effort wins Argentine credit upgrade from Fitch

15-11-2024 22:05 Argentina’s credit rating was raised two notches by Fitch Ratings to 'CC.'

Hunger in G20 host Brazil is Lula's unfinished fight

14-11-2024 19:32 Left-wing President Luiz Inácio Lula da Silva will call for "Global Alliance against Hunger and Poverty" at the G20 summit in Rio.

Blocking and Bargaining: France and farmers fight EU-Mercosur trade deal

13-11-2024 15:35 The EU-Mercosur trade deal, which would create the world’s largest free trade zone, is nearing potential ratification after 25 years of negotiation, despite fierce opposition from France and European farmers.

Wall Street skips Argentina bond and M&A rally loved by locals

13-11-2024 14:34 Government bonds are up 151% since Javier Milei won last year’s presidential election, but the foreign share of holdings is down.

Inflation slowed to 2.7% in October – lowest level in almost three years

12-11-2024 16:59 Consumer prices have increased by 107% in the first 10 months of the year and by 193% over the last year, reveals INDEC bureau.

Extreme poverty soars to affect six million, study shows

12-11-2024 14:19 Destitution rates have grown much faster than poverty in recent years in Argentina. According to a study by the University of Buenos Aires based on government data, more than six million people were not meeting daily nutritional needs in the first quarter of the year.

by Agustina Bordigoni

France seeks to rope in Poland to block EU-Mercosur free-trade deal

08-11-2024 19:40 France is hoping to persuade Poland into joining forces to block a sweeping trade deal between the European Union and Latin America’s Mercosur bloc.

Burford open to Argentine bonds for US$16-billion judgement

08-11-2024 19:36 Burford Capital, which won a US$16-billion judgement against Argentina over its nationalisation of energy firm YPF SA more than a decade ago are open to receiving payment in bonds instead of cash.