News of economy

Sense and the census

04-02-2023 06:00 What this census is providing are updated figures on the population of Argentine provinces, which should at least serve to remove any excuse for not making the final reform of federal revenue-sharing stipulated for the year 1996 by the 1994 constitutional reformers.

What we learned this week: January 28 to February 3

03-02-2023 09:30 A selection of the stories that caught our eye over the last seven days in Argentina...

Australian billionaire eyes investment in Argentina energy or mining

01-02-2023 23:50 Australian billionaire James Packer explored investment options during a dinner late last year at a race track in Buenos Aires with businessmen and politicians including Economy Minister Sergio Massa, according to sources.

Mercosur seeking ‘revised agreement’ with EU, says Cafiero

01-02-2023 18:58 Foreign minister says ‘assymetries’ in deal must be resolved; Top EU officials pinpoint July summit in Brussels as potential completion date.

Census data update shows Argentina’s population is 46 million

31-01-2023 23:14 INDEC shares fresh data from last May’s census, showing national headcount of 46,044,703 – 1.2 million lower than previous estimate. According to statistics bureau, 51.76% of the population is female and 48.22% male.

EU, Mercosur trade deal possible soon, says European official

31-01-2023 13:14 European Union hopes to finalise trade deal with Mercosur by July, says top EU official.

Lula receives Scholz on German leader's last leg of regional tour

30-01-2023 15:29 Brazilian President Luiz Inácio Lula da Silva received Olaf Scholz on Monday, with the German chancellor becoming the first Western leader to visit Brazil since 2015.

Fernández, Scholz meet with trade, investment, lithium on agenda

29-01-2023 10:56 Alberto Fernández and Olaf Scholz call for swift approval of stalled free-trade deal between the European Union and the Mercosur bloc; Two leaders ink agreements on lithium, investment and renewable energy.

On Planet K, inflation is all in the mind

28-01-2023 00:33 To bring things under control, Alberto’s government would have to slow down the printing presses and greatly reduce public spending, measures that, needless to say, it refuses to contemplate.

by James Neilson

German Chancellor heads to Argentina with investment on agenda

27-01-2023 16:44 German Chancellor Olaf Scholz will stay in Argentina for 48 hours as part of a Latin American tour designed to secure the flow of raw materials for German industry and revitalise the EU-Mercosur agreement.

Stories that caught the eye: January 20 to 27

27-01-2023 13:55 A selection of the stories that caught our eye over the last seven days in Argentina.

Oktoberfest in January

27-01-2023 10:59 With German Chancellor Olaf Scholz in town this coming week, the Teutonic presence in Argentina seems as good a topic for today’s column as any.

by Michael Soltys

Lula in Uruguay: Meeting with Lacalle Pou and a wink to the opposition

25-01-2023 13:10 Brazilian president arrived in Montevideo on Wednesday to meet with Luis Lacalle Pou; Talks regarding the Mercosur trade bloc dominate, but Lula also delivers a nod to the country’s opposition by meeting major figures of the left.

2023: Interesting challenges for investors in the year to come

25-01-2023 12:56 Having a global vision helps us understand that there are economic problems that transcend borders and the mechanisms used to solve them have consequences in different geographies.

Venezuela closed 2022 with an inflation rate of 234%

24-01-2023 13:41 Government officials in Venezuela reveal inflation has dropped from 130,000% per annum in 2018 to 234% in 2022, though private forecasters warn hyperinflation remains a threat.

Argentine meat-packing heir wants to embed crops with animal DNA

24-01-2023 12:57 Newly listed Moolec Science SA is inserting pork and beef genes into soybeans and peas to create hybrid proteins that are both plant- and animal-based.

Brazil to finance Argentine importers in bid to boost trade ties

23-01-2023 21:42 Loans to Argentine companies will be given by public and private banks in Brazil and covered by guarantees from both governments.

Brazil: Uruguay's agreement with China would 'destroy' Mercosur

23-01-2023 15:57 Free-trade agreement between Uruguay and China would destroy Mercosur by contradicting the bloc's integration policies, declares Brazilian Foreign Minister Mauro Vieira.

Court between a rock and a hard place

21-01-2023 06:56 Both the 1947 and the 2002-2003 purges accomplished their missions but we may well be taking current events too seriously if we expect a similar outcome now.

For a few dollars less

21-01-2023 05:53 Sergio Massa looks no closer to gaining market confidence nor Cristina Fernández de Kirchner to advancing the impeachment of the Supreme Court beyond committee stage in Congress.

Horacio Rodríguez Larreta: ‘I do not see any clear government plan to lower inflation’

20-01-2023 12:53 Buenos Aires City Mayor and likely 2023 presidential hopeful Horacio Rodríguez Larreta on the Supreme Court’s federal revenue-sharing ruling, next year’s election and developments from the last 12 months.

by Jorge Fontevecchia

Davos backs an Argentine firm that optimises irrigation with new tech

20-01-2023 11:53 Kilimo, an Argentine company that uses data to optimise irrigation, received strong financial support at this year's Davos forum to continue developing a system that helps farmers in Latin America save thousands of litres of water.

Argentina’s US$1-billion bond buyback is baffling investors

19-01-2023 14:25 While repurchasing the bonds at a fraction of their face value could ultimately save the country hundreds of millions of dollars in interest and principal payments, investors point out that the government doesn’t have very much room in Central Bank coffers to fund such a lavish buyback.

Brazil's unemployment continues to fall to seven-year low

19-01-2023 12:57 Brazil's unemployment continued to fall in the three months from September to November 2022, hitting a new seven-year low of 8.1%, official figures published on Thursday showed.

Argentina’s bond buyback seems to make little sense

19-01-2023 02:45 It is generally thought that it is better to buy back bonds when they are cheap than when they have just posted a sharp rise, but perhaps Massa knows something we don't.

Football scam jury hears of Fox TV rights bought with bribes

19-01-2023 02:22 Prosecutors said Hernán López and Carlos Martínez teamed up with the sports marketing firm Full Play Group SA to pay millions of dollars a year in bribes to officials of CONMEBOL, the governing body for South American football. Full Play is also a defendant in the case.

Poll: Almost 7 in 10 Argentines are unhappy with their jobs

17-01-2023 17:14 New survey by the Bumeran job portal shows that people living in Argentina are among the most dissatisfied workers in the region; 67% are unhappy with their jobs and 61% think their pay isn't enough.

Drought-busting rains come too late to salvage Argentina's soy

17-01-2023 16:31 Rains heralding the end of the devastating La Niña drought may come too late to prevent Argentina's soybean crop from withering.