News of economy

United States says it will control Venezuela oil exports indefinitely

Yesterday 17:06 Trump administration plans to control future sales of Venezuelan oil and hold the proceeds in US accounts.

Argentina secures US$3-billion loan from private banks

Yesterday 15:51 Short-term repo operation boosts reserves ahead of more than US$4 billion in foreign-currency debt repayments due this week.

EU offers farmers extra funds to quell anger at Mercosur deal

06-01-2026 14:00 European Union will adjust its budget proposal for 2028-2034 to allow farmers early access to around 45 billion euros (US$53 billion) in funding.

Venezuela’s new leader is the oil industry’s long-time ally

06-01-2026 13:52 Delcy Rodríguez oversees Venezuela’s oil apparatus and has decades of relationships among the remaining socialist stronghold in government.

Poverty plummets to 17.3% in Buenos Aires City

05-01-2026 18:30 Poverty rate in third quarter of last year fell to 17.3% in the capital – a drop by 10.8 percentage points from the same period of 2024.

Italy plans to back Mercosur, paving way for EU trade deal

05-01-2026 18:25 Deal can pass without support from France and just needs a qualified majority of the EU’s 27 member states. 

Milei formally eases tax evasion rules to draw out 'mattress dollars'

03-01-2026 10:48 President Javier Milei promulgates 'fiscal innocence' law, which raises minimum thresholds for prosecuting citizens for tax evasion.

Argentina sells dollars to curb peso slide as new rules kick in

03-01-2026 08:57 Argentina’s Treasury sold dollars Friday, looking to limit the decline of the peso on the first day that new FX rules kicked in.

Milei carves path for savers to stop stashing cash under couches

31-12-2025 09:39 President Milei has convinced nearly 300,000 Argentines to declare over US$20 billion in a tax amnesty programme that established that deposits above US$100,000 had to remain untouched in bank or brokerage accounts until January 2026.

Argentina still US$2.4 billion short for January bond payments

31-12-2025 09:33 With just trading days left ahead of a crucial January 9 deadline, Argentina’s Treasury only has US$1.9 billion of the US$4.3 billion it owes despite recent efforts to bolster the country’s stash of dollars.

Milei’s alignment with Trump pays off, but trade deal is for 2026

29-12-2025 16:06 President Javier Milei’s alignment with his US counterpart Donald Trump was his electoral driving force in 2025, but the trade deal will have to wait until 2026.

Chilean firms partner to form giant company to exploit lithium

28-12-2025 08:55 Chile’s Codelco and SQM seal landmark deal to boost lithium extraction in Chile's Atacama Desert, giving the government control of one of the world’s richest reserves of the metal.

Milei’s party steers 2026 Budget bill through Senate

26-12-2025 22:01 Upper house votes in favour of President’s 2026 Budget bill; Government backed by pro-dialogue lawmakers and handful of Peronists.

The physics of power in Milei’s Argentina

26-12-2025 07:50 As the year enters its final stretch, spectators are looking to the Milei administration in order to figure out whether it will be able to deliver on multiple fronts, particularly whether it will manage to build a consensus in Congress.

by Agustino Fontevecchia

Stories that caught our eye: December 20 to 24

24-12-2025 14:17 A selection of stories that caught our eye over the last few days in Argentina.

Milei’s chainsaw slashes 50 trillion pesos in spending

23-12-2025 16:35 Data from the IARAF institute shows government has cut almost US$8 billion in spending since taking office – and President Milei is going for more, saying he will readjust spending even if 2026 Budget is approved.

Argentina’s historic love affair with beef begins to fray

23-12-2025 14:19 Nation's historic, identity-defining relationship with beef is undergoing a slow and profound change, with a future focused on exports.

Economy grew less than expected before midterms

22-12-2025 18:03 Argentina’s economy grew less than expected in October in the face of a market sell-off.

Milei’s tactical retreat and the liquid contours of power

20-12-2025 08:48 Milei’s libertarians have grown in owned legislative muscle, they still need from circumstantial allies and provincial governors to pass legislation.

by Agustino Fontevecchia

British Embassy hails Jane Austen’s enduring legacy on anniversary

20-12-2025 08:43 UK Ambassador David Cairns leads event celebrating 250 years since the birth of beloved author.

Mercosur meets in Brazil, EU eyes January 12 trade deal

19-12-2025 17:35 Deal, which has been under negotiation for more than 25 years, met with fierce opposition from farmers and has now been postponed to January.

Grassi clears hurdle to take over distressed soy giant

19-12-2025 17:28 Grassi SA, one of Argentina’s top grain brokerages, cleared what could be the last hurdle to take over distressed exporter Vicentin SAIC.

Key reforms up for debate as Milei begins Congress push

18-12-2025 15:48 Lawmakers open debate on Milei’s 2026 Budget bill, a labour reform package and controversial changes to the National Glaciers Law.

Milei’s Budget clears lower house – but without repeal clauses

18-12-2025 14:31 President Javier Milei’s ruling party secures passage of the government’s 2026 Budget bill through the lower house – but without clauses repealing state university and disability laws.

YPF seeking US$12.5-billion financing from JP Morgan for LNG project

18-12-2025 00:55 State energy company negotiating the entry of a new partner to replace Shell with a target of 18 million tons LNG projection. Next year, investment will jump to US$6 billion despite lower crude oil prices.

by Eugenia Muzio

Milei's law for (removing) glacier protection is a regressive reform

17-12-2025 23:56 The bill to amend the National Glacier Protection Law, would dismantle the minimalist regime which today protects glaciers and the periglacial perimeter, Argentina’s most important strategic water reserves.

Milei gives in to IMF pressure and opens door to inflation risk

17-12-2025 12:50 Economic team has relinquished price deceleration as its overriding priority in an effort to break through the floor of Argentina’s country risk rating, but new strategy faces market scepticism over government’s financing capacity.

by Eugenia Muzio

Italy says 'premature' to sign EU-Mercosur deal

17-12-2025 10:21 Italian Prime Minister Giorgia Meloni said her government is not ready to sign a massive trade agreement with the Mercosur bloc, publicly joining France’s opposition and casting doubt on the pact’s future.