News of economy

President Javier Milei appears at the Milken Institute.

Milei to investors: ‘American dream is being reborn in US and Argentina’

Today 00:45 President tells Milken Institute conference the "American dream" is being reborn under his government and to "bet on Argentina."

BILLIONAIRE BOSS STEPS DOWN

Paolo Rocca steps down as Tenaris chief after tensions with Milei

Yesterday 23:16 Tenaris confirms that veteran Italo-Argentine billionaire will be replaced by Gabriel Podskubka, the current chief operating officer (COO), at helm; Rocca to remain chairman, move comes after tensions with President Milei.

US President Donald Trump and Argentina's President Javier Milei pose for a photo at the beginning of the 'Shield of the Americas' Summit at Trump National Doral in Miami, Florida, March 7, 2026.

US-ARGENTINA RELATIONS

Trump gives Milei another boost, ups Argentina’s IP rating

Yesterday 22:53 United States government improves Argentina’s ratings for the protection of and respect for intellectual property rights for first time in three decades.

Commuters near a Banco Provincia bank branch in the financial district of Buenos Aires.

ECONOMIC OUTLOOK

Milei government sees financial reasons to be cheerful

Yesterday 22:45 President Javier Milei’s economic team sees a change in trend with external traction and lower interest rates. Experts and analysts speculate about sustainability of the model, income shock and Central Bank’s theory about a crisis of arrears.

by Eugenia Muzio

BUSINESS & INDUSTRY

Billionaire Rocca steps down as Tenaris CEO after 24 years

Yesterday 22:30 Argentine-Italian billionaire steps down as CEO of steel-pipe maker Tenaris SA, but will remain as chairman.

A combine harvester cuts through a field of soybean plants at a drought-affected farm in San José de la Esquina, Argentina in April 2023.

Agricultural exports

Argentina fights to save huge soy exports after Dutch rejections

Yesterday 16:11 Recent rejections of Argentine soy meal cargoes by the Netherlands creates complications; Testing detected drought-resistant HB4 strain, which lacks authorisation in EU.

The Economy Ministry building in Buenos Aires, Argentina, on Wednesday, December 10, 2025.

MARKETS & BONDS

Argentine dollar bonds jump as Fitch upgrade revives demand

Yesterday 15:57 Dollar bonds rallied Wednesday after Fitch Ratings upgraded the country’s credit score to its highest level since 2019.

RATINGS AGENCY

Argentina upgraded by Fitch on Milei’s economic overhaul

05-05-2026 21:33 Nation raised to 'B-' from 'CCC+' – six notches below investment grade, ratings firm said in a statement.

RATINGS AGENCY

Boost for Milei as Fitch lifts Argentina's credit rating to B-

05-05-2026 20:52 Fitch raises Argentina's credit rating one notch, citing the country's improved fiscal picture and its progress on economic reforms.

Documents allegedly showing the works ordered by Manuel Adorni at the property in Exhaltación de la Cruz.

FURTHER REVELATIONS

Contractor testimony fuels illicit enrichment case against Adorni

05-05-2026 09:27 Adorni faces arrest call as contractor alleges US$245,000 cash payment for luxury revelations; Contractor hands over phone as court probes alleged interference and unexplained wealth.

President Javier Milei plays dress up with the Armed Forces.

MILITARY & DEFENCE

Argentina to use revenue from privatisations to 'modernise' Armed Forces

04-05-2026 20:38 Ten percent of revenue from selling state assets and firms will be dedicated to "re-equipping and modernising the Armed Forces," announces government.

Javier Milei at a campaign rally in Buenos Aires on June 7, 2023.

FINANCE & BANKING

Argentines keep cash under mattresses even as Milei pushes bank accounts

04-05-2026 14:44 Officials estimate roughly US$170 billion sits outside banks. Unlocking even a fraction of that by putting it to work in the formal financial system could help revive Argentina's economy.

SUBSIDIES SLASHED

Milei’s ‘chainsaw’ slashes energy subsidies for three million households

04-05-2026 14:08 ‘Chainsaw’ slashes subsidies to lowest levels in years; Register clean-up and tariff reform has driven US$5.6 billion in savings, according to government; Nearly half of households now pay the full tariff.

BEYOND THE HEADLINES

Less work in labour

02-05-2026 00:37 Trade unionism in Argentina predates May Day as International Workers Day in the world – Argentine printers first unionised in 1878; May Day as an occasion for worker protest has its roots in the Chicago general strike of 1886.

by Michael Soltys

POLITICS – ANALYSIS

Myriam Bregman: the ‘heroine’ Gotham deserves?

02-05-2026 00:32 Unemployment, inflation and a troubling economic situation are important issues affecting the population, while corruption remains at the top. Not only are people worried about their personal situation, but they are also witnessing the moral decrepitude of the ’new’ political class.

by Agustino Fontevecchia

Manuel and Javi face up to the problems.

Editorial

Missing the point

02-05-2026 00:28 The magnified Adorni scandal is a huge problem for the government, making nonsense of “morality as a state policy” from Milei’s state-of-the-nation speech or his “cultural battle,” but it also serves as a distraction from more serious problems.

Formula 1 racing driver Franco Colapinto reportedly drew over half-a-million people to his road show last Sunday.

THE WEEK IN REVIEW

Stories that caught our eye: April 24 to May 1

01-05-2026 17:24 A selection of the stories that caught our eye over the last seven days in Argentina.

The threatening graffiti was painted in red — a colour the victim said symbolised blood.

CRIME & SECURITY

Police arrest duo after raid over 'Chinese mafia' supermarket threats in Mar del Plata

01-05-2026 15:30 Two arrested and cash, firearms seized after probe into alleged extortion network targeting Chinese-run supermarkets.

ENERGY & GAS

Shut-out Techint loses another key Vaca Muerta tender

01-05-2026 12:14 Techint group suffered a new reverse in the domestic energy sector after failing to secure a key tender to construct a strategic gas pipeline.

Ursula von der Leyen, president of the European Commission, left, and Javier Milei, Argentina's president, during a news conference at the Mercosur Leaders Summit in Montevideo, Uruguay, on Friday, December 6, 2024.

EU-MERCOSUR TRADE DEAL

Blockbuster EU-Mercosur trade deal set to enter into force

01-05-2026 12:01 European Union and Mercosur trade agreement comes into force provisionally; Euro leaders hail "historic" day that will see tariffs significantly reduced."

Workers from a meat workers’ union march to Plaza de Mayo during a demonstration called by Argentine unions on April 30, 2026, on the eve of International Workers’ Day and against the government of Argentine President Javier Milei.

POLITICS & LABOUR

Unions rally in Buenos Aires against Milei ahead of Labour Day

30-04-2026 19:20 Unions protest Milei’s labour reforms as concerns grow over jobs, rights and economic strain; Rally takes place on eve of International Workers' Day.

President Javier Milei at the National Congress in Buenos Aires on April 29, 2026.

BLOOMBERG - ANALYSIS

Thiel is the latest rabbit Milei has pulled from a hat

30-04-2026 13:20 Argentina’s previous two presidents failed to win re-election, undone by their inability to resolve the country’s economic problems. Despite the recent turbulence, Milei is well positioned to break that trend.

CORRUPTION & THE COURTS

Top court overturns Alberto Fernández’s indictment in insurance case

30-04-2026 08:52 Cassation ruling cites lack of evidence but case remains open and could be revisited; Judges lift asset freeze and travel ban, ex-president still faces abuse trial.

Javier Milei, flanked by his sister Karina and cabinet chief Manuel Adorni, applauds during a swearing in ceremony at the National Congress in 2025.

POLITICS – ANALYSIS

Milei stands by Cabinet chief amid growing corruption scandal

29-04-2026 22:46 Court probe into Manuel Adorni is unfolding at the most tenuous moment of Javier Milei’s Presidency, adding to his mounting list of challenges.

Cabinet Chief Manuel Adorni arrives for his management report to Argentina's Congress in Buenos Aires on April 29, 2026.

POLITICS

Cabinet Chief Adorni denies corruption allegations in Congress appearance

29-04-2026 16:50 Under-fire official presents management report to Congress, accompanied by President Javier Milei and several top officials; Cabinet chief denies corruption allegations and declares: “I have committed no crime.”

ANALYSIS: SHOCK THERAPY

Argentina bond investors increasingly fear the day after Milei

29-04-2026 15:36 Worries over the economy’s future have been reignited by polls showing the President’s approval rating is at its lowest since he took office.

NO MORE CHAINSAW

President doubles pay for Cabinet ministers via presidential decree

29-04-2026 14:53 Data emerges from government report accessed by Perfil through request filed under Access to Public Information Law. Backdated to last January, Cabinet ministers now earn 7.2 million pesos a month – a rise from some 3.5 million previously.

by Felipe Leibovich

ENERGY & GAS

Argentina hunts for LNG imports for Winter in war-wrecked market

28-04-2026 19:21 Argentina is looking to purchase liquefied natural gas cargoes for its upcoming winter heating season.

Colombian soldiers patrol the Pozos Colorados Beach ahead of the International Conference on the Just Transition Away from Fossil Fuels in Santa Marta, Colombia, on April 27, 2026.

ENVIRONMENT & CLIMATE

Nations to kick off world-first fossil fuel exit talks

28-04-2026 11:42 Two-day conference in Santa Marta, Colombia, bypasses the United Nations climate talks and reflects a growing impatience with its failure to tackle fossil fuels, the main driver of global warming.

AGRICULTURE & ECONOMY

Netherlands rejects Argentina soy meal cargoes over GMO issue

28-04-2026 11:16 Netherlands has rejected at least two Argentinian soybean meal cargoes this month after non-approved genetically modified material was found.

Aerial view of workers at an apartment building construction site in Santiago on April 9, 2026.

ECONOMIC OUTLOOK

UN body trims Latin America growth outlook on Middle East conflict

28-04-2026 10:40 United Nations body CEPAL/ECLAC warns of weaker expansion, rising inflation pressures as oil shock ripples through regional economies.

Worker at the Vaca Muerta Sur pipeline construction site in Neuquén, Argentina.

ENERGY & GAS

Milei incentives set to boost US$12-billion Vaca Muerta oil field

25-04-2026 12:10 Pluspetrol SA, a privately-owned driller, said it would accelerate production of Bajo del Choique-La Invernada under Milei’s so-called RIGI initiative.

ANALYSING ARGENTINA

Will the Peronists resort to God in 2027?

25-04-2026 06:37 Dante Gebel is testing the waters to see if he can break Argentina’s dichotomy and appeal to voters from a spiritual rather than a rational angle.

by Marcelo J. García

Editorial

Problems of success?

25-04-2026 06:25 The transformation sought by President Javier Milei in Argentina runs into a delicate balance between the upward thrust of the new being created and the downward pull of the old being destroyed

politics & environment

Milei’s glacier law reform push hits first legal hurdle

24-04-2026 21:43 Court blocks application of law in Santa Cruz Province; Milei's overhaul over glaciar protection rules hands provinces control over protected areas.

President Javier Milei attends an Independence Day ceremony in Israel.

THE WEEK IN REVIEW

Stories that caught our eye: April 17 to 24

24-04-2026 18:55 A selection of stories that caught our eye over the last seven days in Argentina.

Aerial view of Punta del Este seaside resort, in Maldonado, Uruguay.

LUXURY IN SOUTH AMERICA

Rich Latin Americans descend on Uruguay’s beach haven to party

24-04-2026 11:53 Punta del Este is becoming a top destination for those looking to host lavish celebrations.

Leaders of the CGT, unions and members of the judicial labour courts attend a rally to support legal action against President Javier Milei's labour reform bill, in front of Argentine courthouse in Buenos Aires on March 2, 2026.

labour reform push

Appeals court backs Milei's labour reform in key ruling

24-04-2026 11:50 National Labour Appeals Court rules that labour reform is constitutional; Judges overturn injunction, unions vow fresh protests.

POLITICS – ANALYSIS

Peter Thiel’s dystopia, Milei’s utopia

24-04-2026 06:07 There is ideological affinity between Milei and Thiel. Both of them fall under the category of anarcho-capitalist libertarians who see socialism and the decadence of Western society as major threats to humanity.

by Agustino Fontevecchia

Peter Thiel meets Javier Milei at the Casa Rosada.

POLITICS

Milei discusses taxes, culture war, politics in ‘wonderful’ meeting with Thiel

23-04-2026 21:32 President discusses liberalism, wealth taxes and anarcho-capitalism with German-US billionaire investor at government house.

Argentina's President Javier Milei casts his vote at a polling station during the legislative elections in the city of Buenos Aires on May 18, 2025.

POLITICS

Milei moves to eliminate PASO primaries in election reform push

23-04-2026 15:48 President announces electoral reform: elimination of PASO primaries, changes in campaign funding and introduction of ‘Ficha Limpia’ rule.

Accredited journalists pose for pictures in front of Casa Rosada government palace after President Javier Milei government banned access to accredited journalists in Buenos Aires on April 23, 2026.

PRESS FREEDOM

Government bans press from Casa Rosada over ‘espionage’ complaint

23-04-2026 15:24 Argentina’s government on Thursday barred accredited press from entering the Casa Rosada as part of a “preventative” measure related to alleged “espionage” complaint; Decision, cheered by Javier Milei on social media, came hours before the head of state hosted controversial US tech entrepreneur Peter Thiel at government house.

POLITICS & CONGRESS

Milei’s party sees Senate as best chance of success for controversial bills

23-04-2026 13:55 Milei government is giving priority to the Senate thanks to La Libertad Avanza caucus chief Patricia Bullrich well-assembled majority; Controversial reforms include changes to disability benefits and mental health rules, private property, evictions and the scrapping of limits on foreign ownership of land in Argentina.

Brazil’s Vice-President Geraldo Alckmin.

TRADE & COMMERCE

Mercosur to reconsider Venezuela’s membership, Brazil says

23-04-2026 11:36 Mercosur is set to discuss Venezuela’s possible return to the South American trade bloc as countries warm to Caracas following Nicolás Maduro's ouster.

COURTS

YPF investors say they’ll arbitrate $16-billion Argentina case

22-04-2026 23:58 Former YPF investors who saw US$16.1-billion US judgment against Argentina thrown out on appeal last month tell trial judge that they intend to pursue international treaty arbitration and further appeals.

ECONOMIC INDICATORS

INDEC: Economic activity fell 2.6% in February

22-04-2026 23:46 Economic activity posts steepest drop since December 2023, INDEC says; Manufacturing and commerce lead declines in February, gains for mining and agriculture.

Shoppers browse products in a supermarket in Buenos Aires.

ECONOMIC INDICATORS

Economic activity posts biggest slump since 2023

22-04-2026 22:46 Economy contracted sharply in February, posting its biggest monthly decline since 2023; Retail and manufacturing continue to struggle.

Child poverty in Argentina

One child in every five in Argentina lacks money to see a doctor

22-04-2026 16:04 Observatorio de la Deuda Social Argentina poverty watchdogs at UCA publish shocking report revealing what is happening to the health and education of Argentina’s children.

by Enrique Garabetyan

US Ambassador in Argentina Peter Lamelas sparks ire of China's Embassy in Argentina.

DIPLOMATIC ROW

US and Chinese envoys in Argentina clash over influence in region

22-04-2026 15:33 Chinese Embassy in Argentina accuses US Ambassador Peter Lamelas of “ideological prejudices” and defamation after Washington’s envoy warned about advance of Asian giant.

A volunteer serves stew on a pot at the yard of the childhood home of the late football star Diego Maradona, now transformed into a soup kitchen for neighbours in need, in Villa Fiorito, Buenos Aires Province, on April 9, 2026.

Child poverty in Argentina

More than 50% of children in Argentina are poor, says UCA report

22-04-2026 13:02 According to a report by the Observatory of Social Debt at the Catholic University of Argentina (UCA), poverty rate among children stood at 53.6% at the end of 2025.

Villa 31 shantytown, backdropped by part of Buenos Aires.

WEALTH & SOCIETY

Is taxing the super rich really viable in Latin America?

22-04-2026 12:05 New report proposing minimal levy on individuals with huge asset wealth in Latin America proposes a way to tax extreme wealth, but the idea also faces resistance.

LATIN AMERICA

Daniel Noboa’s ‘new Ecuador’ has some fearing loss of civil freedoms

22-04-2026 10:40 Ecuador's Daniel Noboa appears to be consolidating power in ways that are causing growing unease in civil society. One week it’s political parties, the next it’s the courts. Now it’s the media.

A ship is loaded at port in the Argentine agricultural hub of Rosario.

ANALYSIS: SHOCK THERAPY

US$30bn export deluge gives Milei chance to rebuild reserves

22-04-2026 10:17 Flood of hard currency over the next six months should give Argentina's Central Bank its best chance yet to build up international reserves.

PRESIDENT IN ISRAEL

Milei ends visit to Israel with song at Independence Day ceremony

21-04-2026 22:07 Argentina's President watched Independence Day ceremony from the front row, alongside Israeli Prime Minister Benjamin Netanyahu, before taking to the stage for a speech and a song.

Rafael Mariano Grossi, Argentina's candidate to be the next secretary-general of the United Nations, address the UN General Assembly during public hearings for the post.

RACE FOR UN SECRETARY-GENERAL

Rafael Grossi pitches ‘enlightened pragmatism’ for fractured UN

21-04-2026 21:49 IAEA chief warns of growing distrust in the United Nations while outlining a more “pragmatic” approach to global crises; UN is not going in the right direction, he warns, offering “impartial” leadership and a front-footed approach to global crises.

by James Grainger

Shipping containers at a port in Buenos Aires.

Economic indicators

Argentina posts ‘historic’ March trade surplus as exports surge

21-04-2026 15:42 Energy sector behind nearly half of March’s US$2.5 billion trade surplus, according to INDEC data.

FILM & CINEMA

Luis Puenzo, director of Argentina’s first Oscar-winning feature, dies at 80

21-04-2026 13:08 Luis Puenzo, director who won Argentina’s first Oscar, has died aged 80; 'La historia oficial,' which tackled kidnapping of infants during dictatorship era, won the Academy Award for Best Foreign Language Film in 1986.

RIGHTS REPORT

Amnesty Int'l warns Milei government scaling back protections

21-04-2026 11:57 Report by NGO’s local chapter says government’s cuts have deepened inequality, with protests, the press and gender violence and abortion protections under increasing pressure.

by James Grainger

Grupo Mexico has pledged an initial US$3-billion investment to rebuild Argentina’s rail system.

Privatisation plans

Milei’s auction of nation's railroads risks sidelining US-backed bidder

21-04-2026 10:37 The model Milei's administration has chosen for the auctioning off of Argentina’s decaying freight railways has drawn criticism from industry experts and risks sidelining one of the most prominent bidders.

President Javier Milei visits the Western Wall in the old city of Jerusalem on April 19, 2026.

PRESIDENT IN ISRAEL

Milei says US-Israel war against Iran is 'right thing to do'

20-04-2026 09:16 President praises United States and Israel for “war on terrorism” against Iran and its proxies; Milei and Netanyahu launch ‘Isaac Accords’ to unite nations with “Judeo-Christian values.”

Editorial

Uneasy lies the head

18-04-2026 00:01 With neither fiscal policy changes possible nor economic pickup likely in any near future and with investors continuing to hold back, President Javier Milei's government badly needs to change the subject

As I see it

Time could be running out for Milei

18-04-2026 00:01 Governments that have little to fear from an effective opposition soon fall prey to the internal squabbles politicians so greatly enjoy.

by James Neilson

News photographer Tadeo Bourbon has been awarded a prize by the international World Press Photo (WPP) organisation for his photograph of the elderly Father Jorge ‘Chueco’ Romero being arrested by Coast Guards while joining pensioners in their weekly protest march outside Congress last May 14.

THE WEEK IN REVIEW

Stories that caught our eye: April 10 to 17

17-04-2026 18:17 A selection of the stories that caught our eye over the last seven days in Argentina.

IMF & ARGENTINA

Dollar shortage still looms after Argentina buys time at IMF

17-04-2026 17:27 Argentina has bought time, but the government still faces a hard-currency shortage that it'll have to tackle before elections next year.

POLITICS – ANALYSIS

Smelling a drop of blood in the water

17-04-2026 16:17 Losing control of the digital discourse for Milei is akin to losing the streets for a traditional Peronist politician of the 21st-century.

by Agustino Fontevecchia

BEYOND THE HEADLINES

Is right right or a write-off?

17-04-2026 15:24 With Orban losing power and Trump upbraiding Meloni for sticking up for Pope Leo against his insults, President Javier Milei finds himself in a shrinking club.

by Michael Soltys

Economy Minister Luis Caputo and Ilan Goldfajn, President of the Inter-American Development Bank.

FRESH FINANCING

IDB joins World Bank in backing debt refinancing plan

17-04-2026 14:05 Multilateral support builds as government seeks cheaper refinancing ahead of July debt maturities.

SOCIAL INDICATORS

Human Capital Ministry counts 9,421 people living on streets across 19 provinces

17-04-2026 13:44 Study by Human Capital Ministry says homelessness mainly affects people in informal work, with partial incomes, fractured family ties and health or substance abuse problems.

Karina Milei took underfire Cabinet Chief Manuel Adorni with her on a trip to see YPF's facilities at the Vaca Muerta shale formation in Argentina's south.

POLITICS

Karina takes Adorni south in show of support as scrutiny mounts

17-04-2026 01:44 Government insists it’s business-as-usual as drip-feed revelations over Manuel Adorni’s finances ramp up pressure on official; Presidential Chief-of-Staff takes Cabinet chief with her to Neuquén for Vaca Muerta visit.

Economy Minister Luis Caputo and Central Bank Governor Santiago Bausili appear at an event in Washington DC organised by the Atlantic Council.

OFFICIALS IN WASHINGTON

Argentina now more resilient to external shocks, top officials say

16-04-2026 23:52 Economy Minister Luis Caputo and Central Bank chief Santiago Bausili tell audience in Washington that Argentina's FX regime held firm, marking a break from past crises.

by Santiago del Carril