News of business

Milei’s revamp offers CEOs a glimmer of optimism about Argentina

29-10-2024 11:17 Business leaders say they're feeling encouraged about Argentina for the first time in years.

Milei’s Bermuda Triangle

21-09-2024 06:31 Milei’s political future lies within a triangle defined by inflation, approval ratings, and unemployment.

by Marcelo J. García

Gregorio Pérez Companc, one of Argentina’s richest men, dies at 89

14-06-2024 13:20 Gregorio Pérez Companc, who helped transform the face of Argentina’s corporate world with investments from telecommunications to farming and oil, which made him a billionaire, has died aged 89.

Milei to meet with CEOs of Meta, Google, Apple, OpenAI

28-05-2024 11:36 Javier Milei will meet with “four of the 10 most important businessmen in the world” during his trip to the United States, according to Presidential Spokesperson Manuel Adorni.

Power supplier Central Puerto eyes stake in McEwen’s copper project

06-05-2024 14:57 Central Puerto SA, Argentina’s biggest power supplier, is in talks to invest in Canadian miner McEwen Copper Inc’s Los Azules project.

Top CEOs to heap praise on Milei at Patagonia retreat

17-04-2024 13:18 Elsztain will host president at exclusive Bariloche event; IRSA starting construction on biggest project in its history

Spending plunges at shops with Milei cuts hitting hard

04-03-2024 15:48 Spending at small- and medium-size businesses — Argentina’s largest sector of employment — plunged 25.5 percent in February from a year ago, the third straight month of double-digit losses.

Are two Caputos one too many for Milei?

02-03-2024 05:25 Foreign observers and investors welcome that Milei is a man on a mission to turn Argentina into a more open, more pro-market economy … but they don’t like conflict as the end itself, nor the Casa Rosada’s unwillingness to compromise.

by Marcelo J. García

Argentina authorises Elon Musk's Starlink, rival Amazon Kuiper

27-02-2024 12:13 President Javier Milei's government grants authorisation to Elon Musk's Starlink and two other competitors as rumours billionaire businessman will visit Buenos Aires ramp up.

Pay up, or else: Latin America cowed by lucrative extortion

26-02-2024 13:50 Extortion, a business more lucrative than drug trafficking thanks to its high profits, has become the bane of citizens' existence from Mexico through Central America to Colombia, Ecuador and Peru.

‘First six months of 2024 are going to be terrible,’ says Argentine business leader

15-11-2023 22:41 Head of Cámara Argentina de Comercio offers ominous forecast for next government’s initial months in office and warns politicians must “do things properly" in what looks to be a “complex” year ahead.

Here are the assets to watch ahead of Argentina’s presidential election

20-10-2023 07:41 Investors in Argentine assets are bracing for losses ahead of Sunday’s presidential election, with uncertainty high as voters grapple with triple-digit inflation and economic gloom. Here are key assets to watch ahead of the vote.

Business world recalculates in face of Milei wave

05-10-2023 15:29 One sector is "worried" by the advance of a mood which could affect business institutions. A new ‘grieta’ chasm has opened up between the "prebendarios" (those living off the state) and "autónomos" (self-financing). A youthful sector of the economic elite already backs the libertarian.

by Ariel Maciel

Brazil to send business leaders to Cuba in push to rebuild ties

02-09-2023 10:32 Delegation of at least 30 Brazilian business leaders will travel to Havana on Monday in search of opportunities to boost trade with Cuba, the latest step in Lula's push to repair relations between the two nations.

Report: Public employment up 34% in Argentina since 2011, private only 3%

05-07-2023 12:32 New report by IERAL, business school of the Fundación Mediterránea think tank, shows a massive imbalance between the growth of public and private sector jobs in Argentina. Only province in which private-sector jobs grew faster was Neuquén, thanks to Vaca Muerta. Córdoba recruited the fewest state employees.

Banco Itaú in ‘preliminary’ talks to sell Argentine arm to Banco Macro

06-06-2023 12:07 Banco Itaú, one of the largest banks in Latin America, is considering closing its operations in Argentina; Statement confirms “preliminary negotiations” with Argentina’s Banco Macro.

Argentina's parallel currency slides as cracks widen

26-04-2023 15:49 The country will hold elections later this year. Whoever wins will inherit an economic disaster.

Election 2023 hopefuls outline economic plans to business leaders

20-04-2023 14:29 Milei, Rodríguez Larreta, Bullrich and Vidal outline their economic plans to the nation’s top business leaders at the Llao Llao Forum in Bariloche – here’s what the leading candidates told the ‘círculo rojo.’

Venezuela’s nine-cent bonds lure a distressed-debt veteran

28-12-2022 14:16 Trader raising money to buy defaulted Venezuelan bonds amid signs of easing tensions between President Nicolás Maduro, the political opposition and the United States.

World economy faces more pain in 2023 after a gloomy year

27-12-2022 09:56 International Monetary Fund expects the world economy to expand in 2023, with growth of 2.7%. The OECD is forecasting 2.2% growth.