News of business

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.

NEW YEAR APPROACHES

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.

BUSINESS

Corporación América Airports emerges from pandemic with sights on Africa

22-12-2022 14:18 After emerging from arguably the worst crisis in the history of the airline industry, one of the world’s largest airport operators is starting to see the benefits of a major shake-up.

FOREIGN POLICY & DIPLOMACY

Look north or east? Argentina’s tilt in a bipolar world remains unclear

10-12-2022 04:07 Beijing’s massive economic promise continues to stymie Washington’s attempts at democratic coalition in the Americas.

by Sam Forster

LEAKED TELEGRAM MESSAGES

President calls for investigation into alleged political-judicial collusion

05-12-2022 22:18 Alberto Fernandez calls for opening of a criminal investigation into alleged collusion between judges, prosecutors and media entrepreneurs after publication of leaked messages showing a conspiracy to cover-up details of a suspicious trip to Lago Escondido.

HEALTHCARE

AmCham Health Forum showcases opportunities for public-private collaboration

26-10-2022 14:59 American Chamber of Commerce hosts event bringing together top government officials with private industry leaders to discuss areas of growth and development for Argentina’s healthcare system.

by Sam Forster

BRAZIL ELECTION 2022

Brazil's business sector still supports Bolsonaro, but with reservations

27-09-2022 15:12 Elected in 2018 on a promise to reduce state intervention, far-right stayed true to his word with a series of policies favouring business – but support is not unanimous.

Bloomberg

Argentina moves to hike key rate by 800bps with local note offer

28-07-2022 16:44 Argentina’s central bank offered its Leliq note, which is used as the benchmark interest rate, at a rate of 60%, representing an 800 basis-point increase and the largest hike in almost three years.

Bloomberg

IMF sees Argentina committed to programme, with downside risks

26-07-2022 13:27 Officials re-iterate Argentina’s commitment to IMF $44 billion programme, despite economy in deepening crisis and risks on the downside.

BLOOMBERG - ANALYSIS

Price control chief quits in latest sign of infighting

24-05-2022 09:41 Resignation of Domestic Trade Secretary Roberto Feletti is the latest sign of infighting over the government’s economic strategy as annual inflation approaches 60 percent.

AMCHAM SUMMIT 2022

Guzmán tells AmCham that Argentina needs ‘common sense,’ not ‘fairy tales’

11-05-2022 01:19 Argentina’s economy minister addresses coalition tensions and inflation at AmCham summit; Opposition leaders Horacio Rodríguez Larreta and Patricia Bullrich pitch their visions to business leaders.

BLOOMBERG

Globant plans acquisitions to boost push into Asia and Europe

22-04-2022 18:37 Argentine software giant planning more growth through acquisitions that give it access to new markets and technologies.

LATIN AMERICA: MIGRATION

Disillusioned and 'betrayed,' Brazilians flock abroad

03-03-2022 14:00 Brazil is the largest economy in Latin America but every year thousands of its citizens pack their bags and head for pastures new.

BUDGET FURORE

Government extends 2021 Budget and restructures double severance

31-12-2021 12:35 The extension of the 2021 Budget and the phasing out of double severance were published last Thursday in the Official Gazette, via decrees signed by President Alberto Fernández.

THE YEAR TO COME

World economy now set to surpass US$100 trillion in 2022

29-12-2021 21:54 The world economy is set to surpass US$100 trillion for the first time in 2022, two years earlier than previously forecast, according to the Centre for Economics and Business Research.

BLOOMBERG

Just a year of Brexit has thumped UK’s economy and businesses

22-12-2021 09:31 In the months after Boris Johnson signed his post-Brexit trade deal with the European Union, the coronavirus masked the economic damage of leaving the bloc. As the pandemic drags on, the cost is becoming clearer – and voters are noticing.

Bloomberg

Latam Airlines reaches bankruptcy deal that hands reins to creditors

28-11-2021 08:37 Latam Airlines Group SA has reached a deal with key stakeholders that paves the way for the Chilean carrier to slash debt and exit bankruptcy under new ownership.

ECONOMIC INDICATORS

Tech firms lead job recovery amid company exodus

26-11-2021 15:01 Argentina's tech sector is a bright spot that is creating jobs even as many companies are closing in a hostile business environment.

ELECTIONS 2021

Concern over 15-N: Alberto’s dinners with business leaders

11-11-2021 12:52 Shadows loom over the government's management. Already punished in the PASO elections, with the possibility of a repeat or even worse this coming Sunday, Frente de Todos’ concerns are growing.

by Javier Calvo

90-day freeze

AmCham warns government that price controls are 'time bomb'

26-10-2021 14:08 US companies warn in an emailed statement issued via American Chamber of Commerce in Argentina that “price freezes do not solve the problem" of runaway inflation, rather "they transform it into a time bomb that will explode sooner or later.”

57th IDEA COLLOQUIUM

Fernández warns business leaders over ‘incomprehensible’ price rises

15-10-2021 18:24 President Alberto Fernández, Economy Minister Martín Guzmán and Pope Francis among the names addressing 57th IDEA colloquium.

IMF DEBT TALKS

No IMF deal until early 2021, Fernández tells CEOs

13-10-2021 13:02 President Alberto Fernández reportedly tells a group of eight top businessmen that a deal with the IMF won’t happen until 2022 at the earliest.

PHOTO FEATURE

'Beach' coworking spaces the new craze in São Paulo

07-10-2021 08:44 After 18 months of being locked up by coronavirus pandemic restrictions, Brazil's largest city is breathing again, thanks in part to open air coworking spaces. Rooftops and terraces made out to look like a beach have sprung up all over – and they are no longer the domaine of just internet start-ups.

PANDORA PAPERS LEAK

Chile's opposition accuses President Piñera after Pandora Papers report

06-10-2021 13:01 Opposition lawmakers in Chile said Tuesday they will present a parliamentary charge that could lead to the removal of President Sebastian Piñera following allegations related to the Pandora Papers leak.

PANDORA PAPERS LEAK

Pandora Papers: the latest mega leak on tax-dodging

06-10-2021 09:35 The Pandora Papers leak is the latest – and biggest – to shine a light on tax evasion of the rich and powerful from the whistleblowing International Consortium of Investigative Journalists (ICIJ).

PANDORA PAPERS LEAK

Argentina ranks third for offshore bank accounts in 'Pandora Papers' leak

05-10-2021 09:25 New leak of nearly 12 million documents from financial services firms shows how elite use tax havens to stash assets worth hundreds of millions of dollars. Number of Argentines appear, including Gianfranco and Mariano Macri, Jaime Durán Barba, Daniel Muñoz, Ángel Di María, Javier Mascherano, Mauricio Pochettino and Zulemita Menem.

BUSINESS

InvestBA helps push Buenos Aires onto international stage

27-09-2021 09:47 City Hall’s investment and trade promotion agency, better known simply as investBA, was created less than half a decade ago – but the agency is already making a name for itself on the international stage.

by Sophia Moore-Smith

BLOOMBERG

IMF chief risks weakened authority after China-linked probe

17-09-2021 15:03 Kristalina Georgieva risks seeing her authority as head of the International Monetary Fund undermined, after being accused of influencing a report in China’s favour when she worked at the World Bank.

BUSINESS

Pandemic helps deliver e-commerce boom in Argentina

27-08-2021 21:20 New data from the CACE (Cámara Argentina del Comercio Electrónico) shows invoicing doubled in the first half of the year, reaching 630 billion pesos.

by Lorena Rodríguez

ECONOMY

The secrets of ITBA, the cradle of Argentina’s unicorns

27-08-2021 21:17 Luis Paolini directs Business Management at the Instituto Tecnológico de Buenos Aires (ITBA), teaching a select group of around 30 students with a priority on critical mentality.

by Lorena Rodríguez

post-pandemic work

91% of firms will adopt ‘hybrid’ way of working in post-pandemic future

02-08-2021 17:00 Nine out of ten companies in Argentina plan to adopt a “hybrid” work scheme in the post-pandemic future, a new survey has revealed.

Bloomberg

Yields topping 14% lure investors to world’s best utility bond

14-07-2021 10:14 The world’s best performing utility bonds come from an unlikely corner of emerging markets – Argentina.

INTERVIEW / PERIODISMO PURO

UIA leader Daniel Funes de Rioja: ‘I want ideas, not an ideology'

19-06-2021 09:30 Daniel Funes de Rioja, who currently serves as president of the influential Argentine Industrial Union (Unión Industrial Argentina) business group on inflation, economic policies and his ‘Triple C’ strategy.

by Jorge Fontevecchia

Coronavirus pandemic

Bars and restaurant workers demand help and looser restrictions

07-06-2021 17:34 Bar and restaurant owners stage protest in Plaza Serrano against government's Covid-19 measures, demanding more help and flexibilisation restrictions on opening hours.

Culture

From Mumbai to Rio, Netflix dominates cultural conversation

22-04-2021 23:34 With 207 million subscribers across the globe, Netflix is able to monopolise the crowded streaming market, and it is now prioritising emerging Latin American and Asian markets.

Coronavirus Pandemic

27% of small businesses affected by pandemic have closed, says new study

22-04-2021 12:42 Survey carried out by the Association of Argentine Entrepreneurs (ASEA) finds that 27% of small businesses in health, gastronomy and culture sectors have been forced to close since the start of the coronavirus pandemic.

LEGAL MARIJUANA IN MEXICO?

Mexico prepares for legal marijuana gold rush

18-03-2021 11:52 Mexican lawmakers are close to approving legalisation that is expected to catapult the country's regulated cannabis trade into a billion-dollar legal marijuana market.

Bloomberg

World Bank: Women on average have just 76% of men’s legal rights worldwide

24-02-2021 09:00 World Bank warns coronavirus pandemic is reinforcing gender inequality in many countries, with women on average having roughly three-quarters of the legal rights of men.

ALBERTO IN MEXICO

President arrives in Mexico for talks on business, vaccines

22-02-2021 14:05 Alberto Fernández landed in Mexico City today for an official visit geared towards “strengthening commercial ties” between two countries. President set to meet Mexican counterpart Andrés Manuel López Obrador, billionaire businessman Carlos Slim and visit an AstraZeneca vaccine laboratory.

News of business

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

World economy faces more pain in 2023 after a gloomy year

Corporación América Airports emerges from pandemic with sights on Africa

Look north or east? Argentina’s tilt in a bipolar world remains unclear

President calls for investigation into alleged political-judicial collusion

AmCham Health Forum showcases opportunities for public-private collaboration

Brazil's business sector still supports Bolsonaro, but with reservations

Argentina moves to hike key rate by 800bps with local note offer

IMF sees Argentina committed to programme, with downside risks

Price control chief quits in latest sign of infighting

Guzmán tells AmCham that Argentina needs ‘common sense,’ not ‘fairy tales’

Globant plans acquisitions to boost push into Asia and Europe

Disillusioned and 'betrayed,' Brazilians flock abroad

Government extends 2021 Budget and restructures double severance

World economy now set to surpass US$100 trillion in 2022

Just a year of Brexit has thumped UK’s economy and businesses

Latam Airlines reaches bankruptcy deal that hands reins to creditors

Tech firms lead job recovery amid company exodus

Concern over 15-N: Alberto’s dinners with business leaders

AmCham warns government that price controls are 'time bomb'

Fernández warns business leaders over ‘incomprehensible’ price rises

No IMF deal until early 2021, Fernández tells CEOs

'Beach' coworking spaces the new craze in São Paulo

Chile's opposition accuses President Piñera after Pandora Papers report

Pandora Papers: the latest mega leak on tax-dodging

Argentina ranks third for offshore bank accounts in 'Pandora Papers' leak

InvestBA helps push Buenos Aires onto international stage

IMF chief risks weakened authority after China-linked probe

Pandemic helps deliver e-commerce boom in Argentina

The secrets of ITBA, the cradle of Argentina’s unicorns

91% of firms will adopt ‘hybrid’ way of working in post-pandemic future

Yields topping 14% lure investors to world’s best utility bond

UIA leader Daniel Funes de Rioja: ‘I want ideas, not an ideology'

Bars and restaurant workers demand help and looser restrictions

From Mumbai to Rio, Netflix dominates cultural conversation

27% of small businesses affected by pandemic have closed, says new study

Mexico prepares for legal marijuana gold rush

World Bank: Women on average have just 76% of men’s legal rights worldwide

President arrives in Mexico for talks on business, vaccines

Nicaragua stops travellers bringing cameras and video cameras into country

Leaked recording reveals Chilean minister's anger at Argentina's ambassador

'Argentina, 1985' actor dies one day after film receives Oscar nomination

Seven dead as Peru's new leader fails to quell protests

Pope: ‘Bad policies’ to blame for Argentina’s poverty and inflation

Llegan a Buenos Aires tormentas con ráfagas de viento y granizo

Encuestas favorecedoras para Massa, Larreta y Kicillof

ANMAT retiró del mercado un medicamento para prevenir infartos y ACVs

Se detuvo el núcleo de la Tierra: cómo afecta el cambio

Juicio por Báez Sosa: el abogado Tomei pidió la absolución de los ocho "porque el hecho no está probado"