News of business

Exports to China down 15% year-on-year in first half of 2025

12-08-2025 17:06 Trade deficit with Asian giant is largest among Argentina's leading trading partners; it rose to US$5.227 billion during the first six months of this year.

by Agustina Bordigoni

Milei’s cuts are making credit harder to collect in Argentina

04-06-2025 10:30 Just over a year and a half since Javier Milei took office, businesses and households are under strain from stagnant wages and lingering inflation.

MercadoLibre CEO steps aside after 25 years for chairman job

22-05-2025 08:53 Billionaire founder Marcos Galperin will step down as CEO of e-commerce and financial services giant Mercado Libre in January 2026.

‘Invest because Argentina is very cheap,’ Milei tells business leaders

20-05-2025 19:55 President Javier Milei tells business leaders today that “those who bet on Argentina will come out winning,” as he headlines the AmCham Summit 2025 in Buenos Aires.

JPMorgan to rent 20 floors in historic Buenos Aires office deal

09-05-2025 15:50 JPMorgan Chase & Co signs lease to rent 20 floors on a two-building campus in Núñez set to open in 2026.

Corporate defaults start piling up as Milei policies kick in

07-05-2025 12:28 As Javier Milei removes the distortions that once characterised Argentina’s economy, companies that bulked up on debt by exploiting exchange rate gaps are hurting.

Milei’s strong peso revives domestic football with million-dollar contracts

25-02-2025 15:35 President’s peso policy has domestic clubs spending big; More than two dozen players now make US$1 million or more a year.

MercadoLibre shares rally after record quarter of profit

20-02-2025 23:55 MercadoLibre stock jumped as much as 14% in after-hours trading after Latin American e-commerce and fintech giant’s profit far surpassed estimates.

Milei touts US$50 billion from investors eyeing 30-year loopholes

02-12-2024 13:04 Argentina has abundant natural resources and legions of well-educated workers. But it struggles to attract investors because its politicians have a habit of changing the rules on a whim.

Argentina’s recession ‘is over,’ Milei tells business leaders

08-11-2024 14:49 “The recession is over. We are emerging from the desert," President Milei tells business leaders at event in Buenos Aires.

Havanna, maker of Argentina’s famed alfajor treats, explores unit sale

13-09-2024 08:00 Havanna, maker of Argentina’s most famous brand of the dulce de leche-infused confections known as alfajores, is exploring a sale of its operations in Latin America, including Argentina.  

Top firms in Argentina backing F1 rookie Franco Colapinto

10-09-2024 11:41 Franco Colapinto, the rookie making his way in Formula 1 with Williams Racing, is supported by some of Argentina’s largest companies, including Globant, YPF, Quilmes, Flybondi, Bigbox and Celulosa Argentina.

Energy mogul makes 100-year bet on Argentina’s mineral wealth

20-05-2024 13:45 Through his holding company Integra Capital, José Luis Manzano is going all in on mining and mineral wealth.

Milei plans to meet with Mark Zuckerberg at end of May

18-05-2024 17:09 President Javier Milei is planning to meet with Meta Platforms CEO Mark Zuckerberg and other leaders of tech giants in Silicon Valley at the end of May.

President Milei meets Elon Musk at Tesla factory in Austin

12-04-2024 14:52 Argentina’s President flies from Miami to Texas for a meeting with SpaceX boss Elon Musk at his Telsa factory in Austin; X owner gives Javier Milei tour of building as photos of encounter go viral online.

Caputo: Argentina 'just starting talks' with IMF over new programme

12-03-2024 20:26 "They always said that they were open to a new programme," economy minister tells business leaders at AmCham 2024 summit.

Politicians in the dog house

02-03-2024 05:01 Business, especially big business, has long had a bad press in Argentina. This is partly due to the willingness of politicians to blame it for their own failures, as happens whenever inflation gets out of hand.

by James Neilson

Brazil economy grew 2.9% in 2023, says official data

01-03-2024 16:08 Brazil's economy expanded 2.9% in 2023 after a fourth quarter of zero growth, according to data released Friday by the IBGE national statistics agency.

Natural pesticides gain ground in 'agri-tox' capital Brazil

19-02-2024 14:14 Agricultural powerhouse Brazil may be the world leader in chemical pesticide use, but there is a growing trend of farmers turning to natural products known as "biopesticides."

Javier Milei and Elon Musk speak by phone, agree to meet in 2024

06-12-2023 22:01 Argentina’s president-elect speaks with Elon Musk, the owner of X and Tesla, after exchanging messages on social media; US businessman interested in business opportunities related to lithium industry and Starlink.