News of economy

Banks face liquidity crunch as peso yields soar

Today 17:42 Interest rates on peso notes are soaring across the board, piling pressure on banks amid a liquidity crunch caused by government efforts to defend the local currency.

IMF DEBT PROGRAMME

IMF to discuss Argentina amid US$20-billion programme’s first review

Today 17:16 International Monetary Fund to discuss first review of Argentina’s US$20-billion programme during an informal meeting between staff and executive board on Tuesday, according to a person familiar with the matter.

Retailers facing problems

Number of empty shops soars in capital amid consumption woes

Today 06:56 Vacant shops up 40% in the City of Buenos Aires; In May and June, there were 238 shops for sale, for rent or closed down in the surveyed areas, according to local chamber of commerce.

ECONOMIC INDICATORS

Economy contracted in May for third time in 2025

Yesterday 16:52 Argentina’s economy contracted in May for the third time this year, according to government data.

LIVING IN ARGENTINA

Boom or broke: Milei’s shake up splits nation along financial lines

Yesterday 06:20 One half travels overseas and shops, but the other half of the country can't pay the bills – welcome to Javier Milei’s Argentina.

STATE SELL OFF

Government confirms start of AySA waterworks privatisation process

Yesterday 05:29 President Javier Milei's government formally announces the start of the privatisation process for struggling state-owned waterworks AySA.

ECONOMIC INDICATORS

Moody's upgrades Argentina's long-term debt rating

20-07-2025 18:59 Moody's raises Argentina's long-term debt rating by two notches.

YPF NATIONALISATION CASE

Argentina says it won’t negotiate with Burford over YPF shares

20-07-2025 18:17 Argentina won’t negotiate with Burford Capital, the firm leading efforts to collect a US$16-billion judgment against the South American nation, a spokesman for President Javier Milei told reporters Friday.

ECONOMY – ANALYSIS

The risks of the Milei government’s economic plan

17-07-2025 10:03 Macroeconomic order and disinflation alone do not guarantee long-term sustainability.

by Luis Secco

YPF NATIONALISATION CASE

Trump backs Argentina in legal bid to suspend YPF share handover

16-07-2025 12:42 US government to file amicus brief supporting halt against Preska ruling during appeal process; Trump administration shows support for Milei government.

ANALYSIS: SHOCK THERAPY

Milei tightens grip on currency market left awash in pesos

16-07-2025 10:10 President’s economic team sends a signal to the market that it still has an iron grip on Argentina’s money supply, a key ingredient to thwarting inflation, stabilising the peso – and his high approval ratings.

YPF NATIONALISATION CASE

YPF: Appeals court halts handover of company shares for week

15-07-2025 13:29 Legal tangle surrounding the YPF case takes another turn. US appeals court suspends handover of the company’s shares for one week.

LAY-OFFS: WHERE AUSTERITY HITS

Correo Argentino, ARCA, Trenes Argentinos top redundancy rankings

15-07-2025 11:06 President Javier Milei put deregulation tsar Federico Sturzenegger in charge of cuts across state agencies. The official left almost no area untouched – among state-owned companies, Correo Argentino saw the highest number of lay-offs, with 4,945 jobs cut.

ECONOMIC INDICATORS

Milei celebrates as June inflation data hints at stabilistation

14-07-2025 20:02 Inflation last month only slightly up at 1.6%, barely up on last month; Consumer prices rose 15.1% in the first half of the year, up almost 40% over the last 12 months, INDEC reveals.

ECONOMIC INDICATORS

Monthly inflation in Argentina inches up but remains low

14-07-2025 19:49 June inflation came in at 1.6%, slightly up from May's 1.5%, which had been the lowest rate in five years, the INDEC national statistics bureau said.

ECONOMY – ANALYSIS

Inflation ticked up slightly last month, less than expected

14-07-2025 18:54 Inflation ticked up slightly but less than expected in June, another win for President Javier Milei ahead of midterm elections.

CAMPAIGN COMMENTS

Independence for whom?

12-07-2025 06:13 The Independence Day alliance on the right leaves the Peronists playing catch up after their stab at unification at the Partido Justicialista Congress.

by Michael Soltys

Editorial

Fiscal surplus versus political deficit

12-07-2025 06:02 The “forces of heaven” might be on the ascendancy in recent times but what politics needs is more agnostics with a pragmatic rather than dogmatic approach.

ypf nationalisation case

Argentina appeals US court order to hand over YPF shares

10-07-2025 19:25 Argentina has appealed a US judge's ruling ordering it to hand over 51% of the shares of the oil company YPF to settle a US$16.1 billion debt.

WORLD ECONOMY

Trump’s Brazil tariffs risk upending trade from coffee to beef

10-07-2025 17:16 US President Donald Trump’s unexpected move to threaten a 50 percent tariff on Brazil risks roiling global commodity markets, disrupting trade on everything from beef to coffee.

YPF NATIONALISATION CASE

Argentina moves to appeal US judge’s order to cede YPF stake

10-07-2025 12:41 Government gives notice it will appeal ruling requiring it to hand over controlling stake in state energy company YPF to help satisfy a US$16-billion judgement.

ANALYSIS: SHOCK THERAPY

Rush of farm dollars fails to lift peso ahead of vote

10-07-2025 09:37 Three months after President Javier Milei lifted Argentina’s currency controls, early investor optimism has given way to growing caution

TRUMP'S TARIFF WAR

Trump unveils 50% Brazil levy in response to Bolsonaro trial

09-07-2025 21:22 US President Donald Trump announces 50% tariff targeting Brazil as he blasted the trial of the country's ex-leader Jair Bolsonaro.

INEQUALITY ANALYSIS

Trips to Miami or living month-to-month – Argentina’s ‘rift’ hits consumers

09-07-2025 16:34 The disparity in purchasing power in Argentina has accentuated in the past year, according to a private study. One sector travels to Miami and the other can’t make it to the end of the month. What happened?

POLLING & SURVEYS

Milei's approval rating holds as Argentines worry more about jobs

08-07-2025 15:39 Milei’s approval rating and positive image remains well above domestic peers even as Argentines became increasingly worried about the job market.

ECONOMIC INDICATORS

Prices in Buenos Aires City rose 2.1 percent in June

08-07-2025 13:13 Monthly inflation picks up slightly; Housing, transport and financial services drive cost-of-living up, rising half a point from May.

FOREIGN POLICY

Modi and Milei vow to boost trade after Casa Rosada talks

06-07-2025 09:15 Indian PM Narendra Modi, leader of the world's fifth-largest economy, vows to expand and diversify trade Argentina before heading to Brazil to attend the BRICS Summit in Rio de Janeiro.

FOREIGN POLICY

President Milei hosts India PM Narendra Modi at Casa Rosada

05-07-2025 13:31 Second meeting between two national leaders after G20 talks last year; India, the world’s fifth-largest economy, is a key export destination for Argentina.

As I see it

Milei hurt by yet another time bomb

05-07-2025 07:34 A New York judge has ordered the government to hand just over half the shares in YPF to a vulture fund that had purchased the rights of companies harmed by the cack-handed takeover of the oil firm in 2015.

by James Neilson

Background to YPF takeover

YPF: How a firm was purchased with its own money, ending in a multi-billion-dollar lawsuit

04-07-2025 08:56 The Eskenazis family entered into YPF thanks to Néstor Kirchner without placing a dollar. The Grupo Petersen purchased shares with the promise to pay with the dividends. More than a decade on, the case in the US courts.

YPF NATIONALISATION CASE

Argentina appeals US$16-billion YPF court ruling

04-07-2025 08:42 Argentina appeals US judge's order to hand over 51% of shares in YPF in expropriation case; Milei points finger at Kicillof, Fernández de Kirchner as fears over ruling impact grow.

ECONOMIC WOES

'The stressed' – Argentina's ‘Non-poor’ who can’t reach the end of the month

04-07-2025 06:58 The INDEC national statistics bureau does not consider them poor, but millions of Argentina can’t make it to the end of the month; New study by UCA’s poverty watchdog shines light on those living under “economic stress”

by Agustina Bordigoni

YPF NATIONALISATION CASE

Investors see way for Milei to end fight over YPF

03-07-2025 16:43 Could there be a silver lining for Javier Milei in the multibillion-dollar US judgment targeting Argentina’s main oil producer?

MERCOSUR SUMMIT

Milei urges Mercosur to pursue greater trade openness at summit

03-07-2025 11:58 President Javier Milei urges Mercosur partners to push for greater trade openness within the bloc as he opened a summit in Buenos Aires.

MERCOSUR TRADE TALKS

Mercosur, European EFTA bloc conclude talks on free-trade deal

02-07-2025 19:10 Mercosur and European Free Trade Association (EFTA) close negotiations over a free-trade agreement.

MERCOSUR TRADE DEAL

Swiss-Norway group and South America’s Mercosur agree on free-trade deal

02-07-2025 18:17 European Free Trade Association of Switzerland, Norway, Liechtenstein and Iceland finalise free-trade agreement with Mercosur bloc.

CURRENCY MARKETS

Peso weakens as seasonal bonus stokes dollar demand

02-07-2025 17:38 Peso weakens to 1,243 pesos per dollar during trading as seasonal demand for dollars picks up.

MERCOSUR SUMMIT IN BUENOS AIRES

Fate of EU free-trade deal looms as Milei hosts Mercosur summit

02-07-2025 12:54 Leaders of South America's Mercosur bloc will hold two days of talks in Buenos Aires, focused on a massive trade deal with the European Union being blocked by France.

ANALYSIS: SHOCK THERAPY

Milei’s foreign-exchange shake-up has brokers moving into banking

02-07-2025 11:42 Brokerages are restructuring after President Javier Milei took away lucrative arbitrage opportunities that juiced their business when he rolled back capital controls.

US$16-billion court ruling

Milei vows appeal amid fallout as US judge orders transfer of YPF shares

01-07-2025 11:12 President vows to appeal as US judge orders Argentina to hand over 51% of shares in YPF in expropriation case; Milei points finger at Kicillof, Fernández de Kirchner as fears over ruling impact grow.

ECONOMIC INDICATORS

Economy grew more than expected after Milei lifted controls

30-06-2025 17:51 Argentina’s economy grew more than expected in April, with economic activity up 1.9% on previous month.

FRIENDS IN HIGH PLACES

Milei’s actor friend runs state agency with multi-million-dollar budget

30-06-2025 17:16 AAICI trade body, led by ally and friend of President Javier Milei, received more funds than Garrahan Children’s Hospital over the past nine months.

GOVERNMENT & POLITICS

Court strikes down Milei decree restricting right to strike

30-06-2025 15:15 Ruling says measure lacked urgency and bypassed Congress without any justification.

‘Mattress dollars’

INDEC reveals how many dollars Argentines have stashed away

30-06-2025 13:02 INDEC estimates the amount of cash stashed outside the traditional financial system fell by more than US$3 billion in the first quarter of the year from the preceding period.

MERCOSUR SUMMIT IN BUENOS AIRES

Milei to host Mercosur presidents amid tensions with Lula

29-06-2025 11:54 President will lead this week’s two-day two summit in Buenos Aires; Argentina’s leader to again push for a liberal shift in the South American trade bloc’s future.

ENERGY & GAS

Total gets offers for potential sale of Argentina shale oil assets

28-06-2025 18:12 France’s TotalEnergies SE is in talks with at least two suitors who have submitted bids for its shale oil assets in Argentina.

Analysing Argentina

Milei’s Argentina: A tale of two pockets

28-06-2025 07:33 There is a “dollarised” Argentina doing well and a “pesofied” Argentina that is struggling.

by Marcelo J. García

Elections 2025

Milei launches La Libertad Avanza's campaign in Buenos Aires Province

27-06-2025 15:37 At LLA congress in opposition stronghold of Buenos Aires Province, Milei brands Governor Axel Kicillof “a junior Stalin” and frames regional vote as choice between “civilisation or barbarism.”