News of economy

Milei voices dissent as Argentina rejects parts of G20 draft final declaration

18-11-2024 18:35 President Javier Milei issues a statement voicing harsh criticism of G20 and dissent with parts of G20 summit’s final communiqué.

‘Gesture of goodwill’ – Milei gives way to Lula on anti-hunger alliance

18-11-2024 17:36 Argentina’s government finally signs up to Lula’s global anti-hunger initiative, launched at the G20 summit in Rio. Is Milei’s gesture of goodwill to his Brazilian counterpart a first step towards rebuilding relations?

Milei’s meeting with Xi signals he’s come full circle on China

17-11-2024 08:44 President Javier Milei is preparing for his first sit-down with Xi Jinping, despite once scoffing that he’d never cut deals with communists.

Milei, in the best of all possible worlds

16-11-2024 05:00 Everywhere he looks, Javier Milei sees good news, which he takes as confirmation that he has chosen the right path.

by Marcelo J. García

Buy now, pay later: Latin America pressured by Chinese online shops

14-11-2024 07:37 Chinese ultra-fast fashion platforms like Shein and Temu have made it Latin America. As Chinese commercial influence grows in the region, governments are implementing tax measures to protect domestic markets.

'First Buddy': Musk takes unusual star role with Trump

13-11-2024 23:09 Elon Musk became a key ally to Donald Trump during his presidential campaign, reportedly spending over US$100 million to help the Republican win.

Argentina in ‘transition’ to growth, says top World Bank official

12-11-2024 22:21 Top World Bank official William Mahoney praises advances by President Javier Milei's government and says Argentina is "in transition" towards the recovery of growth.

Milei hints at FX policy move after inflation slows below 3%

12-11-2024 17:23 Inflation slowed more than expected last month to its lowest level in three years, buoying an already ebullient President Javier Milei.

France: EU-Mercosur deal will not be signed at G20 in Brazil

11-11-2024 14:06 France says the EU-Mercosur free-trade deal “will not be signed” at next week’s G20 Leaders Summit in Rio de Janeiro. 

Ualá reaches US$2.75-billion valuation in new funding

11-11-2024 13:39 Fintech firm Ualá has raised US$300 million from investors at a valuation of US$2.75 billion, underlining its position as one of the most valuable start-ups in Latin America.

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.

Telecentro seeks US$400 million in financing for ‘strategic transformation’

07-11-2024 15:16 Telecentro seeks US$400 million in financing to upgrade its HFC network to fibre optic and expand territorial presence.

Foreign Ministry set to meet chainsaw after Mondino's failure to cut costs

05-11-2024 10:32 The now former foreign minister not only displeased President Milei, she also failed to cut costs. Mondino’s lack of budget-slashing means La Libertad Avanza’s chainsaw will now descend on the Palacio San Martín.

by Juan Pablo Kavanagh

Milei’s magical thinking about a Trump victory

02-11-2024 07:38 Argentina — or Latin America, for that matter — will not be an immediate priority for any incoming US administration, though Milei may leverage his ideological rapport with a potential President Trump.

by Marcelo J. García

Unions stage massive transport strike to pressure Milei

30-10-2024 22:00 More than a million passengers affected by massive union-led strike; Over 1,800 trains, 260 flights cancelled as most transport adheres, with only buses left running.

Delayed, stalled... but is EU-Mercosur free-trade deal imminent?

30-10-2024 19:58 Rumours are growing that the long-stalled, much-awaited free-trade deal between the European Union and Mercosur could be announced before the end of the year, perhaps even at next month's G20 summit in Brazil.

Argentine debt rises out of distress territory on Milei reforms

28-10-2024 11:36 Prices for some of Argentina’s sovereign notes have soared to their highest levels since they were issued in a 2020 restructuring.

The Caputos spread their tentacles over the Mileis

26-10-2024 05:37 Not so long ago, two Caputos in Milei's inner circle seemed one too many. But now, Santiago and Luis Caputo are working closely in tandem.

by Marcelo J. García

Argentina’s quest for more IMF money stalls on currency controls

25-10-2024 16:36 Argentina wants a fresh injection of money to lift controls without worrying about a currency sell-off. But the IMF doesn’t want its resources used to artificially prop up a currency, like Argentina has done so many times before.

Argentina’s bonds rally as country seeks US$2.7 billion repo line

25-10-2024 11:29 Argentina’s bond prices increased amid reports that the government is negotiating a $2.7 billion, three-year credit line with banks to cover debt obligations due in January.