News of economy

AySA's bond rally faces key privatisation test

27-03-2025 17:45 Debt holders of state-owned water and sewage company AySA are reaping a windfall after President Javier Milei scrapped some price controls for public utility services.

Argentina says its new IMF programme will total US$20 billion

27-03-2025 15:00 The economy minister added that funds combined from the IMF, World Bank, Inter-American Development Bank and regional bank CAF would put Argentina’s Central Bank reserves near US$50 billion.

Lula urges Mercosur-Japan deal to counter Trump protectionism

26-03-2025 08:38 Brazil President Luiz Inácio Lula da Silva calls for new trade deal between Mercosur bloc and Japan during visit to Tokyo.

Goldman says end of Argentina FX controls key to reviving IPOs

25-03-2025 12:20 President Milei needs to start getting rid of capital and currency controls to lure equity investors, according to Goldman Sachs.

Autumn is coming for Javier Milei

22-03-2025 07:41 Last week, we discussed how an electoral agreement with the governor of Chaco signalled a possible pattern. This week, Chaco Governor Leandro Zdero received a 120-billion-peso transfer from the federal government. Just don’t tell the IMF.

by Marcelo J. García

Political hegemony turning to pathetic circus

22-03-2025 07:14 Market jitters have pushed the government into a defensive posture, in which Economy Minister Luis ‘Toto’ Caputo appears to have involuntarily flamed the fans of devaluation.

by Agustino Fontevecchia

CGT labour federation calls general strike on April 10

20-03-2025 20:10 The CGT umbrella union grouping on Thursday confirmed that it will call a general strike – the third of President Javier Milei’s time in office – on April 10.

IMF deal will be agreed by mid-April, says Milei

20-03-2025 18:27 Lower house backs presidential decree authorising new deal with International Monetary Fund.

Milei wins lower house approval to agree new IMF loan

19-03-2025 17:52 Milei granted free hand in negotiations with International Monetary Fund over a new programme as lower house backs decree authorising talks.

Congress upholds Milei’s decree to back new IMF-Argentina deal

19-03-2025 17:44 Lower house lawmakers vote in favour of President Javier Milei’s emergency executive decree backing a new deal with the International Monetary Fund.

Argentina disinflation stalled despite strength of the peso

15-03-2025 10:52 Economists surveyed by Argentina’s Central Bank expect year-on-year inflation to plunge to 23% this year.

Is Donald Trump good for Argentina?

15-03-2025 07:40 Trump’s new transactional and short-term economic order overlaps with a new gangster-style and hyper-materialistic political order.

by Jorge Fontevecchia

Petronas is evaluating exit from Argentina shale oil venture

13-03-2025 23:39 Petronas has begun a process that may result in a sale of its 50 percent stake in La Amarga Chica, a venture with state-run YPF in the oil production heartland of Vaca Muerta.

More than 120 detained, 20 injured as pensions protest turns violent

13-03-2025 01:54 Protesting pensioners joined by football supporters for anti-austerity demonstration; Security forces clash with hooligans; 124 detained and at least 20 injured in one of the most violent demonstrations against Milei’s austerity measures.

by Zella Milfred

Brazil prices jump the most since 2022 in fresh blow to Lula

12-03-2025 11:53 Official data released Wednesday by Brazil's government showed consumer prices shot up 1.31% in February, the monthly biggest rise since March 2022.

UCA observatory says poverty rate reached 41.6% last year

11-03-2025 13:39 New report from respected poverty watchdog, which measures figure on a "multidimensional" basis rather than purely cash, warns of challenges facing Argentina.

by Agustina Bordigoni

‘Devaluation not the solution,’ says Caputo on IMF deal

06-03-2025 22:27 End of April target set; Deal could include US$20 billion in funds, says Wall Street bank.

Milei government eliminates Argentina's national cancer institute

06-03-2025 21:15 In a statement, Argentina's Health Ministry announced the closure of the Instituto Nacional del Cáncer because of a "duplicity of tasks" and to have "greater control of actions."

Adorni says Argentina aiming for new IMF loan deal by end April

05-03-2025 23:43 New deal with IMF "should be completed in the first four months of the year," Presidential Spokesperson Manuel Adorni tells reporters.

Doctors resign from Health Ministry scheme over ‘dismantling’ of programmes

05-03-2025 16:59 Healthcare professionals working on Health Ministry programmes to tackle HIV, leprosy and tuberculosis resign en masse, stating: "We will not be part of a Ministry where essential programmes are unable to meet the basic obligations set by law."