News of economy

El Eternauta protest: Scientists rally against Milei’s 'toxic' funding cuts

Today 09:24 Scientists across Argentina protest Milei’s ‘toxic’ defunding of research dressed as characters from El Eternauta, drawing attention to slashed budgets, mass lay-offs and the loss of young scientists.

BACK TO MARKETS

Argentina sells peso bonds abroad for first time since Macri era

Yesterday 23:49 Milei government says it has raised US$1 billion in first peso-denominated bond issuance in nine years.

MARKETS

Argentina raises US$1 billion in peso-denominated bond issuance

Yesterday 23:41 Milei government says it raised US$1 billion in a peso-denominated bond issuance, signalling confidence from international investors.

BUSINESS & FINANCE

Mercado Pago will apply for Argentina banking licence

Yesterday 23:27 Mercado Pago, the digital wallet and financial services arm of MercadoLibre, will request a banking licence from Argentina’s Central Bank.

NEW RULES

Limit on tax agency referral for shopping raised to 10 million pesos

Yesterday 11:55 ARCA has raised the floor for consumer identification control; Shops in Argentina only now need to identify customers and report customers to the tax authorities if they spend over 10 million pesos.

ANALYSIS: SHOCK THERAPY

Milei intervenes in currency market despite letting peso float

Yesterday 11:36 Argentina’s government has intervened in the currency markets to influence the peso’s value and is likely to miss reserve accumulation targets.

FOREIGN POLICY

Milei burnishes his Trump ties by hosting health chief RFK Jr

Yesterday 11:26 Health & Human Services chief Robert F. Kennedy Jr. becomes second US Cabinet official to visit Argentina in recent weeks.

PUBLIC SECTOR EMPLOYMENT

Milei has cut 48,000 public-sector jobs since taking office

Yesterday 10:18 President’s chainsaw slashes public-sector employment; Staff numbers have fallen 9.6% over the last 17 months, says Argentina’s government.

BACK TO MARKETS

Caputo confirms first peso-denominated debt sale in nearly a decade

27-05-2025 09:52 Argentina unveils first sale of peso-denominated debt in nearly a decade – a high-stakes test of international investor confidence.

MARKETS & BONDS

Argentina claims return to global markets with peso bond sale

26-05-2025 20:51 Argentina’s government will issue a five-year bond denominated in pesos that’s aimed at international investors who are allowed to purchase it in US dollars.

PRICE COMPLAINTS

Milei officials beef with Darín over price of a dozen empanadas

26-05-2025 20:43 Actor Ricardo Darín draws Milei administration’s ire by complaining about the price of a dozen empanadas.

Price of speaking up?

Empanada attack: Milei’s defenders slam actor Ricardo Darín

26-05-2025 16:53 Defenders of President Javier Milei’s government – including Economy Minister Luis Caputo – slam actor Ricardo Darín after he expresses concern over high prices in Argentina.

MILEI’S AUSTERITY MEASURES

Six provinces demand over US$9 billion from national government

26-05-2025 14:58 Provinces of Buenos Aires, La Pampa, La Rioja, Formosa, Santiago del Estero and Santa Fe – mostly all opposition controlled – are demanding US$9.376 billion in outstanding debt from President Javier Milei’s government.

by Gonzalo Martínez

Editorial

One small step or a giant leap?

24-05-2025 06:50 La Libertad Avanza’s triumph in the City has been celebrated as a virtual game-changer. Yet the cost of winning over the PRO electorate might have been starting to resemble that party.

MILEI'S MEASURES

Distrusting Argentines loath to bank their 'mattress dollars'

23-05-2025 18:08 Argentina's government estimates there are about US$200 billion so-called "mattress dollars" out there – five times the reserves of the Central Bank.

BUSINESS & INVESTMENT

Argentina signals to investors IMF cash to come despite reserves

23-05-2025 10:14 Argentina expects to receive a US$2-billion disbursement from the IMF next month, regardless of whether nation hits target for rebuilding foreign reserves.

POLITICS & LABOUR

Anger from unions as Milei expands limits on right to strike

22-05-2025 23:34 Civil society groups and trade unions in Argentina slam President Javier Milei's "unconstitutional" decree limiting the right to strike.

NEW MEASURES

Milei’s revamp lets Argentines send US$43,700 – no questions asked

22-05-2025 19:33 ARCA tax agency will stop collecting large swathes of information from citizens and businesses, ranging from used car and home sales to everyday supermarket purchases, starting Friday.

TIERRA DEL FUEGO

Patagonian province on war footing over Milei’s threat to industry

22-05-2025 16:06 Residents of the far-south province of Tierra del Fuego are fighting to save their jobs after President Milei delivered a blow to its local manufacturing activity.

POLITICS & LABOUR

Milei redefines essential services by decree, limits right to strike

22-05-2025 15:35 Argentina’s government tightens limits on right to strike and expands list of “essential services or activities” that must provide “minimum service” during industrial action.

BUSINESS & FINANCE

Telecom Argentina sells debt amid Telefónica takeover scrutiny

22-05-2025 13:51 Telecom Argentina SA is tapping international debt markets to smoothe its acquisition of Telefónica SA’s local unit.

AMCHAM SUMMIT 2025

Investments, remonetisation, reforms – doubts of US business leaders

22-05-2025 09:31 Milei’s RIGI incentives do not convince, the 'quasi-whitewash' needs "rationality" and reform bills into 2026. Electoral atmosphere at this year’s AmCham Summit and business optimism.

by Eugenia Muzio

BUSINESS & FINANCE

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.

ECONOMIC INDICATORS

Argentina’s economy grew less than expected in March

21-05-2025 23:09 Argentina’s economy grew less than expected in March, reveals INDEC data.

ECONOMY & POLITICS

Milei, Caputo eye dollars under the mattress

21-05-2025 22:59 Convinced that inflation and the dollar will not cause problems, Milei and Caputo want to advance with a new currency whitewash with peculiar characteristics. Banks and supermarkets will no longer need to inform taxman of movements of clients.

SUBSIDIES SLASHED

Rich face higher energy bills after Milei subsidy cut

21-05-2025 15:12 President Javier Milei will cut energy subsidies for all gated communities in the Greater Buenos Aires region.

HUMAN RIGHTS

Milei downgrades Human Rights Secretariat, slashes staff

21-05-2025 14:37 Human Rights Secretariat downgraded to Sub-Secretariat; Office dedicated to defence and protection of human rights to lose almost a third of staff.

AGRICULTURE & ECONOMY

Milei stumbles in bid to unchain farmers as soy tax break ends

21-05-2025 13:35 Economy Minister Luis Caputo announces that tax cut for exports of soy and corn will end as planned.

ANALYSIS: SHOCK THERAPY

Milei’s cuts have Argentines driving new cars with paper licence plates

21-05-2025 13:03 The Milei administration is downsizing the National Mint, known as Casa de Moneda, cutting nearly 40 percent of its staff. In addition to outsourcing the printing of money, private companies have been tapped to take over licence-plate production for cars.

AMCHAM SUMMIT 2025

‘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.

ELECTIONS 2025: BUENOS AIRES CITY

30% in the City – just how well did La Libertad Avanza do?

20-05-2025 16:34 All the polls point to an Argentina split down the middle. Within those two universes increasingly extreme stances coexist on both sides.

'CRYPTOGATE' SCANDAL

President shuts down unit investigating crypto scandal

20-05-2025 14:46 Closing investigative unit probing 'Cryptogate' scandal ends the government’s internal investigation into the matter.

'CRYPTOGATE' SCANDAL

Milei shutters office investigating ‘cryptogate’ $LIBRA scandal

20-05-2025 10:54 Government says special unit – set up by President Javier Milei and also disbanded by him – probing allegations related to controversial cryptocurrency scandal shuttered after completing its “assigned task.”

GLOBAL HEALTH

WHO guiding body gets to grips with budget beset by US pullback

19-05-2025 13:38 World Health Organization begins talks to grapple with US$1.7-billion funding gap following US decision to not pay its membership dues.

BUSINESS & INVESTMENT

Globant suffers record intraday drop as tariffs dent earnings

17-05-2025 09:42 Globant shares plunged as much as 33% on Friday, the worst drop since the company went public in 2014, before paring some of those losses.

POLITICS – ANALYSIS

More to lose than to win

16-05-2025 10:15 In the City, the battle for first place is less interesting than the struggle between the Mileis and the Macris.

by Agustino Fontevecchia

POLITICS & ECONOMY

Milei delays ‘mattress dollars’ plan due to election

16-05-2025 10:06 Presidential Spokesperson Manuel Adorni says “economic announcement the National Government had prepared for today has been postponed.”

CRISIS BITES

Two minimum wages now cover eight days of family expenses

15-05-2025 00:39 With the national wage council talks deadlocked, the Milei government has again unilaterally established the basic pay increase for registered workers, passing from 296,832 pesos in March to 302,600 pesos in April – a raise of 5,768 pesos.

by Agustina Bordigoni

BLOOMBERG - ANALYSIS

Inflation slowed in April amid currency policy change

14-05-2025 16:52 Annual inflation slowed for a 12th month to 47.3%, reports INDEC; Price increases were led by food and non-alcoholic beverages.

ECONOMIC INDICATORS

Post-cepo boost for Milei as monthly inflation slows to 2.8%

14-05-2025 16:45 INDEC’s first update of inflation index since removal of currency controls shows that consumer prices rose 2.8% in April, slightly slower than analysts' expectations.

ANALYSIS: SHOCK THERAPY

How Milei keeps peso strong ahead of midterm vote

14-05-2025 12:00 President Milei's government doubles down on a strong peso strategy, making it the cornerstone of his midterm election campaign.

TECH PRICE ATTACK

Milei is scrapping tariffs that put US$2,000 price tags on iPhones

13-05-2025 14:10 The tariffs led to some iPhones costing more than US$2,000 in Argentina, a price so high many locals would pay less to fly to Miami and buy a mobile phone there.

ECONOMY & POLITICS

Argentina to scrap mobile phone import tariffs, cut tech taxes

13-05-2025 13:20 Presidential Spokesperson Manuel Adorni says cheaper electronics will reduce crime, smuggling and lower prices for consumers.

TRADE & COMMERCE

Lula and Xi to ink new deals as Brazil shrugs off Trump’s trade threats

13-05-2025 08:51 Brazil’s Luiz Inácio Lula da Silva and China’s Xi Jinping are set to ink new trade-related agreements in Beijing on Tuesday.

BONDS & MARKETS

Argentina debt upgraded by Fitch in fresh boost for Milei

12-05-2025 17:23 Argentina’s credit score was raised by Fitch Ratings in a boost for President Javier Milei's government.

TRUMP'S TARIFF WAR

Trump’s priority list for tariff talks includes Argentina

11-05-2025 09:10 The Trump administration’s first trade talks involve an eclectic mix of major exporters and smaller economies.

CENTRAL BANK MANOUEVRES

Argentina halts private bond sale amid pressure on peso rate

11-05-2025 09:02 Argentina’s Central Bank intervened to stop a dollar bond sale by Banco Supervielle halfway through the trading day on Friday.

EDITORIAL

Clean slates – for greenbacks only

10-05-2025 07:25 At least two of this week’s main news items may be considered further setbacks in the fight against corruption. Every suspicion of a meticulously manipulated Senate result instead of free votes of conscience, while those complying with the conditions of last year’s tax whitewash might ask themselves why they went to all that trouble – a black week for removing the stain of corruption with no guarantee against more to come.

BUSINESS & INVESTMENT

Argentine utility Albanesi approaches creditors after missed bond payment

09-05-2025 16:41 Generación Mediterranea SA and Central Térmica Roca SA are approaching bondholders to resolve a dispute over US$19 million in due interest.