News of economy

Hunted by a red October

Today 06:26 The last few days have shown Trump’s support to be insufficient to overcome the loss of confidence in the libertarian administration, a problem which the midmonth snapshot with the Republican in Washington planned by Milei is hardly likely to change.

BONDS & MARKETS

Locals fuel Argentine bond swings as Bessent stokes chaos

Yesterday 17:38 Volatility soared in the past few weeks as Argentina slipped back toward a currency crisis.

Geopolitics & finance

Bessent’s Argentina rescue pledge put to test by traders attacking peso

Yesterday 16:58 US Treasury Secretary Scott Bessent’s record as a powerful pacifier of unruly markets is now being put to the test in Argentina.

AGRICULTURE & ECONOMY

Milei’s 48-hour tariff pause spurs record surge in crop exports

Yesterday 11:50 Milei’s gambit to boost the supply of dollars on the foreign-exchange market quickly attracted about US$7 billion in scheduled shipments as exporters seized the moment.

US SUPPORT FOR MILEI

Bessent says United States ‘not putting money’ in Argentina, touts swap

02-10-2025 16:48 US Treasury Secretary Scott Bessent reiterated support for Argentina on Thursday, but later warned any aid wouldn’t involve outright US investment.

FOREIGN POLICY

US Treasury chief issues second message of support for Milei's Argentina

02-10-2025 12:03 US Treasury Secretary Scott Bessent says Washington is "fully prepared to do what is necessary" in support of Milei as he confirms Argentina is key to “maintaining a US strategic interest in the Western Hemisphere.”

CURRENCY TURBULENCE

Milei government sells dollars as peso drops for third day

01-10-2025 18:18 President Javier Milei's government sells more than US$450 million on spot market Wednesday to stem a slump in the peso.

ANALYSIS: SHOCK THERAPY

Currency arbitrage costs Milei US$2 billion a month in Argentina

01-10-2025 12:59 A temporary surge in farm-export dollars has prompted Argentines to purchase cheap greenbacks.

CURRENCY TURBULENCE

Milei’s government sells dollars as peso starts to sink again

30-09-2025 21:06 Currency fell more than 6% Tuesday, biggest intraday drop since September 8,

MARKETS

Milei’s financing assurances briefly lift bonds, peso

30-09-2025 14:03 President says Argentina has secured financing through the end of next year and is working on longer term plans, giving a brief boost to the nation’s assets.

ECONOMIC INDICATORS

Informal employment rises to 42%, affecting 4 in 10 workers

30-09-2025 11:11 According to a report, four in ten workers in Argentina are employed in jobs that are not subject to “the relevant labour, tax or social security legislation.”

MORTGAGES & MARKETS

Peso crisis drives mortgage rates to 15%, upending Milei agenda

29-09-2025 09:26 Recent market tumult was a stark reminder that despite signs of a turnaround since Milei took office less than two years ago, his success is far from assured.

RIGI INVESTMENT BOOST

McEwen Copper’s Los Azules endorsed for Argentine initiative

27-09-2025 09:08 McEwen Copper Inc wins RIGI investment incentive scheme approval for its Los Azules copper project in San Juan Province.

As I see it

Milei gets a second chance

27-09-2025 06:50 Like dei ex machina, two of the world’s most powerful men decided to step in and save Argentina from the unhappy fate it was plunging towards.

by James Neilson

ANALYSING ARGENTINA

How many more rabbits can Milei pull out?

27-09-2025 06:38 Markets don’t vote, at least not on election day. The fate of the Milei programme will be determined by what the government does from now on.

by Marcelo J. García

POLITICS – ANALYSIS

Milei: From rockstar to beggar

27-09-2025 06:05 Milei has gone from international political rockstar to beggar in less than two years, following a similar trajectory to Mauricio Macri – only that the latter got bailed out after winning the midterm elections.

by Agustino Fontevecchia

ANALYSIS

Milei’s bet on Trump pays off at critical moment for Argentina

26-09-2025 22:58 The years Javier Milei spent courting Donald Trump are paying off at a critical moment.

CURRENCY CONTROLS

‘Cepo’ individual: Milei tightens restrictions on dollar dealings

26-09-2025 14:54 Milei government partially reinstates currency controls for individuals; Central Bank imposes restriction that prevents savers from purchasing both official and MEP/CCL dollars for a period of 90 days.

WASHINGTON'S RESCUE PACKAGE

Bessent puts US money at risk in US$20-billion Argentina backstop

26-09-2025 11:02 US$20-billion lifeline for Argentina could carry risks for US taxpayers.

AGRICULTURE & LIVESTOCK

Argentina re-establishes grain export duties as farmers cry foul

26-09-2025 08:59 Government ends suspension of export duties after US$7-billion target is met; Meat and poultry to remain exempt; Reports say just 12 producers, mostly large agro-exporting, benefitted.

ECONOMY

Milei’s Treasury set to snap up large dollar sales

25-09-2025 19:22 Argentina’s Treasury is moving to scoop up large amounts of foreign currency in block trades just as US$7 billion from grain exports enters the market.

ECONOMIC INDICATORS

Poverty falls to lowest level since 2018

25-09-2025 18:54 In the first half of the year, 31.6% of Argentines lived in poverty, down from nearly 53% in the early months of Milei’s Presidency a year ago.

ECONOMIC INDICATORS

Poverty fell to 31.6% in the first half of 2025, reports INDEC

25-09-2025 16:43 President Milei’s much-improved week continues as national statistics bureau reveals poverty dropped by more than six points between second half of 2024 and first half of this year; More than 14 million people, however, remain poor, with extreme poverty affecting 6.9% of Argentines.

POVERTY IN ARGENTINA

Study: Residents of villas die 11 years earlier than general population

25-09-2025 15:54 Analysis by Centro para la Integración Sociourbana (CISUR), based on official data from Argentina's 2022 National Census, highlights lower number of adults and elderly people living in impoverished zones.

WASHINGTON CALLING

Bessent halts Argentina crisis as US lifeline upends short bets

25-09-2025 09:12 Speculators seeking to profit from the sell-offs racing through Argentina’s markets were stopped dead in their tracks by a powerful investor willing to take the opposite side of the trade: the US government.

INTERNATIONAL RELATIONS

US Treasury Secretary lauds Milei at midtown gala

25-09-2025 09:03 US Treasury secretary heaps praise on President, claiming he has “laid the foundation for a new golden age in Argentina.”

AGRICULTURE & ECONOMY

Milei’s tax cut on crops quickly lures US$7 billion

25-09-2025 08:52 Agro exporters rush to take advantage of temporary drop in export duties; Experts call on government to boost Central Bank reserves.

MULTILATERAL MEETS FOR MILEI

IMF chief: Argentina ‘is moving in the right direction’

24-09-2025 18:51 IMF chief Kristalina Georgieva heaps praise on President as World Bank and Inter-American Development Bank vows assistance.

MONETARY POLICY

Central Bank slashes repo rate, stalls peso rally

24-09-2025 15:13 Argentina’s Central Bank cut its one-day peso repo rate by 10 percentage points to 25 percent.

ECONOMIC LIFELIFE

US readies US$20-billion rescue to help Milei win in Argentina

24-09-2025 10:50 Washington plans US$20-billion currency swap with Argentina's Central Bank to boost Milei; US Treasury Secretary Scott Bessent says fresh aid a “bridge to the election,” referencing October midterms.

US-ARGENTINA RELATIONS

'We're gonna help': Trump says he will come to the rescue of struggling Argentina

24-09-2025 10:25 Markets reacted positively to Trump's show of support; US Treasury ready to "do what is needed" to help stabilise markets in Argentina

US-ARGENTINA RELATIONS

US to support Argentina with US$20-billion currency swap, bond purchases

24-09-2025 10:09 Treasury secretary says Washington in talks to support Argentina's Central Bank; Dollar-denominated bonds could also be purchased, with US investment likely to increase should next month's crucial midterms go Milei's way.

AGRICULTURE & ECONOMY

China buys more Argentine soybeans as tax relief spurs trade

24-09-2025 09:48 China books at least 10 more cargoes of Argentine soybeans, taking advantage of a temporary break in export duties for local producers.

US-ARGENTINA RELATIONS

Trump backs Milei, downplays need for 'bailout' in Argentina

23-09-2025 15:10 White House official says a financial announcement on Argentina will be coming later Tuesday.

US-ARGENTINA RELATIONS

Trump says Argentina does not 'need' bailout at Milei meeting

23-09-2025 14:09 US President Donald Trump declared Tuesday that he doesn't think Argentina needs a bailout as he met with President Javier Milei in New York.

ECONOMY – ANALYSIS

Milei’s peso is 20% overvalued and fragile, analysts say

23-09-2025 14:06 Investors and analysts agree that, to one degree or another, the peso needs to drop.

ECONOMIC OUTLOOK

OECD lowers Argentina’s growth estimate, raises inflation forecast

23-09-2025 12:42 Argentina’s economy will grow 4.3%, with inflation of 39.8%, according to OECD; Body declines in consumption and exports, as well as industry and construction.

EU-MERCOSUR TRADE DEAL

Farmers call Paris protest against EU-Mercosur deal

23-09-2025 11:50 French farmers union to stage massive protest next month in rejection of the EU-Mercosur trade deal.

US-ARGENTINA SUPPORT

US senator questions Bessent on Argentina ‘bailout’ as Milei waits

23-09-2025 09:38 Democratic Senator Elizabeth Warren seeks more information about the Trump administration’s "bailout” of Argentina’s economy.

ECONOMIC OUTLOOK

New recession almost inevitable, warns Universidad Di Tella report

22-09-2025 17:55 According to study by finance research centre of the Universidad Torcuato Di Tella, Argentina’s economy is likely to formally enter recession soon.

by Gonzalo Martínez

AGRICULTURE & ECONOMY

Milei dangles big tax break for exporters in stealth devaluation

22-09-2025 14:07 Export tariffs temporarily scrapped on all of crop cargoes in a bid to bring dollars into the country.

MARKET REACTION

Argentine assets soar as US support pledge halts market rout

22-09-2025 13:44 Bonds jumped by the most on record, stocks leaped eight percent and the currency was set for the biggest advance since May.

US-ARGENTINA RELATIONS

US Treasury Secretary Bessent says all options on table to help Milei’s Argentina

22-09-2025 13:40 Options include currency swap lines, direct currency repurchases and US dollar-denominated debt from the Treasury’s exchange stabilisation fund, says US Treasury Secretary Scott Bessent.

Foreign relations & diplomacy

Milei heads to New York for meetings with Trump, IMF chief

21-09-2025 08:58 Argentina’s President to attend UN General Assembly in New York, hold bilateral meetings with Donald Trump, IMF chief Kristalina Georgieva and Israeli Prime Minister Benjamin Netanyahu, among others.

US-ARGENTINA RELATIONS

Milei to meet Trump as Argentina seeks to avert market rout

21-09-2025 08:40 Javier Milei plans to meet President Donald Trump in New York on Tuesday after hinting his country is in negotiations to halt a market sell-off and avoid a debt crisis.

POLITICS & ECONOMY

Milei, asked about US Treasury talks, says negotiations advanced

20-09-2025 09:24 Financial support from Washington would provide relief to policymakers who are trying to reassure investors that Milei can sustain his austerity push after October’s midterm elections.

POLITICS & ECONOMY

President says 'political panic' is rattling markets

20-09-2025 09:15 President Javier Milei blamed "political panic" for rattling markets in the run-up to crucial midterm elections.

EDITORIAL

What’s new pussycat?

20-09-2025 07:14 Milei's best bet is to continue renouncing extremism to regain the middle ground.

POLITICS – ANALYSIS

‘Golden boy’ Milei is beginning to look like Chile’s Boric

20-09-2025 06:34 The self-proclaimed first anarcho-capitalist president in world history is under siege. A tough defeat in local elections in Buenos Aires Province laid bare a situation of absolute precariousness, with both markets and the political class testing his resolve.

by Agustino Fontevecchia