News of economy

Fear and loathing: Trump film threat shocks Latin America

Yesterday 23:25 Trump's threat to slap tariffs on foreign-made movies leaves Latin America's burgeoning film industry baffled and fearful.

ANALYSIS: SHOCK THERAPY

Corporate defaults start piling up as Milei policies kick in

Yesterday 12:28 As Javier Milei removes the distortions that once characterised Argentina’s economy, companies that bulked up on debt by exploiting exchange rate gaps are hurting.

GEOPOLITICS & DIPLOMACY

Colombia moves to join China's Belt and Road

Yesterday 11:19 Colombian leader Gustavo Petro says he will sign a "letter of intent" to join the Belt and Road Initiative, a central pillar of his Chinese counterpart Xi Jinping's bid to expand Beijing's economic and political clout overseas.

EU-MERCOSUR TRADE DEAL

Merz tells France Mercosur trade deal must be ratified 'quickly'

Yesterday 11:13 New German chancellor Friedrich Merz says EU countries should "quickly" ratify a free-trade deal with the Mercosur bloc that has met with staunch opposition from France.

'Blanqueo permanente'?

Experts say Argentina’s dollar thirst could open door for illegal funds

06-05-2025 12:26 Experts raise concerns about legal and tax consequences of using undeclared money after Economy Minister Luis Caputo urged Argentines to take their dollars out and "remonetise" the economy – without having to answer questions.

by Eugenia Muzio

TWO SIDES OF SAME COIN

Postcards of a crisis: youth unemployment and working into old age

06-05-2025 12:20 According to data from Argentina's Human Capital Ministry, 19.4% of young people aged 18 to 24 are unemployed. Meanwhile, greater numbers of older adults are continuing to work into their later years, or looking for work, out of necessity.

by Agustina Bordigoni

BUSINESS & INVESTMENT

DLocal CEO sees e-commerce firms rushing into Milei’s Argentina

06-05-2025 10:29 Head of payment services provider DLocal says firm is seeing seeing renewed activity in crisis-prone Argentina.

MINING & INDUSTRY

Lundin Mining reveals largest copper find in 30 years in Argentina

05-05-2025 17:27 BHP Group’s joint-venture partner Lundin Mining Corp declares companies’ Filo del Sol project in South America to be the largest discovery of copper in three decades.

NEW ECONOMIC MEASURES

Caputo: Argentines should spend dollars without 'explanations'

05-05-2025 15:31 Argentina’s Economy Minister Luis Caputo calls for “cultural shift” in which citizens should be able to spend dollars without “having to provide explanations” over what they buy or origin of funds; Government to introduce measures to facilitate circulation of greenbacks.

TRADE TALKS

US official quietly visits capital as Argentina pushes for tariff exemptions

05-05-2025 15:06 Senior US trade envoy quietly visits Buenos Aires as Argentina’s pushes for exemptions to Donald Trump’s import tariffs.

Editorial

Will April showers bring May flowers?

03-05-2025 07:45 Critics of the exit from the ‘cepo’ currency and capital controls argue that it opens the door to speculative peso-dollar shuffles. Whether or not they are right will go much further towards defining the outcome of the October midterms than any cultural battles.

ANALYSING ARGENTINA

Milei’s Macri mirror

03-05-2025 07:14 Javier Milei and Luis Caputo want the economy to be booming when the country goes to vote in October. The question is how much it will cost them – and the country.

by Marcelo J. García

POLITICS

Transport secretary for chop as Milei government churn continues

01-05-2025 15:18 Franco Mogetta, linked to Córdoba Province Governor Juan Schiaretti, set to be latest official removed from President Milei’s administration.

ARGENTINA-CHINA RELATIONS

Chinese business interests await gesture from Milei towards Xi

01-05-2025 09:18 Over-enthusiasm for the United States has damaged links with China, hampering political moves towards investment and trade agreements. A presidential trip to the Asian power is the key to smoothing the acrimony.

by Eugenia Muzio

NEW MEASURES

Argentina eliminates export duties for thousands of manufactured goods

30-04-2025 21:34 President Javier Milei's government eliminates export duties for thousands of industrial products; Economy Minister Luis Caputo says tax levy was "affecting competitiveness" in announcement hailing the move.

POLITICS & LABOUR

Milei sets end of inflation timeline amid union unrest

30-04-2025 21:13 CGT stages pre-May Day march to reject austerity policies; President Milei declares his government “best in history,” vows end to inflation by mid-2026.

STATE CARRIER

Aerolíneas Argentinas won’t be subsidised for first time since 2008

30-04-2025 16:48 Flagship airline Aerolíneas Argentinas won’t need state subsidies for the first time since the government nationalised the company almost two decades ago.

ANALYSIS: SHOCK THERAPY

Savers buying up dollars after Milei lifts currency controls

30-04-2025 12:08 Savers are going back to the bank to buy dollars after President Javier Milei granted them complete freedom to do so.

MINING & INDUSTRY

McEwen weighs Argentina share listing as part of copper unit IPO

30-04-2025 11:53 McEwen Copper is planning an IPO in New York or Toronto to help fund construction of its Los Azules project in San Juan Province.

CRIME & SECURITY

Organised crime hampering growth in Latin America, warns World Bank

29-04-2025 11:58 Organised crime in Latin America and the Caribbean is holding back economic growth, World Bank report warns.

Geopolitcs & trade

Xi is trying to turn world against US as Trump cuts trade deals

29-04-2025 11:03 Beijing officials are racing to turn foreign governments against the United States inside a 90-day window Trump has granted all nations — except China — to strike trade deals during a tariff reprieve.

POLITICS & ECONOMY

Kicillof demands IMF probe into Georgieva's pro-Milei comments

28-04-2025 15:08 Buenos Aires Province governor and socialist lawmakers call for investigation after IMF chief’s controversial remarks that seemed to back Milei administration ahead of Argentina’s midterms.

Analysing Argentina

The shepherd who lost his country

26-04-2025 05:00 Argentina electing Milei, just as an Argentine was running the Vatican on a unifying message, is as if John Paul II had seen his Polish compatriots vote for a version of Joseph Stalin, rather than Lech Wałęsa.

by Marcelo J. García

BLOOMBERG REPORT

Loan to Trump-friendly Argentina went against IMF board concerns

25-04-2025 11:23 Argentina's new loan with the International Monetary Fund was granted despite raising red flags for many of the lender's top decision-markers.

IMF SUPPORT FOR MILEI

Georgieva urges Argentina to ‘stay the course’ with economic reforms

24-04-2025 15:43 IMF holds firm on 5.5% growth forecast despite global risks and trade uncertainty.

CURRENCY, FX POLICY

Peso will float freely, but it’s not yet time, says Bausili

24-04-2025 10:24 Argentina’s exchange rate will be fully liberalised “in time,” says Central Bank Governor Santiago Bausili at event in Washington.

ECONOMIC INDICATORS

Economy grew more than expected in February

23-04-2025 22:47 Economic activity rose 5.7% in February year-on-year, reveals data from the INDEC national statistics bureau.

ANALYSIS: SHOCK THERAPY

Milei defies forecasts so far as Argentina’s peso strengthens

23-04-2025 22:41 Analysts see a stronger peso over the next few months with traders buying into President Javier Milei's plan.

Supply lines

Latin America is master of its markets, not Trump, Bradesco says

23-04-2025 22:34 Outlook for Latin American shares depends more on local elections and fiscal and monetary policy than it does Donald Trump’s tariff war.

SUPPLY LINES

Mercosur shields Paraguay from Trump tariff pain, says finance chief

23-04-2025 22:29 Membership in one of the world’s most protectionist trade blocs will help shield Paraguay from the worst of near-term disruptions caused by US tariffs.

ENERGY & GAS

Governors seek Vaca Muerta investments at Texas energy summit

23-04-2025 11:12 Leaders from four provinces in Argentina – Río Negro, Neuquén, Mendoza and Córdoba – aim to showcase their competitiveness to the global oil elite in Texas at the Offshore Technology Conference.

by Eugenia Muzio

AGRICULTURE & LIVESTOCK

From meat to grains, trade war is a boon to Brazil and Argentina

22-04-2025 14:38 Escalating tensions between the United States and China have created an opening for Brazil and Argentina to ramp up exports.

FINANCING BOOST?

Bessent signals US willingness to offer Argentina a credit line

22-04-2025 14:34 US Treasury Secretary Scott Bessent says Trump administration would be willing to offer Argentina’s government a credit line if President Javier Milei’s economic turnaround was in jeopardy.

ECONOMIC OUTLOOK

IMF holds firm on Argentina growth forecast despite global uncertainty

22-04-2025 12:35 Washington-based lender cites early 2025 economic rebound and rising confidence amid broader warnings over global slowdown.

Analysing Argentina

Milei and the bicycle temptation

19-04-2025 06:00 The Milei government is confident it can make it to the midterm elections in October without major volatility. But this relative calm — won by force of debt — should not obscure the storm that was brewing before the cash injection.

by Marcelo J. García

Editorial

Floating on air?

19-04-2025 06:00 Milei might echo Alfonsín by proclaiming: “Happy Easter, the dollar is in order” but early days – a more total exit from currency and capital controls by Macri in in late 2015 was even smoother, without ensuring him a happy ending.

ECONOMIC INDICATORS

What was the exchange rate when Milei came into office?

16-04-2025 16:10 Official exchange rate almost doubled from near 400 pesos to 838 pesos per greenback in the initial four days after Milei’s inauguration – now it stands closer to 1,200.

RELATIONS WITH WASHINGTON

US Treasury secretary makes flying visit – with no extra dollars

16-04-2025 14:52 Behind the scenes of US Treasury Secretary Scott Bessent’s visit to Argentina. Lunch with business leaders, Caputo and Milei meets, celebrations at the Economy Ministry and trade talks.

by Eugenia Muzio

ANALYSIS: SHOCK THERAPY

Milei risks reigniting inflation by floating Argentina’s peso

16-04-2025 12:35 Decision to ease currency controls is having an impact in the real economy. Retailers and importers are cautiously adjusting their prices as the peso weakens. And some fear it could spark inflation.

ENERGY & GAS

Vista buys Petronas’ Argentina oil stake in US$1.5-billion deal

16-04-2025 12:25 Deal all but cements exit of Malaysia’s Petronas; It’s also a sign that development of Vaca Muerta will increasingly be spearheaded by homegrown drillers.

IMF BOOSTS RESERVES

Central Bank reserves hit US$36 billion after first IMF tranche

15-04-2025 17:26 First disbursement of US$12 billion arrives from International Monetary Fund, boosting reserves; Official exchange rate rises to 1,223 pesos per dollar; Country risk falls to 725 points.

ENERGY & GAS

PAE confirms shale gas reserves in Chubut Province

15-04-2025 16:51 Pan American Energy to invest US$250 million in project to exploit shale gas findings in Cerro Dragon field, says Chubut Governor Ignacio Torres.

GEOPOLITICS & DIPLOMACY

Trump’s China trade war is forcing Latin America to pick a side

15-04-2025 14:02 Intensifying battle between world’s two largest economies has left governments grappling with the reality that their days of doing big business with Beijing without serious blowback from Washington are numbered.

US TREASURY SECRETARY

Bessent expects Argentina to be able to pay off China swap

14-04-2025 19:13 Scott Bessent hails Argentina as a free-market beacon in Latin America; US Treasury secretary said he expects Argentina to be able to pay off its swap line with China, but that US government isn’t considering providing any direct credit.

AGRICULTURE & ECONOMY

Milei tells farmers to sell soy now as peso slides 12%

14-04-2025 19:08 Farmers are starting to harvest their soy crop, worth billions of dollars in export revenues that Milei desperately needs at the Central Bank. But, so far, they have traded it at a crawl.

Foreign relations & diplomacy

US Treasury secretary offers 'full support' to Milei at Casa Rosada

14-04-2025 17:29 US Treasury Scott Bessent visits Buenos Aires for talks with Javier Milei, his economic team and private-sector representatives; Official tells President he wants Washington to be Argentina's "partner of choice".

ECONOMIC CHANGES

Peso slides, bonds jump after FX rules lifted

14-04-2025 13:46 Argentina’s sovereign debt climbed Monday while the peso slipped after the country lifted most of its currency-market restrictions.

ECONOMY – ANALYSIS

IMF bets billions on Milei’s chainsaw to avert past debacles

13-04-2025 08:50 Frontloading disbursements is a controversial move that increases the IMF’s exposure to its biggest debtor, just as Milei faces the same policy dilemmas that have doomed his predecessors.

ARGENTINA & THE IMF

Another IMF loan: for Argentina, it’s Groundhog Day

12-04-2025 15:24 Generations of Argentines feel their country is trapped in a recurring cycle: yet another loan from the International Monetary Fund to rescue a volatile economy.

POLITICS – ANALYSIS

Milei gains 'breathing room' from his ties with Trump

12-04-2025 11:54 The support President Milei has garnered from the Trump administration stands in stark contrast to the mounting challenges on the home front.

by Pablo Varela

News of economy

Fear and loathing: Trump film threat shocks Latin America

Corporate defaults start piling up as Milei policies kick in

Colombia moves to join China's Belt and Road

Merz tells France Mercosur trade deal must be ratified 'quickly'

Experts say Argentina’s dollar thirst could open door for illegal funds

Postcards of a crisis: youth unemployment and working into old age

DLocal CEO sees e-commerce firms rushing into Milei’s Argentina

Lundin Mining reveals largest copper find in 30 years in Argentina

Caputo: Argentines should spend dollars without 'explanations'

US official quietly visits capital as Argentina pushes for tariff exemptions

Will April showers bring May flowers?

Milei’s Macri mirror

Transport secretary for chop as Milei government churn continues

Chinese business interests await gesture from Milei towards Xi

Argentina eliminates export duties for thousands of manufactured goods

Milei sets end of inflation timeline amid union unrest

Aerolíneas Argentinas won’t be subsidised for first time since 2008

Savers buying up dollars after Milei lifts currency controls

McEwen weighs Argentina share listing as part of copper unit IPO

Organised crime hampering growth in Latin America, warns World Bank

Xi is trying to turn world against US as Trump cuts trade deals

Kicillof demands IMF probe into Georgieva's pro-Milei comments

The shepherd who lost his country

Loan to Trump-friendly Argentina went against IMF board concerns

Georgieva urges Argentina to ‘stay the course’ with economic reforms

Peso will float freely, but it’s not yet time, says Bausili

Economy grew more than expected in February

Milei defies forecasts so far as Argentina’s peso strengthens

Latin America is master of its markets, not Trump, Bradesco says

Mercosur shields Paraguay from Trump tariff pain, says finance chief

Governors seek Vaca Muerta investments at Texas energy summit

From meat to grains, trade war is a boon to Brazil and Argentina

Bessent signals US willingness to offer Argentina a credit line

IMF holds firm on Argentina growth forecast despite global uncertainty

Milei and the bicycle temptation

Floating on air?

What was the exchange rate when Milei came into office?

US Treasury secretary makes flying visit – with no extra dollars

Milei risks reigniting inflation by floating Argentina’s peso

Vista buys Petronas’ Argentina oil stake in US$1.5-billion deal

Central Bank reserves hit US$36 billion after first IMF tranche

PAE confirms shale gas reserves in Chubut Province

Trump’s China trade war is forcing Latin America to pick a side

Bessent expects Argentina to be able to pay off China swap

Milei tells farmers to sell soy now as peso slides 12%

US Treasury secretary offers 'full support' to Milei at Casa Rosada

Peso slides, bonds jump after FX rules lifted

IMF bets billions on Milei’s chainsaw to avert past debacles

Another IMF loan: for Argentina, it’s Groundhog Day

Milei gains 'breathing room' from his ties with Trump

‘Ficha Limpia’ falls – Senate rejects anti-corruption bill by one vote

Corporate defaults start piling up in Argentina as Milei policies kick in

Machado aides escape Venezuela after 15-month siege at Argentina's Embassy in Caracas

Merz tells France Mercosur trade deal must be ratified 'quickly'

City polls: Santoro in lead, Adorni and Lospennato battle for second

Córdoba: desbaratan "empresa familiar" por presuntas estafas con venta de casas prefabricadas

Hubo fumata negra y los cardenales se reunirán este jueves para el segundo día del cónclave papal

Quiénes son y a quién responden los dos senadores que cambiaron su voto e hicieron caer Ficha Limpia

Tarjeta Sube en Córdoba: todos los puntos donde podés cargar el plástico

La UTA desmintió al supuesto secretario general que había anunciado un posible "paro por tiempo indeterminado"