ANALYSIS: SHOCK THERAPY Betting on Milei, investors choose longer duration Today 12:43 Investors are extending the duration of their peso savings and investments, signalling confidence in President Javier Milei.
Analysing Argentina 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
MARKETS Milei’s turnaround effort wins Argentine credit upgrade from Fitch 15-11-2024 22:05 Argentina’s credit rating was raised two notches by Fitch Ratings to 'CC.'
ECONOMIC OUTLOOK 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.
BUSINESS & INVESTMENT Trump and Argentina – Business leaders hope political affinity will pay off 07-11-2024 00:25 Despite uncertainty about the overhaul of the United States economy and its impact on domestic business, business leaders hope election of Republican leader will lead to commercial resurgence. by Ariel Maciel
Lihtium in Argentina Eramet buys out Tsingshan from Argentina lithium project 24-10-2024 17:50 French miner Eramet SA to buy back Tsingshan Holding Group Co’s stake in an Argentinian lithium project
GEOPOLITICS Brazil reluctant to pick between US and China in polarised world 23-10-2024 23:38 Brazilian leaders are walking a fine diplomatic line to appeal to both the US and China and shield their nation from any potential blowback in an increasingly polarised world.
ENERGY & GAS Argentina mulls tender for power lines after years of neglect 02-10-2024 16:45 Argentina is rushing to put together a “market solution” for its national network of high-voltage power lines, a severely neglected part of the grid.
MILEI IN AMERICA Elon Musk says his firms are 'actively' looking to invest in Argentina 24-09-2024 14:58 SpaceX and Tesla boss posts on social media that his companies are “actively looking for ways to invest in and support Argentina,” though there’s no sign of an announcement anytime soon.
ANALYSING ARGENTINA Milei’s Bermuda Triangle 21-09-2024 06:31 Milei’s political future lies within a triangle defined by inflation, approval ratings, and unemployment. by Marcelo J. García
INVESTMENT Milei government enthused by initial RIGI investment commitments 18-09-2024 18:03 Two multinationals from the automobile sector and a large energy company have committed investments since passage of the RIGI investment incentive scheme. by Martín Fernández Nadale
Lithium in Argentina Economic crisis thwarts bid to go nuclear with lithium bounty 17-09-2024 11:35 Currency woes dog Argentine scientists trying to develop key isotope Lithium-6, which could have nuclear applications; Milei’s spending cuts, privatisation plans are also a factor.
BUSINESS & INVESTMENT Mercado Libre founder vows US$75-million investment as he hosts Milei 05-09-2024 11:41 President Javier Milei received by Mercado Libre founder Marcos Galperin as he visits offices of tech giant; Entrepreneur, who is gripped in a “cartelisation” battle with Argentina’s banks, says US$75-million investment will create 2,300 new jobs at logistics centre.
ANALYSING ARGENTINA Milei’s mirror: Ireland or Nigeria? 10-08-2024 05:37 The RIGI scheme places Argentina closer to a category that experts call an enclave economy, one in which some sectors boom but the larger public is not necessarily attached to the benefits. by Marcelo J. García
UNITED STATES ELECTION 2024 Paul Singer is pitching Wall Street's own brand of MAGA 25-06-2024 12:06 Over the past decade, business figures led by hedge-fund billionaire Paul Singer have poured nearly US$200 million into a New York think tank that’s now projecting its own vision for Trump’s America.
Tech giants Milei adviser expects major tech investments within eight weeks 07-06-2024 16:44 Javier Milei's senior adviser Demian Reidel is confident Argentina will be able to announce significant investments from Silicon Valley in the coming weeks.
OIL & GAS Oil driller Aconcagua eyes Argentina IPO as Milei lures capital 04-06-2024 15:07 President’s move to open up economy creates market opportunity; Gas company did first local listing since 2017 earlier in year.
EDITORIAL Risky Investment Guarantee Inconsistencies 01-06-2024 05:45 The primacy of the fiscal over the economic causes problems elsewhere.
DATES IN SILICON VALLEY Milei to meet with CEOs of Meta, Google, Apple, OpenAI 28-05-2024 11:36 Javier Milei will meet with “four of the 10 most important businessmen in the world” during his trip to the United States, according to Presidential Spokesperson Manuel Adorni.
BLOOMBERG – FEATURE Rich investors cheer Milei as Argentines bear brunt of austerity 24-05-2024 14:48 Amid Wall Street and investor optimism, critics are questioning how long Javier Milei's spending cuts can be sustained without permanently damaging the economy or fraying the social fabric.
MINING & INDUSTRY Copper frenzy draws mining giants to Argentina after Milei’s reforms 23-05-2024 00:01 Milei government tries to lure global mining heavyweights; President must convince companies that their projects are safe and lay down rules for doing business.
BUSINESS & INVESTMENT Energy mogul makes 100-year bet on Argentina’s mineral wealth 20-05-2024 13:45 Through his holding company Integra Capital, José Luis Manzano is going all in on mining and mineral wealth.
FOREIGN POLICY & DIPLOMACY Milei heads to Madrid as star guest for Vox summit 16-05-2024 15:24 Argentina’s President set to meet with Santiago Abascal, the leader of far-right party Vox, during trip to Spanish capital.
OPINION & ANALYSIS Argentina is disregarding state's role in attracting investment 11-05-2024 17:33 The spirit of incentives for big investment contemplated in Javier Milei's REGI investment scheme reflects the end of industrialisation, the promotion of extractivism and stricter foreign restrictions.
ECONOMIC INDICATORS Private-sector investment suffers biggest fall of Milei government yet 11-05-2024 09:23 New report by Orlando J. Ferreres & Asociados consultancy firm highlights slump in monthly gross domestic investment. Data shows "indicators of activity worsened" in March, mainly due to slump in construction sector.
EDITORIAL Contradictions and multitudes 11-05-2024 06:07 The Javier Milei Presidency has never been short of contradictions.
BUSINESS & INVESTMENT Goldman, Stone Harbor wind back Argentina bets after bond rally 08-05-2024 11:49 Investors who rode an eye-popping rally in Argentina’s sovereign debt this year are starting to pull back.
FOREIGN POLICY & DIPLOMACY Argentina reinforces desire to deepen ties with 'natural partner' EU 07-05-2024 15:33 Foreign Minister Diana Mondino has told the European Union's top diplomat that she wants to deepen Argentina's "strategic relationship" with its "natural partner."
BUSINESS & INVESTMENT Power supplier Central Puerto eyes stake in McEwen’s copper project 06-05-2024 14:57 Central Puerto SA, Argentina’s biggest power supplier, is in talks to invest in Canadian miner McEwen Copper Inc’s Los Azules project.
FOREIGN POLICY & DIPLOMACY Diana Mondino heads to China, Europe on investment quest 23-04-2024 20:52 Argentina’s foreign minister will set off on Sunday for a 10-day tour of China, France, Belgium and Portugal, accompanied by a “large business delegation.”
MILEI MEETS MUSK President Milei meets Elon Musk at Tesla factory in Austin 12-04-2024 14:52 Argentina’s President flies from Miami to Texas for a meeting with SpaceX boss Elon Musk at his Telsa factory in Austin; X owner gives Javier Milei tour of building as photos of encounter go viral online.
MUTUAL APPRECIATION SOCIETY President Milei to meet Elon Musk at Tesla factory in Texas 09-04-2024 12:59 After months of online flattery and praise, Argentina’s self-proclaimed “anarcho-capitalist” head of state will finally meet billionaire businessman Elon Musk in-person at Tesla’s factory in Austin, Texas.
ECONOMIC INDICATORS Brazil economy grew 2.9% in 2023, says official data 01-03-2024 16:08 Brazil's economy expanded 2.9% in 2023 after a fourth quarter of zero growth, according to data released Friday by the IBGE national statistics agency.
Business Billionaire Claure forges new empire after WeWork collapse 01-03-2024 07:22 Marcelo Claure is shaping his own investment empire after the pandemic dealt the final blow to the company WeWork, as the company kept losing billions
Brazil and Wall Street Lula pulls off rare trick twice, wooing Wall Street and the poor 26-02-2024 11:09 In his first year back in power, Luiz Inacio Lula da Silva has again managed to keep both low-income voters and Wall Street investors happy
MARKETS Latin America’s quasi-sovereign companies attract bond investors 19-02-2024 14:09 State-owned companies across Latin America face falling output, cash woes and expensive investment plans. Yet bondholders can’t get enough.
POLITICS & COURTS Further judicial setback for Milei: Court suspends repeal of Land Law 30-01-2024 15:43 Ruling signed by judge Ernesto Kreplak, responding to a La Plata war veterans centre, preventively suspends repeal of Ley de Tierras, temporarily blocking limitless purchase of land by foreigners. by Ariel Stemphelet
ELECTIONS 2023 – MARKETS After US$24-billion wipeout, Argentina’s bonds face election test 16-11-2023 11:12 Holders of some US$65 billion of sovereign debt — including major investors like Pimco, BlackRock and Fidelity — have seen Argentina's bonds haemorrhage in value since 2020. And they know, if history is any guide, that more losses are likely.
THIRST FOR DOLLARS Argentines’ love of dollars creates a windfall for local brokers 02-10-2023 16:53 Argentina’s economic disaster has sent inflation soaring and pushed poverty levels toward a 15-year high. But for local brokerages, the chaos has fuelled a boom unlike anything industry veterans can remember.
MINING & INDUSTRY Mendoza Province narrows search for US$1-billion potash investor 04-09-2023 14:28 Mendoza Province has narrowed its search for a company to revive development of the Rio Colorado potash mine, a decade after Vale SA pulled out of the project.
ECONOMY Chinese investment in Brazil fell by 78% in 2022 30-08-2023 17:53 Chinese investment in Brazil totalled US$1.3 billion in 2022, a 78% drop from the previous year and its lowest level since 2009, according to a report issued by the China-Brazil Business Council on Tuesday.
MARKET REACTION Argentine assets extend sell-off after vote surprise roils markets 15-08-2023 14:05 Argentine assets extend losses as strong support for outsider Javier Milei in a weekend primary vote reverberates through markets.
BLOOMBERG – ANALYSIS Argentina’s assets to watch before key primary election 10-08-2023 15:20 Argentines will head to the polls in a nationwide primary election on Sunday, with traders watching closely for signs of regime change in the debt-ridden nation mired in yet another economic crisis.
Bloomberg Massa wins Greylock’s blessing in bid to save Argentina's economy 09-08-2023 14:52 Argentina’s inflation surged under Massa – Greylock sees him as best to save the economy.
economy Brazil is pushing the US out of world’s biggest soybean market 24-07-2023 15:44 China's increasing reliance on Brazilian soybeans during the typical season lull signals a shift away from the US as South America's shippers dominate the market, impacting American farmers and geopolitics.
INTERVIEW Latin America bank eyes finance 'umbrella' role for Amazon rainforest 20-06-2023 15:51 Inter-American Development Bank wants to play a central role as an "umbrella" organisation coordinating climate-related projects in the vulnerable rainforest, says new chief Ilan Goldfajni.
VACA MUERTA Massa: Vaca Muerta set for US$500-million Chevron investment 10-06-2023 08:10 Economy Minister Sergio Masssa confirms Chevron Corp will invest up to US$500 million to develop the El Trapial field in the Vaca Muerta deposit.
BRAZILIAN ECONOMY Brazil 'finfluencers' bring finance to the favelas 17-05-2023 15:05 So-called 'finfluencers,' or financial influencers, are going viral in Brazil, delivering financial education to the masses in a country known for its gaping inequalities.
ECONOMIC INDICATORS Foreign investment has slumped during Fernández presidency 08-05-2023 20:43 Tighter capital controls and economic uncertainty have led to a huge drop in foreign direct investment, according to a private report using Central Bank data.
BLOOMBERG – ANALYSIS Edward Porter: What Xi Jinping wants in Latin America 28-04-2023 11:29 China is not interested in turbocharging the region’s industrial development. But neither are its investments seeking to challenge the United States.