BLOOMBERG IDB boosts Latin America ESG bond campaign with US$1-billion push 12-07-2022 15:55 Inter-American Investment Corporation is helping companies in Latin America and the Caribbean bring about US$1 billion of environmental, social and governance bonds.
COLOMBIA ELECTIONS 2022 Jubilant Gustavo Petro elected Colombia's first leftist president 20-06-2022 14:35 Ex-guerrilla Gustavo Petro elected Colombia's first ever left-wing president after defeating millionaire businessman rival Rodolfo Hernández in run-off.
Latin America Ex-guerrilla takes on maverick in race to be Colombia's president 18-06-2022 01:20 A former leftist guerrilla and a millionaire businessman will go head-to-head on Sunday hoping to become the new president of Colombia.
Colombia Election 2022 Colombians set to vote in high stakes presidential run-off 17-06-2022 18:22 Colombians vote Sunday in a presidential run-off. Opinion polls have leftist Gustavo Petro and businessman Rodolfo Hernández neck-and-neck.
Bloomberg Tierra del Fuego pitches US$6-billion hydrogen dream 16-06-2022 11:04 Tierra del Fuego Province is trying to lure investments in hydrogen or ammonium, seeking to diversify its economy away from fossil fuels to tap the global clean-energy transition.
COLOMBIA ELECTIONS 2022 Colombian outsider makes run-off with real shot at presidency 31-05-2022 11:18 Rodolfo Hernández, who was little known at the start of the year, surged into Colombia’s presidential run-off – and he now has a real chance at winning against leftist rival Gustavo Petro.
BLOOMBERG Hunt for lithium sparks frantic rush into Argentina's mountains 24-05-2022 13:20 Looming shortage of lithium, key for electric vehicles, gives Argentina a chance to become a mining mecca.
BLOOMBERG Colombia’s number one banker has no fear of leftist front-runner 19-05-2022 08:00 Luis Carlos Sarmiento Gutiérrez would figure to be one of the people fretting the most about the looming election of the first left-wing leader in Colombia’s modern history. But, at least publicly, he betrays little angst about the outcome of the vote this month.
FOOTBALL IN SOUTH AMERICA Brazilian football clubs open doors to foreign investors 17-05-2022 10:45 After a century operating as non-profit associations, Brazilian clubs have started transforming their business models.
BLOOMBERG As rivals turn screws on mining, Argentina puts out welcome mat 11-05-2022 23:35 Government turns to capital-control loopholes and tax breaks, eyeing export boost as neighbours look to raise mine taxes.
AMCHAM SUMMIT 2022 Guzmán tells AmCham that Argentina needs ‘common sense,’ not ‘fairy tales’ 11-05-2022 01:19 Argentina’s economy minister addresses coalition tensions and inflation at AmCham summit; Opposition leaders Horacio Rodríguez Larreta and Patricia Bullrich pitch their visions to business leaders.
BLOOMBERG MercadoLibre posts record revenue, braces for macro jitters 06-05-2022 09:08 Latin American e-commerce retailer grew its revenue more than forecast in the first quarter; Company plans to invest some US$10 billion across the region this year.
BLOOMBERG How China beat out the United States to dominate South America 18-02-2022 22:29 It’s no secret that China has been pouring resources into South America this century, chipping away at the United States' historic dominance. But an important shift has gone largely unnoticed in the country's approach to the region: going local to expand and strengthen its financial grip.
BLOOMBERG Latin American unicorns are helping drive a regional hiring boom 10-02-2022 15:41 The number of tech, remote firms hiring more than tripled; Argentina, Brazil and Mexico attract the most new hires.
nuclear deal Argentina signs agreement to build fourth nuclear power plant 04-02-2022 03:22 New nuclear power plant, Atucha III, requires an investment of more than US$8 billion and will create 7,000 new jobs, according to the government. Announcement made on eve of president’s visit to China.
Bloomberg JPMorgan plans to hire 500 as it takes top spot in Latin America 26-01-2022 09:45 JPMorgan Chase & Co plans to hire more than 500 people in the region as it gains market share and builds on its success in acquisition finance.
BLOOMBERG – INTERVIEW Colombia presidential front-runner Gustavo Petro seeks global anti-oil bloc 17-01-2022 06:59 Colombia’s presidential front-runner Gustavo Petro is calling on ideological allies across Latin America and the world to join him in forming a new bloc to lead the economy away from fossil fuels.
MINING & ENVIRONMENT Argentina wants to triple mining exports, despite social conflicts 12-01-2022 22:31 Government introducing new incentives to grow the sector over next decade, but social and environmental organisations warn of impact. by Javier Lewkowicz, Diálogo Chino
LATIN AMERICA Gabriel Boric has the chance to rewire Chile – and Latin America’s left 10-01-2022 10:24 Once the region’s no-frills, free-market poster child, Chile needs more government spending, not less, to sustain its growth trajectory.
BLOOMBERG Argentine fintech start-up Ualá starts its own brokerage service 08-12-2021 08:51 Company to allow dollar purchases at parallel exchange rate; Start-up is ramping up investment after last funding round.
CRYPTOCURRENCIES Argentina begins taxing cryptocurrency, reversing old stance 17-11-2021 15:17 Transactions involving cryptocurrencies will be subject to government's tax on bank credit and debts, effective immediately.
BLOOMBERG Corporación América plans US$300-million Uruguay airport investment 12-11-2021 14:12 Airport operator Corporación América Airports SA is boosting its bet on Uruguay after receiving a 20-year extension on a key international airport there while beefing up its presence in the South American country with some smaller airfields.
BLOOMBERG Shell, YPF to invest US$300M at Vaca Muerta in next two years 05-11-2021 02:12 With a US$300-million investment, the companies hope to reach a production of 15,000 barrels per day by 2024 and employ 800 people.
Lithium in Argentina Argentina at crossroads over the future of its lithium sector 15-10-2021 16:56 Fernández administration wants to boost the state's role in lithium extraction and electromobility, but conflicts with local communities remain. by Javier Lewkowicz, Diálogo Chino
BUSINESS InvestBA helps push Buenos Aires onto international stage 27-09-2021 09:47 City Hall’s investment and trade promotion agency, better known simply as investBA, was created less than half a decade ago – but the agency is already making a name for itself on the international stage. by Sophia Moore-Smith
GUEST VOICE The challenge of reducing the gap between exchange rates 04-09-2021 10:39 Continuing the current chasm is a recipe threatening economic revival and halting investments. by Miguel Kiguel
ECONOMY The secrets of ITBA, the cradle of Argentina’s unicorns 27-08-2021 21:17 Luis Paolini directs Business Management at the Instituto Tecnológico de Buenos Aires (ITBA), teaching a select group of around 30 students with a priority on critical mentality. by Lorena Rodríguez
BLOOMBERG In oddball Argentina, provinces seen as safer than sovereign 23-08-2021 13:10 Over the past three months, overseas bonds issued by provinces have handily outperformed sovereign counterparts, cementing their status as the preferred choice for investors.
ECONOMIC INDICATORS Foreign investment in Latin America plummets, says UN 05-08-2021 15:24 Foreign investment in Latin America plummeted 35% in 2020 compared to the previous year, says UN regional commission on economic cooperation. Argentina suffered a fall of 39.7%, according to report.
Startups Venture capital surge delivers record for 'unicorn births' 08-07-2021 11:41 According to a report by US-based firms, startups globally raised $156 billion between April and June, the highest level in a decade for the second quarter.
Cryptocurrencies A crypto-revolution in Argentina 12-06-2021 00:17 Argentina’s economy is prime breeding ground for the crypto-world. And the populist promise of cheap energy here is a crypto-miner’s dream. by Agustino Fontevecchia
Cryptocurrency Bitcoin sinks and approaches US$30,000 08-06-2021 17:00 The price of bitcoin fell sharply on Tuesday by 8.6% to a value of $31,501, a level not seen since mid-May, dragging other cryptocurrencies in its wake.
CRYPTOCURRENCIES Central Bank warns citizens of risks of cryptocurrencies 21-05-2021 13:35 Argentina, the land of currency crises, warns about crypto risks.
Cryptocurrency Economic downturn fuels crypto craze in Argentina 07-05-2021 08:00 As Argentines battles high inflation, a weaker currency and a shortage of US dollars, citizens have been putting their money into cryptocurrencies like Bitcoin, Tether, Etherium or Dai.
Obituary Bernard Madoff, mastermind of giant Ponzi scheme, dies at 82 14-04-2021 12:37 Bernard Madoff, the Manhattan investment adviser who promised stellar returns to his A-list clients and instead defrauded them of more than US$19 billion in history’s largest Ponzi scheme, has died in jail at 82 years old.
INVESTMENT President pitches Argentina to top global investment funds 16-03-2021 21:23 President Alberto Fernández pitched Argentina’s growth potential to a host of top global investment funds on Tuesday, as he asked them to back the country and its bid for economic recovery.
Bloomberg MercadoLibre to invest record US$1.8 billion in Brazil 01-03-2021 22:01 Latin American e-commerce powerhouse MercadoLibre Inc. is more than doubling its Brazilian investment this year, planning to deploy in 2021 the same amount it spent in the past four years combined.
Argentine-born banker JP Morgan's Aguzin named Hong Kong stock exchange's CEO 09-02-2021 16:54 Argentine-born banker Nicolás Aguzin appointed Hong Kong Stock Exchange's new chief executive, at a time when Beijing is clashing with Western powers over its campaign to stamp out dissent in the financial hub.
YPF DEBT YPF stuns creditors as nation’s dollars dwindle 23-01-2021 10:15 State energy company’s plan to saddle creditors with losses in a debt exchange leads to frantic unloading of shale driller’s bonds.
LATIN AMERICA UN: Foreign direct investment in Latin America to fall by up to 55% 02-12-2020 13:39 Foreign direct investment in Latin America will fall by up to 55% in 2020, the UN's regional economic commission said Wednesday.
BLOOMBERG China’s state grid makes a US$3-billion push into Latin America 13-11-2020 13:53 State Grid Corp of China will pay 2.57 billion euros for an electricity network company in Chile, its first overseas deal in almost a year and a move that resumes its expansion abroad.
SHALE PLAY Vaca Muerta gets US$5.1-billion lifeline 24-10-2020 08:48 New subsidy programme hopes to lure US$5 billion of investments and a dozen drill rigs, says Energy Secretary Darío Martinez.
Bloomberg Guzmán says Argentina mulling changes to tax, social security systems 22-10-2020 01:36 Argentina is considering changes to its tax and social security structures as part of a plan to address economic imbalances, Economy Minister Martín Guzmán reportedly told a group of investors last week.
Energy Fernández unveils plan to boost production at Vaca Muerta 17-10-2020 08:05 President Alberto Fernández says Argentina wants energy firms to invest some US$5 billion to boost hydrocarbon production and generate jobs in the country’s prized Vaca Muerta shale deposits.
Bloomberg Argentina expands tech companies’ incentives amid recovery push 10-10-2020 20:35 Government expands benefits to its burgeoning tech sector in an effort to boost much-needed foreign investment and exports.
BLOOMBERG – ANALYSIS Rout in billionaire family's bonds shows no-one trusts Argentina 25-09-2020 11:55 For all of Argentina’s assurances that a round of capital controls announced last week are only temporary, investors are making the opposite bet – and the evidence is there for all to see.
FORMER PRESIDENT RE-EMERGES Why Macri re-appeared and broke his silence 19-09-2020 10:13 Former president returns to prominence with scathing La Nación column. Sources close to the PRO leader describe his view of Cristina, Alberto and the opposition coalition. by Ezequiel Spillman
Budget proposal Fernández's first Budget projects 5.5% growth in 2021 16-09-2020 01:17 Government's budget bill forecast for 2021: economic growth of 5.5%, primary fiscal deficit of 4.5%, inflation at 29% and 102 pesos per dollar.
DEBT RESTRUCTURING Creditors reiterate support for debt swap 22-08-2020 10:05 Ad Hoc Group of Argentina Exchange Bondholders says members will be entering Argentina’s debt swap proposal to the tune of almost US$5 billion on Monday.
SINO-ARGENTINE RELATIONS Alberto Fernández planning 'strategic trip' to China in November 19-08-2020 22:44 Peronist leader eyeing potential trip to Asian powerhouse in November. Multi-billion-dollar agreements and the coronavirus pandemic lead agenda for talks with Argentina's leading trade partner. by Juan Luis González