News of investors

Argentina signals to investors IMF cash to come despite reserves

Yesterday 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.

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.

OPINION & ANALYSIS

Milei's private dinners, cash and political transparency

07-04-2025 11:09 What's at stake in a US$20,000-steaks case...

TURBULENCE IN BRAZIL

Brazil market rout risks a crisis as Lula resists austerity push

19-12-2024 08:25 As the currency craters in Brazil, thrusting the country’s markets into the international spotlight for the first time in years, a grim reality is setting in for top economic aides to President Luiz Inácio Lula da Silva. They are, they fear, powerless to do much to stop the panic.

BUSINESS & INVESTMENT

Creditors agree to restructuring for Argentina’s Clisa

18-12-2024 14:34 Creditors agree to debt rework with Clisa, holding company behind Buenos Aires metro company operators.

BUSINESS & INVESTMENT

Argentina’s Aconcagua eyes global bond market, foray into shale

17-12-2024 15:23 Oil driller Petrolera Aconcagua Energia SA is looking to sell an international bond, swooping into an opening for Argentine energy corporates that’s materialised with President Javier Milei’s free-market reforms.

ANALYSIS: SHOCK THERAPY

Betting on Milei, investors choose longer duration

27-11-2024 12:43 Investors are extending the duration of their peso savings and investments, signalling confidence in President Javier Milei.

GOVERNMENT SEEKING FUNDS

Argentina’s bonds rally as country seeks US$2.7 billion repo line

25-10-2024 11:29 Argentina’s bond prices increased amid reports that the government is negotiating a $2.7 billion, three-year credit line with banks to cover debt obligations due in January.

ECONOMY – ANALYSIS

Milei gets vote of confidence in wave of Argentine debt sales

15-10-2024 11:22 Argentina’s largest companies are rushing to issue dollar debt, a tentative sign that Javier Milei’s shock therapy is starting to restore investor confidence.

ECONOMY & POLITICS

Banco de la Nación wants to sell debt after a 30-year hiatus

09-10-2024 12:11 Daniel Tillard, the new head of Argentina’s largest bank, wants state-run Banco de la Nación to re-enter international capital markets for the first time in three decades.

ECONOMY – ANALYSIS

Pimco, Barings question how soon Argentina can sell bonds again

08-10-2024 13:04 Economy Minister Luis Caputo told investors recently that the government expects to sell bonds abroad again by January 2026. For asset managers, however, that's a long shot.

DOLLAR RESERVES

Argentina fights on two fronts to defend peso, draining reserves

02-08-2024 14:14 Argentina’s decision to extend its defence of the peso to the parallel market is draining its foreign currency reserves and denting the most fragile of commodities in its battered economy: investor confidence.

Bloomberg

Bondholders in Buenos Aires Province question Milei’s resolve

28-05-2024 14:46 Bondholders in Buenos Aires Province are speculating that even Javier Milei isn’t ruthless enough to let the nation’s richest region go bankrupt.

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.

POLITICS – ANALYSIS

Javier Milei: in love with the ‘cowboy caste’

11-05-2024 06:37 There is clearly some sort of infatuation with the President and his Austrian economic ideology, along with Argentina. And the global culture war and Milei’s positioning to the right of the spectrum make him even more attractive.

by Agustino Fontevecchia

BLOOMBERG

City officials to meet investors as Buenos Aires weighs global bond sale

02-05-2024 16:40 Officials from Buenos Aires City government will meet with global investors next week as it explores selling overseas dollar bonds for the first time in eight years.

BLOOMBERG – ANALYSIS

HSBC joins firms exiting Argentina amid Milei's economic makeover

10-04-2024 15:24 Foreign companies reluctance contrasts with local optimism; Exxon and Clorox decided to divest investments in Argentina.

Exchange rate woes

Investors bet Argentina crawling peg to speed up to 6% by April

22-02-2024 11:34 Investors see Argentina's crawling peg accelerating to six percent monthly by the start of the second quarter, according to peso futures data.

MARKET REACTION

Milei’s shock therapy already leaves investors craving more

13-12-2023 12:05 While investors agree the adjustment outlined is the best — and only — way forward for the troubled nation, they were left wanting some bolder moves, more details and a plan how to implement measures that require congressional support.

PRESIDENT MILEI

Argentina rally put to test as challenges await Milei

09-12-2023 08:47 Investors’ giddiness with Argentina will be put to the test as Javier Milei takes over on Sunday.

MARKETS

Wall Street welcomes Milei victory but warns of challenges ahead

20-11-2023 14:29 Analysts and investors welcome the prospect of radical change in Argentina but warn about deep challenges facing Javier Milei.

MARKETS

Argentina investors cheer Milei victory, brace for peso sell-off

20-11-2023 00:37 Investors cheered libertarian economist Javier Milei’s bigger-than-expected win in Sunday’s presidential vote and his pledge to usher in a radical remake of South America’s second-largest economy.

MONETARY POLICY

Central Bank likely to hold rate despite inflation spike

09-10-2023 21:04 Argentina’s Central Bank board plans to keep its benchmark interest rate unchanged despite inflation data hovering around a three-decade high.

ELECTION 2023

Milei to send team for investor talks in New York

25-08-2023 10:58 Advisers for Javier Milei will travel to New York in September to present their economic plans to Wall Street banks for the first time.

DEFAULT ON THE CARDS?

Argentina vote shock leaves investors dreading the next default

16-08-2023 14:05 Investors are fretting about the implications of negotiating with little-known populist Javier Milei when an all-but-inevitable deby restructuring process comes.

2023 election

Traders go to US for Argentina stocks to hedge election bet

02-08-2023 13:53 Investors are cautiously looking at US-listed shares of Latin American companies with operations in Argentina, anticipating benefits from market-friendly policies after this year's elections, but refraining from direct investment until long-term stability is established.

Economy

Brazil’s economic activity tumbles past all forecasts

17-07-2023 19:57 Brazil's economy shrank more than expected in May, but President Lula's government's reforms and anticipated rate cuts have raised investor optimism.