News of market

Milei euphoria drives Argentina sovereign risk to seven-year low

05-01-2026 22:58 Investors are betting that Milei's increased support in Congress will help him push through a new wave of deregulation, overhaul labour and tax laws and cut spending.

OPINION & ANALYSIS

US Congress edges toward first-ever federal framework for digital assets

03-12-2025 16:21 As stablecoin rules take effect and the US Senate Banking and Agriculture Committees advance market structure drafts, lawmakers are targeting early 2026 for a floor vote on a first-ever federal digital asset bill.

US-ARGENTINA SUPPORT

Bessent tells investors it’s their turn to rescue Argentina now

30-10-2025 15:21 With Bessent’s mission accomplished and Milei notching a decisive, comeback win in midterm elections that had put markets on edge for weeks, the US rescue plan for Argentina appears to be on the back burner for now.

CURRENCY GAMBLE

As peso rallies, US eyes a small gain on its rescue

27-10-2025 18:17 Washington hasn’t disclosed the precise details of its unusual currency market interventions this month, but it says it made money.

US BAILOUT OF ARGENTINA

Bessent’s intervention in Argentine peso soars past US$1 billion

25-10-2025 16:10 The US spent an amount well in excess of US$1 billion this month acquiring Argentine pesos, according to market estimates.

COST OF POWER

Milei spent around US$7.4bn protecting dollar pre-election

25-10-2025 16:03 Sunday’s legislative elections come at a historic cost: President Milei’s government has used around US$7.4 billion – a figure that could rise to US$8.4 billion, including funds from US Treasury are included – to keep the peso-dollar exchange rate stable over the two months leading up to the vote. According to Banco Provincia, it is the fourth-largest foreign exchange intervention since 2003.

by Carlos Burgueño

CURRENCY INTERVENTION

Citi sells pesos to Fed as part of US Treasury’s rescue

16-10-2025 23:32 Citigroup sold pesos to the US Federal Reserve on Thursday as part of Scott Bessent’s wide-ranging effort to buoy the currency and Javier Milei’s administration.

US BAILOUT OF ARGENTINA

Summers ‘nervous’ about Bessent’s novel rescue for Argentina

15-10-2025 22:08 Former US Treasury secretary Lawrence Summers is "withholding judgment" on Donald Trump administration’s rescue plan for Argentina.

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.

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.

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.

FEATURE

Yerba mate farmers feel the pinch as Milei ends price controls

26-08-2025 17:31 For decades, yerba mate farmers benefited from state intervention. Now, under President Javier Milei, many growers are struggling to survive.

FOOTBALL TRANSFERS

Argentina's football transfer market enjoys new spring

20-08-2025 18:24 In the last five years, the Liga Profesional de Fútbol has seen exponential growth in spending on transfers: from US$11.5 million in 2020 to US$120 million in 2024.

JOB MARKET

More than 220,000 formal jobs lost so far in Milei era

20-08-2025 17:27 CEPA data reveals 220,000 payroll jobs and more than 15,000 employers have disappeared in 18 months, with construction and transport hit hardest; Growth in self-employment masking formal job losses.

by Martín Fernández Nadale

POLITICS

Milei gets Tuttle Twins to teach free markets to kids

29-05-2025 08:53 President Javier Milei is relaunching a state-run TV channel for kids set to feature a cartoon teaching free-market economics while stressing the evils of taxes and communism.

BACK TO MARKETS

Argentina sells peso bonds abroad for first time since Macri era

28-05-2025 23:49 Milei government says it has raised US$1 billion in first peso-denominated bond issuance in nine years.

POLITICS – ANALYSIS

Tales of the blue (dollar)

29-03-2025 06:11 Milei and Caputo have promised to lift the 'cepo' currency controls. It won’t signal the end of the 'blue,' but it should reduce its importance and the wild fluctuations that voraciously mint millionaires and, at the same speed, erase their fortunes.

by Agustino Fontevecchia

PHONE MARKET

Telefónica becomes victim of Chile’s mobile phone curse

17-03-2025 16:32 Telefónica’s bonds tumble and investors question its commitment to Chile as it sells assets in Argentina and Colombia.

STOCK MARKET

Early election trade is brewing for Latin America investors

24-02-2025 12:03 Investors make early bets on a right-wing swing in Latin America's upcoming election cycle, remembering when President Javier Milei's win sparked one of the most profitable trades in emerging markets last year.

HOUSING & REAL ESTATE

Mortgages triple as Milei reignites housing market

20-02-2025 15:22 Home loans make a comeback as demand for housing soars following lowered inflation rate and heightened optimism among Argentines and market traders.

TRADING GAINS

Hedge fund run by Nicolás Dujovne posts 22% gain

12-02-2025 12:55 Nicolás Dujovne enjoys double-digit hedge fund gains from his Buenos Aires trading desk, thanks to Milei's market-friendly agenda.

GLOBAL LITHIUM TRADE

Stubbornly resilient lithium supply remains hurdle to recovery

08-01-2025 10:06 Lithium prices have plunged since late 2022 on oversupply and slower-than-expected growth in electric vehicle demand. Analysts see a surplus this year, although they forecast it will be smaller than in 2024.

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.

AGRICULTURE & ECONOMY

Argentina seeks its first wheat shipments to China in decades

30-11-2024 09:14 Argentina wheat traders are seeking to close their first significant sales to China since the 1990s, according to the head of the country’s top crop-exporting group.

ANALYSIS – SHOCK THERAPY

Traders bet big on Milei crushing 200% inflation in Argentina

06-11-2024 19:24 President Javier Milei’s fight against inflation is showing mixed results. Investors are hopeful yet cautious as they bet on sharper declines next year.

Stocks Surge

Wall Street smashes records, dollar soars as Trump wins

06-11-2024 19:04 The Dow, S&P 500, and Nasdaq all closed at record highs, boosted by a surge following Trump's election victory.

'Shock Therapy'

Clamour for pesos leads banks to tap repo market

23-10-2024 12:47 A surge in demand for local currency in recent months has left Argentina's commercial banks needing access to pesos.

OIL & GAS

President's plan to free oil market slows in Congress

28-01-2024 10:08 At issue is the government’s ability to stop drillers from exporting cargoes of crude if it’s concerned about shortages at domestic refineries.