News of market

Argentina seeks its first wheat shipments to China in decades

Today 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.

MARKETS

Argentina bonds gain as Milei’s rework passes crucial tests

13-01-2024 08:58 Javier Milei capped his first month as president by winning approval from markets, providing a lift for his broader plans to overhaul Argentina’s economy.

ANALYSIS

Precariously employed Argentine youths excited about Milei

08-12-2023 16:37 Javier Milei has won over young voters who are seeking change in Argentina.

MARKETS

Argentina's stock market react with optimism to Milei election

21-11-2023 16:58 Stock market opens up by around 20% before easing off to gains of about 14% – strong reaction to election of new president-elect.

ELECTION 2023

Top La Libertad Avanza figure reignites debate over selling of organs

01-11-2023 17:49 Diana Mondino reignites debate over one of presidential candidate Javier Milei’s most controversial policy proposals: the possibility of an “organ market.”

ECONOMIC INDICATORS

Private study says food prices surged almost 13% in September

03-10-2023 17:24 Food prices increased by 12.8% on average in September, according to a new private study; Some items like sugar have soared by more than 280% in last year, reports Focus Market consultancy firm.

BUSINESS & REAL ESTATE

Ex-Soros partner surfs Argentine crisis with real-estate empire

03-10-2023 12:43 Eduardo Elsztain avoided speculative investments in stocks, bonds and derivatives as he built up his empire over the last 30 years. Now his real-estate company IRSA Inversiones y Representaciones is booming, even as Argentina enters recession.

Bloomberg

Key LNG buyer Argentina faces possible glut amid warmer winter

23-06-2023 00:52 An unusually warm winter in the southern hemisphere is threatening to saddle Argentina with a glut of liquefied natural gas.

Living with inflation

Finding treasure among waste at Buenos Aires' central market

19-06-2023 10:15 As runaway inflation slashes spending power and the price of fruit and vegetables soar, citizens are improvising ways to make ends meet.

ECONOMIC OUTLOOK

Analysts in Argentina forecast 148.9% inflation in 2023

10-06-2023 08:45 Latest Central Bank survey of market expectations produces 148% estimate for inflation in 2023 – a 22-point hike on previous forecast.

CURRENCY WOES

In distorted Buenos Aires rental market, it's dollar vs peso

02-06-2023 10:15 Renting in pesos and on a long-term basis is a titanic task in the capital, where temporary and dollar-denominated supply dominates the market.

Lithium in Latin America

Emerging lithium supplier Argentina says it’s close to US deal under IRA

24-05-2023 09:41 Argentina, one of the world’s fastest-growing lithium producers, says it could soon gain access to the US market.

BLOOMBERG

Chile, one of the world’s lithium leaders, looks like a shakier source

28-04-2023 12:28 The state plans to take control in Chile, which boasts unmatched reserves of the battery metal.

BLOOMBERG - OPINION

Eduardo Porter: Why Wall Street should like Latin America’s left

08-02-2023 09:22 The Latin American left does a better job than the right delivering on one of Wall Street’s favourite metrics: stock market returns.

INVESTMENT IN ARGENTINA

2023: Interesting challenges for investors in the year to come

25-01-2023 12:56 Having a global vision helps us understand that there are economic problems that transcend borders and the mechanisms used to solve them have consequences in different geographies.

Bull vs. bear

Is it Massa, the bull market, or are we about to implode again?

14-01-2023 06:25 We are not walking on the edge of the precipice, but we’re still awfully close, and a small breeze could be enough to destabilise us.

by Agustino Fontevecchia

EXCHANGE MARKET

Argentina’s black-market peso slumps to record ahead of holidays

29-12-2022 15:33 Argentina's black market exchange rate plunged to a record low this week, with the blue dollar hitting 357 pesos per greenback.

Qatar 2022 World Cup

Argentina fans in Doha protest over World Cup final tickets

16-12-2022 11:29 Argentina fans staged a second day of demonstrations Friday outside a Doha hotel demanding that their country's national federation help them to get tickets for the World Cup final.

ECONOMIC INDICATORS

Inflation slowed to 4.9% in November – lowest figure in nine months

15-12-2022 23:44 According to the INDEC national statistics bureau, prices have increased by 92.4% over the past 12 months; Monthly rate for November less than expected, while quarterly economic growth picked up before government renewed price control scheme

Bloomberg

Low-cost airline Flybondi doubles down on domestic travel

07-12-2022 13:41 Argentina’s low-cost airline Flybondi is doubling down on its bet that local and regional travel will continue growing at a fast clip.