News of market

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.

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.