BIDEN INAUGURATION Biden, facing historic challenges, vows to end ‘uncivil war’ 23-01-2021 09:32 Trump era finally draws to close as Joseph Biden is sworn-in as 46th president of United States, two weeks after deadly attack on US Capitol.
BILATERAL RELATIONS Don’t expect ‘carnal relations’ between Alberto and Joe Biden 23-01-2021 08:31 One actor could tilt the scales, though: Pope Francis. Biden is the second Catholic president of the US, preceded by John F. Kennedy. How much will the Peronist leader of the Holy See nudge Biden our way? by Agustino Fontevecchia
BREXIT UK-EU agree historic post-Brexit trade deal 26-12-2020 10:20 Britain and the European Union struck a post-Brexit trade deal on Christmas Eve that they hope will cushion the economic blow of the UK’s imminent departure from the bloc after months of tortuous negotiations.
DIPLOMACY Foreign minister’s IMF gaffe overshadows Fernández-Biden call 05-12-2020 09:54 A positive piece of foreign policy news for the Alberto Fernández administration ended in a minor furore this week, with Argentina’s foreign minister accused of fabricating part of a chat between the president and Joe Biden.
THE WEEK What we learned this week: November 28 to December 5 05-12-2020 09:27 Stories that caught our eye over the last seven days in Argentina. by Michael Soltys
FINANCIAL TURMOIL Economy Ministry to halt Central Bank advances until end of 2020 03-11-2020 12:53 Economy Ministry says it will not ask the Central Bank for temporary advances of cash in November and December and would target local capital markets for financing instead.
ENVIRONMENT Environmentalists, markets eye Argentina’s transgenic wheat askance 27-10-2020 14:33 Argentina became the first country to approve the growth and consumption of genetically modified drought-tolerant wheat earlier this month. Markets, healthcare professionals and environmental activists express concerns.
BLOOMBERG Latin America’s winners and losers in US vote: Election guide 27-10-2020 13:45 Firms from Mexico, Brazil and Argentina are some of the Latin American stocks whose outlook is tied in part to the outcome of next Tuesday's US election.
BLOOMBERG Chile investors brace for debate over new constitution 26-10-2020 17:10 Chileans voted overwhelmingly to change their constitution Sunday, triggering a wave of celebrations across the country and ushering in as much as two years of debate over the new charter. Here's what analysts had to say about what comes next.
IN FOCUS Economy Ministry takes steps to relieve pressure on currency markets 21-10-2020 18:59 Economy Ministry unveils new measures designed to reduce the pressures on volatile currency markets and ward off devaluation.
IMF MISSION TEAM DEPARTS IMF predicts 11.8% GDP slump, says talks will start in November 17-10-2020 10:18 IMF chief Kristalina Georgieva says Argentina needs “a credible and comprehensive economic agenda that balances supporting the economy and people in this difficult time.”
Exchange rate Fernández says no devaluation of peso on the way 14-10-2020 08:09 Argentina’s government is not going to devalue the peso, President Alberto Fernández said Tuesday night amid widespread speculation on the issue.
Bloomberg Government to devalue peso faster while it fights reserves drop 01-10-2020 23:09 The Central Bank will end a policy of “uniform devaluation” and allow greater volatility, according to a statement sent by the institution led by Miguel Pesce after hours Thursday.
Bloomberg Google will pay publishers for news content to avoid regulation 01-10-2020 15:24 Alphabet Inc.’s Google will start paying select media outlets to display curated content on its news app in a concession to the industry which has accused the search engine and other tech giants of unfairly using content for years.
BLOOMBERG Billionaire-backed Argentine fintech Ualá launches in Mexico 29-09-2020 15:30 Ualá, the mobile payments startup backed by heavyweight billionaire investors George Soros and Steve Cohen, expands beyond Argentina into Mexico.
EXPORTS & ENVIRONMENTAL CONCERNS China delivers opportunity and controversy for Argentina’s pork sector 26-09-2020 10:00 Proposed deal with China is a chance to boost Argentine exports, but environmentalists are strongly opposed to it.
Bloomberg Argentina yield curve inverts as forex controls spook investors 23-09-2020 16:36 Less than a month after Argentina’s US$65-billion debt restructuring, bond prices show growing concern the government may struggle to pay its obligations.
BLOOMBERG Argentina’s new bonds plunge deep into distressed territory 21-09-2020 17:11 Argentina’s new dollar bonds have plunged back into distressed territory just two weeks after the nation restructured almost US$65 billion in debt.
CURRENCY CONTROLS Central Bank tightens currency controls as peso weakens 16-09-2020 10:29 Central Bank tightens conditions for the purchase of foreign currency, to prevent hoarding, preserve reserves and discourage demand for US dollars.
TRADE & COMMERCE In midst of global recession, Argentina sets out in search of new markets 15-09-2020 18:16 Argentina is looking for new markets for its products in a world sunk in recession. The goal: to raise annual exports from US$65 to US$100 billion, according to government official Jorge Neme.
Bloomberg Argentines are abandoning a trade that hedged currency risk 14-09-2020 16:02 Dollar-linked instruments in the local market are being abandoned amid speculation government will create a weaker parallel exchange rate while giving investors less favourable terms.
THE WEEK IN ARGENTINA What we learned this week: August 22 to 29 29-08-2020 09:39 Stories that caught our eye over the last seven days in Argentina.
BLOOMBERG Bond traders are already betting on Argentina’s next default 18-08-2020 10:58 In the next few weeks, officials will put the finishing touches on a bond restructuring deal and bring an end to the ninth default in the country’s history. Bond traders are already bracing for the 10th...
LAST SEVEN DAYS What we learned this week: August 1 to August 8 08-08-2020 09:31 Stories that caught our eye over the last seven days in Argentina
BLOOMBERG Argentina bonds are trading as if the pandemic never happened 07-08-2020 12:34 Debt accord has left the bonds trading at pre-pandemic levels, even as the country lacks the outline of a credible economic plan to get itself out of the current deep crisis.
Bloomberg Negative-yielding corporate bonds are all the rage in Argentina 30-07-2020 14:21 Argentine companies issued a record US$596 million of dollar-linked bonds domestically in the past two months, and about a third now pay negative yields. Investors, nevertheless, are lapping them up.
BLOOMBERG Moon-shot bets on junk power bond in Argentina bring a windfall 22-07-2020 11:57 Amid a minefield of underperforming and already defaulted debt, notes from power producer MSU Energy are outshining all others.
PERIODISMO PURO / INTERVIEW Hernán Lacunza: ‘We can’t reset the economy every four years, as we’ve been doing since 1945’ 18-07-2020 08:30 Former finance minister Hernán Lacunza on Argentina’s debt restructuring efforts, the impact of the coronavirus pandemic, inflation and more. by Jorge Fontevecchia
THE WEEK What we learned this week: July 4 to July 11 11-07-2020 08:39 Stories that caught our eye over the past seven days in Argentina.
BLOOMBERG Malbec bonds beat defaulted Argentine peers on investor hope 09-07-2020 02:26 A glimmer of hope is lurking within Argentina’s default-ravaged debt landscape: Bonds sold by Mendoza, the Andean-bordering province famed for exports of full-bodied Malbec wine.
MARKETS Argentina risks losing emerging markets status, warns MSCI 23-06-2020 23:27 Concern about market accessibility in Argentina prompted MSCI to flag the country during this year's 2020 rating review. Turkey was also warned.
BLOOMBERG Meat upheaval in US lets Argentina back in the beef game 07-06-2020 21:46 After America’s meat-processing woes opened up a window for importers, Argentina shipped 1,290 metric tons to the United States in April.
DOMINIQUE STRAUSS-KAHN INTERVIEW Dominique Strauss-Kahn: ‘Argentina has the cards to renegotiate its debt’ 23-05-2020 09:45 French politician Dominique Strauss-Kahn, a former managing director of the International Monetary Fund, gives his view on Argentina’s debt restructuring talks, the Fund’s leadership and wealth taxes. by Jorge Fontevecchia
EDITORIAL Debt, default, devil, detail 23-05-2020 09:39 It is still well worth asking why it has come to this. The government’s debt strategy of pressing for a settlement in the midst of the coronavirus pandemic baffles any conventional wisdom.
BLOOMBERG YPF shifts focus to strengthening finances as debt payments loom 13-05-2020 14:52 State oil and gas company's new CEO tells investors that company will go "back to basics" and cut costs to combat the current crisis.
Bloomberg Paul Krugman: Liquidity trap has spread to emerging markets 12-05-2020 16:35 The so-called liquidity trap, when monetary policy loses its traction as interest rates get close to zero, has plagued rich countries for years – now, Nobel-Prize winning economist Paul Krugman says it has now spread to some emerging markets as well.
TEch giant US trade office adds Amazon, Argentina, Chile to 'notorious markets' list 01-05-2020 12:50 US adds five of Amazon’s overseas operations, Chile and Argentina to its list of “notorious markets’’ where pirated goods are sold. E-commerce giant dismissed the move as part of the Trump administration's “personal vendetta'' against it.
Bloomberg - Opinion Brazil hits a wall and takes Latin America with it 30-04-2020 17:38 Brazil’s president Jair Bolsonaro has just led his country, and indeed all of Latin America, to the end of a long cycle, as the coronavirus outbreak sparks a shadow over the continent’s future.
AMF's sanction France fines US hedge fund Elliott over takeover fight 23-04-2020 12:32 French markets regulator imposes 20-million euro fine on US hedge fund Elliott Management, accusing it of "inaccuracies" during its bid to block a takeover deal five years ago.
BLOOMBERG - OPINION Coronavirus pandemic reverses Brazil's economic course 23-04-2020 08:15 When Paulo Guedes, Brazil’s University of Chicago-schooled economy minister arrived in office, he came with an aggressive market-friendly vision for re-founding Latin America’s biggest economy. But the coronavirus pandemic has torn up Guedes’ plans and left him out in the cold.
MARKETS US oil prices crash to negative territory amid devatating glut 20-04-2020 17:53 Remarkable decline comes as the petroleum industry emerges as one of the corners of the global economy made most vulnerable by government shutdowns to limit the spread of coronavirus.
DEBT RESTRUCTURING Bondholders pan Argentina's restructuring offer, prepare for battle 20-04-2020 15:17 The Argentina Creditor Committee says it “cannot support” the nation’s restructuring proposal and the government’s actions have “fallen well short of bondholders’ expectations,” as talks with officials step up.
Coronavirus geopolitics Solidarity? When it comes to masks, it's every nation for itself 03-04-2020 17:47 From government stock seizures to sales to the highest bidder on airport tarmacs, the hunt for face masks amid the coronavirus outbreak has become a global free-for-all, where the rules of fair play no longer apply.
Bloomberg Argentina in dispute with creditors over debt grace period 02-04-2020 19:44 Argentine authorities are at odds with international bondholders over a proposal for a four-year moratorium on payments to creditors.
Bloomberg SoftBank’s Son bets on himself with US$7.4-billion pledge 24-03-2020 18:38 Masayoshi Son’s stake in the Japanese conglomerate has risen to 26.9 percent from 25.5 percent. With SoftBank’s shares gyrating wildly, he also pledged more stock against his holdings.
bloomberg Ecuador lawmakers call for debt moratorium amid virus fight 23-03-2020 18:31 Ecuador’s Congress called on the government to suspend debt payments to free up cash to deal with the coronavirus pandemic, sending the nation’s bonds deeper into distressed territory.
Debt restructuring Argentina pushes forward 311 billion pesos with latest swap 20-03-2020 18:37 Alberto Fernández administration managed to swap a debt of 311 billion pesos, reducing short-term domestic obligations while renegotiating the foreign debt with creditors.
Bloomberg US$100 billion of debt from emerging-markets is now distressed 19-03-2020 18:47 The bonds of emerging-market nations are entering distressed territory at an alarming rate as the soaring dollar raises the prospect of government defaults.
Argentina's downturn Merval slumps 14% amid virus fears, country risk soars above 4,000 points 18-03-2020 18:03 As global markets take huge hits, benchmark Merval index of Buenos Aires Stock Exchange plunges more than 14 percent; Country risk rose to 4,040 points, a height not seen since June 2005.
Bloomberg France ready to nationalise as EU heavyweights take charge 17-03-2020 15:48 France is ready to use the ultimate weapon to protect its biggest companies from the market turmoil set in motion by the coronavirus: nationalisation.