News of markets

Argentina’s peso mess is delivering windfall profits to brokers

14-04-2021 15:12 In Argentina, financial markets are all but dead. From stocks to bonds to traditional foreign-exchange venues, trading volumes are razor thin. Except, that is, in one unusual corner.

Congress approves ‘ganancias’ reform, raising income tax floor

10-04-2021 09:06 Income tax bill exempts almost 1.3 million taxpayers from qualification; Companies also set to benefit from similar reform.

Wine sales boosted by pandemic, but vineyards remain wary

03-04-2021 08:02 The coronavirus pandemic has, for the most part, been good for Argentine wine. But vineyards in Mendoza Province are far from celebrating.

Niall Ferguson: ‘It's silly for the left to claim that austerity is conservative’

03-04-2021 07:49 Scottish historian, professor and brilliant polemicist Niall Ferguson on the coronavirus pandemic, the global economic outlook and the causes of Argentina’s economic failure.

by Jorge Fontevecchia

Thirty years on since its founding, Mercosur faces uncertain future

27-03-2021 07:17 Regional bloc celebrates its 30th birthday weakened by differences, with its partners unprepared for post-pandemic world.

What we learned this week: March 6th to 13th

13-03-2021 09:16 A selection of stories that caught our eye over the last seven days in Argentina.

by Michael Soltys

Benjamin Cohen: ‘Dollar will not be challenged by yuan for at least a decade’

06-03-2021 08:22 Benjamin Cohen, one of the founding fathers of International Political Economy (IPE), analyses the monetary aspect of the dispute between the United States and China, while detailing why he describes Argentina “is one of the saddest cases in economic history.”

by Leandro Dario

What we learn this week: February 20-27

27-02-2021 08:53 Our pick of the stories that caught our eye over the last seven days in Argentina.

Suicide pacts are also consensus

13-02-2021 09:14 Consensus might sometimes push the right buttons but there is no guarantee and it is not a virtue in itself.

by Michael Soltys

Here we go again

13-02-2021 08:47 Meaningful reform will remain on the backburner until the votes have been counted.

by James Neilson

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.

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.

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.

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.

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.

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.

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.

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.

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...

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