News of world economy

In Argentina, Trump tests whether money, not force, can win over Latin America

Today 11:09 Argentina holds clues about how successful US President Donald Trump's so-called “Donroe Doctrine” may ultimately be.

EU-MERCOSUR TRADE DEAL

EU-Mercosur deal: How Europe and Brazil differ on pesticides

Today 09:48 Sweeping free-trade agreement, set to be signed on Saturday, reignites debate over pesticides banned for European farmers but widely used in Latin America.

ECONOMIC OUTLOOK

World Bank trims Argentina’s 2026 GDP forecast to 4%

13-01-2026 21:09 Multilateral lender attributes slower growth prediction to domestic political uncertainty during the electoral period.

Analysing Argentina

Venezuela: Is Milei on the right or the wrong side of history?

10-01-2026 06:51 A Venezuelan comeback, especially if it entails large investments in rebuilding infrastructure, would be a direct regional competitor for Vaca Muerta, a development that has improved its production efficiency but still needs to streamline costs.

by Marcelo J. García

EU-MERCOSUR TRADE DEAL

EU nations back Mercosur trade deal over French opposition

09-01-2026 09:41 Majority of European Union countries back trade deal with regional Mercosur bloc, paving the way for trade deal's signing in Paraguay next week.

EU-MERCOSUR TRADE DEAL

EU-Mercosur deal wins approval after overcoming French opposition

09-01-2026 09:37 Majority of the European Union's 27 nations backed the pact at an ambassadors' meeting in Brussels.

Foreign relations & diplomacy

Milei praises Trump but says he won’t break trade links with China

08-01-2026 00:36 Argentina’s President Javier Milei said that there is "global reordering" taking place – and that his government has already stated which side it’s backing.

INVESTMENT & GEOPOLITICS

Chinese investment in Argentina tops US$23 billion, defying Milei’s alignment with Trump

26-11-2025 15:04 An X-ray of the Asian country’s investments in Argentina. Beijing not only financed but also constructed and purchased assets in the sectors which today are the motor of Argentina’s recovery, from Vaca Muerta shale to lithium in the north.

by Eugenia Muzio

Foreign policy & diplomacy

US warns South Africa not to issue G20 statement at summit

19-11-2025 16:47 Argentina, a close ally of the US, has pushed back on references to both climate finance and global climate accords, according to government sources.

FOREIGN RELATIONS

Milei weighing up trip to United States for trade deal signing

15-11-2025 09:33 If confirmed, the trip would be the President’s 15th visit to that country since taking office in December 2025.

ANALYSING ARGENTINA

Mamdani, Milei, Trump and Perón

08-11-2025 06:44 The voracity for US dollars will sooner rather than later force Milei to seek another bailout, so he should wish that the Mamdani threat stays only at that and that Trump remains mighty for the foreseeable future.

by Marcelo J. García

WASHINGTON DELIGHT

Trump showers Milei with praise after clear midterms victory

27-10-2025 09:37 US President Donald Trump on Monday congratulated Javier Milei on his party's clear victory in midterm elections.

MIDTERM RESULTS: REACTION

Trump hails Milei’s Argentina win, says US made ‘lot of money’

27-10-2025 09:25 Donald Trump offfers congratulations to Argentina's Javier Milei, tell reporters that libertarian's "big win" is sign Washington backed the right candidate.

ELECTIONS 2025

Make or break for Milei as nation votes in key midterm election

26-10-2025 00:01 Argentines will vote to renew half the 257-member Chamber of Deputies and a third of 72 senators; Peronism has around half of its seats up for renewal, while the ruling party’s alliance with PRO risks around 30%.

AGRICULTURE & LIVESTOCK

Trump Argentina beef plan risks rancher ire, little price relief

20-10-2025 17:29 Donald Trump vowed to boost beef imports from Argentina, but this may bring little relief to consumers – and risk angering US ranchers.

CURRENCY WOES

Peso drops against dollar amid fresh US backing

17-10-2025 18:42 Argentina's peso has been fluctuating wildly ahead of next week's midterm elections next week, disrupting the savings and spending plans of locals who fear an imminent devaluation.

BILATERAL TRADE TALKS

‘Very soon’ – Argentina’s ambassador to Washington on US trade deal

16-10-2025 15:12 Alec Oxenford confirms trade agreement between Argentina and the United States; Milei’s envoy says “significant” accord is “culmination of months of intense diplomatic effort” and could be announced “very soon.”

POLITICS & ECONOMY

US$20bn currency swap could be agreed before midterms, says Bausili

16-10-2025 01:31 Economy Minister Luis Caputo and Central Bank chief Santiago Bausili say landmark currency swap deal with Trump administration could be sealed before the October 26 midterms

by Santiago del Carril

MARKETS

Argentine assets swing on reports Bessent lining up more aid

15-10-2025 22:19 Markets react to news that US Treasury Secretary Scott Bessent is working on an additional US$20-billion facility from the private sector that would complement a currency swap line of similar size.

FINANCIAL ASSISTANCE

Bessent: US working on new US$20-billion private-sector 'facility' for Argentina

15-10-2025 14:48 US Treasury Secretary Scott Bessent says he is working with private sector on another US$20-billion "facility" to support Argentina, bringing Washington's total promised assistance to US$40 billion.

POLITICS & ECONOMY

Trump says ‘we’re gone’ if Milei loses vote, rattling market

14-10-2025 22:17 Donald Trump suggests US$20-billion lifeline for Argentina could be contingent on Javier Milei’s success in midterm elections, sending fresh jitters through currency market.

WHITE HOUSE TALKS

'If he loses, we are not going to be generous' – Trump says support is conditional

14-10-2025 22:09 "The situation is very clear: if the country strays from the path of freedom and returns to populism, the United States will stop supporting our country," warns President Milei in social media post.

GEOPOLITICS & DIPLOMACY

Trump says he’d be ‘very upset’ by Chinese military in Argentina

14-10-2025 21:58 Trump’s comments about Chinese activity in Argentina come as President Javier Milei visits the White House.

MILEI AT WHITE HOUSE

US President says he’ll discuss trade deal with Milei, defends lifeline

14-10-2025 16:04 US President Donald Trump says he will discuss a potential free-trade agreement with Argentina during White House talks with President Javier Milei.

US-ARGENTINA RELATIONS

Milei at White House: Trump says US help is dependent on win in midterms

14-10-2025 15:21 Argentina's president makes long-desired visit to White House, but US President Trump says Washington's help is dependent on who wins elections.

ECONOMIC OUTLOOK

IMF backs Argentina growth outlook as others trim forecasts

13-10-2025 15:54 International Monetary Fund retains projection of 5.5% increase in GDP this year; World Bank, OECD and FocusEconomics warn of slower growth, peso weakness despite early signs of stabilisation.

GEOPOLITICAL ROW

China accuses US of bullying after Bessent’s Argentina comments

12-10-2025 09:05 Beijing's Embassy in Buenos Aires accuses Washington of Cold War-era intervention in Latin America after US Treasury Secretary Scott Bessent suggests President Milei is “committed to getting China out.”

Analysis

Investment or political marketing? Analysing OpenAI’s Argentina announcement

11-10-2025 09:36 Announcement by President Javier Mileil’s government of plans to create a mega AI data centre in Patagonia raises questions about its feasibility and geopolitical aims.

TECH & INVESTMENT

OpenAI, Sur Energy to build massive AI data centre in Patagonia

10-10-2025 16:07 US tech firm OpenAI and Argentine firm Sur Energy sign letter of intent for US$25-billion investment in artificial intelligence; Companies plan joint venture to develop Stargate Argentina, a massive AI infrastructure project that will include a data centre in Patagonia.

ANALYSIS

Bessent’s big gamble on Argentina has a narrow road to pay off

10-10-2025 10:01 For Scott Bessent’s US$20-billion bet on Argentina to pay off, a lot of things have to go right.

ECONOMIC OUTLOOK

World Bank trims Argentina’s growth forecast to 4.6%

07-10-2025 13:37 Argentina’s economy will grow by 4.6 percent in 2025, predicts World Bank economists – above domestic projections; World Bank slightly raises growth forecast for wider Latin America region.

TRUMP’S TRADE WAR

Brazil's Lula asks Trump to remove tariffs in 'friendly' phone call

06-10-2025 19:05 Two leaders share "friendly" 30-minute call in first talks since trade war row in part spurred by conviction of ex-president Bolsonaro.

Geopolitics & finance

Bessent’s Argentina rescue pledge put to test by traders attacking peso

03-10-2025 16:58 US Treasury Secretary Scott Bessent’s record as a powerful pacifier of unruly markets is now being put to the test in Argentina.

FOREIGN POLICY

US Treasury chief issues second message of support for Milei's Argentina

02-10-2025 12:03 US Treasury Secretary Scott Bessent says Washington is "fully prepared to do what is necessary" in support of Milei as he confirms Argentina is key to “maintaining a US strategic interest in the Western Hemisphere.”

POLITICS – ANALYSIS

Milei: From rockstar to beggar

27-09-2025 06:05 Milei has gone from international political rockstar to beggar in less than two years, following a similar trajectory to Mauricio Macri – only that the latter got bailed out after winning the midterm elections.

by Agustino Fontevecchia

ANALYSIS

Milei’s bet on Trump pays off at critical moment for Argentina

26-09-2025 22:58 The years Javier Milei spent courting Donald Trump are paying off at a critical moment.

INTERNATIONAL RELATIONS

US Treasury Secretary lauds Milei at midtown gala

25-09-2025 09:03 US Treasury secretary heaps praise on President, claiming he has “laid the foundation for a new golden age in Argentina.”

MULTILATERAL MEETS FOR MILEI

IMF chief: Argentina ‘is moving in the right direction’

24-09-2025 18:51 IMF chief Kristalina Georgieva heaps praise on President as World Bank and Inter-American Development Bank vows assistance.

US-ARGENTINA RELATIONS

Trump backs Milei, downplays need for 'bailout' in Argentina

23-09-2025 15:10 White House official says a financial announcement on Argentina will be coming later Tuesday.

US-ARGENTINA RELATIONS

Trump says Argentina does not 'need' bailout at Milei meeting

23-09-2025 14:09 US President Donald Trump declared Tuesday that he doesn't think Argentina needs a bailout as he met with President Javier Milei in New York.

ECONOMIC OUTLOOK

OECD lowers Argentina’s growth estimate, raises inflation forecast

23-09-2025 12:42 Argentina’s economy will grow 4.3%, with inflation of 39.8%, according to OECD; Body declines in consumption and exports, as well as industry and construction.

EU-MERCOSUR TRADE DEAL

Farmers call Paris protest against EU-Mercosur deal

23-09-2025 11:50 French farmers union to stage massive protest next month in rejection of the EU-Mercosur trade deal.

US-ARGENTINA SUPPORT

US senator questions Bessent on Argentina ‘bailout’ as Milei waits

23-09-2025 09:38 Democratic Senator Elizabeth Warren seeks more information about the Trump administration’s "bailout” of Argentina’s economy.

POLITICS & ECONOMY

Milei, asked about US Treasury talks, says negotiations advanced

20-09-2025 09:24 Financial support from Washington would provide relief to policymakers who are trying to reassure investors that Milei can sustain his austerity push after October’s midterm elections.

MERCOSUR-EFTA AGREEMENT

Mercosur and EFTA sign free-trade deal in Rio de Janeiro

16-09-2025 18:42 Deal creates a market of 300 million people and covers some US$4 trillion in GDP; Brazil brands it a “clear signal” against US protectionism led by Trump.

WORLD ECONOMY

BRICS leaders denounce protectionism, tariff 'blackmail'

08-09-2025 14:40 Several BRICS members are among those most affected by what Lula referred to Monday as "tariff blackmail" and "unjustified and illegal" trade practices.

EU-MERCOSUR TRADE DEAL

EU to present Mercosur trade deal for member state approval

01-09-2025 13:40 Deal is backed by a wide majority of EU countries keen to diversify trade away from the United States, but France remains staunchly opposed.