Long last single digits
Widespread expectations of single-digit inflation for the first time in six months were met when INDEC statistics bureau posted 8.8 percent inflation for April . Annual inflation is now running …
Argentina to Silicon Valley
President Javier Milei will pitch investing in Argentina to Apple Inc, Alphabet Inc and Meta Platforms Inc In California, building on an unprecedented wave of international recognition in a bid …
Prioritizing ‘political dialogue’
Argentina’s new Cabinet Chief Guillermo Francos vowed to bring his political expertise to bear on negotiations for economic reform, conceding that diplomacy is not his boss’ forte. The previous evening, …
Oil drillers’ rally
Miguel Galuccio knows shale. He was a founder of Argentina’s burgeoning boom, leading the first incursions into its heralded oil and gas field known as Vaca Muerta, or dead cow. …
Chill & dream of snow
Despite a week of bracingly low temperatures, thermometers in Buenos Aires are still not rising. And with weather experts warning May 25 as the coldest day of the year, porteños …
Copper frenzy
Global mining heavyweights including Lundin Mining Corp, Glencore Plc and First Quantum Minerals Ltd are piling into Argentina as a new government intent on luring foreign investment propels the companies …
Dollarisation blueprint
President Javier Milei reaffirmed his campaign promise to dollarise Argentina in the clearest articulation yet of his government’s economic blueprint. Milei said that after clearing the Central Bank’s balance sheet …
Inking Funds
The technical staff of the International Monetary Fund (IMF) approved in May the 8th review of its US$44-billion stand-by agreement with Argentina, also clearing the remittance of US$800 million to …
5-digit banknotes
The new 10,000-peso banknote carrying the portraits of Independence protagonists Manuel Belgrano and María Remedios del Valle began to circulate on early May, but the 20,000-peso banknotes bearing the image …
Caputo on the move
Economy Minister, Luis Caputo, made two surprise moves in his war on inflation – knocking the floor out of interest rates to bring down prices to approximately 80 percent and …
Final details
Geopark, one of Latin America’s leading independent oil companies, announced the negotiation of the final details of a deal to acquire a stake in an unconventional project in Vaca Muerta. …
Chinese base
President Javier Milei’s government is closely following the presence of the Chinese officials and soldiers at the Asian giant’s misterious space station in Neuquén Province, and plans to move forward …
Impressive progress
The International Monetary Fund has hailed the “impressive” progress made by President Javier Milei since taking office, despite Argentina’s ongoing economic woes. The remark, delivered by an IMF spokesperson at …
Water everywhere
Violent thunderstorms and torrential downpours were the story of the third week of March, especially of Tuesday, March 12, when more rain (125 milimetres) fell than the average total for …
Milei to meet Elon Musk
After months of online flattery and praise, President Javier Milei will finally met with billionaire businessman Elon Musk in the United States. Milei, 53, has flown to Miami late Wednesday …
Andes Project
Banco Santander officially opened the sale and assignment process of 55 conventional areas operated by YPF in six oil provinces: Chubut, Santa Cruz, Neuquén, Mendoza, Río Negro and Tierra del …
Rate cut
Argentina’s Central Bank unexpectedly cut its benchmark interest rate to 80 percent from 100 percent, as policymakers see monthly inflation cooling while the peso continues to strenghten against the US …
Scaled-back “Omnibus” reform bill
Government circulates new text of sweeping reform bill – now slashed by half to 269 articles – to regional power-borkers in bid to win support before it heads to Congress, …
HSBC sells Argentina division
Global bank HSBC has agreed to sell its Argentina division to financial services company Grupo Financiero Galicia for US$550 million as it focuses on core Asia operations. The final price …
YPF investment
Horacio Marín, CEO and president of YPF, announced during the presentation of the 2023 annual results how the new strategic plan of the oil company will be for the next …