Headline figures from Milei government’s 2025 Budget
Sep 16, 2024 · The headline figures from the Milei government’s 2025 Budget. Argentina’s Economy Ministry publishes its forecasts for the coming year: 5% growth, 1,207 pesos a dollar and 18.3% inflation.
President Milei to attend first Mercosur Summit in Montevideo
Nov 26, 2024 · Argentina’s President Javier Milei to attend first Mercosur summit in Montevideo. After his absence in Asunción, President Javier Milei is set to attend his first Mercosur summit in Montevideo next week; talks will focus on the long-stalled EU free trade deal, though Argentina's leader is expected to criticise the bloc's functioning.
Argentina ETF sees record inflows as traders buy Milei’s efforts
Nov 25, 2024 · An exchange-traded fund tracking Argentine stocks saw record inflows as Wall Street embraces President Javier Milei’s efforts to quell inflation and reverse years of endemic budget deficits. The Global X MSCI Argentina ETF, known by its ticker ARGT, absorbed US$144 million of inflows for the week ...
Milei confirms his ‘chainsaw’ will keep running next year
Nov 27, 2024 · President Javier Milei has declared that he will continue public spending cuts this year, with Argentina seeing a continuation of his "chainsaw" approach to government outflows. Milei, 53, has significantly downsized the state since taking office, ending the contracts of more than 30,000 state ...
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Central Bank lowers benchmark rate to 35% from 40%
Nov 1, 2024 · The monetary authority cut borrowing costs to 35 percent from 40 percent, according to a press release sent via text message. The decision is based on the country’s liquidity context, the lowering of inflation expectations and the …
Argentina moves to deepen soy waterway to ship bigger cargoes
Nov 20, 2024 · The international tender for a 30-year licence includes a key provision to deepen the navigation channel in the Paraná River, which will allow exporters to load bigger cargoes at the port complex that circles the city of Rosario.
From ‘assassins’ to ally? Milei caps turnaround by meeting China's Xi
Nov 19, 2024 · Milei, 53, published a photograph of the encounter on his social media accounts showing the two leaders shaking heads. “During this meeting, issues of relevance to the bilateral relationship were discussed, including constructive cooperation and the expansion of trade relations between the two countries,” read a statement issued by Argentina’s Presidency.
Bunge’s rescue of huge soy supplier rests with Argentine court
Sep 25, 2024 · Bunge’s rescue of huge soy supplier rests with Argentine court. A top court in Argentina is set to decide whether crop giants Bunge Global and Viterra will be allowed to take over Vicentin, the company that was once the crown jewel of the country’s massive soybean-processing industry.
Argentina dodges FATF money-laundering ‘grey list’
Oct 24, 2024 · In a boost for President Javier Milei’s government, the Financial Action Task Force (FATF, GAFI in its Spanish acronym) money-laundering watchdog has announced that Argentina will not be placed on its “grey list” of jurisdictions that need increased monitoring.