Poverty in Argentina hits 20-year high at 57.4%, study says
BUENOS AIRES (Reuters) – Poverty levels in Argentina hit 57.4% in January, the highest in at least 20 years, according to a report by the … Read more
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Argentina can appeal in hedge funds’ lawsuit over GDP-linked securities
LONDON (Reuters) – Argentina has been given permission to appeal after losing a London lawsuit brought by four hedge funds over euro-denominated securities which left … Read more
‘No obstacle’ to Argentina mega reform bill in Congress, government says
By Walter Bianchi BUENOS AIRES (Reuters) – Argentina’s government said on Tuesday that it was confident its sprawling economic reform bill, known as the “omnibus … Read more
IMF slashes 2024 Argentina GDP growth forecast, weighs on regional view
NEW YORK (Reuters) – The International Monetary Fund slashed its 2024 economic growth projection for Argentina to a 2.8% contraction from a 2.8% expansion, dimming … Read more
Exclusive-IMF, Argentina to defer final $44 billion loan review to November
By Jorgelina do Rosario LONDON (Reuters) – The International Monetary Fund will allow Argentina to defer the last review of its $44 billion loan by … Read more
Milei’s Argentina ‘omnibus’ bill faces gauntlet after clearing first hurdle
By Adam Jourdan BUENOS AIRES (Reuters) – Argentine President Javier Milei’s “omnibus” bill, a sprawling reform package ranging from tax hikes to privatizations, has cleared … Read more
Argentina inflation, widening FX gap revive devaluation chatter
By Jorge Otaola BUENOS AIRES (Reuters) – Argentina’s 211% inflation rate and the return to a widening gap between official and parallel exchange rates is … Read more
Argentina takes unwelcome Latin America inflation crown from Venezuela
By Lucinda Elliott MONTEVIDEO (Reuters) – Argentina has taken the unwelcome regional inflation crown from Venezuela, becoming the Latin American country with the highest inflation … Read more
Argentina annual inflation tops 211%, highest since early 90s
By Hernan Nessi BUENOS AIRES (Reuters) – Argentina’s annual inflation rate ended 2023 at 211.4%, the highest since the early 1990s, official data showed on … Read more
Argentina monthly inflation seen at highest since 1990 in December
By Hernan Nessi BUENOS AIRES (Reuters) – Argentina’s monthly inflation rate likely soared to 28% in December, which would be the highest since early 1990, … Read more
Argentina government talks peso debt risk with banks as repayments loom
BUENOS AIRES (Reuters) – Argentina’s Economy Minister Luis Caputo discussed with representatives of banks the country’s economic program, including liability management, but no official debt … Read more
Argentina places $3.7 billion in first peso debt auction under Milei
BUENOS AIRES (Reuters) – Argentina’s government placed 2.96 trillion pesos ($3.7 billion) at a debt auction on Wednesday, according to an economy ministry statement, coming … Read more
US charges alleged Hezbollah member over 1994 Argentina bombing
NEW YORK (Reuters) -A U.S. court on Wednesday unsealed an indictment charging an alleged senior Hezbollah operative with terrorism charges, in part for coordinating a … Read more
Storm claims more lives in Argentina and Uruguay, bringing death toll to 16
(Reuters) – The death toll from a severe electrical storm that struck Argentina over the weekend has risen to 16 people in Argentina and the … Read more
Analysis-Milei’s mission improbable for Argentina has investors daring to dream
By Marc Jones LONDON (Reuters) – Getting Argentina’s economy firing again might look like mission impossible, yet some long-suffering investors are daring to dream its … Read more
Top US official Pyle visits Argentina, discusses economy and private investment
By Kanishka Singh WASHINGTON (Reuters) – A top U.S. official from the National Security Council met senior members of the administration of Argentine President Javier … Read more
Argentina inflation tops 160% spotlighting challenge for Milei
By Hernan Nessi and Lucila Sigal BUENOS AIRES (Reuters) – Argentina’s annual inflation rate hit 161% in November, faster than expected and the highest monthly … Read more
Argentina devalues peso, cuts spending in economic shock therapy
(Reuters) – Argentina will weaken its peso by more than 50% to 800 per dollar, cut energy subsidies and cancel public works tenders as part … Read more
US Treasury, White House top brass signal Argentina support with early visits – sources
By Jorgelina do Rosario and Andrea Shalal BUENOS AIRES/WASHINGTON (Reuters) – Senior U.S. officials from the National Security Council and the Treasury will visit Argentina … Read more
Argentina new central bank chief to meet banks on Wednesday – sources
By Jorgelina do Rosario BUENOS AIRES (Reuters) – Argentina’s new central bank president Santiago Bausili has invited bank representatives in the country for a meeting … Read more
Argentina monthly inflation set to spike to 12% as Milei era begins
By Hernan Nessi BUENOS AIRES (Reuters) – Argentina’s consumer prices likely spiked around 12% in November alone, a Reuters poll of analysts showed on Monday, … Read more
Argentina govt to lay out economic measures on Tuesday
BUENOS AIRES (Reuters) – Argentina’s new government will lay out its economic measures on Tuesday, presidential spokesman Manuel Adorni said Monday, after radical libertarian Javier … Read more
Nicaragua recalls ambassador to Argentina after Milei criticism
(Reuters) -Nicaragua on Monday recalled its ambassador to Argentina ahead of the inauguration of radical right-wing libertarian Javier Milei as the South American country’s next … Read more
EU-Mercosur deal’s future up to new Argentina government -sources
By Anthony Boadle BRASILIA (Reuters) – The European Union and Mercosur will not be able to close their free trade negotiations next week because Argentina’s … Read more
Trump unlikely to attend Milei inauguration in Argentina -source
(Reuters) – The December inauguration of Argentina’s President-elect Javier Milei will likely not count former U.S. President Donald Trump among the attendees, a person familiar … Read more
In Quito and Harare, advice and warnings about dollarization for Argentina
By Tito Correa, Nyasha Chingono and Miguel Lo Bianco QUITO/HARARE/BUENOS AIRES (Reuters) – From Zimbabwe’s capital Harare to Quito in Ecuador, green bills circulating on … Read more
Argentina will not face $16.1 billion YPF judgment in US while it appeals
By Jonathan Stempel NEW YORK (Reuters) – Argentina persuaded a U.S. judge not to enforce a $16.1 billion judgment arising from the government’s 2012 seizure … Read more
Argentina President-elect Milei meets outgoing Fernandez after election win
BUENOS AIRES (Reuters) – Argentinian President-elect Javier Milei arrived on Tuesday morning at the presidential residence in the suburbs of Buenos Aires to meet outgoing … Read more
IMF, China ready to work with new Argentina leader Milei
LONDON (Reuters) – Kristalina Georgieva, head of the International Monetary Fund, and a spokesperson for China’s foreign ministry said on Monday they were ready to … Read more
Populist Javier Milei Wins Argentina Presidential Election
Populist Javier Milei Wins Argentina Presidential Election Jake Smith on November 19, 2023 Libertarian candidate Javier Milei secured victory in the Argentinian presidential election on … Read more
In Argentina, three generations of a Peronist family weigh their vote
By Lucinda Elliott and Horacio Cordoba RIO GALLEGOS, Argentina (Reuters) – Catalina Cepernic’s great-grandfather Jorge, a sheep-farm owner in Argentina’s windswept Patagonia, was the first … Read more
Argentina on a knife-edge as presidential election offers clashing visions of the future
By Adam Jourdan and Horacio Soria BUENOS AIRES (Reuters) – Argentine voters are angry and afraid. Which is stronger will tip the balance of the … Read more
Argentina restarts ‘crawling peg’ to let currency weaken for first time since August
By Walter Bianchi and Jorge Otaola BUENOS AIRES (Reuters) – Argentina’s central bank allowed the peso to weaken slightly on Wednesday to 353 per dollar, … Read more
Argentina needs president who backs democracy, Mercosur -Brazil’s Lula
SAO PAULO (Reuters) – Argentines should choose a president who likes democracy and the Mercosur trading bloc, Brazilian President Luiz Inacio Lula da Silva said … Read more
Argentina 2023 inflation seen at 185% -cenbank poll
BUENOS AIRES (Reuters) – Analysts polled by Argentina’s central bank raised their estimate for annual inflation for this year to 185.0%, the bank said on … Read more
Argentina retail prices seen slipping under double digits in October
By Hernan Nessi BUENOS AIRES (Reuters) – Argentina’s consumer prices likely rose by less than double digits in October, a Reuters poll showed on Friday, … Read more
Exclusive-Inside IMF, stance hardens on Argentina as $44 billion deal skids off track
By Jorgelina do Rosario LONDON (Reuters) – The International Monetary Fund has hardened its view on how Argentina is running a $44 billion loan programme … Read more
Argentina central bank to keep powder dry for now after election surprise -sources
By Jorge Otaola BUENOS AIRES (Reuters) – Argentina’s central bank is planning to hold fire for now on any major policy adjustments after a shock … Read more
Analysis-Dollarization, devaluation, debt: potential traps for Argentina investors
By Rodrigo Campos NEW YORK (Reuters) – Argentines will on Sunday move a step closer to deciding who will run the $600 billion economy engulfed … Read more
Argentina gov’t moves to calm FX market, pledges no post-election devaluation
By Jorge Otaola BUENOS AIRES (Reuters) – Argentina’s government intervened in the foreign exchange market on Thursday to tamp down volatility ahead of the country’s … Read more
Argentina election race close with Milei in the lead, pollsters say
BUENOS AIRES (Reuters) – Far-right libertarian Javier Milei is leading the polls ahead of Argentina’s Oct. 22 presidential vote, but it remains a tight race … Read more
Argentina central bank to weigh rate hike at Thursday meeting -source
By Eliana Raszewski BUENOS AIRES (Reuters) – Argentina’s central bank board will discuss the possibility of hiking the benchmark interest rate from its current 118% … Read more
Brazil auto exports to plunge this year as Argentina crisis hits hard
By Alberto Alerigi SAO PAULO (Reuters) – Brazilian auto exports are set to plunge by double digits in 2023 when compared with the previous year, … Read more
Argentina Inc doesn’t want dollarization, business leaders say
By Jorge Otaola MAR DEL PLATA, Argentina (Reuters) – Corporate Argentina is strongly against full dollarization of the economy, one of the key proposals of … Read more
Argentina presidential candidates trade barbs in first debate
By Walter Bianchi BUENOS AIRES (Reuters) – The main candidates for Argentina’s presidency clashed in the first debate of the campaign on Sunday, trading barbs … Read more
IMF says Argentina spending splurge sharpens economic challenge
By Rodrigo Campos NEW YORK (Reuters) – The International Monetary Fund said on Thursday recent policy moves by Argentina’s government, including wide-ranging tax breaks for … Read more
Argentina poverty rate rises to 40.1% in first half of 2023
BUENOS AIRES (Reuters) – Argentina’s poverty rate rose to 40.1% in the first half of 2023, the government’s INDEC statistics agency said on Wednesday, up … Read more
Argentina allows oil sector to tap better exchange rate as election looms
By Walter Bianchi and Eliana Raszewski BUENOS AIRES (Reuters) – Argentina will allow its oil sector to tap a much more favorable exchange rate for … Read more
Argentina wheat sales stall as farmers wait for election, rains
By Maximilian Heath BUENOS AIRES (Reuters) – Argentina’s sales of the upcoming wheat crop are the slowest in seven years, delayed by farmers waiting for … Read more
A tale of two central banks as Uruguay rises and Argentina slides
By Lucinda Elliott MONTEVIDEO (Reuters) – Diego Labat, Uruguay’s central bank chief, is sitting pretty. Inflation is at the lowest level in nearly two decades, … Read more