By Nicolás Misculin BUENOS AIRES (Reuters) -Argentina’s largest union started a 12-hour strike on Wednesday and a major demonstration in the heart of Buenos Aires against tough economic austerity measures and reforms by new libertarian President Javier Milei. The action, hitting sectors from transportation to banks, is the biggest show of opposition to Milei’s plans […]
(Bloomberg) — Argentina’s economy posted a slight contraction in November amid a volatile runoff election that handed a victory to President Javier Milei, who warned of a long period of stagflation as he implements shock therapy to narrow the yawning deficit. Most Read from Bloomberg Economic activity in November fell 1.4% from October, according to […]
BUENOS AIRES/QUITO (Reuters) -Argentine authorities detained the wife and children of fugitive Ecuadorean drug trafficker Jose Adolfo Macias and deported them early on Friday to Ecuador, authorities said. Argentine Security Minister Patricia Bullrich told a press conference that authorities detained eight people – including other associates of Macias – who arrived in Argentina on Jan. […]
(Bloomberg) — When President Javier Milei defended the adoption of the dollar through a “free competition of currencies” in Argentina, few foresaw a brand new legal tender coming out of the middle of the country. Most Read from Bloomberg The legislature of La Rioja, a small landlocked province known for its olives, approved the creation […]
Pope Francis said Sunday that if he can, he’ll visit his native Argentina in the latter part of 2024, a trip that would see him there for the first time in his nearly 11-year-old papacy and while his fellow Argentines are suffering economically. Francis hasn’t been back to his homeland since he was elected pope […]
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 Thursday, propeling the embattled South American country’s year rise in prices above Venezuela for the first time in decades. Argentina’s monthly inflation also hit 25.5% in December, below forecasts, after […]
Economy & Policy International Trader By Craig Mellow Jan 11, 2024, 12:33 pm EST Share Reprints Goodbye shock therapy. Hello, chain saw austerity. Continue reading this article with a Barron’s subscription. View Options
BUENOS AIRES, Argentina (AP) — Authorities in Argentina have arrested three men, including a Syrian national, in Buenos Aires and surrounding areas on suspicion of being part of a terror cell, the government announced Wednesday. Security Minister Patricia Bullrich did not disclose the identity of the men — who were detained over the weekend — […]
(Bloomberg) — Argentine President Javier Milei suffered his first judicial setback after the country’s national labor appeals court suspended a key portion of his emergency decree aimed at overhauling South America’s second-biggest economy. Most Read from Bloomberg The court announced an injunction Wednesday that suspends labor reforms included in Milei’s wide-ranging emergency decree from Dec. […]
BUENOS AIRES (AP) — Argentina formally announced Friday that it won’t join the BRICS bloc of developing economies, the latest in a dramatic shift in foreign and economic policy by Argentina’s new far-right populist President Javier Milei. In a letter addressed to the leaders of Brazil, Russia, India, China and South Africa — all members […]
Argentina formally announced on Friday that it will not join the Brics bloc of developing economies, the latest in a dramatic shift in foreign and economic policy by Argentina’s new far-right populist President Javier Milei. In a letter addressed to the leaders of Brazil, Russia, India, China and South Africa — all members of the […]
(Bloomberg) — Argentine President Javier Milei is seeking to extinguish decades of government intervention in the nation’s oil industry by unshackling crude exports and leaving local fuel prices at the whim of market forces. Most Read from Bloomberg Milei included such measures in sweeping legislation he sent to congress on Wednesday, the latest move since […]