(Bloomberg) — Four months into office, Argentine President Javier Milei has pulled off a critical feat in a country long ravaged by runaway inflation: He stabilized the currency. Most Read from Bloomberg The peso has, in fact, not only stopped plunging day after day but in one key foreign-exchange market — there are many of […]
By Jorge Otaola BUENOS AIRES (Reuters) – Argentina’s libertarian President Javier Milei is revving up his attack on the country’s deep fiscal deficit, doubling down on “chainsaw” spending cuts and “blender” austerity that squeezes purchasing power – and he hopes brings down rampant inflation. The embattled country, facing drained central bank reserves and annual inflation […]
Javier Milei won elections last November vowing to reduce Argentina’s deficit to zero (Juan Mabromata) Argentina’s spending-slashing new President Javier Milei has hailed his country’s first quarterly budget surplus since 2008 as an “historic achievement.” In the first quarter of 2024, the South American country recorded a budget surplus of about 275 billion pesos (some […]
BUENOS AIRES, Argentina (AP) — Argentina formally requested on Thursday to join NATO as a global partner, a status that would clear the way for greater political and security cooperation at a time when the right-wing government of President Javier Milei aims to boost ties with Western powers and attract investment. The request came as […]
Argentina formally requested to join NATO on Thursday as a global partner, a status that would facilitate greater political and security cooperation. President Javier Milei’s right-wing government aims to boost ties with Western powers and attract investment. The request came as Nato’s deputy general secretary Mircea Geoana discussed regional security challenges with Argentine defence minister […]
(Bloomberg) — Argentina’s President Javier Milei has extended an olive branch to Brazil’s Luiz Inacio Lula da Silva, whom he has repeatedly called a “communist,” by proposing an encounter to thaw high-level relations between the neighboring countries. Most Read from Bloomberg On a trip to Brasilia and Sao Paulo this week, Foreign Minister Diana Mondino […]
BUENOS AIRES, April 10 (Reuters) – Argentina’s government has circulated a pared back version of its sprawling omnibus reform bill to lawmakers and governors after Congress rejected it earlier this year, a spokesperson for President Javier Milei said on Wednesday. The bill, which includes plans to privatize state entities and measures to allow reductions in […]
BUENOS AIRES (Reuters) – Argentina’s government has circulated a pared back version of its sprawling omnibus reform bill to lawmakers and governors after Congress rejected it earlier this year, a spokesperson for President Javier Milei said on Wednesday. The bill, which includes plans to privatize state entities and measures to allow reductions in state subsidies, […]
(Bloomberg) — President Javier Milei circulated a new, scaled-back version of his sweeping reform bill to Argentine lawmakers, in his clearest tilt toward political pragmatism since taking power. Most Read from Bloomberg The draft floated late Tuesday splits Milei’s plan in parts before he resubmits it to Congress as early as next week. Since Milei’s […]
BUENOS AIRES, Argentina (AP) — Argentina said Wednesday that it had cut 15,000 state jobs as part of President Javier Milei’s aggressive campaign to slash spending, the latest in a series of painful economic measures that have put the libertarian government on a collision course with angry protesters and powerful trade unions. Presidential spokesperson Manuel […]
BUENOS AIRES, Argentina (AP) — Argentina said Wednesday that it had cut 15,000 state jobs as part of President Javier Milei’s aggressive campaign to slash spending, the latest in a series of painful economic measures that have put the libertarian government on a collision course with angry protestors and powerful trade unions. Presidential Spokesperson Manuel […]
(Bloomberg) — Colombia’s government expelled Argentine Embassy officials after President Javier Milei labeled Colombian counterpart Gustavo Petro a terrorist, assassin and communist in a TV interview. Most Read from Bloomberg “The expressions of the Argentine president have deteriorated the trust of our nation, in addition to offending the dignity of President Petro, who was elected […]