In a 2024 that has so far been positive overall for an area with a GDP of over 5.500 billion dollars, Brazil is missing out, becoming the second country with the highest interest rates in the world, and Mexico, which is in a diplomatic crisis with…
Milei has implemented several strategies to convince Cattaneo to stay in Argentina, focusing on the new opportunities of the reforms and on the commitment to stabilize the energy market.
The cost of living in and around Buenos Aires is notoriously high, but a research center has quantified it in relation to the minimum wage, highlighting the differences with other countries. A pair of Nikes can cost 70% of an income…
The Milei cure is reviving the macroeconomic parameters, but the daily life of Argentinians is still very complicated between inflation, unemployment and stagnant wages: to cope with the collapse in consumption, the Diarco supermarket chain has launched its own exchange
Beef, which is religion in the South American country, has become a luxury good with the "Milei cure". And exports aren't benefiting either, given that production in 2024 is down 8%
The indices of the main Latin American economies close a first half of the year in chiaroscuro: Milei promoted, the new Mexican president Claudia Sheinbaum rejected, Lula sent back
Tug of war between the Argentine government and agricultural exporters, who would like to wait for soybean prices to rise to sell an already meager harvest, which is preventing the entry of dollars into the country and slowing down President Milei's plans
These are still difficult months for Argentinians: the Milei therapy has contained inflation and brought about the first quarterly primary surplus since 2008, but purchasing power is plummeting and the dollar is at an all-time record. Many people give up…
The Argentine government has declared war on inflation, stimulating the opening of markets and the reduction of costs for businesses. A first positive step for Italian and global exports
A branch of Parliament approved the "omnibus law", after months of negotiations and corrections. Now all that remains is the Senate's approval. The text reforms the labor market, taxes, privatizations, pensions and the "super powers" of the Executive. The president rejoices "We will break the status…
In recent months the various tensions in Latin America are causing diplomatic crises between countries. The role and disputes within Celac where Latin American socialism is opposed by right-wing extremism. Here are all the episodes that led to…
April 10 marks the anniversary of the death of Oberdan Sallustro, director of Fiat in Argentina, after being kidnapped in Buenos Aires on March 21, 1972 by a commando of guerrilla fighters from the People's Revolutionary Army. The kidnapping, the pressure from…
The president who took office in December is convincing the markets thanks to the first primary surplus since 2012 and inflation that is finally slowing down. But his policy has enormous social costs: poverty rises to 57%
The recipe for reducing the deficit and healing the economy cannot ignore the reform of foreign trade policy to adapt to international standards
Turbulent start to the year on the markets of the first two economies in the area: the Merval index of Buenos Aires loses 23% after the rejection of the omnibus law, while Sao Paulo rises timidly but Vale becomes a political case
In the last two decades, Latin America, in particular Brazil but also Argentina, has reduced its dependence on the USA and has become a protagonist in the agricultural raw materials market, benefiting from Chinese demand especially for soybeans and meat. AND…
The president's new "superpowers" and the tax package also fall, with amnesties, moratoriums and new pension rules. Milei: "The caste doesn't want change"
Crossed destinies for the price lists of the two main economies in the area: Sao Paulo's Bovespa starts 2024 in the red, while Buenos Aires has been flying since Milei was elected, but it's not a good sign
The president had presented a package of 664 articles which, however, was harshly contested by the unions with a general strike and partly rejected by the justice system. The announced revolution will not take place: to pass the decree in Parliament they need…
The new president presented a 664-article reform, but the part on the labor reform, which facilitates dismissals and limits the right to strike, was suspended by the Justice Department. Doubts also on the part of Macri's liberals.…
Buenos Aires and Sao Paulo closed 2023 on the rise, but Mexico City lost something in view of the June vote, when Lopez Obrador will not be able to run again. Boric's Chile is in difficulty but the stock market is holding up.…
The "Christmas decree" of the Argentine president, which does not pass through Parliament and comes into force by the end of the year, provides among other things the possibility of signing contracts of any kind, even in food, Bitcoin or currencies...
The new President Milei immediately started a drastic cure for the Argentine economy but his interventions are not the populist ones threatened in the election campaign but the orthodox ones appreciated by the International Monetary Fund whose support is fundamental to get out of…
The newly elected president has officially begun his mandate, with the support of Macri's liberals, who will be represented in the new government and will avoid "head shots". "There is no money, shock therapy is inevitable." Tensions at the ceremony with…
The new Argentine president questions the South American commercial alliance while the Brazilian, rotating president of Mercosur, takes his time and flies to Berlin from Scholz on Sunday. For many South American economists, the text proposed by Von der Leyen is a…
INTERVIEW WITH PROF. GIULIO SAPELLI: "Macri's support for Milei was decisive for his victory, but it will also serve to keep the new president's headstrong ideas and the devastation of the state in check." "Milei won't do anything...
Argentina turns to the right with the victory of the hyper-liberalist Javier Milei who defeated the moderate Peronist and Minister of Economy, Sergio Massa, in the presidential run-off - Milei's extravagant recipes alarm the markets and the path looms for Argentina...
Sunday 19 November the run-off between the outgoing Economy Minister, a Peronist and advised by the Brazilian president's team of communicators, and the super-liberal Milei, who despite his extravagant recipes is slightly ahead in the polls
The challenge between the two competitors ends on November 19th. Here are all the unknowns of the presidential race and the strategies of the two candidates. And Lula doesn't stand by and watch
In the first round of the presidential elections, the Peronist Minister of Economy Massa received 36% against 30% for the ultra-liberal Milei. But in the runoff, who will receive the votes of the moderate right candidate Bullrich who took 24%?
The winner of the presidential elections will decide the country's position in foreign policy and above all how to deal with inflation and poverty – The Milei unknown is worrying, as public opinion increasingly likes it but not the markets
Interview with the Argentine writer Nicolas Goszi, former ghostwriter of the Peronist campaign in 2015: "The country cannot afford the recipes proposed by Milei, who in fact does not even have the trust of the financial community". "Giving up the weight and privatizing everything would help…
Countdown to one of the most important elections in the history of South America: on 22 October Argentina votes to elect the new president and the favorite is the sovereignist hawk Javier Milei. According to some, his profile doesn't displease…
The publisher GoWare offers for reading an essay on the politician of the moment, the economist Javier Milei who is running for the Argentine presidential elections: here are his thoughts
The two main stock exchanges in the South American area closed the first nine months of 2023 on a positive note: the Bovespa of San Paolo grew by 9%, while after the primaries of 13 August, which sanctioned the triumph of the sovereignist candidate, on the index of…
The far-right candidate, who emerged victorious in the primaries, is now favored for the presidency but his rise is already causing damage: in the parallel exchange rate, the dollar has reached 800 pesos and the supermarket shelves are…
Lula's proposal animates the BRICS summit in South Africa on which the spotlights of the world are turned on
Sensational result of the primaries in Argentina where the local Trump, the sovereignist Javier Milei, collects 32% and clearly detaches his opponents with an incredible flop by the Peronists
Buenos Aires' Merval index still gains 16% in July, despite electoral tensions and record inflation. São Paulo, on the other hand, takes advantage of the Lula effect: the market is betting on a bearish phase in interest rates and GDP in 2023 is…
The South American country will vote for the presidential elections on 22 October, but the primaries are held on 13 August to define the candidates: in the centre-left, the leadership of Economy Minister Sergio Massa is threatened by the young exponent of radical Peronism.…
Increasingly desperate situation in the South American country, less than 3 months before the elections: the acrobatics of Economy Minister (and candidate for president) Sergio Massa for now only convince the IMF, willing to grant new loans
Gallium is increasingly coveted on the technological market for batteries and semiconductors, but China - which is practically the only world producer to date - will limit exports from August, putting Western companies in difficulty. This is why Brussels invests…
Argentina, grappling with one of the worst financial crises in its history, is heading for elections - Peronisms choose Massa, Larreta and Bullriich as challengers - Businesses choose the yuan
Will the Brazilian president Lula be able to get Argentina into the BRICS? The operation is difficult but not impossible. Here are all the scenarios in the field
Inflation reached an all-time high in March (over 100% on an annual basis), but now the lack of rain is even more worrying: since 2020 it has been raining very little in the country and this is destroying the crops on which the country depends 'export,…
Corruption, poverty, undeclared work are leading Latin America towards a political polarization that rewards the extreme right. Lula is losing popularity in Brazil and in Ecuador the time seems ripe for another South American Trump
Argentina has to deal with out-of-control inflation and a difficult situation of the real economy balanced by a rising stock market thanks to raw materials. In the background the fight for the 2023 presidential elections which could see the return of…
The nightmare of inflation disturbs the markets much more than the return of the left to power and the farewell of Argentine president Alberto Fernandez drugs the Buenos Aires Stock Exchange even more
Enel has sold two thermoelectric plants including the largest thermoelectric plant in Argentina
Above all, Argentina would take advantage of it, which would dribble the dollar but doubts are growing among economists - Made in Italy instead hopes for a trade agreement between Brazil and the EU
The unforgettable World Cup final between Argentina and France crowned Messi but also designated Mbappé as his heir apparent for the next few years - An incredible spectacle watched by over 5 billion viewers worldwide
Fabulous final with continuous reversals in the face: it ends 3 to 3 and decides the penalty roulette - Messi, fundamental in the match with two goals and in the penalties, thus crowns the dream of chasing away the ghost of Maradona and…
Final up to the story and expectations between Argentina and France at the World Cup in Qatar: will Messi win or will Mbappè prevail? Whoever triumphs will also win the Ballon d'Or. On Rai 1 at 16 the live broadcast of the most…
By beating Morocco 2-0, France earned their entry into the Qatar World Cup final which they will face against Argentina on Sunday
Mbappè against the revelation Morocco and Messi against Modric's Croatia: these will be the two matches of the semifinals of the Qatar World Cup that will liven up the last week of the tournament in view of the final on Sunday 18
The World Cup in Qatar comes alive with the start of the quarter-finals: the stars Messi and Neymar immediately on the pitch
The Qatar 2022 world tournament is proving to be anything but obvious: many surprises, many confirmations but also sensational disappointments
More inflation or not? Wall Street, which trusts the Fed less and less, remains uncertain - Skyrocketing rates in South America to try to curb the cost of living: Argentina records
Martín Guzmán, one of the last ministers to answer to President Fernández, leaves the government of Argentina, in the throes of a serious political crisis
Inflation is once again frightening in the South American country: in April it rose by 46,3% on an annual basis. To contain speculation, the government has imposed a stop on beef exports for a month
The Parliament of Buenos Aires has approved the law for the solidarity contribution, a sort of one-off patrimonial tax that taxes the 12.000 richest people in the country (including former president Macri and Cristina Kirchner's son).
One of the greatest footballers of all time passed away suddenly - He had just undergone brain surgery and turned 60 last month - He had led Argentina to victory in the World Cup and Napoli to conquest…
Argentina has gone bankrupt several times but the default of November 14, 2002 with the so-called corralito was particularly dramatic - Here's how it went
In extremis, Buenos Aires reached an agreement with creditors to restructure about 66 billion dollars of external debt - The second default in less than 20 years is averted, but the country's GDP still sinks
Gold crosses the magic threshold of 2 dollars an ounce for the first and silver follows it - Piazza Affari stands out among the stock exchanges thanks to Intesa and Tim - Argentina avoids default
After the Coronavirus emergency and in the face of the high deficits caused by the pandemic, perpetual bonds are back in fashion - But who pays? rightly asks Bini Smaghi - And a report by Giampaolo Galli and Paudice documents the disastrous outcome of…
Argentina is once again on the brink of bankruptcy, it doesn't know how to repay its external debt and poverty has reached appalling levels, but the cause is not the Coronavirus
At the reopening of Piazza Affari all eyes on Generali and FCA - Chinese exports less negative than expected - Gold at a high - The oil deal does not warm up the markets - Argentina is heading towards its ninth default
"The debt is no longer sustainable": this is the verdict of the IMF's latest mission to Buenos Aires, which however offers President Fernandez a way out: to cut the value of the bonds of private creditors.
The growing tension between the USA and Iran, but also Erdogan's advance in North Africa, are weighing on the financial markets and placing them on the defensive, but without any particular jolts and with many private equity funds ready to play their best…
Serious warning from the new Argentine president to the IMF on the country's state of insolvency and the current impossibility of honoring the commitments undertaken by his predecessor
The economy is contracting, inflation is skyrocketing, unemployment and poverty are on the rise: the longer the period of uncertainty about the direction of economic policy, the greater the risk of a real default
Argentina returns to the hands of the Peronists - The couple Alberto Fernandez and Cristina Kirchner clearly won the presidential elections - Fernandez will become president on December 10
In Buenos Aires, all forecasts point to the defeat of outgoing President Macri and the victory of the Peronist couple Fernandez-Kirchner for Sunday: what will the new government do?
Days of great tension in Latin America: clashes in Ecuador and Chile, allegations of fraud in the re-election of Evo Morales in Bolivia, corruption alarm in Peru, where Parliament was dissolved - Argentina is on the verge of default and Sunday…
Despite the 57 billion IMF credit line, capital flight from Argentina continues, with a 50% depreciation of the currency, a drain on official reserves (-20%) and an increase in inflation (+50%). Austerity, accompanied by high interest rates at over…
On September 19, 1955, the Argentine Armed Forces carried out, with the support of conservatives and socialists, the coup d'état that overthrew the controversial president Juan Domingo Peron who in 1946 had given birth to the so-called Peronism, a movement now…
The specter of default on the South American country forces the government to issue an emergency decree: natural persons will not be able to transfer more than 10 dollars abroad or purchase foreign currencies for an amount exceeding this amount.
The rescheduling plan covers a total of approximately $110 billion in debt - Long and short-term securities held by foreign investors will also be affected
The Argentine Treasury Minister resigns in disagreement with President Macrì who is desperately trying to regain support after the defeat in the primaries suffered by the Peronists.
INTERVIEW WITH GIULIO SAPELLI, economic historian and great expert on Latin America: "Macri pays for his mistakes but Fernandez is a moderate Peronist, who will win the October elections and then probably unload Kirchner. The risk is that…
German confidence collapses: markets in the red - The Argentine crisis hits Tenaris and Pirelli - The spotlights are on Palazzo Madama in Piazza Affari - Banks down, utilities hold - Meanwhile, at Hong airport…
Argentina is the new loose cannon of the markets: after Wall Street, Asia too falls - Gold skyrockets - Political uncertainty dominates Piazza Affari
The defeat of President Macri in the primaries and the victory of the Peronists bring Argentina back to the brink of bankruptcy and the central bank raises the interest rate to a record 74%
Stock market and Argentine currency plunge after Macri debacle - Piazza Affari drops 0,3% and suffers from political uncertainty - Campari, Poste, Italgas and Ferrari do well - Confinvest booms - Oil and publishing companies collapse.
Hard defeat for President Macri in the primaries for the presidential elections in Argentina: the Peronist candidate supported by Kirchner won by a very large margin
The worsening of the economic crisis and the weakness of President Macri's reforms raise the hypothesis of Cristina Kirchner's return to the field just six months before the elections, despite the aid from the Monetary Fund
The G-20 in Buenos Aires ends with evidence of a thaw between Trump and the Chinese president Xi, but with the US confirming that it is withdrawing from the Paris climate agreements and with a very vague agreement on trade…
After only three months in office Luis Caputo leaves the leadership of the Argentine Central Bank - The peso reaches 40 against the dollar - Macri reassures: "There is no way Argentina is insolvent"
From "THE RED AND THE BLACK" by ALESSANDRO FUGNOLI, Kairos strategist - The normalization of monetary policies, duties, inflation and the crises in Turkey and Argentina do not erase the benefits of growth and buybacks with…
Higher - but temporary - taxes on exports, fewer ministries, zeroing of the deficit: these are the measures with which Macri will try to convince the IMF to advance the 50 billion dollar loan
Today Wall Street is on vacation for the Labor Day holiday but the Piazza Affari session is the first test on the effect of the complex verdict of the Fitch agency on the Italian debt, without forgetting the negative repercussions of the government's fluctuations…
The Btp-Bund spread exceeds 290, Trump exacerbates the trade war with China and with European cars and the crisis in Argentina and Turkey continues to keep the markets on edge: here are the reasons that push Piazza…
All stock lists in red mid-session - Piazza Affari anxious about Fitch's verdict on Italy - Telecom Italia and Pirelli in strong red - Moncler also bad - Tenaris in partial recovery - Stm… good
Not only Argentina and Turkey, duties and currencies, but also the Italian risk keeps the markets anxious as they await the verdict of the Fitch agency on our country - It is not excluded that the Government anticipates the budget maneuver -…
The new crisis in Argentina which raises rates to 60% and calls the Monetary Fund and the new drop in the Turkish lira are alarming the markets - Stock markets all in the red and Piazza Affari, weighed down by Tenaris (-5,59%) very present in …
The exchange rate is now close to 34 pesos for a greenback (-7% today only): the Argentine currency has therefore lost 40% of its value from January to today - Inflation is also worrying, close to 30% per year, one of the…
Argentina and Portugal are respectively eliminated by France and Uruguay (who will now compete in the quarter-finals): the World Cup loses its two stars and for Pulga it is yet another flop with the national team - Uruguay anxious about Cavani, out…
Incredible epilogue in St. Petersburg: Argentina, who took the lead with a fine goal from Messi, let Nigeria come back and secure qualification for the round of XNUMX only a few minutes from the end with a goal from defender Rojo.
The national team, world champion in 2014, snatches the victory in extremis against Sweden and thus remains in contention, after having seriously risked an early and sensational elimination - Rags fly in the withdrawals of Brazil and Argentina.
