(Bloomberg) — Argentina’s economy posted a slight contraction in October despite a turbulent presidential election cycle that stoked policy uncertainty and yet another currency selloff in parallel markets. Most Read from Bloomberg Economic activity in October fell 0.1% from a month earlier, less than the median estimate for a 0.6% […]
Argentina
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Argentina will devalue the peso by more than 50% as part of emergency measures to help the nation’s struggling economy, the country’s Economy Minister Luis Caputo announced Tuesday. The stark move changes the official conversion rate to 800 pesos per dollar from 365 pesos and comes just days into President […]
BUENOS AIRES, Argentina — It wasn’t the most uplifting of inaugural addresses. Rather, Argentina’s newly empowered President Javier Milei presented figures to lay bare the scope of the nation’s economic “emergency,” and sought to prepare the public for a shock adjustment with drastic public spending cuts. Milei said in his […]
[1/3]Hungarian Prime Minister Viktor Orban greets Ukraine’s President Volodymyr Zelenskiy at the National Congress, in Buenos Aires, Argentina December 10, 2023. REUTERS/Matias Baglietto Acquire Licensing Rights BUENOS AIRES/BUDAPEST, Dec 10 (Reuters) – Ukrainian President Volodymyr Zelenskiy and Hungarian Prime Minister Viktor Orban spoke briefly while attending the inauguration of Argentine […]
File photo: Argentine President-elect Javier Milei reacts before the start of the session of the legislative assembly at the National Congress, in Buenos Aires, Argentina, November 29, 2023. REUTERS/Agustin Marcarian/File photo Acquire Licensing Rights BUENOS AIRES, Dec 9 (Reuters) – A U.S. delegation gave its support to Argentine President-elect Javier […]
Javier Milei was inaugurated as president of Argentina Sunday after pledging to radically transform the country’s suffering economy, which has faced the worst downturn in two decades. The 53-year-old economist and professor ran as a member of La Libertad Avanza, a party that has been described as far right and […]
Ukrainian President Volodymyr Zelensky headed to Buenos Aires earlier today (December 10) to witness the swearing-in of Argentina’s new president, Javier Milei. It is the Ukrainian leader’s first trip to Latin America as Kyiv continues to court support among developing nations for its 21-month-old fight against Russia’s invading forces. A […]
President Volodymyr Zelensky held his first ever meeting with Cabo Verdean Prime Minister José Ulisses Correia e Silva, while on his way to the inauguration of Argentina’s president-elect, Javier Milei. Zelensky thanked Silva for his support of Ukraine’s sovereignty, in particular for backing the UN’s resolution on March 2, 2022, […]