Argentina

EU and Mercosur sign trade deal after 25 years of negotiations

The accord, designed to lower tariffs and boost trade between the two regions, would create the largest free trade zone in the world

There is a clear personal relationship between US President Donald Trump (right) and Argentine President Javier Milei, both populist leaders who share similar anti-establishment rhetoric and economic philosophies favouring deregulation and free markets.

Is Trump’s US$20 billion bailout for Argentina a strategic lifeline or political favouritism?

This intervention represents one of the most substantial bilateral economic assistance packages of his second term

After negotiations spanning over 20 years, and five years on from an initial deal, European Commission President Ursula von der Leyen and her Mercosur counterparts announced an agreement had been reached in the Uruguayan capital Montevideo.

EU and South America strike trade deal, but faces pushback in Europe

THE European Union and South America’s Mercosur bloc struck an agreement on a long-delayed free trade deal on Friday (Dec 6), which now, however, faces a tortuous battle for approval in Europe, where ...

European Commission President Ursula von der Leyen (left) having a meeting with Uruguay's President Luis Lacalle (second right) at the Torre Ejecutiva, the government's headquarters in Montevideo, Uruguay, Dec 5, 2024.

EU chief in last-gasp push to close South America trade deal

EUROPEAN Commission President Ursula von der Leyen said on Thursday that a controversial free-trade deal between the EU and South America’s Mercosur bloc was “in sight” but her hopes of sealing the pa...

Argentina has registered nine sovereign debt defaults, the most recent in 2020, which has left it largely cut off from foreign capital markets.

With buyers wary, Argentina’s zombie mortgage market has a long road to revival

IN ARGENTINA, real estate agents have one key piece of advice for potential home buyers: bring cash, big bags of it.

Inflation in Argentina is slowing dramatically since President Javier Milei took power late last year.

As Argentine inflation cools to single digits, residents are still skeptical

ARGENTINES say they are yet to feel the benefits of cooling inflation, as a five-month streak of slowing prices ended when official data on Friday showed inflation in June was higher than in May.

Argentina's President Javier Milei's plan “has resulted in faster-than-anticipated progress in restoring macroeconomic stability and bringing the (IMF) programme firmly back on track,” IMF said.

IMF staff, Argentina reach agreement on latest review of US$44 billion programme

STAFF of the International Monetary Fund (IMF) and Argentine authorities have reached an agreement on the eighth review of the country’s US$44 billion extended fund facility arrangement, the Washingto...

In the first quarter of 2024, Argentina achieved a small fiscal surplus – the first since 2008.

Argentina’s inflation paradoxes

Can President Javier Milei’s administration sustain its initial economic policy successes?

The embattled Argentina’s central bank launched the new banknote on Tuesday (May 7), which it hopes will ease issues including people carrying unwieldy wads of cash, the demand for huge numbers of bills and banks running out of vault space.

Inflation-hit Argentina has a new top banknote, worth just US$10

ARGENTINA has a new largest banknote, the 10,000 peso (S$15.36), which is five times the size of the previous top bill though still only worth around US$10 as the South American country grapples with ...