Argentina
US strikes tariff relief deals with four Trump-allied Latin American nations
Washington will axe duties on selected imports from Argentina, Ecuador, Guatemala and El Salvador as part of framework trade agreements announced on November 13, in a move the Trump administration said would help reduce consumer prices.
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US made money off Argentine currency swap, Treasury secretary confirms
US Treasury Secretary Scott Bessent has announced that the US government profited from the $20bn currency swap provided to Argentina.
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EU-Latin America summit confronts trade tensions and regional divisions
The EU and Latin American nations concluded their fourth summit on November 9 with a 52-point declaration championing multilateralism and containing veiled critiques of US policy.
Malaysia’s naturalisation policy in the spotlight as FIFA bans seven football players
Malaysia’s football community has been thrown into turmoil following FIFA’s decision to uphold sanctions against the Football Association of Malaysia (FAM) and seven of its naturalised players for alleged document falsification.
Telefónica pulls out of its last Spanish-speaking markets in Latin America
Telefónica SA has entered a decisive phase of restructuring, marking a retreat from Latin America’s Spanish-speaking markets as it consolidates operations in Europe and Brazil.
LATAM BLOG: Argentina’s Milei wins big but must prove he can build consensus
Javier Milei's decisive midterm victory gives him a clear mandate for radical reform, but the Argentine president still lacks a parliamentary majority. He now has to build consensus with centrists while navigating a tricky peso devaluation.
The Arctic and Antarctica record "off the charts" heat as polar warming accelerates
Parts of both the Arctic and Antarctic have experienced historically high temperatures in recent weeks, with weather stations in East Antarctica recording record-breaking warmth for the month of October, alarming climate scientists.
Milei celebrates resounding victory in Argentina's midterm elections
Argentine President Javier Milei scored a major win for his La Libertad Avanza (LLA) party in Argentina's October 26 midterm legislative elections, as the party obtained approximately 40.84% of the nationwide vote with 99.14% of the votes counted.
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Latin America edges up growth forecasts but remains trapped in low gear, ECLAC says
Latin America and the Caribbean will expand 2.4% this year, the Economic Commission for Latin America and the Caribbean said, marking the second upward revision since April but pointing to the region's struggle to escape chronically weak growth.
LATAM BLOG: Will Argentines give austerity more time to work?
Argentines vote on October 26 in legislative elections that will determine whether libertarian President Milei can sustain his radical economic overhaul or face paralysis in Congress.
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Revolut clears final hurdle for Mexico banking debut
Revolut has received final authorisation from Mexico's banking regulator to commence operations, positioning the London-based fintech to launch services within weeks.
US may double support for Argentina to $40bn conditional on policy reforms
Washington buys Argentine pesos and mulls creating a new private sector-led $20bn debt facility, which would bring total support to $40bn with the existing swap line, Treasury Secretary Bessent said.
IMF: Global economic outlook shows modest change amid policy shifts and complex forces
Dialing down uncertainty, reducing vulnerabilities, and investing in innovation can help deliver durable economic gains.
Trump's $20bn boost for Argentina comes with electoral strings
Argentine President Javier Milei met with US President Donald Trump at the White House on October 14 to strengthen bilateral ties, securing a crucial - but conditional - endorsement ahead of Argentina's midterm legislative elections.
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Argentina to use US currency swap to cover FX debt payments
Argentina has confirmed that its $20bn currency swap agreement with the United States can be deployed to cover foreign currency debt payments in 2026 if the country cannot secure refinancing in voluntary markets.
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OpenAI to invest up to $25bn in Argentina under Milei incentive scheme
Artificial intelligence giant OpenAI and energy company Sur Energy have signed a letter of intent to develop a data centre hub in Argentina requiring investment of up to $25bn.
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World Bank nudges up Latin America growth forecast to 2.3% but warns of skills shortage
The World Bank expects Latin America and the Caribbean’s economy to expand 2.3% in 2025, a slight uptick from 2.2% in 2024, with growth projected to reach 2.5% in 2026.
Milei stages rock concert as Argentina's economy falters
Argentine President Milei launched his new book with a rock concert-style event at Buenos Aires' Movistar Arena on October 6, performing anthems before nearly 15,000 supporters as his administration faces political and economic turmoil.
Telefónica's mass redundancy plan signals deepening Latin American retreat
Spanish telco giant Telefónica SA is preparing to unveil a sweeping redundancy programme affecting more than 6,000 workers before year-end, marking the telecommunications company's most extensive workforce reduction in recent memory.
LONG READ: Trade is the glue that holds Global Emerging Markets Institutions together
The world order is changing. The emerging markets are coming of age and they are setting up a raft of largely non-Western Global Emerging Markets Institutions (GEMIs) to coordinate their lives. Trade is the glue that binds them together.