Argentina has announced a sharp devaluation of its currency, the Argentine peso, which will be devalued by 50%.
Tags: Argentina
Argentina: Beef Consumption May Hit Record Low in 2024 Due to Economic Downturn
Beef-loving Argentines are cutting down on steaks as the economy slumps, lowering cattle consumption to a historic low.
Argentina's Milei Expected to Skip Mercosur Meeting in Paraguay, Trade Bloc’s Future Uncertain
Argentine President Javier Milei is expected to not attend the Mercosur summit in Paraguay this week and would instead head to Brazil to attend a rally organized by hard-right former president Jair Bolsonaro.
Argentina's Milei Plans to Meet Big Tech Bosses This Week in US Trip
Argentinian President Javier Milei is scheduled to meet several top-level Silicon Valley executives in the United States this week, including the bosses of Meta, Google, Apple, and OpenAI.
Elon Musk Meets Argentine President Javier Milei at Tesla Factory, Vows to Push for Free Markets as Argentina Seeks US Support for Its Economy
Argentine President Javier Milei and Tesla CEO Elon Musk recently met to discuss the significance of free markets, advancements in technology, and population growth.
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The U.S. Court of Appeals on Wednesday cleared Argentina to sell $15 billion bonds in the market. The country expects to issue the bonds within this week.
Panama Papers documents leak ties Argentinian President Mauricio Macri to an offshore company. In a statement in response to many accusations, President Macri revealed that he was never a stakeholder in the company, and that he was not involved in any wrongdoings in regard to that.
Due to a cyanide spill in a mine in Argentina, Canadian-owned Barrick Gold is facing a fine of $9.3 million imposed by the local government. Nine current and former employees are also being held as defendants over accusations of negligence that caused the spill.
Argentina is planning to issue $15-bilion bonds making it the largest sum by any developing nation since 1996. Country's new President Mauricio Macri-led government will use funds mobilized through bonds for repaying debts and supporting government spending.
The legal battle running for 13 years between hedge fund investor Paul Singer and Argentina is over as both the parties have reached to an agreement. Singer's Elliott Management will get $4.65 billion cash from the Argentina government as part of the deal.
Overproduction of last year's crops in the U.S. still affect the price in futures trading. Meanwhile farmers is predicted to still harvest a big yield of soybean and corn in 2016.
Adventure brand and Esprit owner and co-founder of the North Face outdoor company, Douglas Tompkins, died in a kayaking accident in Chile. He spent a large percentage of his wealth on environmental conservation.
Today, women set their fight straight and groom themselves with the right education to face the competitive world. They create their own space in this aggressive professional industry but do they receive equal facilities as compared with men?
As the November 22 presidential election is fast approaching, the economic inflation of 35 percent a year is one of the major issues that the next president of Argentina will have to face.
