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Argentina Marks $8 Billion Increase in Foreign Currency Deposits

central bank of argentina reported Foreign currency deposits soared by about $8 billion on Monday under liberal President Javier Millay's policies. When Milay took office in December, foreign currency deposits stood at $16.5 billion. Ten months later, Argentina has $24 billion in foreign currency, including dollars that Argentines once stashed or hoarded overseas. Millay provided […]

Wall Street extends record run as Argentina president visits NYSE

Wall Street's main stock indexes edged up in choppy trading on Monday as investors focused on comments from Federal Reserve policymakers and factory activity data following the U.S. central bank's decision to begin easing monetary policy. In recent trading, the Dow Jones Industrial Average rose 16 points to 42,079. The index closed at a record […]

Argentina Measures 4.2% Inflation, Down from 25.5% When Javier Milei Took Office

Argentina's National Statistics and Census Institute (INDEC) announced on Wednesday afternoon that Argentina's inflation rate for August was 4.2%. INDEC Published The company released its latest detailed monthly report at 4 pm local time on Wednesday, explaining that the 4.2% inflation rate in August was an average taken from multiple sectors, with clothing and footwear […]

Housing Supply Booms in Argentina Since Javier Milei Cut Rent Control Law

One of the first acts of liberal President Javier Milley after winning Argentina’s presidential election last November was to repeal the country’s notoriously clumsy and counterproductive rent control. The results are in: rents are plummeting in Argentina as housing supply explodes. Rent control is a policy favored by leftists in the United States and Europe, […]

Socialist Ex-President of Argentina Charged with Beating Ex-First Lady When She Was Pregnant

Argentina’s federal prosecutor formally Charged Former Socialist President Alberto Fernández was arrested on Wednesday on charges of domestic violence against former first lady Fabiola Yáñez. Fernández is accused by prosecutor Ramiro González of inflicting “doubly aggravated serious bodily harm” and making “coercive threats” against the former first lady. Some of the alleged violence took place […]