(Bloomberg) — China accused the US of Cold War-era intervention in Latin America after Treasury Secretary Scott Bessent suggested Argentina’s president was “committed to getting China out.” Bessent made his comments on Fox News on Thursday as the US offers a $20 billion US financial lifeline to Argentina and President Javier Milei prepares to visit…
Argentina’s soybean export orders surged to a seven-year high this month as Chinese importers bought millions of tonnes of the staple crop during a brief suspension of export taxes, securing more than half of their near-term needs from South America. The rush of orders has rattled the Trump administration, where divisions are deepening over Argentine…
The romance that investors had with Argentina since Javier Milei’s victory in November 2023 is going through its worst slump. The Merval index, which groups more than 20 major companies in the country, has declined around 30% so far this year, making the local stock market the worst-performing in the world during the first eight…
As US destroyers closed in on Venezuela’s coast on Thursday, China condemned Washington’s military build-up and warned against foreign interference, backing Nicolas Maduro in a showdown that is drawing in powers far beyond the Caribbean. Foreign Ministry spokesperson Mao Ning said that China opposed “any move that violates the purposes and principles of the UN…
By Jonathan Stempel NEW YORK (Reuters) -A U.S. appeals court on Friday granted Argentina’s request to put on temporary hold a judge’s order that it turn over its 51% stake in oil and gas company YPF to partially satisfy a $16.1 billion judgment won by two investors. In a brief order, the 2nd U.S. Circuit…
Hundreds of thousands of Catholics joined world leaders in St Peter’s Square in Vatican City for the funeral of the late pontiff Francis, praised as the “pope of the people”, with the service on Saturday including a prayer in Mandarin. A live broadcast of the funeral for the first Latin American leader of the Catholic…
By Hernan Nessi BUENOS AIRES (Reuters) – Argentina’s mortgage market, for years almost non-existent due to spiraling triple-digit inflation and high borrowing costs, is starting to show signs of coming back to life under the pro-market reforms of libertarian President Javier Milei. Monthly new mortgages in Buenos Aires province, home to 40% of the country’s…
By Eduardo Baptista and Lucinda Elliott RIO DE JANEIRO (Reuters) – China’s President Xi Jinping met with Argentine President Javier Milei on the sidelines of the Group of 20 summit in Rio de Janeiro on Tuesday, Chinese state television CCTV reported. It was the first meeting between the two leaders, marking an about-face in Milei’s…
Several world leaders at the G20 summit in Rio de Janeiro seized the opportunity to meet with Chinese President Xi Jinping, who returned to the global stage after skipping last year’s gathering in India. Before attending the group’s scheduled meetings at the Museum of Modern Art in Rio de Janeiro, Xi held bilateral talks with…
Argentine President Javier Milei is preparing for his first sit-down with Xi Jinping, despite once scoffing that he’d never cut deals with communists. The meeting with the Chinese president, which Milei’s spokesman said Saturday would take place on the sidelines of the Group of 20 summit, shows how far the libertarian economist has come in…