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☆ Argentina’s 'anarcho capitalist' Milei meets with Sam Altman, Tim Cook and Sundar Pichai in a bid to spur investment
▼ + stars: | 2024-05-30 | by ( Sam Meredith | In Samuelmeredith | ) www.cnbc.com time to read: +3 min

Argentina's President Javier Milei waves during the commemoration of the 214th anniversary of the May Revolution that led to the independence from Spain, at Plaza San Martin in Cordoba, Argentina, on May 25, 2024. On his seventh overseas trip since taking office late last year, Argentina's Milei traveled to San Francisco late Monday and has since met with OpenAI CEO Sam Altman, Google's Sundar Pichai and Apple CEO Tim Cook. The right-wing leader, and self-described "anarcho capitalist," is scheduled to meet with Meta CEO Mark Zuckerberg before departing from the U.S. on Friday. On a separate trip to the U.S. last month, Milei met with tech billionaire Elon Musk at a Tesla electric car factory in Austin, Texas. The growth of AI data centres will also require significant energy and water resources, of which Argentina has in abundance."

Persons: Javier Milei, Diego Lima, Argentina's Milei, Sam Altman, Google's Sundar Pichai, Tim Cook, Mark Zuckerberg, Milei, Elon Musk, Nicolas Saldias, Saldias, Mariano Machado, Verisk Maplecroft, We're, " Machado, Javier Milei's, Luis Robayo Organizations: Plaza San, Afp, Getty, Apple, Meta, U.S, Analysts, America, Economist Intelligence Unit, CNBC, Americas, Verisk Locations: Spain, Plaza San Martin, Cordoba, Argentina, San Francisco, U.S, Austin , Texas, Olivos, Buenos Aires Province

☆ In Argentina, land of the gaucho, a home for unloved old horses
▼ + stars: | 2023-12-04 | by ( Horacio Soria | ) www.reuters.com time to read: +1 min

REUTERS/Tomas Cuesta Acquire Licensing RightsBUENOS AIRES, Dec 4 (Reuters) - Lorena Melantoni dedicates her weekends running a sanctuary for abused and abandoned horses, an issue in the South American nation known for its polo and stallion-riding gauchos. "I am an option for these old horses, ones with disabilities, amputated horses, or one-eyed horses that nobody wants to take for adoption," Melantoni told Reuters. Located in Buenos Aires province, the "Let's Dream of Hope" refuge provides a place for horses that have no other home, she explained, adding that many had suffered terrible cruelty. And then, I can leave calm and happy and I say: that's it, that made my week." Reporting by Horacio Soria; Writing by Natalia Siniawski, Editing by Nick ZieminskiOur Standards: The Thomson Reuters Trust Principles.

Persons: Lorena, Tomas Cuesta, Lorena Melantoni, Melantoni, Horacio Soria, Natalia Siniawski, Nick Zieminski Organizations: REUTERS, Reuters, Thomson Locations: La Plata, Buenos Aires, Argentina, BUENOS AIRES, American

☆ Argentina's presidential rivals clash in key voter battlegrounds
▼ + stars: | 2023-11-13 | by ( Lucinda Elliott | ) www.reuters.com time to read: +5 min

[1/2] Argentina's presidential candidate Sergio Massa addresses supporters as he reacts to the results of the presidential election, in Buenos Aires, Argentina October 22, 2023. Center-left Peronist economy chief Sergio Massa faces libertarian outsider Javier Milei in the Nov. 19 vote, with polls suggesting a likely photo finish. "Both are scary," said Gonzalez, adding that most people she knew were planning to cast their votes for Milei. Massa pulled off a surprise win in the October first round, attracting 9.6 million votes, ahead of Milei on 7.9 million. There were nearly 10 million votes for other candidates, people who voted blank or spoiled ballots.

Persons: Sergio Massa, Martin Cossarini, Javier Milei, Pragmatist Massa, Fatima Gonzalez, Gonzalez, Massa, Joaquin Gonzalez, Milei, Patricia Bullrich, Mauricio Macri, Juan Schiaretti, Maria Elena Bazzano, Argentine Pope Francis, Luiz Inacio, Lula, da Silva, Romina Viola, Alberto Fernandez, Fernandez, Lucinda Elliott, Adam Jourdan, Rosalba O'Brien Organizations: REUTERS, Peronist, Milei, Massa, Reuters Graphics, Reuters, Thomson Locations: Buenos Aires, Argentina, BUENOS AIRES, Cordoba province, Milei, Cordoba, China, Argentine, Brazilian

☆ Argentina's Peronists soar in election to seal run-off with radical Milei
▼ + stars: | 2023-10-23 | by ( ) www.cnbc.com time to read: +4 min

Javier Milei, presidential candidate of the Liberty Advances coalition, speaks at his campaign headquarters after polls closed for general elections in Buenos Aires, Argentina, Oct. 22, 2023. Argentina's ruling Peronist coalition smashed expectations to lead the country's general election on Sunday, setting the stage for a polarized run-off vote next month between Economy Minister Sergio Massa and far-right libertarian radical Javier Milei. "We have never had so much polarization," said 72-year-old pensioner Silvia Monto as she voted in Buenos Aires on Sunday. "He is the only one who understands the situation in the country and understands how to save it," said Buenos Aires student Nicolas Mercado, 22. Silvana Dezilio, 37, a housewife in Buenos Aires province, said it was hard to see a positive outcome whoever won.

Persons: Javier Milei, Argentina's, Sergio Massa, Massa, Patricia Bullrich, Milei, Carlos Gutierrez, Bullrich, Silvia Monto, Nicolas Mercado, Silvana Dezilio Organizations: Liberty Advances, Peronist, International Monetary Fund Locations: Buenos Aires, Argentina, Milei, China, Brazil

☆ Argentina farmers eye election showdown with doubt and mistrust
▼ + stars: | 2023-10-23 | by ( Maximilian Heath | ) www.reuters.com time to read: +2 min

Tomas... Acquire Licensing Rights Read moreBUENOS AIRES, Oct 23 (Reuters) - Argentina's farmers, some of the world's most important producers of soy, corn, wheat and beef, have some strong views on the country's polarized presidential election finalists: untrustworthy and unreliable. Sara Gardiol, president of the Confederation of Rural Associations of farm province Santa Fe, said that statements from both appeared to be little more than empty words. "It is a very difficult moment for Argentina, but critical situations can also provide opportunities," he said. "I hope that this opportunity allows us to recalibrate things, to talk with the different actors, but also to make sure things are clear and concrete." Reporting by Maximilian Heath; Editing by Adam Jourdan and Marguerita ChoyOur Standards: The Thomson Reuters Trust Principles.

Persons: Sergio Massa, Javier Milei, Tomas, Patricia Bullrich, Horacio Deciancio, Massa, Deciancio, Sara Gardiol, Carlos Achetoni, Maximilian Heath, Adam Jourdan, Marguerita Choy Organizations: por la Patria, La Libertad, National University of Santiago, Sunday, Peronist, Business, of Rural, Argentine Agrarian Federation, FAA, Thomson Locations: Argentina, National University of Santiago del Estero, Santiago del Estero, BUENOS AIRES, San Vicente, Buenos Aires, Santa Fe

"He is the change that Argentina needs," said 28-year-old Milei voter Ayrton Ortiz at a recent rally in Buenos Aires province in support of the candidate. Those working with his campaign say it is his authenticity that has made him so successful, especially with two-fifths of the population in poverty and looking for a new voice. "You can like him or not, but he is himself," said Fernando Cerimedo, a political consultant who works on Milei's campaign. Many Milei voters say they are willing to take the risk. At the end of the month, you see how they count pennies and cry," said Milei voter Valentina Brites, 18.

Persons: Javier Milei, Agustin Marcarian, Juan Luis Gonzalez, Gonzalez, Milei, Donald Trump, Beppe Grillo, Ayrton Ortiz, Sergio Massa, Patricia Bullrich, MURRAY, MILTON, ROBERT AND LUCAS Milei, Karina, Conan, Murray, Milton, Robert, Lucas, Milton Friedman, Eduardo Eurnekian, Fernando Cerimedo, Fernando Morra, Valentina Brites, Javier, Anna, Catherine Brigida, Eliana Raszewksi, Lucinda Elliott, Adam Jourdan, Daniel Wallis Organizations: Argentine, La Libertad Avanza, REUTERS, American, Peronist, Forces, Libertad Avanza, Reuters, Thomson Locations: La Plata, Buenos Aires, Argentina, BUENOS AIRES, Argentine, Candelaria

☆ Argentina wheat sales stall as farmers wait for election, rains
▼ + stars: | 2023-09-22 | by ( Maximilian Heath | ) www.reuters.com time to read: +3 min

This figure compares with 5.28 million tons recorded at almost the same date 2022/23, according to the farming secretariat. The Buenos Aires grains exchange forecasts a 2023/24 wheat harvest of 16.5 million tons, up from the previous drought-hit harvest but lower than a peak of 22.4 million tons in 2021/22. Reuters GraphicsWEATHER AT PLAYThe other factor that is holding wheat sales in the weather, after a historic drought hammered crops over the last year. Cane agreed that, along with a drop in international wheat prices compared with last season, climate uncertainty is weighing farmers as they wait for heavier rainfall. A report on Wednesday by the Rosario grains exchange said heavier rain may only arrive "in the last days of September or the first days of October."

Persons: Nina, Agustin Marcarian, Miguel Cane, Cane, Patricia Bullrich, Javier Milei, Sergio Massa, Roberto Frigo, Rosario de Tala, Frigo, Maximilian Heath, Nicolás Misculin, Adam Jourdan, Marguerita Choy Organizations: REUTERS, Reuters, Entre, Tala, Thomson Locations: Navarro, Buenos Aires, Argentina, BUENOS AIRES, El, Rosario de, Entre Rios, Rosario

"Social media is the new way of doing politics," said Eugenia Rolon, an 21-year-old influencer who describes herself as anti-feminist and fighter of a "cultural battle" against progressive ideas. Cerimedo said social media support for Milei was organic, and played down previous comments he made to local media that he had used AI-powered trolls. "Many people said Javier was going to do poorly because what happened on social media was my trolls," Cerimedo said. Agustin Romo, 27, a legislative candidate for Buenos Aires province with Milei's Libertad Avanza party, informally coordinates the social media team. "These are people who are contributing their grain of sand where they can, so that Argentina changes and Javier Milei becomes president," Romo said.

Persons: Javier Milei, Karina Milei, Agustin Marcarian, Elon Musk, Eugenia Rolon, Donald Trump, Jair, Milei, That's, Sergio Massa, Patricia Bullrich, Tucker Carlson, Bolsonaro, Diego Corbalan, Bullrich, Jeremias Madrazo, Madrazo, Massa, Inaki Gutierrez, Argentine, Fernando Cerimedo, Cerimedo, Javier, Carlson, Musk, overspending, Agustin Romo, Romo, Anna, Catherine Brigida, Adam Jourdan, Rosalba O'Brien Organizations: Argentine, La Libertad, REUTERS, Elon, YouTube, Reuters, Peronist, Buenos, Milei's Libertad, Thomson Locations: La Plata, Buenos Aires, Argentina, BUENOS AIRES, Massa, Milei's Libertad Avanza, Candelaria

LA PLATA, Argentina, Sept 15 (Reuters) - Wielding a chainsaw above his head in the Argentine city of La Plata this week, radical presidential front-runner Javier Milei riled up thousands of supporters angry with 124% inflation and a painful cost-of-living crisis. We must remove all the people who have left this country destroyed," said Rosalia Garcia, 51, a public accountant at Milei's rally in La Plata, the capital of Buenos Aires province. "The political caste is afraid," he yelled in La Plata. Milei got just under 30% in the August primary, just ahead of Bullrich and Massa. Back in La Plata, high school student Roman Lopez, 16 - who will be a first-time voter this year - said he previously wasn't interested in politics, but Milei's energy had attracted him.

Persons: Javier Milei riled, Rosalia Garcia, Milei, Patricia Bullrich, Sergio Massa, I'm, Eduardo Murchio, it's, Sebastian Pedrozo, Roman Lopez, Horacio Soria, Juan Bustamante, Lucila Sigal, Eliana Raszewski, Rosalba O'Brien Organizations: LA, Peronist, Thomson Locations: LA PLATA, Argentina, Argentine, La Plata, October's, Buenos Aires, Milei, Bullrich, Massa, greenbacks

The payout includes the approximately $8.4 billion of damages Burford sought plus about $7.6 billion of 8% prejudgment interest running from May 3, 2012, about 2-1/2 weeks after the seizure. Argentina, which is in dire financial straits including a scarcity of foreign exchange reserves, pledged an immediate appeal. Shareholders' $8.43 billion damages estimate was based on Argentina's seizure of the YPF shares on April 16, 2012, which they said transferred "control." But the judge found it "telling" that Argentine officials treated April 16 as the seizure date, which stripped Repsol of its power to run YPF and distribute capital. The judge also called 8% interest "appropriate and equitable," and "well within the range" imposed by Argentine courts.

Persons: Loretta Preska, Burford, Preska, Axel Kicillof, Gabriela Cerruti, Cerruti, Nate Raymond, Jonathan Stempel, Adam Jourdan, Rodrigo Campos, Mark Porter, Will Dunham, Richard Chang Organizations: YPF, U.S, District, Burford Capital, Petersen Energia Inversora, Eton Park Capital, Jefferies, Petersen, Eton Park, Argentina, International Monetary Fund, IMF, Argentine, Thomson Locations: Argentina, U.S, Manhattan, Burford, London, New York, Buenos Aires, Qatar, China, Boston

☆ Argentina inaugurates key gas pipeline to reverse energy deficit
▼ + stars: | 2023-07-09 | by ( Candelaria Grimberg | ) www.reuters.com time to read: +2 min

SALLIQUELO, Argentina, July 9 (Reuters) - Argentina inaugurated on Sunday the first stage of a gas pipeline that will carry natural gas from the Vaca Muerta formation in western Argentina to Santa Fe province by way of Buenos Aires province, an essential work to reverse the country's significant energy deficit. It has the second unconventional gas reserves worldwide and the fourth in oil. The completion of the first stage of the gas pipeline, which starts in Neuquen province and reaches Buenos Aires province, adds 11 million cubic meters of gas per day. This will double when the compression plants are installed in Tratayen, in Neuquen province, and in Salliquelo, in Buenos Aires province. "We are no longer going to import gas in ships because we are going to use the gas from our subsoil."

Persons: Vaca Muerta, Sergio Massa, " Massa, Agustin Gerez, Candelaria Grimberg, Eliana Raszewski, Anna, Catherine Brigida, Diane Craft Organizations: Energia Argentina, Thomson Locations: SALLIQUELO, Argentina, Vaca, Santa Fe, Buenos Aires, Belgium, Patagonia, Neuquen province, Tratayen, Salliquelo, San Jeronimo

☆ Argentina makes headway in establishing a cannabis export industry
▼ + stars: | 2023-03-08 | by ( ) www.reuters.com time to read: +3 min

"The industry has incredible potential," said Gabriel Gimenez, director of the ARICCAME cannabis agency created in January this year, last week. Argentina is looking to build its domestic medical cannabis market and generate foreign currency through exports. In Santa Fe province, the medical cannabis research and development center (CIDCam), which has over 200 cannabis plants of various varieties, is expecting a second harvest this month. Pablo Fazio, president of the Argentine Chamber of Cannabis (ARGENCANN) and Pampa Hemp's co-founder, said demand could ignite a new domestic industry for products made from the raw material. The chamber comprises some 200 private firms either directly or indirectly linked to the industrial hemp and medical cannabis business.

☆ Argentine government, farm exporters seek relief from historic drought
▼ + stars: | 2023-01-20 | by ( ) www.reuters.com time to read: +2 min

Lack of rainfall almost halved wheat output this cycle and hampered production of the current soybean and corn crops, though local grains exchanges predict fresh rains could bring some relief in coming days. Argentina is the world's leading exporter of soybean oil and meal and the third largest exporter of corn, as well as a major wheat supplier. Its production is being closely watched after Russia's invasion of Ukraine prompted major disruptions and spiking prices in the grains market. Massa also highlighted that Argentina's agro-industrial sector had pushed its exports to record levels last year. Reporting by Walter Bianchi; Writing by Sarah Morland; Editing by Sandra MalerOur Standards: The Thomson Reuters Trust Principles.

REUTERS/Agustin Marcarian/File PhotoJan 11 (Reuters) - Failure to tackle climate change and environmental degradation dominate the ranking of top risks facing the planet in the next decade, a World Economic Forum (WEF) survey of global risk specialists found. Failure to mitigate and adapt to climate change; natural disasters; biodiversity loss; natural resource loss and large-scale environmental damage dominate the top-10 ranking of global risks deemed most severe over a 10-year period. The WEF report raised the prospect of risks interacting with each other to form a "polycrisis", which it defines as a cluster of related risks with compounding impacts and unpredictable consequences. It cited big-power resource rivalry as having the potential to generate one such cluster of related risks. (For daily Davos updates in your inbox sign up for the Reuters Daily Briefing here.)

☆ Argentina president rejects Supreme Court ruling, sparking backlash
▼ + stars: | 2022-12-23 | by ( ) www.reuters.com time to read: +2 min

Fernandez, who has seen his popularity slide and whose ruling coalition was badly defeated in midterm congressional elections last year, said that the state would "challenge the members of the Supreme Court" and seek to have the ruling revoked. His remarks sparked off a backlash on both sides, some agreeing with the president that the ruling was unjustified and others saying the rejection of a Supreme Court decision set a dangerous precedent and undermined the justice system. "The president decided to break the constitutional order, completely violate the rule of law and attack democracy," said Buenos Aires city mayor Horacio Rodríguez Larreta, who is seen as a potential 2023 presidential candidate. "This measure is, under current conditions, impossible to comply with," said Buenos Aires province Governor Axel Kicillof. "There are already 18 governors who denounce the partisan decision of the Supreme Court to benefit the head of the city government against all the provinces."

☆ Arid wheat fields and dead cows: a snapshot of Argentina's worst drought in decades
▼ + stars: | 2022-12-09 | by ( Maximilian Heath | ) www.reuters.com time to read: +4 min

The drought in Argentina has led to sharp cuts to the country's wheat harvest forecast and is threatening to derail corn and soy too. Russo said soil moisture levels were worse than the 2008/09 campaign, when the South American country produced only 31 million tonnes of soybeans, from 18 million hectares planted. Russo said that the current wheat crop forecast of 11.8 million tonnes, already slashed from an original 19 million tonnes, could be trimmed further. In 2008/09 the wheat harvest was 8.3 million tonnes. Reporting by Maximilian Heath in Navarro, Argentina Editing by Adam Jourdan and Matthew LewisOur Standards: The Thomson Reuters Trust Principles.

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