DIRS.INFO The most relevant business & tech news

☆ Argentina's Milei says shutting central bank 'non-negotiable'
▼ + stars: | 2023-11-24 | by ( ) www.reuters.com time to read: +1 min

BUENOS AIRES, Nov 24 (Reuters) - Argentina's President-elect Javier Milei said on Friday that the closure of the country's central bank, a signature campaign pledge, was a "non-negotiable matter", according to a statement from his office posted on social media platform X. Argentina's social security administration ANSES, a key institution given Milei's pledge to slash state spending and subsidies, will be lead by economist Osvaldo Giordano from the key central Cordoba region, the statement added. That marks a shift from a previous plan that Milei would appoint a close ally to lead the administration. Milei faces major hurdles to implement his more radical reform plans, which include dollarizing the economy, shutting the central bank and privatizing state companies like YPF, which will take time if they can be done at all. Milei also has to juggle demands from the more mainstream conservative bloc, whose public backing was key to him winning the run-off election last week.

Persons: Javier Milei, Osvaldo Giordano, Horacio Marin, Milei, Gabriel Araujo, Adam Jourdan Our Organizations: Thomson Locations: BUENOS AIRES, Cordoba

Marcelo Capobianco was inspecting the calf carcass he had just hung from a hook in his small butcher shop outside Buenos Aires on Tuesday when he admitted that the premium-grade beef would hardly earn him anything. That’s because since his preferred candidate, Javier Milei, won Argentina’s presidency two days earlier, the cost of the meat had jumped by five percent, while the street value of the Argentine peso had fallen by 12 percent, hurting his customers’ purchasing power. Mr. Capobianco said that he had already raised prices so many times in recent months, he was reluctant to again pass the costs on to customers. “It’s already proving difficult to sell at these prices,” he said. Across his shop were signs of the spiraling economic crisis and 140 percent inflation that has convulsed Argentina and catapulted Mr. Milei, a self-described “anarcho-capitalist” libertarian who wants to replace the peso with the U.S. dollar, to Argentina’s highest office.

Persons: Marcelo Capobianco, Javier Milei, Capobianco, “ It’s, ”, Milei Organizations: Argentine, U.S . Locations: Buenos Aires, Argentina

☆ Mexico's America Movil denies report it's eyeing Argentine telecoms firm Arsat
▼ + stars: | 2023-11-23 | by ( ) www.reuters.com time to read: +1 min

The logo of America Movil is pictured on the wall at a reception area in the company's corporate offices, in Mexico City, Mexico January 25, 2022. REUTERS/Gustavo Graf/File Photo Acquire Licensing RightsMEXICO CITY, Nov 23 (Reuters) - America Movil (AMXB.MX), the Mexican telecommunications company controlled by billionaire Carlos Slim, on Thursday denied a report it is in talks with Argentine President-elect Javier Milei's team to buy Argentina's state telecoms company Arsat. Citing sources close to the matter, website La Politica Online said plans to sell Arsat are very advanced, and reported that a member of Milei's transition team on Tuesday held talks with executives from America Movil's Argentine unit, Claro. La Politica Online said the value of Arsat was discussed during the talks with a figure of around $930 million mentioned. A spokesperson for Milei's transition team did not immediately respond to a request for comment.

Persons: Gustavo Graf, Carlos Slim, Javier Milei's, Arturo Elias, Slim's, Arsat, Dave Graham, Eliana, Jonathan Oatis, Marguerita Choy Organizations: REUTERS, MEXICO CITY, Argentine, Reuters, Politica, America Movil's, Thomson Locations: Mexico City, Mexico, MEXICO, Mexican, America Movil's Argentine, Claro

☆ Exclusive: Argentina grains trade 'paralyzed' as farmers eye FX adjustment, bean shortage
▼ + stars: | 2023-11-23 | by ( Maximilian Heath | ) www.reuters.com time to read: +3 min

That hurts exporters who often have to bring most of their overseas sales back into the country at the official rate, getting fewer pesos for each dollar. While the government has rolled out exchange rate sweeteners for farmers, giving them a better rate, many producers are waiting to see what Milei does when he takes office. Idigoras said the lack of beans for the huge crushing plants that turn soybeans into oil and meal along the Parana River meant the facilities were operating at greatly reduced capacity. "Today we are at 73% average idle capacity in the crushing plants and 75% idle capacity in the grain ports," he said. He added that the crushing plants were bringing forward stoppages for technical maintenance due to the "impossibility" of being able to keep operating.

Persons: Marcos Brindicci, Javier Milei, CIARA, Gustavo Idigoras, Idigoras, Maximilian Heath, Adam Jourdan, Jonathan Oatis Organizations: REUTERS, Reuters, Cargill, Bunge, Thomson Locations: Rafaela, Argentina, BUENOS AIRES, Parana

☆ Euro profits from better euro zone data; U.S. market shut
▼ + stars: | 2023-11-23 | by ( Amanda Cooper | ) www.reuters.com time to read: +4 min

REUTERS/Marcos Brindicci/File Photo Acquire Licensing RightsLONDON, Nov 23 (Reuters) - The euro edged up on Thursday after data suggested the downturn in the euro zone economy may be starting to ease, although holidays in the U.S. and Japan kept trading activity muted. Earlier in the day, the euro rose against most other major currencies, following the surveys. The survey showed the euro zone economy is on track to contract again in the fourth quarter. Its PMI rose to 43.8 from 43.1, beating the poll expectation for 43.4 but was still below breakeven. The euro was up last up 0.18% on the day at $1.09075, having traded as high as $1.0931 earlier in the day.

Persons: Marcos Brindicci, There's, Michael Brown, Brown, Geert Wilders, Sterling, Jeremy Hunt, Changpeng Zhao, Bitcoin, Vidya Ranganathan, Lincoln, Emelia, Marguerita Choy, Christina Fincher Organizations: REUTERS, PMI, Saxo Bank, British, Federal, University of Michigan, Fed, Bank of Japan, Thomson Locations: Buenos Aires, Argentina, U.S, Japan, Germany, EU, Wednesday's, Netherlands, Singapore

☆ Yes, You Can Drink White Wine in Winter. It’s Called Chenin Blanc.
▼ + stars: | 2023-11-23 | by ( Lettie Teague | ) www.wsj.com time to read: +1 min

This is not the first time I’ve made this declaration, but it’s worth noting again as winter approaches. That’s because Chenin is a white wine particularly well-suited to winter drinking. (Yes, even turkey—especially if it’s a Chenin from Vouvray.) A good Chenin can be made sparkling or still, dry or sweet or somewhere in the middle, though I tend to drink its dry versions the most. A top Chenin costs a fraction of what a top Chardonnay goes for—also worth considering when stocking up for holiday entertaining.

Persons: I’ve, — Locations: Vouvray, Loire, France, South Africa , Oregon , Texas, Argentina, New York

☆ European mobile data traffic to triple by 2028 -GSMA
▼ + stars: | 2023-11-23 | by ( ) www.reuters.com time to read: +2 min

The GSMA, which brings together more than 1,000 mobile phone operators and businesses, said 5G subscribers were interested in adding high-bandwidth services and content to their mobile contracts, as demand for high-quality gaming, extended reality, and video content grows. Mobile data traffic per smartphone will increase in Western Europe to 56 gigabytes (GB) per month in 2028, compared with 20 GB last year. In Central and Eastern Europe, it will rise to 37 GB per month from 14 GB in 2022, the lobby group said in its annual mobile economy report. More than 460 million Europeans, or 85% of the population, were connected to mobile internet in 2022, according to the GSMA. ($1 = 0.9168 euros)Reporting Diana Mandiá, editing by Milla Nissi and Emelia Sithole-MatariseOur Standards: The Thomson Reuters Trust Principles.

Persons: Denis Balibouse, GSMA, We're, Daniel Pataki, Diana Mandiá, Milla Nissi, Emelia Organizations: Soccer Football, FIFA, Qatar, REUTERS, Telecom Italia, Big Tech, Netflix, Microsoft, European Commission, Reuters, Thomson Locations: France, Argentina, Paris, Mobile, Western Europe, Central, Eastern Europe, Orange, Europe

☆ Euro bounces as investors cling to sliver of positive euro zone data
▼ + stars: | 2023-11-23 | by ( Amanda Cooper | ) www.reuters.com time to read: +5 min

REUTERS/Marcos Brindicci/File Photo Acquire Licensing RightsLONDON, Nov 23 (Reuters) - The euro rose on Thursday for the first time this week, after data suggested the downturn in the euro zone economy may be starting to ease, although holidays in the United States and Japan kept trading activity muted. The euro rose broadly, gaining the most against the Swedish crown , after the Swedish central bank left rates unchanged, while also gaining on the yen and the Swiss franc. The survey showed the euro zone economy is on track to contract again in the fourth quarter. Its PMI rose to 43.8 from 43.1, beating the poll expectation for 43.4 but was still below breakeven. Sterling was last up 0.5% on the day at $1.2558, having risen to a high of $1.2575 after the PMI data.

Persons: Marcos Brindicci, There's, Michael Brown, Brown, Geert Wilders, Sterling, Jeremy Hunt, Jeff Ng, Changpeng Zhao, Vidya Ranganathan, Lincoln, Emelia Organizations: REUTERS, Swiss, PMI, European Central Bank, Fed, University of Michigan, Sumitomo Mitsui Banking Corporation, Markets, Bank of Japan, Thomson Locations: Buenos Aires, Argentina, United States, Japan, Germany, Swedish, EU, Wednesday's, Netherlands, Asia, Singapore

[1/4] An illegal money changer checks old U.S. dollars at a marketplace in Harare, Zimbabwe, November 26, 2020. The government reintroduced the local currency in 2019, but it rapidly lost value. Zimbabwe's dollarization story is as full of warnings as it is with promise. During the five years before dollarization in 2000, the monthly measure of annualized inflation averaged 33% in Ecuador. "With our local currency we couldn't buy anything, it was very expensive to acquire things, so dollarization ... allowed people to have greater security in their purchases."

Persons: Javier Milei, Milei, Zimbabwe's, Bongiwe Mudau, Dollarization, dollarization, Mudau, Moses Mhlanga, Nestor Cerneaz, Wilson Andrade, Juan Carlos Villota, Guido Puig, Tito Correa, Nyasha, Miguel Lo Bianco, Rodrigo Campos, Adam Jourdan, Karin Strohecker, Rosalba O'Brien Organizations: REUTERS, Philimon, Rights, U.S ., Reuters, International Monetary Fund, hawker, Reuters Graphics Reuters, dollarization, Thomson Locations: Harare, Zimbabwe, Philimon Bulawayo, Rights QUITO, HARARE, BUENOS AIRES, Zimbabwe's, Quito, Ecuador, Argentina, El Salvador, greenbacks, Buenos Aires, Argentine, New York

☆ Holiday thins trading after data slows dollar's decline
▼ + stars: | 2023-11-23 | by ( Vidya Ranganathan | ) www.reuters.com time to read: +4 min

With markets shut in Japan and the United States for the Thanksgiving holiday, currencies barely moved and cash U.S. Treasuries weren't traded in Asia. By 0530 GMT, however, the euro was 0.15% higher at $1.0902 and the dollar index was a tad weaker at 103.71. Adding to investors' confusion, data showed orders for long-lasting U.S. manufactured goods fell more than expected in October, signalling an economy cooling considerably after hot third-quarter growth. The dollar's rebound comes after a three-week long spell of weakness driven by evidence of a slowing economy and disinflation, leading markets to price out any additional Fed rate hikes. The forward-looking flash November purchasing manager indexes (PMIs) are also due out globally on Thursday and should help investors assess recession risks and how quickly rate cuts will begin.

Persons: Marcos Brindicci, Treasuries weren't, Jeff Ng, Treasuries, policymaker Mario Centeno, Joachim Nagel, Sterling, Jeremy Hunt, Changpeng Zhao, Vidya Ranganathan, Lincoln Organizations: REUTERS, Rights, U.S, Federal, University of Michigan, Sumitomo Mitsui Banking Corporation, Fed, Bank of Japan, European Central Bank, Governing, PMI, Thomson Locations: Buenos Aires, Argentina, Rights SINGAPORE, Japan, United States, Asia, Britain, U.S

☆ Environmental Photographer of the Year 2023: Images of flood, drought and plastic pollution
▼ + stars: | 2023-11-23 | by ( Nell Lewis | ) edition.cnn.com time to read: +4 min

All three scenes were among the winning images of the Environmental Photographer of the Year 2023 competition, and all three were taken in Bangladesh. The country is one of the most vulnerable to climate change in the world, ranking seventh on the latest Global Climate Risk Index, based on data from 2000 to 2019. It’s prone to cyclones, tornadoes and floods, and it is estimated that by 2050, one in every seven people in Bangladesh will be displaced by climate change. He adds that this year’s competition saw entries from other regions also severely threatened by climate change, such as India, West Bengal, Antarctica and Argentina. With the image, he wants to communicate the impact of plastic pollution and hopes that when people see it, they might realize the consequence of throwing away plastic and change their behavior.

Persons: It’s, Hossain, ”, Solayman Hossain, Sam Sutaria, Apu, Sutaria Organizations: CNN, Chartered Institution of Water, Environmental Management, Nikon Locations: floodwater, Bangladesh, Rivers, Kushtia, India, West Bengal, Antarctica, Argentina, Dhaka

☆ Argentina hikes taxes on dollar savings and bank card purchases ahead of Milei taking power
▼ + stars: | 2023-11-23 | by ( ) www.reuters.com time to read: +1 min

A one hundred Argentine peso bill sits on top of several one hundred U.S. dollar bills in this illustration picture taken October 17, 2022. The change means that Argentines using dollar credit cards or buying foreign currency for savings will pay rates closer to those in alternative markets. This change comes after libertarian Milei, who proposes dollarizing Argentina's economy and eliminating the central bank, defeated the Peronist Economy Minister Sergio Massa in a presidential run-off on Sunday. To safeguard its limited foreign currency, Argentina set multiple exchange rates under strict controls in 2019. Reporting by Walter Bianchi; Writing by Natalia Siniawski; Edited by Eliana Raszewski and Marguerita ChoyOur Standards: The Thomson Reuters Trust Principles.

Persons: Agustin Marcarian, Javier Milei, Milei, Sergio Massa, Walter Bianchi, Natalia Siniawski, Eliana Raszewski, Marguerita Choy Organizations: Argentine, REUTERS, Peronist Economy, Thomson Locations: Argentina, Argentine

BUENOS AIRES, Argentina (AP) — Former President Donald Trump has told Argentina’s President-elect Javier Milei that he plans to travel to the South American country so the two can meet, Milei's office said Thursday. The office did not give a date for when Trump intends to be in Buenos Aires. The inauguration of Milei, a right-wing populist who has expressed admiration for Trump, is scheduled for Dec. 10. You will turn your country around and truly make Argentina great again,” Trump said in a video published on social media Tuesday. Milei has often been compared to Trump, whom he praised in an interview with former Fox News host Tucker Carlson earlier this year.

Persons: Donald Trump, Argentina’s, Javier Milei, Trump, “, Luis Majul, Jair Bolsonaro, Eduardo Bolsonaro, ” Milei, ” Trump, Milei, Tucker Carlson, Joe Biden, Biden Organizations: Trump, GOP, Fox News Locations: BUENOS AIRES, Argentina, American, Buenos Aires, United States, Milei

☆ Argentina's Milei thanks Chinese president, in softening of tone
▼ + stars: | 2023-11-23 | by ( ) www.reuters.com time to read: +2 min

Argentine presidential candidate Javier Milei addresses supporters as they react to the results of Argentina's runoff presidential election, in Buenos Aires, Argentina November 19, 2023. REUTERS/Agustin Marcarian Acquire Licensing RightsBUENOS AIRES, Nov 22 (Reuters) - Argentine President-elect Javier Milei on Wednesday thanked Chinese President Xi Jinping for a letter congratulating him on last Sunday's elections results, a softening of tone from earlier harsh criticism of China's communist leadership. "I thank President Xi Jinping for the congratulations and good wishes," Milei said on his personal X account. Since the election, Milei has softened his tone with many he has previously criticized, including his countryman Pope Francis. In a separate post on Wednesday, Milei thanked former U.S. President Donald Trump for congratulations from his campaign team and said he hoped to meet soon.

Persons: Javier Milei, Agustin Marcarian, Xi Jinping, Milei, Xi, Pope Francis, Donald Trump, Adam Jourdan, Gabriel Araujo, Sarah Morland, Kylie Madry Organizations: Argentine, REUTERS, South American Mercosur, Thomson Locations: Buenos Aires, Argentina, BUENOS AIRES, Argentine, China, Brazil

☆ Taylor Swift and Travis Kelce: NFL Commissioner Roger Goodell ‘welcomes’ attention surrounding pop star and tight end
▼ + stars: | 2023-11-23 | by ( Samuel Joseph | Sam Joseph | ) edition.cnn.com time to read: +3 min

CNN —The most famous relationship in the world right now has the stamp of approval from the National Football League’s (NFL) commissioner. Roger Goodell, who has served as commissioner since 2006, appeared on CBS Mornings ahead of the NFL’s Thanksgiving games and discussed the superstar pairing of singer Taylor Swift and Kansas City Chiefs tight end Travis Kelce. In October, Kelce and his brother said in their podcast that the NFL was “overdoing it a little bit” on social media regarding the romance between the pop star and the Chiefs tight end. I think it brings a little bit more to the atmosphere, brings a little bit more to what you’re watching. Kelce and Kansas City, who have a 7-3 record heading into Week 12 of the NFL regular season, will take on the Las Vegas Raiders at Arrowhead Stadium on Sunday.

Persons: Roger Goodell, Taylor Swift, Travis Kelce, ”, “, That’s, Swift, Travis, Football’s, Kelce, Jason, we’ve, ” Kelce, I’ve, I’m Organizations: CNN, National Football League’s, CBS, Kansas City Chiefs, NFL, Chiefs, New York Jets, February’s, Forbes, NBC, Arrowhead, Philadelphia Eagles, Kansas City, Las Vegas Raiders Locations: Buenos Aires, Argentina, Kansas

Labor union leaders said Thursday they are paying close attention to what the libertarian president-elect says and what they are hearing is in opposition to their interests. “In the moment they move forward with reforms related to labor rights, both individual and collective, and when the labor organizations affected by these adjustments request it, the CGT will take a stance,” Dear said. “We expect absolutely nothing from Javier Milei.”Catalano was one of the representatives of labor unions and social organizations who joined the Mothers of Plaza de Mayo in their weekly march in downtown Buenos Aires Thursday. There’s also concern among human rights organizations about a potential setback in policies that allowed for the prosecution of perpetrators of crimes against humanity during the dictatorship. Leaders of leftist social organizations also held a meeting Thursday to discuss their response to Milei’s policies and “a plan for struggle against austerity” that will involve street protests.

Persons: Javier Milei, ” Héctor, Pablo Biró, Milei, ”, ” Daniel Catalano, ” Catalano, There’s, “ it’s, Nicolás Saldías, ” Sadias, —, Débora Rey Organizations: Labor, Confederation, Airline Pilots Association, Aerolineas Argentinas, Milei, State Workers ’ Association, de Mayo, Economist Intelligence, Latin, Associated Press Locations: BUENOS AIRES, Argentina, “, Buenos Aires, Latin America, Caribbean, ” Argentina

☆ Argentina Is a Textbook Case of ‘Fiscal Dominance’
▼ + stars: | 2023-11-22 | by ( Greg Ip | ) www.wsj.com time to read: 1 min

Argentina’s president-elect has promised to end inflation by replacing the peso with the dollar and abolishing the central bank. Photo: Erica Canepa/Bloomberg NewsArgentina is the bedtime horror story that other economies use to scare each other. Long after other emerging markets had internalized fiscal and monetary rectitude, Argentina has continued to lurch from default to hyperinflation and back. So other countries may be tempted to conclude there is nothing to learn from the economic catastrophe that swept the radical populist Javier Milei to victory in this past weekend’s presidential election.

Persons: Erica Canepa, Javier Milei Organizations: Bloomberg, Argentina Locations: Argentina

☆ Explainer: What do we know about Israeli hostages in Gaza?
▼ + stars: | 2023-11-22 | by ( ) www.reuters.com time to read: +4 min

According to Israeli media and the Israeli government, up to 40 hostages being held are children, including a 10-month-old baby and preschoolers. The Israeli military said earlier this month that it recovered the bodies of two hostages in Gaza City, including 19-year-old soldier Noa Marciano. The Israeli military has said it found evidence that some hostages were held at or under hospitals. The military released video that it said also showed militants forcing two hostages into Shifa hospital on Oct. 7. Hamas released another video in October that showed three women hostages denouncing Israeli Prime Minister Benjamin Netanyahu.

Persons: Amir Cohen, Judith Raanan, Natalie Raanan, Nurit Cooper, Yocheved Lifshitz, Ori Megidish, Noa Marciano, Marciano, Lifshitz, Benjamin Netanyahu, HOW, Netanyahu, Cynthia Osterman, Deepa Babington Organizations: REUTERS, Hamas, WHO, Islamic, Israel Defence Forces, Reuters, Thomson Locations: Gaza, Tel Aviv, Israel, U.S, Thailand, Britain, France, Argentina, Germany, Chile, Spain, Portugal, Gaza City, Al Shifa, Jerusalem

☆ Israel–Hamas war: The hostage deal and ceasefire explained
▼ + stars: | 2023-11-22 | by ( ) www.reuters.com time to read: +7 min

Israeli tanks take position near a border with Gaza, amid the ongoing conflict between Israel and the Palestinian group Hamas, November 22, 2023. The pause will be extended by a day for each additional batch of 10 hostages released, Israel said in a statement. Qatar's chief negotiator in ceasefire talks, Minister of State at the Foreign Ministry Mohammed Al-Khulaifi, said that under the deal there would be "no attack whatsoever. The deal was announced 46 days after the start of the war, one of the most fierce conflicts to erupt between the two sides. The initial negotiations for a deal between Israel and Hamas, both sworn enemies, began within days of the Oct. 7 attack but progress was slow.

Persons: Amir Cohen, Israel, Salah al, Foreign Ministry Mohammed Al, Mahmoud Abbas, Joe Biden, Sheikh Tamim bin Hamad Al, Benjamin Netanyahu, Israel's, Edmund Blair, Howard Goller Organizations: Palestinian, Hamas, REUTERS, State, Foreign Ministry, Committee, WHO, U.S, Palestinian Prisoners Society, West Bank and, Palestinian Authority, Qatar, Qatari, United, Thomson Locations: Gaza, Israel, Qatar, Egypt, Gaza ., Argentina, Britain, Chile, France, Germany, Portugal, Spain, Thailand, U.S, West Bank and Jerusalem, Doha, United States, Sheikh Tamim bin Hamad Al Thani, Israeli, Cairo

German Chancellor Olaf Scholz attends as Italian Prime Minister Giorgia Meloni speaks during a news conference at the Chancellery in Berlin, Germany, February 3, 2023. With Scholz from the centre-left Social Democrats and Meloni from the rightist Brothers of Italy, the two leaders and their governments make for unlikely allies. These include the construction of a pipeline to transport gas and hydrogen between the two countries and approaches to tackle illegal migration. The German stance on illegal migration has converged more with the Italian one. In the plan, Berlin and Rome pledge to enhance regular dialogue - for example through meetings of their defence and foreign ministers - and coordinate more closely on key policies in general.

Persons: Olaf Scholz, Giorgia Meloni, Christian Mang, Giorgia, Scholz, Meloni, India's, Angelo Amante, Andreas Rinke, Sarah Marsh, Nick Macfie Organizations: REUTERS, Italian, Social Democrats, Meloni, Reuters, Thomson Locations: Berlin, Germany, BERLIN, Italy, Europe, Ukraine, Albania, Rome, France

☆ The US dollar is central to Argentina's plan to fix its broken economy. There's just one hitch.
▼ + stars: | 2023-11-22 | by ( George Glover | ) www.businessinsider.com time to read: +5 min

Argentina's new president Javier Milei wants to adopt the US dollar to tame sky-high inflation. There's a major problem with his plan to revive the ailing South American economy. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementRight-wing economist Javier Milei won Argentina's presidential runoff Sunday – and that means the country could soon ditch the peso for the US dollar. Under the president-elect's plan, the government would scrap the peso and replace it with the dollar.

Persons: Javier Milei, doesn't, —, Milei, Mary, Read, John Hopkins, Steve Hanke, Guillermo Ortiz, Nora Mazzini, Lucila Bonilla Organizations: Service, Central Bank of, US Federal Reserve, International Monetary Fund, Bank, Reuters, Bloomberg, Bank of Mexico, Economics, Oxford Economics Locations: Central Bank of Argentina, Ecuador, El, Panama, Argentina, Mar del Plata, Argentine

RIO DE JANEIRO (AP) — Lionel Messi's Argentina squad celebrated like they'd won the World Cup again after a dramatic 1-0 win over archrival Brazil on Tuesday. It was Brazil's first home defeat ever in World Cup qualifying, a game that was delayed because of a brawl between fans in the stands. It was also the first time since 2009 that the five-time World Cup winners failed to score in a home game. Political Cartoons View All 1262 ImagesMessi left the pitch in the 78th minute amid a mixture of jeers and applause from Brazil fans. The 2026 World Cup in the United States, Mexico and Canada will include 48 teams, meaning direct entry for the top six teams from South America.

Persons: — Lionel Messi's, they'd, Messi, Nicolás, Fernando Diniz, they're, Ángel di Maria, “, Rodrigo de Paul, kneeled, Cristian Romero, Gabriel Martinelli, Rodrygo, Dibu Martinez, Otamendi, Lionel Scaloni, Endrick, Joelinton, ___ Organizations: RIO DE, archrival Brazil, Maracana, Inter Miami, South, Copa America, Brazil, ”, FIFA Locations: RIO DE JANEIRO, — Lionel Messi's Argentina, Brazil, Barcelona, Argentine, Argentina, Rio de Janeiro, Maracana, Rio, Qatar, ” Argentina, Uruguay, Colombia, Venezuela, Ecuador, Paraguay, Chile, United States, Mexico, Canada, South America, Bolivia, Montevideo, Peru

China, the world's second-largest economy, is already a major investor in South America and has offered tariff-free access to its huge consumer market to four countries. But Uruguay faces opposition from other members of the Mercosur bloc who want to settle an FTA with Europe instead. By comparison, other major beef exporters Australia and New Zealand, which have FTAs with China, pay tariffs at 3.3% and 0%. The elevation of ties with Uruguay to the level of Brazil and Argentina also pushes the remaining Mercosur member Paraguay further outside China's global trade and investment network. Agriculture-dependent Paraguay, whose main exports include beef and soybeans, is the last South American nation that has ties with democratically governed Taiwan, which China claims as part of its territory, and not with Beijing.

Persons: Xi Jinping, Luis Lacalle Pou, Florence Lo, Lacalle Pou, Xi, Joe Cash, Ryan Woo, Ella Cao, Toby Chopra, Raju Gopalakrishnan, Chizu Nomiyama, Alexander Smith Organizations: Uruguayan, of, People, REUTERS, New Development Bank BEIJING, Mercosur, South, Nations, New Development Bank, China, United, Mercosur CET, National Meat Institute of, China's National Bureau of Statistics, Thomson Locations: Beijing, China, Uruguay, Argentina, Brazil Mercosur, American, Brazil, South America, Chile, Costa Rica, Ecuador, Peru, Europe, Australia, New Zealand, Shanghai, United States, MERCOSUR Uruguay, Brussels, Montevideo, Mercosur, National Meat Institute of Uruguay, Paraguay, Taiwan

☆ World Cup winner Scaloni contemplates walking away from Argentina job
▼ + stars: | 2023-11-22 | by ( Fernando Kallas | ) www.reuters.com time to read: +2 min

"Argentina needs a coach who has all the energy possible and who is well ... "These players have given a lot to the coaching staff and I need to think a lot about what I'm going to do. "These guys are making it difficult, so I need to think about it for a while. "We are sure and hope that Scaloni will continue," Argentina defender Cristian Romero told reporters. "Let's see now he will have time to think, he didn't say anything in the dressing room about it.

Persons: Lionel Scaloni, Scaloni, It's, Lionel Messi, Cristian Romero, Fernando Kallas, Nick Mulvenney Organizations: RIO DE, South, FA, Copa America, Thomson Locations: RIO DE JANEIRO, Brazil, Rio de Janeiro, Argentina, Qatar

☆ Dollarization will provide an 'incredible boost' to Argentina's economy, veteran emerging-markets investor says
▼ + stars: | 2023-11-22 | by ( Filip De Mott | ) www.businessinsider.com time to read: +2 min

A plan by Argentina's president-elect to dollarize the economy won the backing of Mark Mobius. The veteran emerging-market investor said the currency shift would be an "incredible boost" for the economy. The comments from the veteran emerging-market investor come after Javier Milei won Argentina's presidency over the weekend, bringing his dollarization plans a step closer to reality. Dollarization critics have warned that a sudden currency switch could trigger a recession, citing a shortage of dollar reserves at Argentina's central bank. AdvertisementMobius also warned that the current condition of Argentina's economy has made investing there difficult.

Persons: Mark Mobius, —, Javier Milei, Milei, Mobius, Milei's, it's Organizations: Service, Bloomberg, Argentina's, Mobius, Federal Reserve Locations: Argentina, Argentina's

Search resuls for: "argentina"

25 mentions found