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☆ Currency market subdued ahead of fresh U.S. economic data
▼ + stars: | 2024-03-14 | by ( ) www.cnbc.com time to read: +3 min

The currency market was sedate on Thursday, with the U.S. dollar consolidating against major peers as market players awaited more data out of the world's largest economy for clues on the direction of Federal Reserve policy. With the Fed widely expected to hold rates steady at its meeting next week, attention will be on the bank's updated economic projections. The dollar index , which measures the greenback against a basket of six currencies, was mostly flat at 102.77. Sources told Reuters that Japan's central bank will debate ending negative rates next week if big firms' wage talks yield strong results. Elsewhere, the euro was holding steady against the dollar at $1.0949, ahead of remarks by several European Central Bank officials on Thursday.

Persons: Kyle Rodda, Jerome Powell, Sterling, bitcoin Organizations: U.S, Federal Reserve, Fed, U.S ., PPI, Bank, Reuters, European Central Bank Locations: Buenos Aires, Argentina, U.S

☆ ‘World’s coolest’ streets for 2024 named by Time Out
▼ + stars: | 2024-03-13 | by ( Francesca Street | ) edition.cnn.com time to read: +6 min

To produce the 2024 lineup, the global listings guide’s network of editors and writers chipped in to make the case for their favorite streets in their respective cities. High Street’s also great for bar hopping, suggests Time Out, highlighting “intimate and exclusive” rooftop bar Gigi Rooftop and buzzing dance spot Francesca’s Bar. Commerical Drive in Vancouver, Canada is number five on Time Out's list of coolest streets. Rua da Boavista in Lisbon, Portugal is number seven on Time Out's list. High Street, Melbourne2.

Persons: company’s, Leah Glynn, Glynn, ” It’s, Gertrude Street, Melbourne’s omnipresence, ”, Street’s, Marco Finanzio, Gigi, ” Finanzio, “, Ben Mathieson, it’s, ” Matheison, Mathieson, Mo Temple, Kenny Dorham’s, Consell, Rua da, Kathy deWitt, Arnaldo Quintela, Consell de Organizations: CNN, Out, Smith, Casa Nata, CNN Travel, Hollywood, Michelin, East Eleventh, Wine Bar, Rua da Boavista, Bikram, Eleventh Locations: Melbourne, Out Melbourne, Australian, Northcote, Thornbury, Preston, Casa, Francesca’s, Vancouver, Canada, Hong Kong, Mo, Austin , Texas, Barcelona, Spain, Lisbon, Portugal, Bikram Yoga, Guatemala, Buenos Aires, Jalan Petaling, Kuala Lumpur, Tokyo, backstreets, Argentina, Malaysia, Rio de Janeiro, Brazil, Japan

☆ Argentina’s Milei accused of double standards in a scandal over a 48% pay raise
▼ + stars: | 2024-03-12 | by ( Sam Meredith | In Samuelmeredith | ) www.cnbc.com time to read: +2 min

Argentina's President Javier Milei gestures while delivering his first policy speech to parliament during the inauguration of the 142nd ordinary session of Congress in Buenos Aires on March 1, 2024. Argentina's Javier Milei has been accused of hypocrisy for orchestrating a substantial increase in presidential pay while pushing through an austerity package, in a scandal that has rocked the right-wing populist's government. It reflected a 48% increase in presidential pay from January. The libertarian economist, who has often been compared to former U.S. President Donald Trump, sought to defend the pay increase by claiming it was automatically triggered by a decree signed by former President Cristina Fernandez de Kirchner 14 years ago. Opposition lawmakers, however, said the president's own signature was used on a February decree that enabled the pay increase.

Persons: Javier Milei, Argentina's Javier Milei, Milei, Omar Yasin, Donald Trump, Cristina Fernandez de Kirchner, Cristina Kirchner Organizations: 142nd, Argentine Locations: Buenos Aires, Milei

☆ I was a stressed-out, type-A college student. My study abroad experience in Argentina helped me become less anxious.
▼ + stars: | 2024-03-11 | by ( India Amos | ) www.businessinsider.com time to read: +5 min

AdvertisementWhile pursuing a double major in undergrad at a small liberal arts college in Ohio, I was given an incredible opportunity to study abroad in Buenos Aires, Argentina. As a low-income, first-generation college student from West Virginia, this felt like an unparalleled opportunity to see the world. In Argentina, 'busy culture' doesn't existIn the US, many of us are conditioned to stay busy from an early age. During my months in Buenos Aires, almost nothing happened when it was scheduled to occur. As a student in Buenos Aires, I learned I didn't have to tackle my problems with an American perspective.

Persons: —, I've, I'd, we're, I'm Organizations: Service, Business, Buses Locations: undergrad, Ohio, Buenos Aires, Argentina, West Virginia, South America, American

☆ These 8,200-year-old cave paintings are the earliest ever found in South America
▼ + stars: | 2024-03-08 | by ( Story Reuters | ) edition.cnn.com time to read: +2 min

Neuquen, Argentina Reuters —Archaeologists have discovered the earliest dated cave paintings in South America in Argentine Patagonia, dating back 8,200 years. These proved to be the earliest direct dating of cave paintings in South America,” said Dr. Guadalupe Romero Villanueva, author of the research published in the Science Advances journal. The Argentinean archaeologist said the discovery indicates that the production of cave art began in the Huenul cave about 8,000 years ago and that the practice of painting the particular pattern seen in the cave was sustained for a period of at least 3,000 years. A general view of the Huenul 1 cave where scientists discovered the oldest dated cave art in South America, with nearly 8,200 years old, in Neuquen, Argentina March 3, 2024. Villanueva said there are other places in South America that could have older cave paintings, but which only have relative dating, like Argentina’s Cueva de las Manos, with cave paintings dating back 9,500 years.

Persons: “, ”, Guadalupe Romero Villanueva, Miguel Lo Bianco Miguel Lo Bianco, Romero Villanueva, Villanueva, Cueva, las Organizations: Argentina Reuters —, Argentine, REUTERS, National Council for Scientific, Research, las Manos Locations: Neuquen, Argentina, South America, Argentine Patagonia, Chilean, Buenos Aires, Patagonia

☆ Argentina Photo of Half Naked, Bowed Prisoners Shows Tough-On-Crime Shift
▼ + stars: | 2024-03-06 | by ( March | At P.M. | ) www.usnews.com time to read: +2 min

The governor of Santa Fe province, Maximiliano Pullaro, shared details on Tuesday of a recent police search operation in the Pinero prison complex, where several high-profile drug traffickers are housed. She has previously applauded Bukele's approach to drug-related crime and said she was "interested in adapting the Bukele model" to Argentina. "They are going to have it worse and worse," Pullaro wrote on his Instagram social media account, alongside a picture of the prisoners with naked torsos and their heads bowed surrounded by guards in military gear. "Orders come out from the prisons that make life impossible for the people of Santa Fe," the governor added. Santa Fe is home to the strategic grains port city of Rosario, which last year recorded one of the highest homicide rates in Argentina as criminal gangs fight over drug territory.

Persons: Lucinda Elliott, El, Nayib, Maximiliano Pullaro, Pinero, Patricia Bullrich, Bukele's, Pullaro, torsos, El Salvador's Bukele, Bukele, Javier Milei's, Alistair Bell Organizations: Reuters, El Salvador, Argentina's, Legal, Social Studies, Conservative Political, Conference Locations: Argentina, Santa Fe, Maximiliano, Rosario, Buenos Aires, Washington

☆ Get Ready for the Great Trump Diaspora
▼ + stars: | 2024-03-06 | by ( Paul Starobin | ) www.businessinsider.com time to read: +10 min

The Atlantic devoted an entire issue to the authoritarian horrors in store for America "If Trump Wins." AdvertisementA second Trump presidency, Speer said, could serve as a "catalyst" that further fuels the growing diaspora of Americans living in exile. Since 2015, Democrats Abroad, the foreign-based arm of the DNC, has nearly tripled its membership. Since 2015, Democrats Abroad, the foreign-based arm of the Democratic National Committee, has nearly tripled its membership, which now numbers in the hundreds of thousands. My wife and I are both Trump decriers, although we didn't begin our Italy property search to find a refuge from MAGA-infused America.

Persons: specter, Donald Trump —, Trump, Gallup, George W, Bush's, Barack Obama's, Doris Speer, Speer, —, Roe, Wade —, Martha McDevitt, Pugh, Emily, Francophiles, Ernest Hemingway, James Baldwin —, Nicole Kidman's, MAGA, batty, it's, John Galey, Paul Starobin Organizations: Washington Post, Trump, America, Association of Americans Resident Overseas, dodgers, DNC, Democratic National Committee, Leggett, Italy Facebook, Côte, IRS, Citizens Abroad, Los Angeles Times, New Books Network Locations: Umbria, Italy, Montana, Tuscany, Texas, Tennessee, America, Canada, Washington, Paris, United States, Iraq, Europe, Vietnam, Sedona , Arizona, Portugal, Spain, France, United Kingdom, Norway, Netherlands, Hong Kong, Bangkok, Buenos Aires, Golden, California, MAGA

☆ Dollar eases as Fed clues awaited; bitcoin hits 2-year high
▼ + stars: | 2024-03-04 | by ( ) www.cnbc.com time to read: +3 min

U.S. one hundred dollar bills are being shown in this picture illustration taken in Buenos Aires, Argentina, on Dec. 15, 2023. The U.S. dollar drifted weaker on Monday, pressured by lower Treasury yields, as traders waited for more crucial economic data for fresh clues on the timing of Federal Reserve interest rate cuts. The U.S. dollar drifted weaker on Monday, pressured by lower Treasury yields, as traders waited for more crucial economic data for fresh clues on the timing of Federal Reserve interest rate cuts. The euro was firm following Friday's 0.33% advance, with a European Central Bank, or ECB, policy decision looming on Thursday. That also weighed on Treasury yields, removing additional support for the dollar, with the benchmark 10-year yield sliding as low as 4.178% for the first time in two weeks.

Persons: Bias, Jerome Powell's, Kazuo Ueda, Hajime Takata, Christine Lagarde's, Bitcoin Organizations: U.S, European Central Bank, Bank of, Treasury, Congress, Westpac, ECB Locations: Buenos Aires, Argentina

☆ I spent 22 days in a 212-square-foot cabin on the Holland America Oosterdam. Take a look inside.
▼ + stars: | 2024-02-23 | by ( Erin Yarnall | ) www.businessinsider.com time to read: +1 min

My grandma, cousin, and I went on a 22-day cruise on Holland America's Oosterdam. We stayed in a 212-square-foot stateroom for $3,175 per person, or $144 a day. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. AdvertisementMy grandma, cousin, and I went on a 22-day cruise on Holland America's Oosterdam ship. Take a look inside.

Persons: Oosterdam, — Organizations: Service Locations: Holland, Buenos Aires, Chile, Santiago

☆ From Blinken to Trump: Javier Milei’s Strange Trip
▼ + stars: | 2024-02-23 | by ( Jack Nicas | ) www.nytimes.com time to read: +1 min

President Javier Milei of Argentina hosted U.S. Secretary of State Antony J. Blinken in Buenos Aires on Friday morning to discuss the various ways Mr. Milei is reshaping Argentina foreign policy in line with the United States. A few hours later, both men were set to board separate planes for Washington. Mr. Blinken was going back to the White House and President Biden. Mr. Milei was headed to the Conservative Political Action Conference, or CPAC, where he would take the stage ahead of former President Donald J. Trump and give a speech that would almost certainly rail against the dangers of the left. In addition to being Argentina’s largest foreign investor and its third-largest trade partner, the United States has the most control of any country over the International Monetary Fund, to which Argentina owes $40 billion.

Persons: Javier Milei, Antony J, Blinken, Biden, Milei, Donald J Organizations: U.S, White, Conservative Political, Conference, Trump, Argentine, International Monetary Fund Locations: Argentina, Buenos Aires, United States, Washington

CNN —US Secretary of State Antony Blinken on Friday declared that any expansion of Israeli settlements in the West Bank would be inconsistent with international law - reversing a Trump era position that broke with longstanding US policy. “They’re also inconsistent with international law. The Trump administration had reversed US policy to declare that settlements did not violate international law. The top US diplomat said he was “disappointed” by reports that Israel would expand the settlements in the occupied West Bank. “It’s been a longstanding US policy, under both Republican and Democratic administrations, that new settlements are counterproductive to the cause of peace– frankly, they’re also inconsistent with international law, and this administration maintains this firm opposition to settlement expansion,” he said.

Persons: Antony Blinken, “ It’s, ” Blinken, “ They’re, Trump, Mike Pompeo, ” Israel’s, Bezalel Smotrich, Blinken, ”, John Kirby, they’re Organizations: CNN, West Bank, Republican, Democratic, Trump, White, National Security Locations: Buenos Aires, Israel

☆ Blinken Says New Israeli Settlements in West Bank Are Illegal, Reversing a Trump Policy
▼ + stars: | 2024-02-23 | by ( Edward Wong | ) www.nytimes.com time to read: +1 min

Secretary of State Antony J. Blinken said on Friday that the American government now considers new Israeli settlements in Palestinian territories to be “inconsistent with international law,” reversing a policy set under the Trump administration and returning to a decades-long U.S. position. Mr. Blinken spoke at a news conference in Buenos Aires, after Israel’s finance minister, Bezalel Smotrich, made an announcement on Thursday indicating thousands of new residences would be added to settlements. “It’s been longstanding U.S. policy under Republican and Democratic administrations alike that new settlements are counterproductive to reaching enduring peace,” he said. And in our judgment, this only weakens — it doesn’t strengthen — Israel’s security.”Mr. Blinken was in Argentina for meetings with the recently elected president, Javier Milei, and the foreign minister, Diana Mondino. State Department officials declined to say what actions, if any, the United States might take to hold Israeli settlers or the government legally accountable for the building of new settlements.

Persons: Antony J, Blinken, Trump, Bezalel Smotrich, ”, “ It’s, “, Mr, Javier Milei, Diana Mondino, John F, Kirby Organizations: Republican, Democratic, State Locations: Buenos Aires, U.S, Argentina, Washington, United States

☆ Are these the most beautiful coffee shops in the world?
▼ + stars: | 2024-02-17 | by ( David Tran | ) edition.cnn.com time to read: +12 min

The Budapest Café is one of many eye-catching businesses featured in “Designing Coffee: New Coffee Places and Branding,” a coffee table book — no pun intended — that puts the world’s most photogenic, eccentric cafés and roasters on display. Its "bright, playful design and color palette transform a former dental office into a bustling and vibrant bakery café," Kingston writes in "Designing Coffee." In an increasingly competitive coffee industry, coffee shop owners are putting thoughts into how their spaces are designed. Across its ambience and menu, the Genovese Coffee House in Sydney offers Australian consumers an "espresso" ticket to Mediterranean café culture. Anson Smart/Genovese Coffee House/Courtesy gestaltenElsewhere, Genovese Coffee House (pictured above) in Sydney, Australia drew inspiration from Italian coffee culture.

Persons: James Morgan, they’re, Wes Anderson, Lani Kingston, Kingston, Mikhail Loskutov, Yuh Nguyen, Luca Rinaldi, Jamie Yelo, Urbain, Jin Weiqi, Marco Pinarelli, Julius, Damir Otegen, Karin Pasterer, Hernan Taboada, Carlos Artalejo, Xavier Alexander, Alexander, ”, “, ” Alexander, ” Kingston, David Dworkind, ” “, ’ ”, Fritz, K Kim, Angela Wijaya, Fritz Coffee, Ben Hamilton, Anson Smart, “ It’s Organizations: Budapest Cafe, CNN, Portland State University, Melrose, Rupertinum, Salzburg's Museum of Modern Art, Kingston, Fritz Coffee Company, Coffee House, Genovese Coffee, Coffee Locations: Budapest, Chengdu, China, Odessa, Ukraine, Hanoi, Vietnam, Milan, Italy, Taipei, Taiwan, Montréal, Canada, Beijing, Ho Chi Minh City, Central Highlands, Kyiv, Ukraine's, Hong Kong, Forme, Beirut, Lebanon, Almaty, Kazakhstan, Salzburg, Austria, 220GRAD, Buenos Aires, Argentina, Caffettiera, Montreal, Asia, Seoul, South Korea, Belfast, Los Angeles, California, Sydney, Australia

☆ Dollar steady as traders weigh economic data, yen fragile
▼ + stars: | 2024-02-16 | by ( ) www.cnbc.com time to read: +4 min

The dollar was steady on Friday, on track for its fifth straight weekly gain, as investors take stock of economic data and firm expectations of the Federal Reserve cutting rates in June, while the yen traded at the psychologically key 150 per dollar level. But overall market expectations on the timing of the first Fed cut and magnitude of the cut will continue to drive volatility in FX markets." "We will likely soon contemplate the appropriate time for monetary policy to become less restrictive," Bostic said. Investor focus has been on comments from policymakers, with Federal Reserve Chair Jerome Powell due to give the Senate banking committee its biannual monetary policy update on March 7. The Australian dollar eased 0.20% to $0.651, while the New Zealand dollar is down 0.21% to $0.609.

Persons: Christopher Wong, Raphael Bostic, Bostic, Jerome Powell, pare, Kieran Williams, bitcoin Organizations: Federal Reserve, PPI, Federal Reserve Bank of Atlanta, Federal, Asia FX, InTouch, Markets, New Zealand Locations: Buenos Aires, Argentina, Singapore, U.S, Japan, Asia, Germany

☆ Mysterious Pattern in a Cave Is Oldest Rock Art Found in Patagonia
▼ + stars: | 2024-02-14 | by ( Becky Ferreira | ) www.nytimes.com time to read: +1 min

In the stark inland desert of Patagonia in Argentina, there is a remote cave decorated with nearly 900 paintings of human figures, animals and abstract designs. Until recently, archaeologists had assumed that the rock art at this site, known as Cueva Huenul 1, was created within the past few thousand years. Cave artists continued to draw the same comb design in black pigment for thousands of years, an era when other human activity was virtually absent at the site. The cave art provides a rare glimpse of a culture that may have relied on this design to communicate valuable insights across generations during a period of climactic shifts. These early inhabitants thrived at Cueva Huenul 1 for generations, leaving signs of habitation.

Persons: Cueva Huenul, ”, Guadalupe Romero Villanueva, CONICET Organizations: Argentine, National Institute of Anthropology, Cueva Huenul Locations: Patagonia, Argentina, Buenos Aires, South America, Cueva

☆ The 'Poor Things' choreographer breaks down that mesmerizing dance scene, which took over 12 hours to shoot
▼ + stars: | 2024-02-14 | by ( Jason Guerrasio | ) www.businessinsider.com time to read: +8 min

AdvertisementOne of the most joyously off-kilter scenes in Yorgos Lanthimos' "Poor Things" starts with a declaration. Below, Business Insider spoke with "Poor Things" choreographer Constanza Macras to break down exactly how the scene came together. "I was amazed how precise the performer did the dance," Macras told Business Insider with a laugh. Advertisement"I got the script, actually the full script, and that was very nice because it wasn't just the scene," Macras said. Emma Stone filming the dance scene in "Poor Things."

Persons: Emma Stone, Mark Ruffalo, Lanthimos, Constanza Macras, Macras, Stone, —, Yorgos, Bella, Emma Stone's, Godwin Baxter, Willem Dafoe, Duncan Wedderburn, rebuffing Wedderburn, DorkyPark, Duncan, Ruffalo, Mark, Emma, she'd Organizations: Service, Searchlight Locations: Portuguese, Victorian London, Lisbon, Buenos Aires

VATICAN CITY (AP) — Argentina’s faith and politics came together Sunday as Pope Francis canonized the country’s first female saint with Argentina's libertarian president, Javier Milei, sitting in the front row of St. Peter’s Basilica. The Mass to declare Mama Antula a saint marked the first meeting between the Argentine pope and Milei, who once called Francis an “imbecile” for defending social justice. Milei is to meet privately with Francis on Monday, before also having private talks with Italy’s far-right Premier Giorgia Meloni and the president. “It’s a gift of God that Pope Francis — an Argentine pope, a Jesuit pope — can canonize her,” he said. “But Mama Antula is a saint independent of Francis.”

Persons: Pope Francis, Javier Milei, Mama Antula, Milei, Francis, ”, Francis ’, —, Italy’s, Giorgia Meloni, ” Francis, Moses, “, María Antonia de Paz y Figueroa, Silvia Correale, Mama, Mama Antula's, ” Correale, Ignatius, Jorge Ignacio García Cuerva, Antula, Pope Benedict XVI, Pope Francis — Organizations: VATICAN CITY, Argentine, Associated Press, St, Catholic Church Locations: Peter’s, Argentina, Rome, Israel, Argentine, Jerusalem, Buenos Aires, Uruguay

☆ First Female Argentine Saint Brings Together Pope Francis and Milei
▼ + stars: | 2024-02-10 | by ( Feb. | At P.M. | ) www.usnews.com time to read: +2 min

By Alvise ArmelliniVATICAN CITY (Reuters) - Pope Francis on Sunday will elevate to sainthood the first female saint from his native Argentina, an event that will be attended at the Vatican by his former strong critic, Argentine President Javier Milei. Milei, a maverick right-wing libertarian, in the past called Francis an "imbecile", a "son-of-a-bitch preaching communism" and the devil's man on earth - but has softened his tone since taking office in December. Francis has said he hopes to be able make his first trip back to his homeland since being pope in 2013 in the second half of this year. Francis, himself a Jesuit, described her on Friday in a meeting with pilgrims from Argentina as a "gift to the Argentine people and also to the entire Church," praising her dedication to the poor. Quoting from his past writings, the pope condemned the "radical individualism" that permeates today's society as a "virus", in words that may jar with Milei's radical free-market instincts.

Persons: Alvise, Pope Francis, Javier Milei, Francis, Maria Antonia de Paz y Figueroa, Mama Antula, Milei, Sergio Mattarella, Giorgia Meloni, Lucinda Alice Elliot, Clelia Oziel Organizations: CITY, Jesuit Locations: Argentina, Argentine, St Peter's, America, Israel, Italy, Buenos Aires

☆ Coldplay has a request: They really, really want to play in China
▼ + stars: | 2024-02-10 | by ( Heather Chen | ) edition.cnn.com time to read: +10 min

He really, really wants to play in China. “I promise we’ll play in China one day,” Martin said to the screaming crowd when he invited two lucky fans up on stage. “You know, we can’t get the permission (to play in China),” he told concertgoers. Chris Martin and Coldplay aren’t alone in wanting to serenade mainland Chinese audiences. Chinese authorities have also been known to vet the content of shows, including setlists and lyrics.

Persons: Hong Kong CNN — Coldplay, Chris Martin, “, ” Martin, don’t, Coldplay, ”, Martin, concertgoers, “ Coldplay, China …, Paul Kane, Coldplay aren’t, Jon Bon Jovi, Jovi, Bon Jovi’s, Lama, Xi Jinping, –, Xi, Golshifteh Farahani, “ Young, Bjork, Justin Bieber, Katy Perry's, Sam Yeh, Katy Perry, Madonna, James Hetfield, we’re Organizations: Hong Kong CNN, CNN, Coldplay, Tourism Ministry, Oasis, Communist Party, China’s Communist Party, Tibet, Municipal, of Culture, Getty, Taiwan, Chinese Culture Ministry, South China Morning Locations: Hong Kong, Thailand, China, Guangzhou, British, Asia, Tokyo, –, Beijing, Shanghai, Macao, Covid, Bangkok, Singapore, Kuala Lumpur, Worth, Iranian, Buenos Aires, Iran, Taipei, AFP, Taiwan

☆ I quit my dream job at 32 and spent $34,000 to travel the world—here are my 4 biggest regrets
▼ + stars: | 2024-02-09 | by ( Helen Zhao | ) www.cnbc.com time to read: +4 min

I was 28 years old when I landed my dream video producer job at CNBC. After all, I'd spent most of my adult life focused on the future. So I quit my job at 32, bought a one-way ticket to Peru, and spent a year and a half — and $34,000 — exploring 18 countries across South America and Asia. I spent a lot of my life savings, delaying other goalsThe $34,000 I spent on my sabbatical was a significant portion of my life savings. Siem Reap, Cambodia Helen ZhaoI wish I'd continued investing throughout my travels, putting $200 each month into a large-cap index fund.

Persons: I'd, Helen Zhao, I'm, Roth, Cambodia Helen Zhao Organizations: CNBC, UCLA, Roth IRA Locations: Peru, South America, Asia, Rio De Janeiro, Buenos Aires, Argentina, Brazil, Rio, Bogotá, Colombia, Los Angeles, Siem Reap, Cambodia

☆ Argentina's Milei Calls on Two Officials to Resign After Reform Setback
▼ + stars: | 2024-02-09 | by ( Feb. | At P.M. | ) www.usnews.com time to read: +1 min

BUENOS AIRES (Reuters) - Argentine President Javier Milei on Friday called for two government officials to resign, saying he needed greater commitment to his agenda after congress rejected his reform package earlier in the week. Milei, a self-defined anarcho-capitalist who took office in December, called for Mining Secretary Flavia Royon and Osvaldo Giordano, head of the country's ANSES social insurance agency, to step down. Congress' rejection of the omnibus bill on Tuesday marked a major setback for Milei, who has accused opposition lawmakers of "betrayal". "I wish the president a great administration and wherever I go I will continue to work for the good of Argentina," he said. On Friday he was in Rome, where he is scheduled to meet with his countryman Pope Francis.

Persons: Javier Milei, Flavia Royon, Osvaldo Giordano, Milei, Giordano, Royon, Pope Francis, Maximilian Heath, Sarah Morland, Cynthia Osterman Organizations: BUENOS AIRES, Reuters, Mining, Peronist Locations: BUENOS, Argentine, Argentina, Rome

☆ Trump-admiring populist Milei lashes out at Argentina's governors after major reform bill setback
▼ + stars: | 2024-02-07 | by ( Sam Meredith | Www.Linkedin.Com In Samuelmeredith | ) www.cnbc.com time to read: +2 min

Argentina's President Javier Milei accused governors of seeking "to destroy" his sweeping economic reform bill, shortly after his ruling party abruptly withdrew the package from the floor of the country's lower house. The so-called "omnibus" bill, which had received support in general terms from opposition lawmakers last week, was rejected on Tuesday during an article-by-article approval process. The package of measures is a core tenet of Milei's push to reform Latin America's third-largest economy. Among other issues, the bill seeks to privatize state entities, increase penalties for social protests and scale back some environmental protections. Milei's Libertad Avanza party has pledged to send the bill back to committees to be debated when governors "understand that it is the people who need it, not the government."

Persons: Javier Milei, Jimena Blanco, Verisk Maplecroft Organizations: National, CNBC Locations: Argentina, Buenos Aires, Americas

☆ In Major Setback for Argentina's Milei, Sweeping Reform Bill Sent Back to Committee
▼ + stars: | 2024-02-06 | by ( Feb. | At P.M. | ) www.usnews.com time to read: +1 min

BUENOS AIRES (Reuters) - A major economic reform package championed by Argentina's libertarian President Javier Milei will be sent back to a legislative committee for consideration, the president's party said on Tuesday, marking a major setback for the bill after lawmakers rejected many of its provisions. The rejections played out during the article-by-article approval process, after legislators voted to approve the so-called "omnibus" proposal in general terms late last week. Some opposition legislators called on those backing the reform package to compromise. "We ask the ruling party to have some flexibility. They love to keep losing," said opposition lawmaker Miguel Pichetto during the legislative session.

Persons: Javier Milei, Miguel Pichetto, Nicolas Misculin, David Alire Garcia Organizations: BUENOS AIRES, Reuters Locations: BUENOS, Libertad

☆ Dollar scales fresh peaks as Fed cut bets recede
▼ + stars: | 2024-02-05 | by ( ) www.cnbc.com time to read: +3 min

"A one-two punch from Jay Powell's FOMC presser and a very strong nonfarm payrolls report have essentially closed the door on a March rate cut," said Chris Weston, head of research at Pepperstone. The Japanese yen was last 0.15% lower at 148.58 per dollar, having hit a trough of 148.82 earlier in the session. Treasury yields also jumped on expectations of higher-for-longer U.S. rates, with the two-year yield, which typically reflects near-term interest rate expectations, last up nearly seven bps at 4.4386%. That did little to help the yuan, with the offshore yuan last marginally lower at 7.2182 per dollar, pressured by a stronger greenback. "So far we've just seen speculation and some media reports talking about further support for the equity market or the property market.

Persons: Jerome Powell's, Jay Powell's FOMC presser, Chris Weston, Powell, Carol Kong, CBA's Organizations: Federal Reserve, New, Traders, Fed, CBS, Sterling, Commonwealth Bank of Australia, Treasury Locations: Buenos Aires, Argentina, New Zealand

☆ In South America, African-Inspired Religions Gain More Followers
▼ + stars: | 2024-02-03 | by ( Feb. | At A.M. | ) www.usnews.com time to read: +5 min

Followers of African-based religions are on the rise in South America new data shows, a reflection of how the region's African heritage is gaining a greater voice beyond Brazil where such traditions are widely recognized. Surveys on religious beliefs in Argentina and Uruguay point to a rising number of people who identify with African-inspired faiths. Over 2% of Uruguayans identify as followers of African-inspired faiths like Umbanda. Oral histories and traditions associated with the African-based religions have long been misunderstood or demonized as "witchcraft," she said. "We've made strides in terms of the laws around practicing our religion, that in theory protect against discrimination," she said.

Persons: Lucinda Elliott, Mother Susana Andrade, Mae Susana de Oxum, Sasha Curti, Ramirez, Curti, Candomblé, Yemanjá, WE'VE, Victoria Sotelo, Greta Pena, stigmatization, Andrade, We've, Aurora Ellis, David Gregorio Organizations: Uruguayan, Federation of, University of the, Diaspora, Argentina's National Institute Locations: Candelaria Grimberg MONTEVIDEO, Africa, Federation of Uruguay, South America, Brazil, Argentina, Uruguay, Montevideo, Uruguayan, University of the Republic, Argentine, Paraguay, European Argentina, Candelaria, Buenos Aires

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