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Pope Francis received an emotional welcome on the island during a visit showing solidarity with migrants fleeing war and poverty. ARIS MESSINIS/AFP/Getty Images Pope Francis confesses in St. Peter's Basilica during the Vatican's Penitential Celebration on Friday, March 4, 2016. Alessandro Di Meo/AP Pope Francis arrives for his visit with prisoners in Santa Cruz, Bolivia, on Friday, July 10, 2015. Franco Origlia/Getty Images Pope Francis and Ecumenical Patriarch Bartholomew I address the faithful in Istanbul on Sunday, November 30, 2014. Gokhan Tan/Getty Images Pope Francis speaks during the feast-day Mass while on a one-day trip to Italy's Calabria region in June 2014.
Persons: Pope Francis, Cardinal Michael Czerny, Francis, , , Regina Coeli, Vincenzo Pinto, Juan Manuel Santos, Santos, Alessandra Tarantino, L'Osservatore Romano, VINCENZO PINTO, Simon Bar Sabbae, Pope, FILIPPO MONTEFORTE, Karekin, TIZIANA FABI, Giuseppe Ciccia, MAX, Pope Francis tries, Pope Benedict XVI, Alessandro Di Meo, Evo Morales, OSSERVATORE ROMANO, Vladimir Putin, Putin, Federico Lombardi, Lombardi, Gregorio Borgia, Getty Pope Francis, Raul Castro, Castro, GABRIEL BOUYS, ANDREAS SOLARO, Kurukkal SivaSri, Mahadeva, Pope Francis in, Eranga, Franco Origlia, Bartholomew I, Gokhan Tan, San Gregorio Magno, Queen Elizabeth II, Prince Philip , Duke of Edinburgh, Oli Scarff, Barack Obama, SAUL LOEB, Santa Sabina, Max ROSSI, Daniele De Sanctis, Pope Francis ', FABIO FRUSTACI, Benedict XVI, Benedict, L'OSSERVATORE ROMANO, Osservatore Romano Pope Francis, Vinicio Riva, Riva, CLAUDIO PERI, Rainbow Association Marco Iagulli Onlus, Fotografia, Father Don Renzo Zocca, Osservatore Romano, LUCA ZENNARO, Jorge Saenz, Dan Kitwood, Jesus, Internationalis Paulus VI, Argentine Cardinal Jorge Mario Bergoglio, Roman Catholic Church's, Peter Macdiarmid, Pope Francis Prev, it’s, He’s, Filippo Monteforte, Donald Trump’s, Czerny, Trump, Donald Trump, Melania, Evan Vucci, Reuters “, ” Cardinal Czerny, Cardinal Czerny, doesn’t, Francis ’, “ Jesus Organizations: CNN, Getty Images, Colombian, Revolutionary Armed Forces, International Catholic Rural Association, Vatican, AFP, Getty, Catholic Chaldean, St, Mercy, ARIS MESSINIS, MAX ROSSI, Getty Images Bolivian, Cuban, Sunday, Queen, getty, Rainbow Association, Renault, Catholic, Roman Catholic, Intelligence, Warner Bros, Discovery, , Republican, Reuters Locations: St, AFP, Colombia, Rome, Tbilisi , Georgia, Auschwitz, Birkenau, Poland, Etchmiadzin, Yerevan, Armenia, Vatican City, Moria, Lesbos, Peter's, Mexican, Havana, Cuba, Mexico, Santa Cruz , Bolivia, South America, Ecuador, Paraguay, La Paz, Bolivia, Italian, Ukraine, Iraq, Syria, Havana and Washington, Vatican, Pope Francis in Colombo, Sri Lanka, Istanbul, Italy's Calabria, Jerusalem's Old City, Argentina, Roman Parish, San, Rome's, Santa, Brazil, Rio de Janeiro, Argentine, America, Gaza, Nove, Lampedusa, Italy, Ciampino, Czechoslovakia, Canada, United States, Africa
On Tuesday, in a ceremony that, of course, involved a soccer ball, the Argentine soccer superstar Lionel Messi pressed a button and a bottle of champagne smashed against the bow of Icon of the Seas, christening the world’s largest cruise ship at its home port of Miami. Like an A-list celebrity stepping onto the red carpet, the arrival of Royal Caribbean’s 250,800-ton ship has captured the world’s attention, with some marveling over its cutting-edge features, like the largest water park at sea, while others criticize the gigantic ship’s potential to damage the environment. With the capacity to carry nearly 8,000 people, the 20-deck, 1,198-foot-long vessel — whose inaugural cruise with paying passengers departs Jan. 27 — is the size of a small city. There are eight “neighborhoods” packed with amenities that include a 55-foot waterfall, six water slides and more than 40 restaurants, bars and entertainment venues.
Persons: Lionel Messi Locations: Argentine, Miami
Read previewThe World Economic Forum in Davos is in full swing, but one of the great and good is not in Switzerland this week: Elon Musk. Grok roasts Klaus Schwab at WEF pic.twitter.com/zzpaNTWnKm — Elon Musk (@elonmusk) January 18, 2024However, Musk was full of praise for one Davos attendee : Argentine president Javier Milei. It received plenty of legitimate criticism , but also sparked conspiracy theories that believe it is a sinister plan by elites to use the Covid-19 pandemic to control the world. Comments under his X post "roasting" Schwab also featured several posts alluding to conspiracy theories surrounding the WEF. The World Economic Forum did not immediately respond to a request for comment from Business Insider.
Persons: , Elon, Klaus Schwab, Grok roasts Klaus Schwab, zzpaNTWnKm — Elon, Musk, Javier Milei, D254kMpgDh — Elon, Milei, who's, Schwab, chatbot, hadn't, He's, Prince, Wales Organizations: Service, Economic, Business, World Economic Locations: Davos, Switzerland, WEF, Argentine, Argentina
By Philip PullellaVATICAN CITY (Reuters) - Pope Francis on Wednesday urged political, economic and business leaders at the World Economic Forum (WEF) in Davos to look beyond profit and try to heal an "increasingly lacerated" world with moral and ethical decisions. In his message to the world's movers and shakers meeting at the Swiss resort, Francis urged them to tackle the "injustices that are at the root causes of conflict", primarily hunger and the exploitation of natural resources for the benefit of the few. "How is it possible that in today's world people are still dying of hunger, being exploited, condemned to illiteracy, lacking basic medical care, and left without shelter?" The Argentine-born pope, the first from the Global South, said the world situation required that "businesses themselves be increasingly guided not simply by the pursuit of fair profit, but also by high ethical standards". The "widespread exploitation" of male, female and child labourers with low wages and no real prospects for personal and professional development must stop, he said.
Persons: Philip Pullella, Pope Francis, Francis, , Mark Potter Organizations: CITY, Wednesday, Economic Locations: Davos, Swiss, States, Argentine
“The Argentine economy is in such bad shape that it has to be shaken up. President Milei and his team are doing exactly that,” she said during an interview in Davos. He has also devalued Argentina’s currency. However, some of Milei’s measures, such as the devaluation, are also likely to stabilize Argentina’s economy in the medium term, Sperrfechter said. Among his most radical plans, Milei has pledged to ditch the peso as Argentina’s official currency and replace it with the US dollar.
Persons: London CNN —, ” “, ” Javier Milei, , Milei, Juan Peron, Kristalina Georgieva, CNN’s Richard Quest Wednedsay, Milei’s, Kimberley Sperrfechter, Sperrfechter, It’s Organizations: London CNN, Economic, Council, Foreign Relations, Reuters, International Monetary Fund, IMF, Argentine, Capital Economics, CNN, , US Federal Reserve Locations: Davos, Switzerland, Argentina, Argentine, US, “ Argentina
The Spaniard went on to be crowned the Best Men’s Coach after guiding City to the treble last season. That is not normal – for anything in history.”Manchester City Pep Guardiola poses with the trophy after being named the best men's coach in 2023. Later, shortlists were determined by two separate panels of experts in men’s and women’s football. Players past and present were in attendance, including the likes of Brazilian great Ronaldo and the newly crowned Women’s Best Player, Aitana Bonmatí. I’m very happy about how women’s football has evolved in Brazil and in the world.
Persons: CNN —, Pep Guardiola, Romina Polenta, Polenta, Lionel Messi, Kylian Mbappé, Erling Haaland, , Messi, ” Polenta, Manchester City Pep Guardiola, Michael Regan, Johanne Perraud, “ Kiki, , Perraud didn’t, murmurs, shortlists, Ronaldo, Aitana Bonmatí, Oussama Nacer, I’ve, Nacer, Thierry Henry, ” Johanne Perraud, Romina, Matias Grez, Spain’s Jennifer Hermoso, Luis Rubiales, Rubiales, Hermoso, Sarina Wiegman, Marta, “ There’ll, I’m, It’s, Hugo Íñiguez, Íñiguez’s, Íñiguez Organizations: CNN, FIFA, Manchester City, Spaniard, CNN Sport, Qatar, Inter Miami, MLS, Nacer, Royal Spanish Football Federation, Argentine, Colón, Salta Rodríguez Locations: London, Argentina, Qatar, Buenos Aires, France, men’s, Spain, Brazil, Salta
CNN —Pope Francis on Sunday said he hopes to make his first trip to his homeland of Argentina since becoming pontiff more than a decade ago, as the South American nation grapples with an economic crisis. New Argentine President Javier Milei, who once called Francis “an envoy of Satan,” last week formally invited the pontiff to the country, which faces triple-digit hyperinflation and soaring poverty. It’s a difficult moment for the country,” the 87-year-old pope told talk show “Che Tempo Che Fa,” on Italian channel Nove. The “possibility of making a trip to Argentina in the second half of the year” is being considered, possibly after a visit in Polynesia in August, Francis said. “I would make the trip to Argentina if it can be done.
Persons: Pope Francis, Javier Milei, Francis “, Satan, , Francis, Organizations: CNN, Sunday, New, , Warner Bros, Discovery, Locations: Argentina, American, New Argentine, Polynesia, Nove, Ukraine
Davos Welcomes Global Elites to Solve World’s Problems
  + stars: | 2024-01-14 | by ( Tim Smart | Jan. | At A.M. | ) www.usnews.com   time to read: +4 min
Political, business and other elites will gather once again Monday for the World Economic Forum’s 54th annual meeting in the Alpine hamlet of Davos, Switzerland, to tackle the thorniest of problems, from war to inequality to climate change. The forum is not without its own controversy, having been pegged over the years as a haven for globalists and ruling elites. This year’s conference comes on the heels of a report released Wednesday by think tank The Conference Board detailing findings from a survey of global business leaders, which showed a global economic downturn and inflation are among the top concerns of CEOs worldwide. With Russia’s war in Ukraine and the Israel-Hamas conflict raging on, global political instability also topped the list of things keeping corporate leaders awake at night. Meanwhile, global growth is expected to slow to 2.4% in 2024, according to a report from the World Bank released on Tuesday.
Persons: Bill Clinton, Donald Trump, Nelson Mandela, Jacques Yvez, Tony Blair, Bill Gates, Rupert Murdoch, Bono, Antony Blinken, Li Qiang, Ursula von der Leyen, Emmanuel Macron, Javier Milei, Antonio Guterres, , , Andres Cadena, Elon Musk, Gayle Markovitz, ” Markovitz, Economists Organizations: corporate titans, McKinsey, Republican, White, Trump, World Economic, World Bank Locations: U.S, Israel, Davos, Switzerland, Argentine, China, Ukraine
Pope Francis said Sunday that if he can, he'll visit his native Argentina in the latter part of 2024, a trip that would see him there for the first time in his nearly 11-year-old papacy and while his fellow Argentines are suffering economically. Francis hasn't been back to his homeland since he was elected pope in 2013. Political Cartoons View All 253 ImagesFrancis has long been dogged by questions about why he hasn't gone home since he became pope. The pope, who had a long conversation with Milei after he won, has indicated he has forgiven him for the campaign rhetoric. “I'd like to go,'' the pope added, making a reference to the ”10 years" since he has been away.
Persons: Pope Francis, he'll, Francis hasn't, Francis, , Javier Milei, hasn't, Milei, Organizations: Sunday, Argentine Locations: Argentina, Italian, Polynesia, Argentine
Pope Says He Hopes to Visit 'Suffering' Argentina This Year
  + stars: | 2024-01-14 | by ( Jan. | At P.M. | ) www.usnews.com   time to read: +2 min
By Philip PullellaROME (Reuters) - Pope Francis said on Sunday that the people of Argentina are suffering and that he hopes to be able make his first trip back to his homeland in the second half of this year. On Thursday, Argentine President Javier Milei's office said he had invited the 87-year-old Francis to visit, appearing to extend an olive branch after attacking the Catholic leader in recent years. He said an eventual trip to Argentina would take place after August, when he is planning to visit some countries in Polynesia. "After that, the trip to Argentina, if it can be done, but I would like to go. Francis has made more than 40 trips outside Italy, including many in Latin America, since his election nearly 11 years ago as the first Latin American pontiff but has yet to visit Argentina.
Persons: Philip Pullella ROME, Pope Francis, Javier Milei's, Francis, Milei, It's, imbecile, Philip Pullella, Diane Craft Organizations: Argentine, Catholic Locations: Argentina, Italian, Polynesia, Buenos Aires, Italy, Latin America
Citigroup warned investors late Wednesday that charges tied to the decline of the Argentine peso as well as the bank's reorganization came in far higher than disclosed by the company's CFO just weeks ago. Those charges are significantly higher than the "couple hundred million dollars" apiece that CFO Mark Mason told investors to expect at a Dec. 6 conference hosted by Goldman Sachs. All told, the charges are likely to result in a $1 per share fourth-quarter loss, according to Mayo. Despite his own skepticism that the bank can achieve its targets, Mayo recommends Citigroup stock, saying it is so beaten down that it can double within three years. A Citigroup spokeswoman declined to comment on the bank's shifting guidance, instead pointing to remarks from Mason published late Wednesday.
Persons: Jane, Mark Mason, Goldman Sachs, Mike Mayo, Fraser, That's, Mason Organizations: Citigroup, Argentine, Mayo Locations: Wells Fargo, Argentina, Russia, Mayo
Bank of America raised its rating on Adecoargo to buy , with its price target pointing to more than 26% upside. The firm maintained its $450 price target on the pizza chain, which implies shares could jump 12.6%. Analyst Doug Anmuth upped his price target by $15 to $220, implying shares could still gain more than 13%. The firm's new $230 price target implies the overweight-rated stock could gain 18.5% over the next 12 months. The analyst increased his 2024 year-end price target to $30 per share, which suggests 32.2% potential upside from Monday's close.
Persons: Piper Sandler, Oppenheimer Oppenheimer, Brian Bittner, Bittner, — Pia Singh, Jessica Reif Ehrlich, Ehrlich, Doug Anmuth, Morgan Stanley, Benjamin Swinburne, Roth, Chip Moore, Moore, Nuvera, Yuri Fernandes, Fernandes, , Piper Sandler downgrades Albemarle, Charles Neivert, Neivert, Isabella Simonato, Fred Imbert Organizations: CNBC, Bank of America, Spotify, Analysts, JPMorgan, Yale, Hyster, Argentine Locations: Argentina, Albemarle, 4Q23, China, Europe, 2024E, 2025E
CNN —CONMEBOL, South America’s soccer federation, has announced the 14 cities that will host matches at the 2024 Copa América as the tournament returns to the United States for the first time since 2016. Ecuador was originally designated as the tournament host but pulled out in November 2022 due to economic and security concerns, as well as a lack of viable stadiums. CONMEBOL has encountered obstacles in hosting the last three editions of the Copa América held in South America. Now, for the third edition in a row, the host nation has been changed after the US took over organizing duties from Ecuador. Argentina won the postponed 2020 edition of the Copa América, which was moved to Brazil.
Persons: América, Atlanta United’s Mercedes, Michael Zarrilli, ” Ezequiel Fernández Moores, Copa América, Fernández Moores, Amanda Perobelli, ” Fernández Moores, , Lionel Messi’s, Henry Romero, he’s, hasn’t, Messi, ” Sean Gregory, , Organizations: CNN — CONMEBOL, Miami Gardens, Kansas City, Atlanta United’s, Benz, Copa América, CONMEBOL, CONCACAF –, Copa, Reuters, State, América, FIFA, USA, Canada, NFL, NBA, MLB, NHL, US, National, Inter Miami, Host Chile, Copa America, , Leagues, , TIME, FIFA Club Locations: South, United States, Vegas, Arlington (, Charlotte, Orlando, Miami, Santa Clara, Atlanta, East Rutherford ( NJ, Houston, Austin, Inglewood, CA, Glendale, AZ, Kansas, South America, Ecuador, Peru, North America, Central America, Caribbean, American, America, Argentine, Brazil, Chile, Colombia, Argentina, California, United, Mexico
As I read Nikhil Krishnan’s “A Terribly Serious Adventure: Philosophy and War at Oxford, 1900-1960,” I wondered how he would pull it off. Here was a scholar, determined to bring to life a school of thought (hard to do) that revolved around finicky distinctions in language (extremely hard to do). The “linguistic” or “analytical” turn in philosophy resisted grand speculations about reality and truth. Krishnan admits that even he had a hard time warming up to his subject when he first encountered it as a philosophy student at Oxford. That discrepancy is also a preoccupation of one of my favorite books this year, “The Rigor of Angels,” by William Egginton.
Persons: Nikhil Krishnan’s “, , Krishnan, William Egginton, Egginton, Jorge Luis Borges, Werner Heisenberg, Immanuel Kant Organizations: Oxford, Johns Hopkins University Locations: Oxford, Argentine
"Given the transition in Argentina, we are handing the subject to the new government, which has indicated they want a deal," the Brazilian foreign ministry spokesman said. A European official with knowledge of the talks said Argentina was no longer open to finalizing the deal on Mercosur. Argentine negotiators who were due to travel to Brasilia for final push to close the deal canceled their trip, a Brazilian government trade official told Reuters. Officials wanted to wrap up agreements before Argentina's Milei takes office on Dec. 10, as he has criticized the trade deal that took two decades to negotiate. Argentina's incoming foreign minister, Diana Mondino, said it was important to sign the EU-Mercosur accord after she visited Brasilia last Sunday to meet Brazil's foreign minister.
Persons: Javier Milei, Milei, Diana Mondino, Anthony Boadle, Marcela Ayres, Lisandra, Matthew Lewis Organizations: European Union, Mercosur, Argentine, Reuters, EU, Milei, Diplomats, Thomson Locations: BRASILIA, Argentina, Mercosur, Brasilia, American, Brazil, Argentine, Belen, Madrid, Jorgelina, Rosario, Buenos Aires
"Given the transition in Argentina, we are handing the subject to the new government, which has indicated they want a deal," the Brazilian foreign ministry spokesman said. A European official with knowledge of the talks said Argentina was no longer open to finalizing the deal on Mercosur. Argentine negotiators who were due to travel to Brasilia for final push to close the deal canceled their trip, a Brazilian government trade official told Reuters. Officials wanted to wrap up agreements before Argentina's Milei takes office on Dec. 10, as he has criticized the trade deal that took two decades to negotiate. Argentina's incoming foreign minister, Diana Mondino, said it was important to sign the EU-Mercosur accord after she visited Brasilia last Sunday to meet Brazil's foreign minister.
Persons: Anthony Boadle BRASILIA, Javier Milei, Milei, Diana Mondino, Anthony Boadle, Marcela Ayres, Lisandra, Matthew Lewis Organizations: Reuters, European Union, Mercosur, Argentine, EU, Milei, Diplomats Locations: Argentina, Mercosur, Brasilia, American, Brazil, Argentine, Belen, Madrid, Jorgelina, Rosario, Buenos Aires
[1/9] Former U.S. Secretary of State Henry Kissinger looks up during his meeting with U.S. President Donald Trump in the Oval Office of the White House in Washington, U.S., October 10, 2017. REUTERS/Kevin Lamarque/File Photo Acquire Licensing RightsNov 29 - Here are some facts on American diplomat Henry Kissinger, who died at age 100 on Wednesday:* He was born Heinz Alfred Kissinger in Furth, a city in Germany's Bavarian region, on May 27, 1923. * The 1973 Nobel Peace Prize that went to Kissinger and North Vietnam's Le Duc Tho was one of the most controversial in the award's history. * Kissinger last worked in a presidential administration in 1977 but he maintained a relationship with George W. Bush. * Musician Tom Lehrer famously said: "Political satire became obsolete when Henry Kissinger was awarded the Nobel Peace Prize."
Persons: Henry Kissinger, Donald Trump, Kevin Lamarque, Heinz Alfred Kissinger, Kissinger, Richard Nixon's, Nixon, Gerald Ford, Ford, Duc Tho, Tho, Candice Bergen, Shirley MacLaine, Jill St, John, Marlo Thomas, Liv Ullman, Samantha Eggar, Diane Sawyer, George W, Bush, Tom Lehrer, Bill Trott, Rosalba O'Brien Organizations: U.S, White, REUTERS, Army's 84th Infantry Division, Harvard University, Nixon, ABC, Argentine, Thomson Locations: Washington , U.S, Furth, Germany's Bavarian, Nazi Germany, New York, American, Vietnam, China, U.S, Israel, Paris
Argentine President-elect Javier Milei departs the Eisenhower Executive Office Building after meeting with Biden administration staff at the White House complex in Washington, U.S., November 28, 2023. His foreign policy, meanwhile, is unabashedly pro-United States and pro-Israel, with a cooler stance on top trade partners Brazil and China. 2 Gita Gopinath and other fund officials, the fund said separately. The IMF has said in the past that dollarization is not a substitute for sound macroeconomic policy. Milei and IMF officials had a first virtual meeting on Friday, which Georgieva called a "very constructive engagement".
Persons: Javier Milei, Kevin Lamarque, Milei, Jake Sullivan, Juan Gonzalez, Benjamin Gedan, Alberto Fernandez, Vladimir Putin, Kristalina Georgieva, Posse, Luis Caputo, Gita Gopinath, Georgieva, Jason Lange, Rodrigo Campos, Rosalba O'Brien, Christopher Cushing Organizations: Argentine, Biden, REUTERS, Rights, U.S, White, National Security, Western, United, Israel, America, Wilson, International Monetary Fund, IMF, Reuters, Thomson Locations: Washington , U.S, Washington, Argentina, United States, Brazil, China, U.S, Moscow, Ukraine, Beijing, Argentine, New York
WASHINGTON, Nov 27 (Reuters) - Argentina's President-elect Javier Milei will meet with a top security aide to U.S. President Joe Biden in Washington, the White House confirmed on Monday, after the far-right libertarian lunched with former U.S. President Bill Clinton in New York. Upon arriving in the United States, Milei first visited the tomb of a well-known orthodox Jewish rabbi before having lunch with Clinton, according to a statement from the president-elect's office. On Tuesday, Milei will meet with U.S. National Security Adviser Jake Sullivan, while his economic advisers are scheduled to meet with senior U.S. finance officials to discuss the president-elect's economic priorities. Argentina is the IMF's largest debtor nation as it struggles to tame inflation approaching 150%. Milei will take office on Dec. 10 at a time when over two-fifths of Argentina's population is in poverty and a recession looms for South America's second-largest economy.
Persons: Javier Milei, Joe Biden, Bill Clinton, Milei, Luis Caputo, Karina Milei, Clinton, Jake Sullivan, Donald Trump, Jarrett Renshaw, David Lawder, Jorge Otoala, Brendan O'Boyle, David Alire Garcia, Simon Cameron, Moore Organizations: White House, U.S, Democrat, Argentine, U.S . National, International Monetary Fund, Reuters, Thomson Locations: Washington, New York, Milei, New Jersey, United States, Argentina, Buenos Aires
CNN —The moment was over in a flash, but Alejandro Garnacho’s stunning bicycle kick goal against Everton on Sunday will be remembered for decades to come. The 19-year-old’s acrobatic effort set Manchester United on the path to a 3-0 victory, but all the talk after the full-time whistle was about that goal. The Manchester United youngster could barely believe what he had done as he, along with millions around the world, celebrated one of the best goals in the club’s history. After Sunday’s stunning effort, the Argentine international has also drawn comparisons with another Manchester United great, Wayne Rooney. That was the most beautiful overhead kick,” he said on the Gary Neville Podcast.
Persons: Alejandro Garnacho’s, Diogo Dalot, Jordan Pickford, ” Garnacho, I’ve, Garnacho, Ballon d’Or, Cristiano Ronaldo, Siu, Wayne Rooney, Erik ten Hag, Wayne Rooney's, Martin Rickett, Hag, Ronaldo, Rooney, , he’s, Manchester, Roy Keane, Gary Neville, “ I’ve, Organizations: CNN, Everton, Manchester United, Sky Sports, Real Madrid, Juventus, Argentine, Manchester City, Manchester United’s, Galatasaray, Champions League Locations: Manchester
Argentina last week held a historic election in which libertarian candidate Javier Milei came out victorious, sending the country's stock market surging. The Merval , Argentina's stock market benchmark, rallied 42% for the week. The trade Trading in Argentine stocks has historically been a volatile endeavor. That said, there are ways for investors in the U.S. to get exposure to the Argentine market if they think stocks can rise during Milei's presidency. Other U.S.-listed Argentine stocks include oil name YPF — which surged nearly 57% last week — and Banco BBVA Argentina , which is up 34% in 2023.
Persons: Javier Milei, Milei, Diego Pereira, , Jorge Morgenstern, GlobalX Organizations: JPMorgan, Senate, HSBC, Argentine, Banco BBVA Argentina Locations: Argentina, Argentine, U.S, . U.S
Last week Milei, who travels to the United States on Sunday, had already softened his tone with China's communist leadership, thanking President Xi Jinping for a letter congratulating him. "I hope that our mutual time as presidents will be a stage for fruitful work and the construction of ties that consolidate the role Argentina and Brazil can and must fulfill in the concert of nations," Milei told Lula. The letter was delivered by his top foreign policy adviser, Diana Mondino, to Brazil's Foreign Relations Minister Mauro Vieira at a meeting in Brasilia. The new Argentine leader is closer politically and personally to former Brazilian President Jair Bolsonaro and has invited him to his inauguration. Milei meanwhile was set to travel to the U.S. on Sunday, a spokesperson told Reuters, noting he would attend a religious ceremony in New York and have meetings in Washington.
Persons: Javier Milei, Brazil's, Luiz Inacio Lula da Silva, Milei, Lula, Xi Jinping, Diana Mondino, Mauro Vieira, Jair Bolsonaro, Bolsonaro, Mondino, Vieira, Karina, Kristalina Georgieva, Gabriel Araujo, Lisandra, Jorge Otaola, David Gregorio, Stephen Coates Organizations: SAO PAULO, Foreign, Argentine, White, U.S . Treasury, International Monetary Fund, dollarizing, IMF, Thomson Locations: BRASILIA, BUENOS AIRES, Argentine, Brazil, United States, China, Argentina, Brasilia, Mercosur, New York, Washington, dollarizing Argentina, U.S, Sao Paulo, Buenos Aires
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/File Photo Acquire Licensing RightsNov 24 (Reuters) - Argentina President-elect Javier Milei said on Friday he had spoken with the director of the International Monetary Fund (IMF), Kristalina Georgieva, regarding plans to adjust the country's fiscal policy and monetary program. The country is currently facing inflation nearing 150%, a looming recession and net reserves seen at negative $10 billion. Argentina is tied up by a $44 billion loan program from the IMF that has veered off track. "The IMF is committed to support efforts to durably reduce inflation, improve public finances and raise private-sector-led growth," Georgieva said on X.
Persons: Javier Milei, Agustin Marcarian, Kristalina, Milei, Georgieva, Kylie Madry, Isabel Woodford Organizations: Argentine, REUTERS, International Monetary Fund, IMF, Thomson Locations: Buenos Aires, Argentina
[1/2] Former governor of Argentina's central bank, Luis Caputo, speaks during a news conference in Buenos Aires, Argentina May 4, 2018. In the meeting, however, Caputo declined to confirm that he would be the new economy minister, two of the sources said. The roadmap is orthodox and without crazy things," Caputo told the assembled bank representatives, according to a senior banking source who attended the meeting. Earlier on Friday, though, he said shutting the central bank was "non-negotiable". The second bank source said Caputo had discussed the need to fully attack inflation and lower the Leliq pile, though did not have details on how this would be done.
Persons: Luis Caputo, Marcos Brindicci, Javier Milei, Caputo, Milei, Mauricio Macri's, Javier Bolzico, ADEBA, Milei's, " Caputo, Jorgelina, Jorge Otaola, Adam Jourdan, Alistair Bell Organizations: REUTERS, La, Reuters, Thomson Locations: Argentina's, Buenos Aires, Argentina, BUENOS AIRES, Argentine, Rosario
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