Top related persons:
Top related locs:
Top related orgs:

Search resuls for: "Javier Milei"


25 mentions found


BRASILIA, Nov 19 (Reuters) - Brazilian President Luiz Inacio Lula da Silva extended best wishes to the newly elected government in Argentina, without making direct mention of President-elect Javier Milei, who has previously criticized Lula and labeled him an "angry communist." Brazil will always be available to work together with our Argentine brothers," he wrote on Sunday on X, formerly Twitter. On Tuesday, leftist Lula had said that Argentina, the country's third-largest trading partner, should choose a president who supports democracy and the Mercosur trading bloc. He has also criticized the South American common market Mercosur and said Argentina would "follow its own path." He met with Brazilian Finance Minister Fernando Haddad in Brasilia earlier this year to discuss mechanisms to secure imports by Buenos Aires.
Persons: Luiz Inacio Lula da Silva, Javier Milei, Lula, Argentine, Sergio Massa, Fernando Haddad, Haddad, Marcela Ayres, Lisa Shumaker, Rosalba O'Brien Organizations: Twitter, Mercosur, Economy, Brazilian Finance, Reuters, Thomson Locations: BRASILIA, Argentina, Brazil, Argentine, Mercosur, Brasilia, Buenos Aires
[1/2] Soy plants are seen in a farm near Pergamino, on the outskirts of Buenos Aires in Argentina April 27, 2021. REUTERS/Agustin Marcarian/File Photo Acquire Licensing RightsBUENOS AIRES, Nov 20 (Reuters) - Javier Milei's election as Argentine president offers an opportunity for "radical change" in policy for the grains sector, the country's main rural associations said late on Sunday, offering to work "side by side" with the libertarian. He also wants to eventually close the central bank and dollarize the economy - more radical ideas that he may struggle to implement. "A great opportunity has opened up to work together to make radical change to the current policies," the Argentine Rural Society (SRA) said in a statement. Meanwhile, the Argentine Rural Confederations (CRA) called for Milei to work with the farm sector and demanded tax deregulation.
Persons: Agustin Marcarian, Javier Milei's, Milei, Maximilian Heath, Adam Jourdan, Christopher Cushing Organizations: REUTERS, Argentine Rural Society, Argentine Rural Confederations, Thomson Locations: Pergamino, Buenos Aires, Argentina, BUENOS AIRES
"Who is appointed...as central bank president and economy minister, and the details of an urgent economic stabilization plan without a majority in Congress, will be the key for asset prices in the days ahead." The Economy Ministry is always a hot seat, with Argentina a nine-time debt defaulter caught in a decades-long boom-and-bust cycle. Milei will take office on Dec. 10 after beating ruling Peronist coalition Economy Minister Sergio Massa. "Milei said that he is going to reorganize the central bank instead of imploding it or shutting it down. The new economy minister will have to negotiate a new programme with the IMF "relatively quickly" to avoid entering arrears with the fund, Morgan Stanley said on Monday.
Persons: Milei, Macri, Javier Milei, Milei's, embolden Milei, Armando Armenta, defaulter, Sergio Massa, Hans Humes, Humes, Carlos Rodriguez, Roque Fernandez, Dario Epstein, Emilio Ocampo, Mauricio Macri, Juan Manuel Pazos, Pazos, Morgan Stanley, Morgan Stanley ´, Massa, Jorgelina, Adam Jourdan, Kirsten Donovan Organizations: Monetary, Ministry, Peronist, Economy, Greylock Capital Management, Reuters, Thomson Locations: BUENOS AIRES, South, AllianceBernstein, New York, Argentina, Argentine, Buenos Aires, Washington, refinance, Santiago del Estero, Formosa, Rosario
Milei, who is pledging economic shock therapy such as shutting the central bank and dollarization, won a second-round runoff vote on Sunday with some 56% to rival Sergio Massa's 44%. Milei now faces the huge challenge of turning around the economy once he takes office on Dec. 10. "It is an economy that is in intensive care," said Miguel Kiguel, a former undersecretary of finance at the Economy Ministry in the 1990s. A central bank poll of analysts forecast 185% inflation by the end of the year. In a bid to tamp down inflation Argentina's central bank has hiked the benchmark interest rate to 133%, which encourages saving in pesos, but hurts access to credit and economic growth.
Persons: Javier Milei, Sergio Massa's, Milei, Miguel Kiguel, Lucio Garay Mendez, Vaca Muerta, Eugenio Marí, Hernan Nessi, Adam Jourdan, Daniel Wallis, Chris Reese Organizations: Economy Ministry, Reuters Graphics Reuters, Coldplay, Reuters Graphics, CENTRAL, International Monetary Fund, Libertad y Progreso Foundation, Thomson Locations: BUENOS AIRES, dollarization, Argentina, China, Brazil
The Global X MSCI Argentina ETF , which offers exposure to a basket of the country's most liquid stocks, soared more than 13% on Monday and hit its highest level since September. While the South American country's markets are closed on Monday for a local holiday, U.S.-listed shares of Argentinian companies also surged in U.S. trading. The gains for the ETF came through large amounts of small trades, Todd Sohn, an ETF analyst at Strategas in New York, said. By mid-morning, the value of trading in the ETF had topped $11 million, compared with average of about $1 million a day throughout 2023. "These small country funds are ideal vehicles for small day traders who jump on events" like Sunday's presidential election in Argentina, Sohn said.
Persons: Agustin Marcarian, Argentina's Javier Milei, Todd Sohn, Sohn, Suzanne McGee, Megan Davies, Andrew Heavens Organizations: REUTERS, Argentina ETF, Management, Inc, U.S, Banco, Grupo Financiero, Thomson Locations: Buenos Aires, Argentina, American, New York, ARGT, Grupo Financiero Galicia
Morning Bid: Thanksgiving starters of AI and oil
  + stars: | 2023-11-20 | by ( ) www.reuters.com   time to read: +5 min
Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., September 26, 2023. REUTERS/Brendan McDermid/File Photo Acquire Licensing RightsA look at the day ahead in U.S. and global markets from Mike Dolan. Thanksgiving may make for a clipped U.S. markets week, but there's plenty to chew on around the world before then - and a feast of intrigue in the artificial intelligence space. His plans include shutting the central bank, ditching the peso and dollarizing the economy and slashing spending with potentially painful reforms. The risk premium between German and Italian 10-year yields tightened to 170 bps - the lowest since Sept. 21.
Persons: Brendan McDermid, Mike Dolan, Sam Altman, That's, thrall, Javier Milei, Milei, Jeremy Hunt, Andrew Bailey ,, Francois Villeroy de, Pablo Hernandez de Cos, Ed Osmond Organizations: New York Stock Exchange, REUTERS, Microsoft, Big Tech, Nvidia, Treasury, Federal Reserve, Bank, Bayer, Federal Reserve Bank of England, Andrew Bailey , Bank of France, Bank of Spain, Technologies, Keysight Technologies, Holdings Reuters Graphics Reuters, Reuters, Thomson Locations: New York City, U.S, OPEC, Tokyo, Europe, Canada, Francois Villeroy de Galhau
Can Argentina really move from the peso to the dollar?
  + stars: | 2023-11-20 | by ( Hanna Ziady | ) edition.cnn.com   time to read: +7 min
2 economy and ditch its peso currency in favor of the US dollar. Milei must tackle inflation above 140%, a shortfall in foreign currency reserves and the prospect of another painful recession. Argentina’s financial markets are closed Monday for a local holiday, but the peso weakened slightly in partial trade to stand at around 353.58 to the US dollar. Bruno Gennari, Argentina expert at fixed income broker dealer KNG Securities, said the peso was trading at $1,009 versus the dollar on crypto exchanges Monday, considerably weaker than the $869 and $975 rates seen on Friday. Dollarization means Argentina would give up the peso and use the US dollar as its currency, effectively wresting control of monetary policy from the country’s central bank and handing it to the US Federal Reserve.
Persons: London CNN — Javier Milei, Sergio Massa, Milei, ” —, , ” Milei, , , Bruno Gennari, Javier Milei, Natacha, dollarization, ” William Jackson, “ It’s, Thierry Larose, ” Larose, Kristalina Georgieva, Jackson, — Valentina Gonzalez, Stefano Pozzebon, Olesya Dmitracova Organizations: London CNN, Libertad Avanza, Peronist, , ” Financial, Argentine, State, Banco, Grupo Financiero Galicia, KNG Securities, US Federal Reserve, AP, Capital Economics, Vontobel, Management, CNN, Monetary Fund, Bank, IMF, Reuters Locations: Argentina, New York, Brazil, Mexico, Dollarization, Argentina’s, Zurich, dollarization, Washington, DC, Argentine
Link icon An image of a chain link. It symobilizes a website link url. Link icon An image of a chain link. LinkedIn Fliboard icon A stylized letter F. Flipboard Link icon An image of a chain link. LinkedIn Fliboard icon A stylized letter F. Flipboard Link icon An image of a chain link.
PoliticsHow do Argentines feel about their new president-elect? PostedArgentinians hoped for positive change in the inflation-ravaged nation following the election of right-wing libertarian Javier Milei.
Persons: Javier Milei
Libertarian Milei elected president of Argentina
  + stars: | 2023-11-20 | by ( Reuters Editorial | ) www.reuters.com   time to read: 1 min
PoliticsLibertarian Milei elected president of ArgentinaPostedArgentina elected right-wing libertarian Javier Milei as its new president on Sunday, rolling the dice on an outsider with radical views to fix an economy battered by triple-digit inflation, a looming recession and rising poverty.
Persons: Libertarian Milei, Javier Milei Organizations: Libertarian Locations: Argentina
Javier Milei presidential candidate of the La Libertad Avanza (Freedom Advances) party, speaks at the campaign closing event on Oct.18, 2023. Argentina elected libertarian outsider Javier Milei as its new president on Sunday, rolling the dice on an outsider with radical views to fix an economy battered by triple-digit inflation, a looming recession and rising poverty. Official results showed Milei with near 56% versus 44% for his rival, Peronist Economy Minister Sergio Massa, who conceded in a speech. His candidacy was hampered by the country's worst economic crisis in two decades while he has been at the helm. I have contacted Javier Milei to congratulate him," Massa said.
Persons: Javier Milei, Sergio Massa, Massa, Milei, Cristian, Lista Organizations: La Libertad, Peronist, International Monetary Fund Locations: Argentina, Buenos Aires, China, Brazil
Newly elected President of Argentina Javier Milei of La Libertad Avanza speaks after the polls closed in the presidential runoff on November 19, 2023 in Buenos Aires, Argentina. Argentina's Javier Milei, a far-right political outsider often compared to former U.S. President Donald Trump, vowed to deliver on his radical economic policies shortly after winning the country's presidential run-off. Among some of his proposed policies, Milei has pledged to dollarize the economy, abolish the country's central bank and privatize the pension system. We have the determination to put Argentina on its feet and move forward," Milei said shortly after his victory, according to a translation. The challenges facing Milei's presidency are significant, however — particularly given that the country is once again in the grip of a profound economic crisis.
Persons: Argentina Javier Milei, La Libertad Avanza, Argentina's Javier Milei, Donald Trump, Sergio Massa, Milei Organizations: La Libertad, Peronist Economy Locations: Argentina, Buenos Aires
Shares in Argentina's YPF soar as Milei hints at privatization
  + stars: | 2023-11-20 | by ( ) www.reuters.com   time to read: +2 min
REUTERS/Agustin Marcarian/File Photo Acquire Licensing RightsCompanies Ypf Sa FollowRepsol SA FollowBUENOS AIRES, Nov 20 (Reuters) - New York-traded shares in Argentine state-run oil company YPF soared more than 40% on Monday after President-elect Javier Milei said he would seek to privatize the firm. The South American country nationalized 51% of the oil company more than a decade ago from Spain's Repsol (REP.MC). YPF is Argentina's largest oil firm and oversees development of Vaca Muerta, the world's second-largest shale gas reserve and fourth-largest shale oil reserve. Shares of YPF jumped more than 40% early in the session, before paring some gains to trade up 35.2%. Global X analyst Trevor Yates said the YPF gains were related to the increasing likelihood of it being privatized and implementing an international price parity policy.
Persons: Alberto Fernandez, Cristina Fernandez de Kirchner, Agustin Marcarian, Javier Milei, Sergio Massa, YPF, Milei, Spain's, Vaca Muerta, Trevor Yates, Yates, Eliana Raszewski, Bansari Mayu, Grant McCool Organizations: Argentine, REUTERS, Global, Thomson Locations: Buenos Aires, Argentina, BUENOS AIRES, New York, Argentine, American
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailArgentina: Steve Hanke says many arguments against dollarization are 'absolute rubbish'Steve Hanke, professor of applied economics at John Hopkins University, discusses the possible implications that libertarian Javier Milei's victory in Argentina's presidential runoff contest may have for the peso.
Persons: Steve Hanke, dollarization, Javier Milei's Organizations: Argentina, John Hopkins University
PoliticsRadical Argentine president-elect Milei hails new eraPostedArgentine libertarian Javier Milei promised a new era for the country, after a strong win in Sunday's (November 19) presidential run-off election, as voters placed their hopes in the political outsider to fix an economy battered by triple-digit inflation, a looming recession and rising poverty. Diane To reports.
Persons: Milei, Javier Milei, Diane Organizations: Radical Argentine Locations: Argentine, Sunday's
Republican presidential candidate and former U.S. President Donald Trump visits the southern border with Texas Governor Greg Abbott in Edinburg, Texas, U.S. November 19, 2023. REUTERS/Go Nakamura/File Photo Acquire Licensing RightsNov 19 (Reuters) - Former U.S. President Donald Trump congratulated libertarian Javier Milei, an outsider with radical views to fix the economy, on being elected president in Argentina on Sunday. "The whole world was watching! You will turn your Country around and truly Make Argentina Great Again!" Trump wrote on his Truth Social platformReporting by Costas Pitas; Editing by Muralikumar AnantharamanOur Standards: The Thomson Reuters Trust Principles.
Persons: Donald Trump, Greg Abbott, Go Nakamura, Javier Milei, Trump, Costas Pitas, Muralikumar Organizations: Texas, REUTERS, Former U.S, Thomson Locations: Edinburg , Texas, U.S, Former, Argentina
Shares of state-oil firm YPF soared 40% on Monday after Javier Milei's presidential victory. Milei has promised to revamp the Argentine economy, and also said he would seek to privatize YPF. Milei won the Argentine presidential election Sunday against Economy Minister Sergio Massa. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementArgentine state energy company YPF saw its New York-listed shares spike more than 40% on Monday, following Javier Milei's presidential election victory on Sunday.
Persons: Javier Milei's, Milei, Sergio Massa, , Spain's Repsol, YPF Organizations: Argentine, Economy, Service, Reuters, Grupo Financiero Galicia, Banco Locations: Argentine, YPF, York, Spain's, Argentina, New York
He thinks replacing the peso with the dollar can tame hyperinflation and revive the battered economy. Prominent economist Steve Hanke — a champion of Milei's dollarization drive — posted on X after the results were announced that the candidate's proposal was "clearly a vote-getter." REBUILDING ARG'S ECONOMY = DOLLARIZATION. AdvertisementDespite its economic woes, Argentina's economy was worth $633 billion in 2022, making it the world's 23rd-largest economy. Critics of Milei's dollarization plans cite major challenges for Argentina against its backdrop of hyperinflation, economic crises, and political instability.
Persons: Javier Milei, , Javier Milei's, Milei, Milei's, dollarize, Steve Hanke —, Milei’s, Steve Hanke, Milei's dollarization, There's, Markus Jaeger, Jaeger Organizations: Service, Johns Hopkins University, Argentine, Argentina, International Monetary Fund, Business Locations: Argentina, Argentine
Tucker Carlson interviewed Javier Milei in September, boosting his candidacy. Milei is a far-right firebrand and showman, compared by some to Donald Trump. AdvertisementAfter the election of far-right outsider Javier Milei as Argentina's president Sunday, former Fox News host Tucker Carlson took a victory lap. Carlson posted a picture of himself posing with Milei, whose candidacy he boosted by interviewing him for his show on X in September. In the interview, Milei echoed the rhetoric of former US President Donald Trump, questioning the climate crisis, urging right-wingers to wage culture wars with liberals, and pledging to cut government spending to reduce Argentina's spiking inflation.
Persons: Tucker Carlson, Javier Milei, Milei, Donald Trump, Carlson's, , Carlson, Bauer, Trump, Hungary's Viktor Orbán, Jair, he's, soulmates Trump, Benjamin Gedan Organizations: Service, Fox News, University of Alabama, Reuters Institute, Fox, Trump, Latin America, Wilson Center, Associated Press Locations: Argentina, Washington
Javier Milei was first introduced to the Argentine public as a combative television personality with an unruly hairdo and a tendency to insult his critics. So when he entered Argentina’s presidential race last year, he was viewed by many as a sideshow. On Sunday, he was elected Argentina’s next president, and is now tasked with guiding one of Latin America’s largest economies out of one of its worst economic crises. Many Argentines awoke on Monday anxious, others hopeful, but just about everyone was uncertain about what lay ahead. Perhaps the only certainty about the country’s political and economic future was that, in three weeks, a far-right political outsider with little governing experience was set to take the reins of a government that he has vowed to upend.
Persons: Javier Milei, Argentina’s Organizations: Argentine
Global leaders react to Milei's Argentina victory
  + stars: | 2023-11-20 | by ( ) www.reuters.com   time to read: +4 min
ARGENTINE PRESIDENT ALBERTO FERNANDEZ"I am a man of democracy, and I value nothing more than the popular verdict. I trust that tomorrow we can start working with Javier Milei to guarantee an orderly transition." FORMER ARGENTINA PRESIDENT MAURICIO MACRI"I congratulate Javier Milei for bravely representing the will to advance and prosper that lives in the hearts of Argentines. WHITE HOUSE NATIONAL SECURITY ADVISOR JAKE SULLIVAN"I congratulate Javier Milei on his election as president of Argentina and to the people of Argentina for holding free and fair elections. FORMER U.S. PRESIDENT DONALD TRUMP"Congratulations to Javier Milei on a great race for president of Argentina.
Persons: Javier Milei, ALBERTO FERNANDEZ, MAURICIO MACRI, JAKE SULLIVAN, DONALD TRUMP, ILAN GOLDFAJN, LUIZ INACIO LULA DA SILVA, SANTIAGO PENA, GUSTAVO PETRO, Milei, GABRIEL BORIC, Sergio Massa, LUIS LACALLE POU, DINA BOLUARTE'S, JAIR BOLSONARO, Javier Milei's, ARGENTINA DMITRY FEOKTISTOV, Brendan O'Boyle, Lidia Kelly, Chris Reese Organizations: ARGENTINE, IDB, PARAGUAYAN, America, URUGUAYAN, Thomson Locations: ARGENTINA, Argentina, Argentine, Colombia, Chile, Peru, Argentine Republic, South America, United States, Brazil, RUSSIAN, BRICS
Populist Javier Milei, a libertarian economist and self-described “anarcho-capitalist,” won a presidential runoff election on Sunday with 55.7% of the vote. He said Monday that he would move quickly to privatize the country's state-owned media outlets and look to do the same with other public companies. “Everything that can be in the hands of the private sector will be in the hands of the private sector,” Milei told Bueno Aires station Radio Mitre. Experts immediately questioned how far Milei would get in fulfilling that vision without the support of Argentina's National Congress, where his party holds a relatively small share of seats. Monday was a public holiday in Argentina so financial markets weren’t open, but the stocks of Argentine companies that trade in New York soared.
Persons: , privatizations, Javier Milei, , ” Milei, Bueno, Mariano Machado, Milei, Diana Mondino, Cristina Fernández de Kirchner, YPF, Andrés Gil Domínguez, Mariel Fornoni, Gustavo Arballo, ” Arballo Organizations: Bueno Aires, Radio Mitre, Argentina's National, Americas, Verisk, Central Bank of, U.S, Central Bank, Argentine, Liberty, University of Buenos, Management, La Pampa National University Locations: BUENOS AIRES, Argentina, Argentina's, Central Bank of Argentina, New York, Argentine, University of Buenos Aires
IMF, China ready to work with new Argentina leader Milei
  + stars: | 2023-11-20 | by ( ) www.reuters.com   time to read: +1 min
[1/2] Argentine president-elect Javier Milei waves to his supporters after winning Argentina's runoff presidential election, in Buenos Aires, Argentina November 19, 2023. REUTERS/Agustin Marcarian Acquire Licensing RightsLONDON, Nov 20 (Reuters) - Kristalina Georgieva, head of the International Monetary Fund, and a spokesperson for China's foreign ministry said on Monday they were ready to work with Argentina's president-elect Javier Milei. Argentina elected right-wing libertarian Javier Milei as its new president on Sunday, rolling the dice on an outsider with radical views to fix an economy battered by triple-digit inflation, a looming recession and rising poverty. The IMF has a $44 billion loan program with Argentina. Reporting by Karin Strohecker and Liz Lee in Beijing; editing by Marc Jones and Mark HeinrichOur Standards: The Thomson Reuters Trust Principles.
Persons: Javier Milei, Agustin Marcarian, Georgieva, Mao Ning, Karin Strohecker, Liz Lee, Marc Jones, Mark Heinrich Our Organizations: Argentine, REUTERS, International Monetary Fund, IMF, South, Thomson Locations: Buenos Aires, Argentina, China, Beijing
BUENOS AIRES, Nov 20 (Reuters) - Argentines expressed a mixture of ecstasy and trepidation on Monday after libertarian outsider Javier Milei, pledging radical fixes to the economy, swept to power with an election win over Peronist government rival Sergio Massa. "It's a great unknown," said Guillermo Toledo, a 51-year-old university professor in the capital Buenos Aires, who said he did not vote for Milei. Milei's win brought flag-waving crowds on Sunday night out to the Obelisk in downtown Buenos Aires, a traditional rallying point for supporters to cheer election or soccer wins. [1/2]Argentine president-elect Javier Milei's supporters celebrate after Milei wins the runoff presidential election, in Buenos Aires, Argentina November 19, 2023. Milei gives me hope things can change," Bernal said.
Persons: Javier Milei, Sergio Massa, Milei, Donald Trump, Jair, Guillermo Toledo, haven't, Milei's, Leandro Boses, Javier Milei's, Adriano Machado, Massa, Claudio Bernal, Bernal, Julia Eva Saggini, Mauricio Macri, Lucinda Elliott, Candelaria Grimberg, Rosalba O'Brien Organizations: Peronist, Argentine, REUTERS, Thomson Locations: BUENOS AIRES, Argentina, U.S, Buenos Aires
[1/2] South African delegates sit behind a glass with BRICS logo as the BRICS summit is held in Johannesburg, South Africa August 23, 2023. "BRICS is also an open platform and we welcome any interested country to become a member of the BRICS family." Milei, a right-wing libertarian who has sharply criticised China and the China-led BRICS group, was elected Argentina's new president on Sunday. Milei and Mondino had both opposed Argentina joining the bloc, which also includes Brazil, Russia, India and South Africa. "We don't understand what the benefit (of joining BRICS) is for Argentina at the moment.
Persons: Alet Pretorius, Diana Mondino, Javier Milei, Mao Ning, Mondino's, Mao, Mondino, Liz Lee, Ethan Wang, Gareth Jones Organizations: REUTERS, Rights, United, Thomson Locations: Johannesburg, South Africa, Rights BEIJING, China, Argentina, Argentina's, Brazil, Russia, India, BRICS, Saudi Arabia, Iran, Ethiopia, Egypt, United Arab Emirates
Total: 25