Francisco Aldaya (EN)
Panregional Editor in Chief
English
Milei’s Chainsaw Minister Has 49 Days to Push Through Reforms Without Congress
In an interview with Bloomberg Línea, Federico Sturzenegger outlined plans for sweeping state reforms before delegated powers expire in July. He also explained why he believes these changes will outlast the current administration
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Tim Draper Slams “Socialist” IMF, Backs Milei on LIBRA during Buenos Aires Visit
The VC billionaire, who has invested in Argentine startups such as Ripio and Stämm, also gave his take on Donald Trump’s import tariffs during an interview with Bloomberg Línea
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Wall Street funds see gold in the ashes of Javier Milei’s crypto crisis
Rob Citrone of Discovery Capital Management and Andrew Cummins of Explorador Capital Management told Bloomberg Línea that the LIBRA scandal had minimal effect abroad. A Bradesco BBI report points to limited impact on president’s popularity
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Cipriani Sells US$17 Million Penthouse in Punta del Este Luxury Complex as Construction Advances
Giuseppe Cipriani gave Bloomberg Línea a tour of the Cipriani Resort, Residences & Casino construction site. So far, 40% of units in the first of three towers have been sold. The project’s US$600 million investment is the largest in the city’s history
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Argentina Could Reach Investment Grade Under Milei, Says Top-Performing Macro Fund of 2024
Discovery Capital Management founder Rob Citrone told Bloomberg Línea that capital flows to the country should surge once capital controls end. The hedge fund led returns among peers last year
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Exclusive: Galicia Considers Stock Issuance and Calls for Mortgage Securitization
In an exclusive interview with Bloomberg Línea, the CEO of Argentina’s largest private bank says that loans approached 10% of GDP in 2024
Negocios
Inter&Co pone la mira sobre Argentina, Colombia y México tras expansión en Estados Unidos
El CEO del banco digital, Joao Vitor Menin, evaluó su rápido crecimiento en clientes e ingresos, el atractivo del mercado estadounidense y la apuesta por una solución bancaria global
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Inter&Co Sets Eyes on Rest of LatAm, Europe After US Expansion
CEO Joao Vitor Menin discusses the digital bank’s rapid client and revenue growth, the appeal of US markets, and the push for a global banking solution
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Migoya Answers Everything: Globant’s Share Price and Why He’s Bullish on Milei
Bloomberg Línea sat down with the cofounder and CEO of the Argentine software factory, Martín Migoya, in Miami
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Exclusive: Argentina’s Government Targets Debt Refinancing in New IMF Talks
Economy Minister Luis Caputo’s team told Bloomberg Línea that negotiations will begin in the coming weeks and that are expected to be a lengthy process
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Alec Oxenford Sees Dollar Avalanche for Argentina, Major Investors Based in Buenos Aires
The presidential advisor to Milei and Managing Partner at Myelin VC sees an economic shift that will be key to attracting global investment, with potential for a flood of dollars reversing economic stagnation
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What You Need to Know About Argentina’s Tax Amnesty Scheme, According to this Top Broker
Juan Francisco Politi, vice-president of Allaria, Argentina’s leading broker, spoke to Bloomberg Linea about current country risk levels, debt maturities, the budget surplus and his outlook on the end of capital controls
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Amazon Partners Up with Vrio to Launch Satellite Internet Across South America
La empresa del Grupo Werthein firmó un acuerdo con el gigante tech estadounidense y comenzará a comercializar la red de banda ancha de Project Kuiper
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“Javier Milei Has Made All the Right Noises,” Says Aarna Holdings’ Ameya Prabhu
Prabhu, who also heads the Indian Chamber of Commerce, spoke to Bloomberg Línea about his partnership with Grupo Werthein to invest in Latin America
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Exclusive: Asian Fund with US$2B Cash Pile Eyes Up Brazil, Latin America alongside Grupo Werthein
Aarna Holdings, which manages capital from India and the United Arab Emirates, signed an agreement with the group led by Dario Werthein to invest in Latin America
Argentina
Majority of Relative Price Adjustments Are Complete in Argentina, Says Former Finance Secretary
The Javier Milei administration should muster a return to international debt markets in 2025, Daniel Marx, executive director of Quantum Finanzas, told Bloomberg Línea in an interview
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Tax Cuts Under Milei Would Allow Despegar.com to Lower Prices, CEO Says
Damián Scokin, who leads the Buenos Aires-based digital travel agency with operations across Latin America, spoke with Bloomberg Línea after a record-breaking fourth quarter
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Will Argentina Lift Capital Controls in 2024? JPMorgan’s Top Dog in Buenos Aires Thinks So
In an interview with Bloomberg Línea, the American bank’s Senior Country Officer for Argentina, Uruguay, Bolivia, and Paraguay also addressed inflation and profitability in the aftermath of exchange restrictions being lifted
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Argentine Energy Companies Could See 400% Sales Boost, Says ‘Market Wizard’
Claudio Maulhardt, a portfolio manager at Galileo, a Buenos Aires-based investment fund, spoke with Bloomberg Línea on Episode 546 of La Estrategia del Día Argentina
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Here’s Why World Tennis Star Carlos Alcaraz Is Playing the ATP 250 Buenos Aires Open
In an interview with Bloomberg Linea, Tennium partner and CEO Martin Hughes also spoke about the bid to upgrade the tournament to an ATP 500
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Exclusive: Nubank Would Consider New Shot at Argentina if Economy Stabilizes
The world’s largest digital bank by market cap decided to leave the country shortly after opening an office there in 2019
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The Bullish Case for Argentina According to a Former MercadoLibre, Nubank IRO
Spider Investments’ Investor Relations Officer, Federico Sandler, also gave Bloomberg Línea his take on the Latin American IPO market in 2024
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Argentine Stock Market Is Still the Cheapest in Latin America, Top Analyst Says
Augusto Darget, President and Co-founder of Silver Cloud Advisors, told Bloomberg Línea that the country will be more expensive in dollar-terms
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Argentina’s Boca Juniors Soccer Club Aims to Revive ‘Golden Age’ With New Stadium
In an interview with Bloomberg Línea, Andrés Ibarra, the candidate hoping to take over as the soccer club’s president, calls for alleged irregularities in its internal selection process to be cleared up
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Argentina’s State-Owned Companies Could Be Offered at a Knocked-Down Price
Alberto Ramos, Goldman Sachs’ head of macroeconomic research for Latin America, tells Bloomberg Línea that question marks will remain over policy volatility over the next two decades
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What to Expect In Argentina In the Run-Up to Milei’s Investiture
How will the dollar, debt and Argentine assets perform in the coming weeks? Fernando Marengo, of BlackTORO Investments, and Salvador Vitelli, of Romano Group, spoke to Bloomberg Línea’s La Estrategia del Día Argentina podcast
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Mexico’s Nearshoring Boom Generates Expectation, Optimism
José Luis Ortega, of BlackRock México, Josefina Moisés of AMEFIBRA and the IFC's Juan Gonzalo Flores said they are optimistic of the commercial phenomenon’s benefits, during the Bloomberg Línea Summit in Mexico City
English
Latin American Governments Slow to Adopt New Technology, SAP Says
Cristina Palmaka, president of SAP for Latin America and the Caribbean, says the majority of the region’s countries have not successfully implemented technologies to enhance savings and cost efficiency
English
Brazil ‘Needs to Improve Its Regulatory Landscape to Build a Better Financial System’
Even as GDP growth slows, Inter is expecting to benefit from lower interest rates and grow its portfolio in 2024, the digital lender’s CEO tells Bloomberg Línea
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Bargain Basement for Startups? Ebanx Cofounder Sees VC Investors Eyeing 50% Markdowns
Wagner Ruiz tells Bloomberg Línea he has seen funds starting to snap up deals with startups considered undervalued
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AI Accelerates What We Can Do and Will Not Halt Our Hiring, MercadoLibre Says
In an exclusive interview with Bloomberg Línea in Miami, the e-commerce giant’s senior vice president for technology reveals how it is deploying artificial intelligence solutions
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Fitch Questions Mexico’s Nearshoring Gold Rush, Predicts Tricky 2024 for LatAm Debt
Todd Martinez, senior director in Fitch Ratings’ sovereigns group, spoke to Bloomberg Línea at the Americas Society/Council of the Americas’ BRAVO event in Miami
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Fitch Sees Argentina Defaulting or Restructuring Debt, Whoever Wins Election
Todd Martínez, a senior director at the ratings agency, believes it will be difficult to avoid a restructuring following the general elections, and sees dollarization unlikely
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Argentina Can Dollarize in 2024 Without Limiting Growth, Says Nicolás Cachanosky
Bloomberg Línea spoke with the economist and researcher at University of Texas at El Paso. Cachanosky co-authored of one of the dollarization proposals that Javier Milei is considering
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Miami or Montevideo: Where Is It Advisable to Buy Property from Argentina?
Fabián Kopel, co-founder of Kopel Sánchez, a real estate developer with operations primarily in Montevideo, made the case in favor of the Uruguayan capital
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Trump 9/11 Remarks Center on “Irreplaceable Void” as Biden Makes Live Address
US President Joe Biden and former President Donald Trump offered their reflections on the twenty-second anniversary of the terrorist attack in New York
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US Open Win Cements Djokovic Record of Most Grand Slam Wins and Prize Money
The most important tennis tournament of the year in the United States celebrated its 50th anniversary of equal prize money for men and women
English
US Court Rules Argentina Must Pay $16 Billion for Wrongful YPF Nationalization
New York Judge Loretta Preska has ruled in favor of the Burford Capital, while the Argentine Government has anticipated that it will appeal the decision
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After Messi Coup, Jorge Mas Aims for New Inter Miami Stadium by 2025
The billionaire co-owner’s plans for the club are far from coming to halt, as the construction of Freedom Park gets underway
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Why Is the Mexican Peso Getting Stronger in 2023?
Mexico’s currency has been appreciating consistently since mid-2020, making it one of the strongest among emerging markets over the last three years
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What Time Is the Blue Moon Tonight in New York, LA and Miami?
Stargazers across the United States will be able to witness the largest and brightest full moon of 2023 tonight
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The Bullish Case for Latin America, According to Marcelo Claure and Shu Nyatta
The co-founders of Bicycle Capital shared their insights on the region’s investment potential on a recent episode of the 20VC with Harry Stebbings podcast
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dLocal Is a Gem and No Need to Fix Anything, Former MercadoLibre CFO Arnt Says
Pedro Arnt, the Uruguayan unicorn’s new co-CEO, spoke to Bloomberg Línea alongside Sergio Fogel, amid rumors about a potential acquisition offer and positive quarterly results
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Why Is Market Friendly Candidate Javier Milei Spooking Investors in Argentina?
The Libertarian’s triumph in the primaries has sparked widespread uncertainty regarding a potentially radical political shift in 2024, but there’s also an optimistic view
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Argentina Primaries 2023: Sergio Massa’s Unión por la Patria Finishes Third
Known locally as the PASO, the elections will narrow down the the final candidates for the general elections in October. Follow all developments, live
English
Argentine Oil Company YPF Reports Profit Drop Despite Surge in Vaca Muerta Output
The state-run energy company announced its second-quarter results, showcasing growth in shale production and investments, although its profit margins narrowed
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What Economic Policies Are Candidates Proposing Ahead of Argentina’s Primaries?
The economy has taken center stage in the electoral agenda, with inflation running close to 120% and markets expecting a sharp devaluation for the peso
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Argentina’s Pampa Energía Sets Gas Production Record, Sees Net Profits Soar
The Argentine energy company saw a 156% year-on-year increase in profits in second quarter, and an 18% increase in natural gas production
English
Argentine Candidate Javier Milei Claims Government Took on Debt to Finance Run on Peso
The presidential candidate spoke to Bloomberg Línea ten days ahead of the country’s primary elections, also referring to the possibility of a sharp devaluation of the peso this month
English
Exclusive: MercadoLibre Seeks to Boost Ad Revenue with New Streaming Platform
Sean Summers, Chief Marketing Officer of the Latin American platform, outlines the main objectives for Mercado Play and its differences with Netflix, Prime, and MAX