US President Donald Trump replied to farmers from his country by defending his support for Argentina's Javier Milei through substantial financial aid. Argentina is “fighting for its life,” people are “dying,” and the South American nation needs help “to survive in a free world,” insisted the Republican leader.
Add your comment!Despite interventions from the United States Treasury, financial tensions continue to escalate in Argentina just over a week before the Oct. 26 midterms. The wholesale dollar recorded its biggest daily rise on Friday in almost six weeks, closing at AR$1,450, a 3.5% increase. It briefly reached an intraday high of AR$1,475, putting it just 2.5% below the floating band ceiling of AR$1,489.10.
Add your comment!Argentina's financial markets bounced back on Wednesday following an intervention and new statements from US Secretary of the Treasury Scott Bessent after initial fearful trading resulting from US President Donald Trump's conditional endorsement of the South American country.
Add your comment!US President Donald Trump said on Tuesday that his country's help to Argentina hinged on Javier Milei's La Libertad Avanza (LLA) winning the upcoming midterms, followed by reelection in 2027. Trump stressed that the upcoming elections were “very important” and “being watched by the world.”
1 commentArgentine President Javier Milei is due in Washington, D.C., on Monday to meet with President Donald Trump at the White House the following day to ratify a strategic alliance between both countries following the recent financial bailout agreement.
Add your comment!US Secretary of the Treasury Scott Bessent announced on Thursday a currency swap with Argentina, whereby Washington would obtain pesos from the South American country in exchange for US$20 billion, following intensive meetings in Washington with Economy Minister Luis Toto Caputo.
Chilean artist Nico Miranda sparked a controversy at the Madrid Wax Museum with his representation of Argentine President Javier Milei as a lapdog of his US colleague Donald Trump, while Israeli Prime Minister Benjamin Netanyahu was likened to “Chuky,” the evil doll.
Congressman José Luis Espert has resigned as chairman of the Budget and Finance Committee in Argentina's Lower House, just hours after withdrawing his reelection candidacy amid a scandal linking him to a drug trafficker wanted in the State of Texas. His bid had further tarnished the already dire situation that President Javier Milei's La Libertad Avanza (LLA) is going through.
Argentine President Javier Milei held a large-scale political event at Buenos Aires' Movistar Arena on Monday, combining a musical show with the presentation of his new book, La Construcción del Milagro (The Construction of the Miracle), just three weeks before the midterm elections, with his La Libertad Avanza forecast to suffer a major defeat following the scandal involving Congressman José Luis Espert and other dubious affairs..
Despite previous announcements in the opposite direction, Libertarian Congressman José Luis Espert admitted on Sunday that he would be dropping his reelection bid to the federal Congress after he was linked to a notorious drug-trafficker wanted in the US State of Texas.