Page 3 - Argentina

In address to congress, Argentine President Milei promises IMF deal

Argentina's libertarian president Javier Milei signalled late Saturday that a new deal with the International Monetary Fund was imminent, as he used his annual address to congress to project an optimistic picture of his economic overhaul following a divisive first year in office and recent swirl of controversies. In a speech that played to the sentiments of his right-wing base but included little in the way of new policy, Milei promised the crisis-stricken nation that, in the coming days, he would ask congress to support the government in this new agreement with the International Monetary Fund" even as it seemed Argentina had yet to close the deal. Revisiting the economic themes of his 2023 presidential campaign ahead of crucial midterm elections in October, Milei declared: We went from talking about hyperinflation to talking about long-term stability. He cited his standard refrain about the government's success in dragging down the monthly inflation rate from a peak of 26 per cent

Musk, joined by Argentine President Javier Milei, wields chainsaw at CPAC

Musk, dressed in a black "Make America Great Again" cap and sunglasses, was joined by Argentine President Javier Milei, who handed him a chainsaw at the CPAC

India, Argentina sign agreement to explore lithium, other critical minerals

India and Argentina on Wednesday signed an agreement for deeper collaboration in exploration and resource development of critical minerals, particularly lithium, an official statement said. The Memorandum of Understanding (MoU) was signed in the presence of Union Minister for Coal and Mines G Kishan Reddy, Governor of Catamarca, Argentina, Ral Alejandro Jalil, here. Both sides discussed expanding cooperation in the mining sector, particularly in lithium exploration and investment opportunities, the Ministry of Mines said in a statement. "A key highlight of the meeting was the signing of a Memorandum of Understanding between Mineral Exploration and Consultancy Limited (MECL), a PSU under the Ministry of Mines, and the Provincial Government of Catamarca, Argentina, which will pave the way for deeper collaboration in exploration and resource development of critical minerals," it said. Argentina, known for its vast lithium reserves, is a crucial partner for India in securing essential

Argentine President Javier Milei defends crypto tweet amid backlash, losses

Javier Milei, facing legal complaints and impeachment calls, compares investor loss in crypto to gambling

Argentine Prez Javier Milei accused of fraud over $LIBRA crypto promotion

Argentinian President Javier Milei's brief endorsement of a cryptocurrency and subsequent deletion of post led to severe loss for investors

Argentina's President Milei orders withdrawal from WHO, echoing Trump

Argentina's president has ordered the country's withdrawal from the World Health Organization due to profound differences with the U.N. agency, a presidential spokesperson said Wednesday. President Javier Milei 's decision echoes that of his ally, U.S. President Donald Trump, who began the process of pulling the United States out of WHO with an executive order on his first day back in office on January 21. The loss of another member country will further fracture cooperation in global health, though Argentina was expected to provide only about USD 8 million to WHO for the agency's estimated $6.9 billion 2024-2025 budget. Argentina's decision is based on profound differences in health management, especially during the (COVID-19) pandemic, spokesperson Manuel Adorni told a news conference in Buenos Aires. He said WHO guidelines at the time led to the largest shutdown in the history of mankind. Argentina will not allow an international organization to intervene in its sovereignty and m

Lionel Messi to India confirmed? When will Argentina come to play in India?

In addition to a friendly match, Messi is expected to spend 20 minutes on a public stage to interact with his fans in Kerala.

Coal India looks to Argentina for lithium brine assets, critical minerals

Coal India Ltd (CIL) has set its sights on Argentina as a destination in its strategic diversification into critical minerals, with a focus on lithium brine assets, an official said on Sunday. Recognising the economic significance and strategic value of minerals like lithium (Li), nickel (Ni), cobalt (Co), and others, the Maharatna company has initiated steps to explore opportunities in key resource-rich nations such as Argentina, Australia and Chile. "The state-owned mining behemoth has invited expressions of interest (EoI) from experienced consultants to conduct technical due diligence on lithium brine assets in Argentina," a senior Coal India official told PTI. The selected consultant will undertake due diligence, an initial review process to assess the financial, strategic, and geological viability of the identified assets, he said. Lithium brine is a concentrated salt solution that contains dissolved lithium and other minerals. Lithium is in great demand for its use in ...

Argentina's Milei scores win with $1 bn repurchase deal from five top banks

Argentina's sovereign bonds climbed on Friday's announcement. Benchmark notes due in 2035 touched a session high before paring gains

Argentina exits recession in Q3 as Prez Milei eyes growth before mid-terms

Gross domestic product expanded 3.9 per cent from July to September compared to the previous three-month period, better than analysts' expectations for 3.4 per cent growth

Italy grants citizenship to Argentine Prez Javier Milei for his heritage

Javier Milei, whose grandparents migrated from Italy to Argentina, was granted Italian citizenship based on his ancestral ties, according to Italy's foreign ministry

IMF's handling of large loans to troubled nations under scrutiny

The fund's Independent Evaluation Office studied roughly 20 years of lending under the so-called Exceptional Access Policy and prepared a set of recommendations

PM Modi visits Guyana: Why South American nation is crucial to India

South American nation has become a significant contributor to world crude supply

Argentina's Milei pivots to pragmatism in first talks with China's Jinping

Last year, then-presidential candidate Javier Milei declared Argentina would not "make deals with communists" in China or Brazil, calling their leaders "murderers" and "thieves" in a bid to channel the populist energies of Donald Trump and other global far-right icons into a winning political message. But on Tuesday, President Milei found himself at the Group of 20 Summit in Rio de Janeiro shaking hands with Chinese President Xi Jinping and vowing to boost trade with the Asian powerhouse, a day after his economy minister signed a preliminary agreement to export Argentine natural gas to Brazil. Milei even acquiesced to a joint declaration endorsed by world leaders late on Monday despite his earlier attempts to play spoiler to the G20 host, Brazil's left-wing President Luiz Inacio "Lula" da Silva who was once called by Milei a "corrupt communist". The final moments of the high-profile summit on Tuesday revealed Milei's more pragmatic streak, coming as a surprise after the irascible ..

Trump meets Argentina's president, first foreign leader meet since election

Donald Trump met Thursday at his Mar-a-Lago club with Argentine President Javier Milei, the first foreign leader to meet the president-elect since his victory in last week's election. The meeting was confirmed by a person who insisted on anonymity to discuss a meeting that hadn't yet been announced publicly. The person said the meeting went well and Milei also met with investors. After meeting with Trump, Milei, a self-described anarcho-capitalist and frequent recipient of Trump praise, addressed the America First Policy Institute gala at Mar-a-Lago. He slammed left-wing ideologies and saluted Elon Musk, the owner of X, saying his social media site is helping to save humanity. Shortly after Milei's election in November 2023, Trump posted on social media, You will turn your country around and truly Make Argentina Great Again! Milei first met Trump in February at the Conservative Political Action Conference, or CPAC, in the Washington area. He has openly declared his admiration for .

Brazil's embrace of Xi sets up a clash over Donald Trump's China policy

The infrastructure build-out is part of Lula's grand plan to move Brazil up the value chain and develop economically, with Beijing's help as key

Initial report shows Liam Payne had cocaine in his system when he died

An initial toxicology report for ex-One Direction singer Liam Payne, who died last week after falling from a third-floor hotel balcony in Buenos Aires, showed that he had cocaine in his system after his death, an Argentine official said. The final toxicology results are not expected to be made public for some weeks. But the preliminary toxicology report of the wildly famous boy band star, handed to local prosecutors on Monday, suggested evidence of exposure to cocaine, the official said, stressing that these initial results don't offer an accurate reading of just how much was circulating in his blood when he died. The official spoke on condition of anonymity because he was not authorized to brief journalists. The preliminary report was widely reported in local media on Monday. Argentina's public prosecution is investigating the case which is not uncommon when a death is sudden or unexpected. Payne's autopsy concluded that the traumatic injuries that caused his death were consisten

Liam Payne, former One Direction member, dies at 31 in Argentina hotel fall

Former One Direction singer Liam Payne, 31, whose chart-topping British boy band generated a global following of swooning fans, was found dead Wednesday after falling from a hotel balcony in Buenos Aires, local officials said. Buenos Aires police said in a statement that Payne fell from the third floor of the Casa Sur Hotel in the trendy Palermo neighborhood of Argentina's capital, resulting in extremely serious injuries. Medics confirmed his death on the spot, the statement said. Pablo Policicchio, the communications director for the Buenos Aires Security Ministry, said in a statement to The Associated Press that Payne had jumped from the balcony of his room. Police rushed to the hotel in response to an emergency call just after 5 pm local time, he said, warning of an aggressive man who could be under the influence of drugs or alcohol. The hotel manager can be heard on a 911 call obtained by the AP saying they had "a guest who is overwhelmed with drugs and alcohol ... He's destroy

Argentina to launch new test for 40,000 state staff; failure means 'fired'

The nature of this suitability test is not known yet. Argentina's Javier Milei administration has been aggressively cutting government spending and has fired 50,000 employees since December

Brazil beat Chile away from home in WC qualifying, Messi's Argentina draws

An 89th-minute goal by substitute Luiz Henrique gave Brazil a 2-1 away win over Chile in a 2026 World Cup qualifying match. The win meant under-pressure Brazil coach Dorival Jnior's team will finish the ninth round of the round-robin competition in fourth place in South American qualifying. Earlier, Lionel Messi's Argentina drew Venezuela 1-1 in a match that was delayed for 30 minutes due to a wet pitch at Monumental Stadium in the Venezuelan city of Maturin. Argentina, which leads the 10-team competition, has 19 points after nine matches. Colombia, with 16 points, remains in second place after losing 1-0 at Bolivia. Uruguay is third with 15 points and has a chance to add more in a match against Peru on Friday. Brazil has 13 points. Brazil has dramatic comebackChile, one of the worst-performing teams in South American qualifying, opened the scoring seconds after the kickoff at the National Stadium in Santiago. Veteran striker Eduardo Vargas headed past goalkeeper Ederson, with the