Argentina Financial News

BRICS leaders meet in South Africa next week to discuss how to turn a loose club of nations accounting for a quarter of the global economy into a geopolitical force that can challenge the West's dominance in world affairs. Russian President Vladimir Putin, who faces an international arrest warrant over alleged war crimes in Ukraine, will not join leaders from Brazil, India, China and South Africa amid rifts over whether to expand the bloc to include dozens of «Global South» nations queuing up to join.

By Siddharth Cavale and Ananya Mariam Rajesh

By Walter Bianchi, Jorge Otaola and Lucinda Elliott

Lionel Messi, the Argentine superstar who recently joined Inter Miami, continues to shine, driving his team's impressive performance. Inter Miami secured a spot in the CONCACAF Leagues Cup final with a convincing 4-1 victory over Philadelphia Union on Tuesday. This achievement puts the club in contention for its first championship in four seasons of participation.

An Argentinian politician has claimed the country will soon become a ‘Bitcoin haven,’ with the nation edging closer to electing a BTC-keen head of state.

Investing.com – The Argentina peso faces a tough road ahead, ING warned Tuesday, as the recent shock primary election victory for Argentina's far-right presidential candidate Javier Milei throws the country's political and economic future into doubt. 

BRASILIA (Reuters) -Brazil will likely need to upwardly revise its inflation estimates, central bank Governor Roberto Campos Neto said on Tuesday, after state-run oil giant Petrobras announced a fuel price hike earlier in the day.

(Reuters) — Argentine radical libertarian Javier Milei is in touch with the International Monetary Fund regarding the country's $44 billion loan deal, he told local radio on Tuesday, just days after his shock win in the country's primary election.

By Dhara Ranasinghe

Argentina and Russia are giving money managers a brutal reminder this week of idiosyncratic risks in emerging markets. 

European stocks fell and government bond yields climbed as inflationary fears fueled bets interest rates will stay higher for longer. China’s yuan retreated to its weakest since November after a surprise interest-rate cut. 

BRICS Leaders’ Summit is set to be held from 22 August to 24 August, with leaders from Brazil, South Africa, India and China expected to meet in Johannesburg. Mint looks at what is the agenda. – Leaders of the BRICS nations, minus Russian president Vladimir Putin, will meet in later this month in South Africa for the 15th Summit.

Javier Milei, a libertarian candidate who supports abolishing the central bank and has praised Bitcoin (BTC), secured an unforeseen triumph by winning the primary presidential election in Argentina.

Foo Fighters concert in San Francisco. During the show, Foo Fighters frontman Dave Grohl initiated a playful act by questioning the audience's familiarity with Bublé's 2009 hit, «Haven't Met You Yet,» while introducing drummer Josh Freese. Freese, who has played alongside both Bublé and Foo Fighters, joined the band after their drummer Taylor Hawkins' passing. Grohl addressed the audience's claims of knowing the Bublé song, stating that many had volunteered but didn't actually know it. He asked, «Who knows the song?» In an unexpected twist, Bublé himself emerged in the crowd, holding a sign that read, «I [heart] Bublé.» Amidst cheers, Grohl acknowledged Bublé's presence, humorously remarking, «We've got a superfan. He better know the song.» Bublé confidently took the microphone and, with Freese on drums, began singing the song. Grohl playfully complimented Bublé, saying, «OK, this guy's pretty good. This guy's pretty good.» Together, they completed the song before Grohl formally introduced Bublé and recounted his journey to the stage. Grohl praised Bublé's dedication, revealing that the Canadian singer had flown all the way from Argentina that day to perform the song. Grohl's comment on taking a joke to an extreme highlighted Bublé's commitment to the light-hearted prank. In this unexpected cameo, Michael Bublé blended his talent with Foo Fighters' performance, showcasing a seamless collaboration between two well-known artists. The surprise appearance delighted the audience, adding a memorable moment to the concert experience.

MEXICO CITY (Reuters) — The International Monetary Fund on Monday said it welcomed Argentine authorities' recent policy actions and commitment to safeguarding stability, rebuild reserves and enhance fiscal order.

By Adam Jourdan, Eliana Raszewski and Anna-Catherine Brigida

Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________

By Eliana Raszewski and Jorgelina do Rosario

An Argentinian politician with a knack for supporting Bitcoin and calling for the abolishment of his country’s central bank has taken the lead in the country’s presidential primary elections.

BUENOS AIRES (Reuters) — Argentina will sign loans worth $500 million with international lenders next week, Economy Minister Sergio Massa announced on Saturday, the day before a primary election in which he is running for president to lead the embattled ruling coalition.

By Maximilian Heath and Miguel Lo Bianco