Argentine President Milei warns economic shock unavoidable in maiden speech

Argentine President Milei warns economic shock unavoidable in maiden speech

BUENOS AIRES, Dec 10 (Reuters) – Argentina libertarian economist Javier Milei took office on Sunday warning in his maiden speech that he had no alternative to a sharp, painful fiscal shock to fix the country’s worst economic crisis in decades, with inflation heading towards 200%. “There is no alternative to a shock adjustment,” he said … Read more

Venezuela and Guyana to meet on December 14 amid territorial dispute

Venezuela and Guyana to meet on December 14 amid territorial dispute

[1/4]People stand during an event to unveil a map of Venezuela showing the disputed Esequibo region as part of the country, as tensions between Venezuela and Guyana have ratcheted up in recent weeks over a long-running territorial dispute, in Caracas, Venezuela, December 8, 2023. REUTERS/Leonardo… Acquire Licensing Rights Read more SAO PAULO, Dec 9 (Reuters) … Read more

With soy and lithium trade in the balance, Argentina’s Milei has a China conundrum

With soy and lithium trade in the balance, Argentina’s Milei has a China conundrum

BUENOS AIRES/BEIJING, Dec 7 (Reuters) – Argentina’s President-elect Javier Milei has a China conundrum. The libertarian economist insulted communist-run China in a fiery campaign, but takes office on Sunday needing the country’s second-largest trade partner more than ever as a recession looms and foreign currency reserves run dry. Since he won the Nov. 19 election, … Read more

Venezuela’s Maduro to push oil exploration in disputed territory

Venezuela’s Maduro to push oil exploration in disputed territory

Venezuelan President Nicolas Maduro attends an event at the National Electoral Council (CNE) after voters in a referendum rejected the International Court of Justice’s (ICJ) jurisdiction over the country’s territorial dispute with Guyana and backed the creation of a new state in the potential oil-rich Esequibo, in Caracas,… Acquire Licensing Rights Read more CARACAS, Dec … Read more

Venezuelan voters reject ICJ jurisdiction in dispute with Guyana

Venezuelan voters reject ICJ jurisdiction in dispute with Guyana

CARACAS/GEORGETOWN, Dec 3 (Reuters) – Voters in Venezuela rejected the International Court of Justice’s (ICJ) jurisdiction over the country’s territorial dispute with Guyana and backed the creation of a new state in the potential oil-rich Esequibo region in a Sunday referendum. The court this week barred Venezuela from taking any action which would change the … Read more

Cuban family business produces flour from coconut and yucca as shortages fester

Cuban family business produces flour from coconut and yucca as shortages fester

[1/5]Entrepreneur Gabriel Perez, 38, poses for a photo as he checks slices of banana put to dry in his farmland in the rural outskirts of Havana, Cuba, November 22, 2023. REUTERS/Alexandre Meneghini Acquire Licensing Rights HAVANA, Nov 28 (Reuters) – On a small farm outside Havana, a Cuban family-run business produces gluten-free flour from banana, … Read more

EUROPE Nvidia shares take bumpy ride after hours

EUROPE Nvidia shares take bumpy ride after hours

The logo of NVIDIA as seen at its corporate headquarters in Santa Clara, California, in May of 2022. Courtesy NVIDIA/Handout via REUTERS/File Photo Acquire Licensing Rights A look at the day ahead in European and global markets from Wayne Cole. The early focus was on Nvidia (NVDA.O), which in AI tech terms is the only … Read more

Argentina markets buckle up for reopening after Milei election triumph

Argentina markets buckle up for reopening after Milei election triumph

Argentina domestic markets re-open after Monday bank holiday International bonds, US-listed stocks surged in post election rally U.S.-premarket indications point to more equities gains LONDON, Nov 21 (Reuters) – Investors were buckling up on Tuesday as Argentina’s local markets prepared to reopen after the weekend’s presidential election win of radical libertarian outsider Javier Milei. Argentina’s … Read more

China warns Argentina severing ties would be ‘serious mistake’

China warns Argentina severing ties would be ‘serious mistake’

China’s foreign ministry spokesperson Mao Ning attends a press conference in Beijing, China July 26, 2023. REUTERS/Tingshu Wang/File photo Acquire Licensing Rights BEIJING, Nov 21 (Reuters) – China said on Tuesday it would be a “serious mistake” if Argentina were to cut ties, after the weekend presidential election victory in the South American country of … Read more

Argentina voting ends in nail-biter election with libertarian slight favorite

Argentina voting ends in nail-biter election with libertarian slight favorite

BUENOS AIRES, Nov 19 (Reuters) – Argentina was on tenterhooks on Sunday as voting ended in a tight presidential runoff, with two starkly different visions for the country’s future on offer and an electorate simmering with anger at triple-digit inflation and rising poverty. The election pits Peronist Economy Minister Sergio Massa, at the helm for … Read more