Argentina has three more days to secure a stay from the Court of Appeals. Two weeks ago, judge Loretta Preska ordered the country to hand 51% of its shares to the plaintiffs
Economics
According to the Argentine Public Budget Association, the government spent more money than it usually does in the first semester
Argentina’s shares and bonds slid after the opposition’s congressional win on social spending
Streamer Alejandro Fantino caused a firestorm online by saying that the next three months would be ‘very rough’
International financial regulations require accounting for potential credit losses. The problem was reported in April and continued in May and June
‘Don’t miss out on it, champ,’ Luis Caputo encouraged skeptics who believe the local currency is artificially appreciated
Each Argentum (AG) would be equivalent to AR$1,000, so three zeros would instantly be eliminated in a similar proposal to the economic policy of the 1990s
The country risk went up to 701 basis points as doubts among investors increase
Market sources estimate that the country raked in US$4 billion less than the intended amount during the period under review