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Argentina is becoming an attractive destination for shared service centers despite rising costs. A study shows that 58% of companies are expanding their operations, focusing on higher complexity skills and quality. Competitiveness is based not only on costs but also on local talent and the adaptability of professionals. However, growth is not unlimited, as 37% of companies have postponed projects due to budget constraints.
By El Cronista
The MSCI Merval is a new stock index in the Argentine market that includes 19 leading companies and was created through a partnership with MSCI. It alters the previous methodology to now focus on market capitalization and liquidity of the companies, aiming to enhance the visibility of the local market internationally. While seen as a step forward, analysts note that the index's concentration in a few sectors may limit diversification and does not ensure an increase in foreign investment.
By iProfesional
The government of Javier Milei is seeking to attract lithium investments in England while hardening its stance on the sovereignty of the Falkland Islands. During the Argentina Day, a forum on strategic minerals in London, investment opportunities were discussed despite diplomatic tensions. The event faced internal cabinet disagreements and highlights the government's interest in improving Argentina's reputation as an attractive investment destination after years of economic missteps.
By Perfil
U.S. Ambassador to Argentina, Peter Lamelas, conditioned financial support for the country post-2027 on a political shift towards the right, endorsing Javier Milei's government. He announced up to $20 billion in investments and credits available before the end of next year, emphasizing the need for progress. Furthermore, he highlighted strategic projects in energy and mining, linking investment to Argentina's political direction amid competition with China.
By La Nación
U.S. Judge Loretta Preska closed the case regarding YPF's expropriation, leaving plaintiffs with two paths to pursue. The U.S. Supreme Court might review the ruling, but the chances of it taking the case are low. Another option is an arbitration claim at the ICSID, which could take years and may result in a lower possible award than demanded.
By Clarín
Aeropuertos Argentina is planning a bond issuance between 400 and 600 million dollars to restructure its financing and support a new investment program following the extension of its concession. Part of the funds will be used to refinance existing debt, while the remainder will be allocated to airport infrastructure and working capital. This issuance is part of new investment commitments following the re-adjustment of the concession contract.
By iProfesional
On November 26, YPF and its international partners will announce the Final Investment Decision (FID) for the Argentina LNG mega-project in Buenos Aires, marking a milestone in the country’s energy history with a total investment of $51 billion. This project promises to transform Argentina's productive profile in the global liquefied natural gas market, with expected generation of 40,000 jobs and significant export flow. The construction of necessary infrastructure, such as a deep-water port and a high-pressure pipeline, responds to the growing global demand for gas.
By iProfesional
General Motors has announced its intention to import three SUV models to Argentina, the Chevrolet Traverse, Tahoe, and Suburban, under a new trade agreement with the United States. This agreement will allow the importation of 10,000 units without paying a 35% tariff. The arrival of the vehicles is subject to regulations still being negotiated between the governments.
By La Nación
Martín Vauthier, director of the Central Bank of Argentina, stated that the country is undergoing a "structural change" due to increased exports from the energy and mining sectors, leading to significant projected surpluses in the coming years. This development allows for access to dollars for imports, debt payments, and personal purchases, contrasting with previous restrictions. However, the need to accumulate reserves to consolidate economic stability and enable sustained growth was emphasized.
By La Nación
A broker from Argentina's City, Bull Market Brokers, has identified four attractive stocks from the local stock exchange: Central Puerto, Pampa Energía, Transportadora de Gas del Sur (TGS), and Grupo Financiero Galicia. Despite the market's decline, the broker maintains its investment in these stocks, linking their recovery potential to factors such as country risk and international rates.
By El Cronista
Argentinian stocks, particularly in the energy and banking sectors, present recovery opportunities according to analyses from various financial sources. Notable companies include Central Puerto, Pampa Energía, and YPF, each with different projected growth in their target prices. However, the limited coverage of some assets leads to uncertainty about their actual valuation. The recent change to the MSCI Merval index may also impact tracking by international investors.
By iProfesional
Bersa, an Argentine arms manufacturer, is organizing an event aimed at bringing the community closer to the work of security forces and showcasing its technology and products. This event, scheduled for late October, seeks to strengthen the ties between the company, the defense sector, and the public. The company has expanded its production in the United States and is diversifying its business line to include less-lethal devices.
By iProfesional
LATAM Airlines has expressed interest in resuming domestic flights in Argentina, which were suspended in 2020. The company's CEO, Roberto Alvo, highlighted the new regulatory conditions that favor expansion in the Argentine market, although no concrete plans for these flights have been announced. LATAM currently leads the international flight market in the country, with significant involvement in connections to other South American countries.
By El Cronista