Argentina · Country watch
Power Outage Hits Buenos Aires; US Rate Hike Impacts Debt
A major power outage disrupts Buenos Aires, and US rate hikes increase Argentina's debt costs.
In this briefing Edenor · Edesur · Buenos Aires · US Federal Reserve · Argentina · Casa Rosada · Argentine Congress
Disruption
Massive Power Outage Affects Buenos Aires Region
A massive power outage affected nearly 700,000 users in the Buenos Aires Metropolitan Area (AMBA), according to El Intransigente. The blackout began around 19:47, impacting areas serviced by Edenor and Edesur, including Palermo, Vicente López, Núñez, Belgrano, and Recoleta. Traffic lights were out, and people were trapped in elevators. Edesur has since restored service, but the cause of the outage remains unknown.
Impact Energy providers and logistics operators in Buenos Aires face disruptions due to the outage.
Sources: El intransigente ↗, Infobae ↗
Markets
US Rate Hike Raises Argentina's Debt Costs Above 10%
The cost of Argentina's debt has risen above 10% following a US Federal Reserve rate hike, according to La Politica Online. The 10-year US Treasury yield reached its highest level since 2007, increasing the cost for Argentina to issue new debt. This development adds pressure on Argentina's financial markets as the country grapples with economic challenges.
Impact Argentine borrowers face higher costs for new debt issuance due to increased US rates.
Sources: La Politica Online ↗
Politics
Government Resumes Talks with Provinces on Key Projects
Part of: Argentina government negotiates key projects with provinces →
The Argentine government has resumed negotiations with provincial governments to advance key legislative projects, reports El Intransigente. The Casa Rosada has instructed its legislators to reduce confrontation and focus on five priority laws, with the 2027 Budget being a central piece of negotiation in Congress. This move aims to facilitate the passage of crucial economic measures.
Impact Public-sector stakeholders anticipate progress on legislative projects affecting provincial economies.
Sources: El intransigente ↗
Nothing significant reported today in Regulation · Internal tension · Safety & health · Companies · Trade.
Also today in the local press
- Presupuesto nacional 2027: administrar el deterioro de expectativas — El dia
- Gobierno declara estado de emergencia por 60 días en estas tres regiones de la costa peruana — Infobae
- Bienvenidos a la oclotiranía — Perfil.com
- Empresas con deudas: aumenta el riesgo financiero — El dia
- Milei llevará a más de una decena de gobernadores en su visita a París — Perfil.com
- Las cinco enfermedades que pueden transmitirse por no lavarse las manos: cuáles son — La Gaceta
- “Toto” Caputo y una semana, cruzada por reclamos propios y ajenos — El dia
- EN VIVO | Clima CDMX y resto de México hoy 20 de septiembre: se formó Tormenta Tropical Odalys — Infobae
Sources in this briefing
Sources: each headline links to the original article on the publisher's site.