Argentina · Country watch
Argentina Protests UK Oil Licenses; Markets Decline
Argentina protests UK oil licenses in Falklands; markets hit by rising country risk and bond declines.
In this briefing Argentine government · disability benefits · S&P Merval · YPF · Central Puerto · Javier Milei · Falkland Islands · British Embassy in Buenos Aires
Regulation
Government halts disability cuts, plans new law
The Argentine government has reversed its decision to cut disability benefits and has agreed to draft a new law ensuring medical coverage, pensions, and fee indexation, Perfil.com reports. The move aims to avoid a legislative defeat and is part of a broader strategy to present the initiative as a libertarian proposal. The new draft removes the term 'emergency' to gain broader support.
Impact Public-sector entities involved in disability services must adjust to the new legislative framework.
Sources: Perfil.com ↗
Disruption
Nothing significant reported today.
Internal tension
Nothing significant reported today.
Safety & health
Nothing significant reported today.
Companies
Nothing significant reported today.
Markets
Argentine markets decline as country risk rises
Argentine markets closed mostly lower, with the S&P Merval index falling 0.76% to 2,998,955.82 points, El Dia reports. YPF, Central Puerto, and TGS led the losses, while TGN, Telecom, and Metrogas saw gains. On Wall Street, YPF fell 3.24%, and TGS dropped 1.47%. Argentine bonds also declined, with country risk rising to 552 points, according to Infobae. The decline in markets reflects investor concerns over Argentina's economic stability.
Impact Investors in Argentine equities and bonds face increased risk as market conditions worsen.
Trade
Nothing significant reported today.
Politics
Argentina protests UK's Falklands oil license extension
The Argentine government has lodged a formal protest with the United Kingdom over the extension of oil production licenses in the Falkland Islands, Infobae reports. The protest was presented to the British Embassy in Buenos Aires, following the announcement by the Falklands' administration. This move comes after sanctions were imposed by President Javier Milei's government. The protest underscores ongoing tensions between Argentina and the UK over the disputed territory.
Impact Energy companies with interests in the Falklands face increased geopolitical risk.
Also today in Argentina
- RDEco: el riesgo cambiario y político condiciona el financiamiento de hidrocarburos y minería — Perfil.com
- RDEco: la continuidad del programa económico genera dudas en el mercado — Perfil.com
- Los bonos derrapan, pero las chances de que Milei reelija siguen en 70% — El Economista
- La Bolsa de São Paulo sube un 0,44 % impulsada por el escenario electoral — Infobae
- El Gobierno reunió a la mesa política y busca ordenar la agenda legislativa tras los cruces internos — Perfil.com
- En RDEco advirtieron sobre la pérdida de poder adquisitivo pese a la desaceleración de la inflación — Perfil.com
- EN VIVO | Bloqueos en carreteras, accidentes y manifestaciones hoy 22 de septiembre — Infobae
- El Riesgo País sube a 543 puntos: los factores tras la suba — Perfil.com
Sources in this briefing
- Infobae 2
- Cronica 1
- El dia 1
- Perfil.com 1
Sources: each headline links to the original article on the publisher's site.
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- Malaysia: Melaka Assembly Dissolved, UPM Partners with Himalaya
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- Syria: US-Syria Relations, Financial Sector Transformation
- Turkey: BIST 50 Rule Change, Istanbul Power Outages
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