Argentina · Country watch
US-Argentina Investment Deal; Economic Activity Falls
Argentina secures a $7 billion US investment deal, while economic activity drops 2.9% in July.
The picture Mixed How this is judged →
Argentina's business conditions are mixed: a significant US investment boosts infrastructure and export potential, but economic activity's decline in July pressures retail and manufacturing sectors.
In this briefing Supermercados Toledo · National Institute of Statistics and Censuses · United States · Argentina · Vaca Muerta
Companies
Supermercados Toledo faces bankruptcy threat
Part of: Supermercados Toledo's bankruptcy and legal troubles →
Supermercados Toledo, an Argentine supermarket chain, is facing a potential bankruptcy as a creditor seeks to halt asset sales and pursue insolvency proceedings. Ámbito.com reports that the company has accumulated 346 rejected checks totaling nearly $3.5 billion. The judiciary is also demanding explanations regarding the use of funds from previous property sales.
Impact Supermercados Toledo's creditors and suppliers are impacted by potential bankruptcy proceedings.
Sources: Ambito.com ↗
Markets
Economic activity drops 2.9% in July, says INDEC
Argentina's economic activity fell by 2.9% in July, according to the National Institute of Statistics and Censuses (INDEC). Infobae reports that the decline was driven by significant drops in the wholesale, retail, and repair sectors, which fell by 5.1%. The manufacturing industry also contributed to the downturn. This marks a continuation of a negative trend, as the economy struggles to maintain positive momentum.
Impact Retail and manufacturing sectors face pressure as economic activity declines by 2.9% in July.
Sources: Perfil.com ↗, Infobae ↗, Cronica ↗
Trade
US to invest $7 billion in Andes-Atlántico corridor
Part of: US invests $7 billion in Andes-Atlántico Corridor →
The United States and Argentina have signed a $7 billion investment agreement to develop the Andes-Atlántico corridor, focusing on energy, mining, and transportation infrastructure. According to Clarín, the funds will primarily support the Vaca Muerta LNG project, with additional investments in railways, waterways, and ports. This initiative aims to modernize Argentina's infrastructure and boost exports of natural resources.
Impact Energy and mining sectors gain from $7 billion US investment, enhancing export capabilities.
Sources: Clarin ↗, Perfil.com ↗, La Gaceta ↗
Nothing significant reported today in Regulation · Disruption · Internal tension · Safety & health · Politics.
Also today in the local press
- Dólar hoy: a cuánto cotiza este jueves 24 de septiembre — El Economista
- Factor dólar de cara a las elecciones 2027: qué impacto tendrá y el valor esperado — El dia
- Milei logró aprobar la reforma del BCRA, pero tuvo que ceder: el cambio clave que vuelve a Diputados — El Economista
- En un clima de tensión, el Gobierno se reunió con el PRO en Casa Rosada: con el acuerdo demorado, siguieron la votación en el Congreso — Infobae
- LA ECONOMÍA SE DESPLOMÓ: sufrió en julio su peor caída desde la pandemia — El Economista
- Más de 10.000 personas reclamaron una solución para Maricarmen en Madrid: en RDC explicaron el trasfondo del conflicto — Perfil.com
- Súper Niño: alertan por el dengue en una provincia argentina donde casi no llueve — La Gaceta
- ¿Se viene otra ayuda de Estados Unidos? El CEO de JP Morgan anticipó qué espera para el dólar, el cepo y las elecciones de 2027 — El Economista
Sources in this briefing
Sources: each headline links to the original article on the publisher's site.