Argentina · Country watch
Argentina Bonds Rebound; Bunge Plant Closure Protest
Argentina's sovereign bonds see a slight recovery, while Bunge faces worker protests over a plant closure in Campana.
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Conditions for business in Argentina remain stable. While bond markets show slight recovery, protests at Bunge highlight ongoing industrial tensions. Trade talks with New Zealand offer new opportunities.
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In this briefing Bunge · Campana · Argentina · JP Morgan · María Belén Bogado · New Zealand
Internal tension
Bunge workers protest plant closure in Campana
Workers at Bunge's Campana plant are protesting against its closure, which affects 110 direct employees, La Izquierda Diario reports. The agroindustrial multinational has shut its gates, preventing the night shift from entering. This action is part of a broader trend of chemical companies in the Zárate Campana area reducing their workforce. The closure is attributed to deregulation policies and free importation, which have impacted local production.
Impact Bunge employees face job losses, affecting local manufacturing and agriculture sectors.
Sources: La Izquierda Diario ↗
Markets
Argentina's sovereign bonds rebound, risk remains high
Argentina's sovereign bonds in dollars rebounded, with increases of up to 1.4%, led by Global 2041, Global 2046, and Global 2035, according to El dia. The country's risk index, measured by JP Morgan, decreased but remained above 750 basis points. This recovery follows a negative market reaction to Lula Da Silva's victory in Brazil. The MSCI Merval index also recovered slightly, showing resilience despite regional market pressures.
Impact Bondholders see a slight recovery in Argentine sovereign debt, but risk levels remain elevated.
Sources: El dia ↗
Trade
Argentina and New Zealand aim to boost trade sixfold
Argentina and New Zealand are exploring ways to increase their trade volume by six times, according to Todo Agro. Argentine ambassador María Belén Bogado highlighted direct flights connecting Shanghai and Buenos Aires as a strategic move. The trade includes niche exports like Córdoba peanuts, wines, and pet food. This initiative aims to break historical trade barriers and leverage the Trans-Pacific Partnership.
Impact Exporters of niche products like peanuts and wine gain new market opportunities in New Zealand.
Sources: Todo Agro ↗
Nothing significant reported today in Regulation · Disruption · Safety & health · Companies · Politics.
Also today in the local press
- Noviembre llega con aumentos: cuánto subirán los alquileres, el transporte, las prepagas y los colegios — Perfil.com
- Las bolsas globales se sacuden entre el boom de la inteligencia artificial, el petróleo a US$115 y la expectativa por la Fed — Perfil.com
- RDEco: qué puede pasar con el dólar si el Gobierno busca contener la inflación — Perfil.com
- Cayeron las acciones y los bonos argentinos y subió el riesgo país, atados al efecto Brasil — Infobae
- RDEco: cómo influye el atraso cambiario en las exportaciones y qué desafíos plantea para la economía argentina — Perfil.com
- Dólar hoy: a cuánto cotizan el blue, el MEP y el oficial — Cronica
- La industria del calzado se declaró en emergencia: cayó 24,8% la producción y convocó a una marcha nacional — Perfil.com
- Dengue y Fenómeno El Niño: Perú compra 1,1 millones de vacunas ante el riesgo de nuevos contagios — Infobae
Sources in this briefing
Sources: each headline links to the original article on the publisher's site.
The same day elsewhere
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- Iraq: Iraq Court Lifts Foreign Ownership Ban, Pharma Imports Approved
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- Italy: Italy Approves 2027 Budget, Diesel Tax Cut Reinstated
- Jordan: Flood Damage Repairs and Fuel Price Hike
- Japan: Chiba Earthquake Hits, Shipping Costs Surge
- Kenya: Tea Levy Suspended, Refugee Crisis at Border
- South Korea: Samsung Faces FTC Penalty, KOSPI Surges 4.54%
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- Morocco: Energy Prices Surge, Port Expansions Accelerate
- Mexico: Mexico Visa Fees Surge, Military FDI Veto Approved
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- Nigeria: Dangote Refinery IPO, Lagos Health Insurance Deadline
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- Poland: Fuel Price Changes, Orlen Legal Move
- Portugal: Portugal Budget Passes, CP Strike Canceled
- Russia: Moscow Index Rises, Central Bank Adjusts Rates
- Senegal: Senegal Budget Cuts, Health Measures for Youth Olympics
- Syria: Floods Disrupt Supply Chains, Syria-Iraq Economic Talks
- Turkey: Severe Weather Warnings, Trade Surplus Rise
- Ukraine: Oleshky Truce Holds, Kyiv Power Stable, Drug Supply Issues
- United States: Fed Holds Rates, Weil Gotshal Dissolves
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