Facundo Rafael Iglesia Frezzini

Argentina

Reporter at Buenos Aires Herald

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Articles

Macri hits pause on potential alliance with LLA after anti-graft bill falls through

5 days ago | buenosairesherald.com | Facundo Rafael Iglesia Frezzini

Former president Mauricio Macri said that negotiations over a common electoral front between his party, the PRO, and ruling party La Libertad Avanza (LLA) have been hindered after the Senate failed to pass the anti-graft bill known as Ficha Limpia (Clean Record) last week. “This has made the attempt even more complicated, which is only an attempt for now, and absolutely no progress has been made,” Macri said in an interview with Radio Mitre.
YPF bets on Vaca Muerta as company reports US$10 million loss in Q1

1 week ago | buenosairesherald.com | Facundo Rafael Iglesia Frezzini

Argentina’s state-owned oil and gas company YPF ended the first quarter of 2025 with a US$10 million loss, a US$667 million drop compared to the same period last year. On Thursday, the company’s CEO, Horacio Marín, and its CFO, Federico Barroetaveña, presented the results to investors.
Caputo’s prospective dollar scheme attracts criticisms

1 week ago | buenosairesherald.com | Facundo Rafael Iglesia Frezzini

Economy Minister Luis Caputo said the government is moving forward with measures to incentivize Argentines to spend the dollar bills they hide “under the mattress” without explaining their origins. The announcement, of which details have yet to be fully disclosed, has its fair share of critics.
Brazilian rioters fugitive in Argentina get extradition trial date

1 week ago | buenosairesherald.com | Facundo Rafael Iglesia Frezzini

Five Brazilians who were arrested in Argentina after being sentenced for participating in the 2023 storming of Brasilia’s government buildings will have their extradition trial on June 18. CNN broke the news last week, and the Herald has confirmed it with people close to the matter. At least 56 Bolsonaristas who participated in the 2023 stormings and escaped to Argentina after being sentenced remain at large.
Thousands bid farewell to Pope Francis in Rome and Buenos Aires

2 weeks ago | buenosairesherald.com | Facundo Rafael Iglesia Frezzini

By Facundo Iglesia and Juan DécimaThousands of mourners gathered in the Vatican on Saturday morning to bid a final farewell to Pope Francis. Cardinal Giovanni Battista Re conducted the funeral service on the steps of Saint Peter’s Basilica that began at 10 a.m. (5 a.m. Argentina time) and lasted a little over two hours. Aerial views showed Saint Peter’s Square brimming with people, as Vatican estimates placed attendance at over 250,000.
YPF to build six LNG boats in Río Negro instead of onshore plant

2 weeks ago | buenosairesherald.com | Facundo Rafael Iglesia Frezzini

Argentina’s state-owned oil and gas company YPF has ditched plans to build an onshore liquefied natural gas (LNG) plant in Río Negro province, opting instead to manufacture six ships with liquefaction units. YPF was slated to build a plant with Petronas, but the Malaysian state-owned energy giant pulled out last December. The ship project, known as “Argentina LNG,” will likewise be located in Río Negro. The floating LNG project will involve constructing six units in three phases.
JP Morgan bullish on short-term carry trades in Argentina

3 weeks ago | buenosairesherald.com | Facundo Rafael Iglesia Frezzini

U.S. multinational financial services firm JPMorgan recommended that investors participate in short-term carry trades in Argentina after the administration lifted several capital restrictions for individuals and companies this week. “We favor short term [foreign exchange] carry trades over longer-duration positions,” said the report issued on Tuesday. They also recommended buying LECAP Treasury bonds maturing in August.
IMF disburses US$12.3 billion, Central Bank dismantles restrictions for foreign investors

1 month ago | buenosairesherald.com | Facundo Rafael Iglesia Frezzini

The International Monetary Fund (IMF) has made the first disbursement of the US$20 billion deal it struck with Argentina last week. A source in the Central Bank told the Herald that the payment totaled US$12.3 billion in Special Drawing Rights (SDRs, the lender’s currency). On the same day, the Central Bank announced that foreign investors will be allowed to access the official exchange rate market, with a six-month minimum parking period.
Hedge funds urge Argentina to pay US$1.5 billion after IMF deal secured

1 month ago | buenosairesherald.com | Facundo Rafael Iglesia Frezzini

Four hedge funds that won a US$1.5 billion case against Argentina in a London court requested on Tuesday that the country returns to the negotiating table. According to the law firm representing the funds, the country’s representatives said they would discuss a payment schedule only after reaching a new deal with the International Monetary Fund (IMF), which was reached on Friday.
Argentina’s country risk at its five-month maximum amid global volatility

1 month ago | buenosairesherald.com | Facundo Rafael Iglesia Frezzini

Argentine markets traded on Tuesday amid the global volatility kick-started by United States President Donald Trump’s reciprocal tariff policy, which is already disrupting the financial world. The country’s EMBI index, which measures the possibility of a default on its debt, ticked up to 978 basis points, its highest value since October. During the day, it even reached 1,000 basis points.