Argentina · Country watch
University Protests; Country Risk Rises; Bond Sales Paused
Protests over education funding intensify; Argentina's country risk climbs; government pauses local dollar bond sales amid financial pressures.
In this briefing Argentine government · Argentine universities · Javier Milei · Argentina · Bonar bonds
Regulation
Nothing significant reported today.
Disruption
Nothing significant reported today.
Internal tension
University protests demand funding compliance
Students, teachers, and unions across Argentina protested on Thursday, demanding the government comply with the University Funding Law, according to Perfil.com. The protests, which took place nationwide, called for increased funding for public education and science, as well as salary adjustments for university staff. The government has been criticized for not adhering to court rulings mandating these funds. The protests add pressure on the government to address financial commitments in the education sector.
Impact Public universities and their staff face funding shortfalls, affecting operations and salaries.
Sources: Perfil.com ↗, El intransigente ↗, Perfil.com ↗
Safety & health
Nothing significant reported today.
Companies
Nothing significant reported today.
Markets
Argentina's country risk rises to 623 points
Argentina's country risk index rose to 623 points, increasing by 12 points in one day, according to El intransigente. This marks a 4.3% increase in the first half of October. President Javier Milei remains optimistic, projecting a reduction to below 100 points next year. The rise in country risk reflects growing concerns over Argentina's economic stability, impacting investor confidence and the cost of borrowing.
Impact Lenders to Argentina face higher risk premiums, raising borrowing costs.
Sources: El intransigente ↗
Argentina pauses local dollar bond sales
The Argentine government has paused local dollar bond sales for two months, its longest halt since starting the program, reports Buenos Aires Times. The pause occurs as Argentina faces a looming debt wall, complicating its financial position. This decision signals challenges in managing public debt and maintaining investor confidence amid economic pressures.
Impact Investors in Argentine bonds face uncertainty over future bond availability and debt management.
Sources: Buenos Aires Times ↗
Trade
Nothing significant reported today.
Politics
Nothing significant reported today.
Also today in Argentina
- Dólar hoy: ¿A cuánto cotizan el oficial y el blue? — Cronica
- Incidentes en la Marcha Federal Universitaria: piedras, corridas y gases lacrimógenos en inédita represión policial — Perfil.com
- El Gobierno apuntó contra los manifestantes en la marcha universitaria: "Los violentos de siempre quieren imponer el caos" — Cronica
- EN VIVO| Seguridad, narcotráfico y crimen en México hoy 15 de octubre: van 17 policías identificados por abuso contra manifestantes en marcha por agua limpia en Jalisco — Infobae
- El riesgo país subió y superó los 600 puntos — El dia
- Milei’s image improves slightly, but government and economy ratings worsen — Buenos Aires Herald
- La inflación de EEUU y el temor por la IA desataron otra ola de ventas: cómo impacta en el país — El dia
- Caen las acciones argentinas y el riesgo país vuelve a subir hasta los 640 puntos — La Gaceta
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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- Canada: Alberta Referendum Voting, Canada-India Trade Talks
- China: China-EU Trade Mechanism, Mainland Stocks Fall
- Germany: German-China Trade Deficit, Deutsche Bahn Alcohol Ban
- Egypt: Egypt Signs Trade Deals, Wheat Prices Targeted
- Spain: Galicia Drought Expands, Madrid Education Strike
- France: Inflation Surges, Tramway Disruption in Montpellier
- United Kingdom: UK Economy Grows, Rail Disruptions Persist
- Indonesia: Rupiah Nears 18,000, Trade Expo Secures Deals
- Israel: CPI Decline, El Al Index Entry, West Bank Incident
- India: Jio IPO Launch, BS7 Emission Norms, Market Surge
- Iraq: SOMO Compensates IOCs, Iraq-Kuwait Flights Resume
- Iran: Hormuz Closure, Dollar Rises, Oil Tanker Fire
- Italy: Italy's Budget Plan and Truckers' Strike Threat
- Japan: Nikkei Plunge, MUFG Bond Moves, Tax Debate Progress
- Kenya: Fuel Prices Rise, VAT on Fuel Extended, Hygiene Market Investment
- South Korea: KOSPI Plunge, Korean Air Revenue Surge
- Lebanon: Lebanon Shipping Costs Rise, Energy Minister Absent
- Morocco: Russian Diesel Arrives, Rabat Unrest, Dirham Rates
- Mexico: Hurricane Trudy Threatens, HR Ratings Downgrades Mexico
- Malaysia: Selangor Schools Close Due to Haze; Ringgit Falls
- Nigeria: NAFDAC Cracks Down on Counterfeits, Ondo Orders River Fumigation
- Netherlands: Albert Heijn Cyberattack, Diesel Prices Drop
- Poland: Fuel Prices Cut, President Vetoes Laws
- Portugal: Porto Housing Protests, Vodafone Challenges Huawei Ban
- Russia: Volga Airports Reopen, Starlink Slows Ukraine Drones
- Senegal: Senegal Water Alert, TRS Inquiry, Navétanes Suspended
- Syria: Syrian Petroleum Audit, Highway Closure
- Turkey: Istanbul Floods Disrupt, New Phone Installment Rules
- Ukraine: Kyiv Power Outages, Drone Exports Approved
- United States: Suspicious Mail, Tech Selloff, Starlink Limits
- Vietnam: Petrol Prices Cut, Sacombank Auctions Assets
- Yemen: Houthi Attacks Escalate, Taiz Under Siege
- South Africa: Power Outages Hit Gqeberha, SASSA Alters Grant Dates