Argentina praying for rain again to save soybean and corn crops. A fifth of soy acreage now considered in a bad way, according to @BolsadeC_ETyM. But water is on the way for SOME farms 👇
An Argentine court denied an injunction request to suspend bids to dredge a key global waterway. While the tender "at first sight" doesn't seem skewed to the current contractor, the court said the complexity of that accusation needs more scrutiny in another legal forum.
Story 👇
Nutrien is said to be taking steps toward a sale of its 50% in Argentina fertilizer manufacturer Profertil after putting the equity stake -- recently valued at some 340m US dollars -- up for review.
Regulators in Canada finally approved Bunge's takeover of Viterra there, clearing a key hurdle to closing the global deal, by @isiscarol14bloomberg.com/news/articles/…
Powerful reporting here by @annaedney. Echoes of C-8.
"When it comes to regulating these products, the FDA tends to leave it up to companies to ensure they're safe."
bloomberg.com/news/features/…
New turn in the Vicentin case: An Argentine investor swept up distressed debt worth <$500m (face value), paying 11 cents. Esteban Nofal may swiftly double his money. Failing that, he holds the key to the soy giant's future. He walked us through the deal 👇
bloomberg.com/news/articles/…
More traction for #RIGI as Rio Tinto scales up its Rincón lithium mine. The chief exec gave us this vignette:
-CEO: When I go into the boardroom, I'm very optimistic about Argentina
-Board: Fine, but what about in 5 or 10 years?
-CEO: And that's where RIGI is extremely helpful
“Issuers are making the most of this opportunity given market sentiment can turn just as quickly.”
Our story on Argentine energy companies selling debt to Wall Street as enthusiasm mounts for Milei, w/@simauchi_bloomberg.com/news/articles/…
Global credit markets enthused by Milei's reforms are opening the door even wider to Argentina: Buenos Aires City Pitches First Global Bond Sale Since 2016, by @simauchi_bloomberg.com/news/articles/…