When President Javier Milei of Argentina faced an economic meltdown, President Trump vowed to come to his aid. But that lifeline is coming at a cost.
Category: Currency
Big Investors Await Windfall From Trump’s Argentina Bailout
The United States finalized a $20 billion lifeline for Argentina that will benefit Treasury Secretary Scott Bessent’s allies.
Argentina’s President Vowed to Fix Its Economy. Then Came a Crisis.
President Javier Milei slashed inflation and spending, but it wasn’t enough to stave off an economic crisis. President Trump has offered him a lifeline.
Trump Wades Into Bailout Politics in Offering a Lifeline to Argentina
A $20 billion loan to support Argentina’s president, Javier Milei, could come with economic and political risks.
Trump Wades Into Bailout Politics in Offering a Lifeline to Argentina
A $20 billion loan to support Argentina’s president, Javier Milei, could come with economic and political risks.
Would Anyone Use a Chinese Stablecoin?
A new law in Hong Kong could pave the way for digital currencies tied to China.
In Hong Kong, Eric Trump Lauds Growing Influence of Crypto
The president’s son, who helps run the Trump family’s business interests in digital currency, predicted that Bitcoin will someday exceed $1 million.
Venezuela Targets Economists as Inflation Surges Under Trump’s Sanctions
As inflation surges under President Trump’s renewed sanctions, Venezuelan authorities are trying to keep a lid on the country’s worsening financial situation.
Aiming at the Dollar, China Makes a Pitch for Its Currency
The leader of China’s central bank made a clear though indirect critique of the dollar’s role as the world’s main currency.
U.S. Dollar’s Weakness Creates an Opportunity for the Euro. Can It Last?
European officials see the concern over the “safe haven” reputation of U.S. financial assets as a chance to attract investors.
