Economic activity fell 2.1% in September compared to the same month of 2018, while the accumulated of the first nine months of 2019 showed a 2.3% drop, the National Institute of Statistics and Census (INDEC) reported.
According to CEOWORLD magazine’s Argentina Rich List Index For 2019, with an estimated net worth of $3.1 billion, Alejandro Bulgheroni is the wealthiest person in Argentina followed by Alberto Roemmers, with $2.6 billion, Marcos Galperin, $2.1 billion, Gregorio Perez Companc, $1.6 billion, and Eduardo Eurnekian with $1 billion.
President-elect Alberto Fernández said he will not ask for the remaining $11 billion from the $56.3 billion stand-by loan granted by the IMF in 2018. He said that he will “sign a single agreement” with the IMF “and the first rule is to stop asking for money.
Brazilian food company Minerva SA said it is aiming for an initial public offering (IPO) of its Athena Foods subsidiary in April 2020, despite risks associated with the operation in Argentina, where the division gets about 30% of its net sales.
Amid trade tensions with the US, China’s October soybean imports from Argentina increased nearly 29-fold to 959,936 metric tonnes (mt) from 33,200 mt last year, according to the latest Chinese General Administration of Customs report.