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Argentina federal judge to probe Milei crypto scandal, stock index falls

BUENOS AIRES (Reuters) -An Argentine judge was assigned on Monday to investigate President Javier Milei's role in promoting a cryptocurrency that crashed, the latest shockwave from a scandal that has threatened to slow the libertarian leader's momentum. Milei late on Friday recommended the little-known crypto coin $LIBRA in a posting on X, kicking off a brief rally. The country's fintech chamber said the case could amount to a "rug pull," a scam in which a coin's backers lure multiple investors, sending the cryptocurrency's value soaring, then quickly withdraw their funds, leaving investors with worthless tokens.

Reuters 2 months ago

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Argentina exits recession in win for libertarian president Milei

Argentina has come out of a deep recession in a major victory for the country’s unorthodox President Javier Milei, who has spent the past year enacting sweeping — and painful — reforms in Latin America’s third-largest economy.

CNN Business 4 months ago

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Argentina’s Milei counts Trump and Musk as fans. Here’s what his ‘chainsaw approach’ has delivered

Javier Milei swept to power in Argentina a year ago on a ticket to tackle chronic hyperinflation and overhaul the long-suffering economy. In one regard — slashing the size of the state — he has proven so successful that Donald Trump’s government efficiency tsars want to replicate his approach.

CNN Business 5 months ago

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iPhone fears wipe $94bn off Apple

Apple saw nearly $94bn (£71bn) wiped off its valuation after analysts warned demand for its new iPhone would be weaker than expected.

The Telegraph 7 months ago

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MERVAL (^MERV)

Argentina federal judge to probe Milei crypto scandal, stock index falls

Argentina exits recession in win for libertarian president Milei

Argentina’s Milei counts Trump and Musk as fans. Here’s what his ‘chainsaw approach’ has delivered

iPhone fears wipe $94bn off Apple