#Bloomberg #news from October on #Milei getting #finance: “#Argentina’s largest companies are rushing to issue dollar debt as yields tumble, a tentative sign that President Javier Milei’s shock therapy is starting to restore investor confidence in the economy.
Banco de Galicia y Buenos Aires SAU, the country’s biggest private lender, sold $325 million of bonds due 2028 abroad at a 7.875% yield this month, while YPF Luz, the power unit of state-owned driller YPF SA, issued $420 million of eight-year notes yielding 8.2%. State-owned Banco de la Nacion said it’s planning a return to international capital markets for the first time in some 30 years.”
on 02024-12-12#Bloomberg #news on #Milei getting #finance: “Shale oil driller Vista #Energy issued $600 million in New York on Wednesday in its first ever foreign bond sale. Pampa Energia SA, which is also ramping up output in #Argentina’s heralded Vaca Muerta shale patch, has arranged investor meetings as it eyes returning to capital markets for the second time this year. MSU Energy borrowed $177 million to refinance its debt. (...) Argentina’s sovereign debt spread is at 757 basis points, hovering around levels not seen in five years, according to a JPMorgan index. (...) Vista sold its 11-year bond with a 7.6% yield, compared with rates in the 8%-9% range when a wave of issuers came to the market between July and October.”
on 02024-12-12#news from #Bloomberg on semiconductor #manufacturing in #Japan, where #TSMC begins mass production later this year following US$4.86 billion in subsidies to expand their Kumamoto plant announced in February. And Japanese startup #Rapidus plans to ship 2nm chips in 02027 with 590 billion yen (US$3.9B) in subsidies. And Japanese startup #Preferred-Networks supposedly has 7nm #neural-networks accelerator chip MN-Core 2, though presumably fabbed overseas by TSMC; their marketing is focused on energy efficiency and thus “sustainability”, and “is confident in bringing its AI chip design and supercomputer to market in a few years time”; they’re hoping Rapidus can fab their chips. 40%–50% of demand (as seen from Japanese semiconductor company Screen Holdings) comes from #China, especially the auto industry. An annoying amount of stock-footage filler. Much of the #video is about #JASM (a TSMC joint venture with Sony and Denso), which is “planning to begin mass production soon”, and its facility in Kikuyo.
on 02024-11-27#video in Spanish about whether #Milei’s plan is working from #Bloomberg. #politics #Argentina
on 02024-09-05#video about whether #Milei’s plan is working from #Bloomberg. Basically the reporting is extremely positive, I think unrealistically so. #politics #Argentina
on 02024-09-04