Scott Bessent working on another $20 billion of Argentina financing with private banks, sovereign funds, ‘more focused on the debt market’

FortuneThursday, October 16, 2025 at 2:43:04 PM
Scott Bessent working on another $20 billion of Argentina financing with private banks, sovereign funds, ‘more focused on the debt market’
Scott Bessent is currently engaged in securing an additional $20 billion in financing for Argentina, collaborating with private banks and sovereign funds. This effort is particularly significant as it comes amid concerns raised by Trump regarding the potential withdrawal of funds if Javier Milei's party does not win the upcoming midterm elections on October 26. The outcome of these elections could greatly influence Argentina's financial landscape and investor confidence.
— Curated by the World Pulse Now AI Editorial System

Was this article worth reading? Share it

Recommended Readings
Here’s how Trump can hit China’s economy where it really hurts as analysts say Beijing’s rare earths gamble could backfire
NegativeFinancial Markets
Analysts are warning that China's reliance on rare earths could backfire, especially as former President Trump explores ways to impact China's economy. With Western companies dominating over 70% of the chip design software market in China, this situation poses a significant threat to Beijing's advanced manufacturing sector. Understanding these dynamics is crucial as they could reshape global trade and technology landscapes.
Novo Nordisk hires US pharma veteran as Trump pricing pressure mounts
PositiveFinancial Markets
Novo Nordisk has appointed a seasoned US pharmaceutical executive amid increasing pressure from the Trump administration regarding drug pricing. This strategic move is significant as it positions the company to better navigate the evolving regulatory landscape and maintain its competitive edge in the market. With the ongoing discussions around healthcare reform, having experienced leadership could enhance Novo Nordisk's ability to address pricing challenges and continue delivering innovative treatments.
‘No Kings’ protests against Trump mark the third mass mobilization since his return to the White House
NegativeFinancial Markets
The recent 'No Kings' protests against Donald Trump highlight growing public dissent following his return to the White House. With this being the third mass mobilization, it reflects a significant sentiment among citizens who feel that Trump's leadership style resembles that of a monarchy. This matters because it underscores the ongoing political divide in the country and the increasing activism among those who oppose his presidency.
Anti-Trump ‘No Kings’ Rallies Begin In Thousands Of U.S. Cities (Photos)
PositiveFinancial Markets
The recent 'No Kings' rallies against Trump have sparked a wave of activism across the United States, with over 2,500 events planned in all 50 states. This grassroots movement highlights the growing discontent among citizens and their desire for change, making it a significant moment in American political discourse.
Massive crowds gather across US for ‘No Kings’ protests against Trump
NegativeFinancial Markets
Massive crowds have gathered across the United States for the 'No Kings' protests, expressing strong opposition to President Trump's hardline policies. These demonstrations have sparked controversy, with Republicans labeling them as 'anti-American.' The significance of these protests lies in the growing public dissent against the administration's approach, highlighting a deepening divide in American society.
White House joins Bluesky, immediately roasts Democrats with sizzle reel of Trump’s first 9 months
PositiveFinancial Markets
The White House has officially joined Bluesky, a new social media platform, and is already making waves by sharing a humorous sizzle reel highlighting Donald Trump's first nine months in office. This move is significant as it showcases the administration's willingness to engage with emerging platforms and connect with younger audiences, while also poking fun at political rivals. It's a bold strategy that could reshape how political discourse unfolds online.
Trump’s short-term aid ‘during this little transition’ turns into an automaker rebate running through 2030
PositiveFinancial Markets
In a surprising turn of events, Trump's short-term aid has evolved into a significant automaker rebate that will last until 2030. This initiative comes at a time when new auto buyers are facing record-high prices, averaging $50,080 in September, according to Kelley Blue Book. This rebate could provide much-needed relief for consumers and stimulate the automotive market, making it an important development for both buyers and manufacturers.
‘These are people who are in this country doing hard work that many Americans don’t want to do’: Farmers, schools reel from Trump immigration crackdown
NegativeFinancial Markets
The recent immigration crackdown by the Trump administration is causing significant concern among farmers and schools, as they rely heavily on foreign workers for labor. According to analyses from Brookings and AEI, this loss of workers could lead to stagnation in U.S. job growth, potentially resulting in zero or negative growth in the coming years. This situation highlights the critical role that immigrant labor plays in various sectors and raises questions about the future of the American workforce.
Latest from Financial Markets
Jeremiyah Love Helps Notre Dame Keep College Football Playoff Hopes Alive
PositiveFinancial Markets
Jeremiyah Love's outstanding performance in Notre Dame's 34-24 win over USC has kept the team's College Football Playoff hopes alive. With a record-breaking 228 rushing yards, Love not only showcased his talent but also made history as the highest total for an Irish player at Notre Dame Stadium since it opened in 1930. This victory is crucial for the team's aspirations and highlights Love's potential as a key player in the season.
The return of ‘Tescopoly’? How Britain’s biggest retailer dominates everyday life
PositiveFinancial Markets
Tesco, the UK's largest supermarket chain, is making a strong comeback this year, capturing more of shoppers' spending. With its presence felt in everyday life through Clubcards and numerous stores, Tesco's influence is undeniable. CEO Ken Murphy is leading the charge, showcasing the company's resilience and adaptability in a competitive market. This matters because it highlights how a major retailer can shape consumer habits and the economy, especially during challenging times.
Australia Prime Minister to Meet Trump With Rare Earths in Focus
PositiveFinancial Markets
Australian Prime Minister Anthony Albanese is set to meet with US President Donald Trump to discuss the crucial supply chain of rare earth materials. This meeting is significant as it highlights the growing importance of these materials in global technology and manufacturing, and the collaboration between Australia and the US could strengthen their economic ties.
Dark Ship Appears to Transfer Sanctioned Russia LNG Off Malaysia
NegativeFinancial Markets
A dark tanker has been spotted transferring liquefied natural gas from a US-sanctioned Russian export facility off the coast of Malaysia. This unusual open-water transfer highlights the lengths to which Russia is going to circumvent Western sanctions, raising concerns about the effectiveness of these restrictions and the ongoing geopolitical tensions surrounding energy supplies.
France’s wealthy shift funds to Luxembourg and Switzerland
NegativeFinancial Markets
Recent political turmoil and looming tax threats in France have prompted wealthy individuals to shift their investments to safer havens like Luxembourg and Switzerland. This trend highlights the growing concerns among asset managers about the stability of the French economy and the potential impact of government policies on wealth management. As more funds flow out of France, it raises questions about the long-term implications for the country's financial landscape and its attractiveness to investors.
AI is killing the magic
NegativeFinancial Markets
The rise of AI in the art world is raising concerns about the authenticity and emotional connection of creative works. Many people find that not knowing whether a piece of art originated from a human heart or a data center diminishes their enjoyment. This shift challenges our traditional understanding of creativity and what it means to appreciate art, making it a significant topic of discussion in today's society.