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Stock impact report

Milei Wins Approval for Landmark Economic Reform in Argentina [BNN Bloomberg (Canada)]

YPF Sociedad Anonima (YPF) 
Last ypf sociedad anonima earnings: 3/9 04:01 pm Check Earnings Report
US:NYSE Investor Relations: ypf.com/enu/inversoresaccionistas
Company Research Source: BNN Bloomberg
The Chamber of Deputies passed a sweeping bill, known in Spanish as the Ley de Bases, early Friday in a final 147 to 107 vote. The biggest victory may come later, however, when lawmakers could also approve the return of income taxes in the accompanying fiscal package, reversing the Senate's bid to undo the measure. The extra tax revenue would give the government breathing room to reach its fiscal targets and help tame 276% annual inflation. Milei's nascent libertarian party holds less than 15% of seats in the lower house, making legislative support his Achilles heel. The passage of his sprawling reform package, albeit significantly watered down, after six months of arduous negotiations sends a business-friendly message to investors that he has the political backing to get Argentina's basket-case economy back on track. The bills, which deregulate vast swaths of the economy and boost government revenues, were approved by lower house in April then narrowly passed in the Senate earli Show less Read more
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