Argentina

Argentina
Friday, July 1st 2016 - 09:43 UTC

Ex president Cristina Fernandez properties searched as part of a alleged financial fraud wider investigation

 The raids were ordered by judge Claudio Bonadio after allegations of corruption and fraud were leveled against Cristina Fernandez relating to a company

The properties of former Argentina president Cristina Fernandez, in the province of Santa Cruz, have been raided by police on Thursday. The search was part of an investigation into the ex president's possible involvement in financial fraud.

Friday, July 1st 2016 - 07:11 UTC

Falklands: Red Cross clear on Argentine families' wishes of identifying remains at Darwin cemetery

The delegation were able to speak with Islanders:  Stanley public meeting last night, (L to R) Mike Summers MLA and the ICRC delegations  Edmond Corthesy, Laurent Corbaz, Morris Tidball-Binz and Oran

Members of the International Committee of the Red Cross (ICRC) currently visiting the Falkland Islands have stated they are quite clear on the wishes of the Argentine families, in relation to the potential future identification of remains of unknown Argentine soldiers in the Argentine memorial at Darwin.

Thursday, June 30th 2016 - 13:22 UTC

Paraguay does not accept Venezuela as Mercosur pro tempore chair; group split in half

Loizaga said Paraguay will not accept Venezuela's presidency since “it's not a good message for Mercosur because we were not consulted, nor was Brazil”.

Mercosur is again split over Venezuela because Paraguay, and apparently Brazil, have not been consulted regarding the decision to hand the pro tempore presidency of the block to Venezuela in July, as was agreed in Montevideo by Uruguay and Argentina.

Thursday, June 30th 2016 - 06:40 UTC

Argentine economy grows 0.5% in first quarter: fishing and transport compensate fall in agriculture and construction

Latin America's third largest economy was helped by 7.5% growth in its fishing sector and 4.2% expansion in transport.

Argentina's economy grew 0.5% in the first quarter the government said on Wednesday, adding that it saw activity leveling out this year before accelerating in 2017. The year-on-year result, published by the newly revamped Indec statistics agency, followed analysts' forecasts for a 1.3% contraction for the January through March period.

Wednesday, June 29th 2016 - 05:23 UTC

Argentina cuts rate reference for eight weeks running as double/digit inflation eases

In a statement announcing the cut, the central bank cited “a declining tendency in inflation during the month of June.”

Argentina's double-digit inflation has shown signs of easing this month, the central bank said on Tuesday as it cut its 35-day reference rate for the eighth week in a row. As part of its effort to get Latin America's No. 3 economy out of the doldrums while containing consumer prices, the bank sliced 75 basis points off the interest rate to 30.75%.

Wednesday, June 29th 2016 - 05:12 UTC

Pacific Alliance, under Chilean presidency will speed closer links with Mercosur

Bachelet as the Alliance president will push to expand into the Asia-Pacific basin markets, as well as the 49 observer countries and Mercosur

The Pacific Alliance under the helm of Chile, beginning next July first will reach out for closer links with Mercosur, particularly since Argentina's decision to join the block as an observer. “The Argentine decision to join the Pacific Alliance as an observer fully harmonizes with Chile's strategy of making both blocks converge”, according to Andres Rebolledo, head of Chile's Directorate of International Economic Relations.

Tuesday, June 28th 2016 - 06:28 UTC

Mercosur presidential summit off, but chair transfer to Venezuela will be done at foreign ministers' level

“There won't be any presidential summit, but yes the Mercosur chair transfer to Venezuela for the next six months will take place”, pointed out the two ministers

Mercosur presidential summit next July in Montevideo has been cancelled, but the six-month presidency of the group, currently held by Uruguay will be transferred as scheduled to Venezuela, although some conditions of the event are “pending discussion”, said on Monday foreign ministers Susana Malcorra and host Rodolfo Nin Novoa.

Monday, June 27th 2016 - 07:15 UTC

Brazil's recession greater risk than Brexit for Argentina: could chip 1.5 percentage points from GDP

“Brazil is the difference between growing and not growing for the first year of our administration. It’s really critical,” said Minister Prat Gay

Argentina’s annual rate of inflation was likely to have reached an annualized 42% through May, but should begin to slow in June with a return to growth also on the horizon, Finance Minister Alfonso Prat-Gay said in an address to investors in New York. The minister also said that for Argentina, Brazil's recession had a greater impact than Brexit.

Saturday, June 25th 2016 - 11:29 UTC

UK´s Leave vote is of great concern for Argentina, admits Malcorra

“We are seeing a great shock to world institutions, a very strong blow”, but Malcorra insisted “nothing is going to happen, the exit will be a very slow process”.

The exit of the United Kingdom from the European Union is of most concern to the administration of Argentine president Mauricio Macri, said foreign minister Susana Malcorra. “It is a shock for world institutions”, but it's too early to gauge the impact on the Falklands/Malvinas discussions.

Saturday, June 25th 2016 - 11:08 UTC

Falklands/Malvinas discussions with Argentina 'more complicated' because of 'British nationalism' resurgence

Currently UK is immersed in a strong nationalist feeling. If this spirit in the post-referendum does not erode, it will be difficult to hold discussions”, said Assange

Wikileaks founder Julian Assange anticipated that the exit of the United Kingdom from the European Union will further complicate negotiations with Argentina regarding the Falklands/Malvinas sovereignty dispute because of a “resurgence” of what he described as British nationalism.

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