Argentina

Argentina
Friday, May 6th 2016 - 08:32 UTC

Four million Argentine children live in poverty conditions, according to Unicef

Argentine children poverty environment: most are born to families with four to five children, minimum education parents and who mostly work in the black economy.

Almost four million children in Argentina are poor and 8.5% live in extreme poverty, according to a report from UNICEF which measures multidimensional poverty which considers 28 indicators such as nutrition, access to healthcare, exposure to violence, among other more traditional references.

Friday, May 6th 2016 - 07:54 UTC

British ambassador celebrates 'the renewed and revitalized' UK/Argentina bilateral relationship

Ambassador Freeman welcomed all the guests to the Queen's Birthday Party

On 28 April, the British Ambassador’s Residence in Buenos Aires welcomed more than 400 people to celebrate the 90th birthday of Queen Elizabeth II. The last time that Buenos Aires held a celebration like this was in 2009 and it was an opportunity to praise the resumption of bilateral ties.

Friday, May 6th 2016 - 07:27 UTC

First UK trade mission in ten years begins contacts in Argentina

“If we are to improve our exports to Latin America it’s vital to build on renewed relationships like that with Argentina”, pointed out Lord Price

British Trade and Investment Minister, Lord Price, leads the UK’s first trade mission to Argentina in ten years, which arrived in Buenos Aires on Thursday. The mission looks to strengthen trade and investment relations with the third largest economy of Latin America.

Friday, May 6th 2016 - 06:38 UTC

Bad news for Macri: Moody's forecasts Argentine economy will shrink 1.5%

“The policies implemented by the Macri administration won’t have any positive impact until the start of 2017,” said Moody’s Senior Credit Officer Gabriel Torres

Despite the Argentine government’s forecast of a much better economic scenario in the second half of the year, credit rating agency Moody’s disagrees, saying the economy is set to shrink by 1.5%, followed by a growing unemployment and an inflation rate well above 30%.

Thursday, May 5th 2016 - 11:27 UTC

Petrobras sells stakes in Argentina and Chile, part of major divestment plan

Petrobras sold to Pampa Energia the 67.19% stake in PESA, but excludes two major gas formations in Neuquén (Argentina) and Bolivia

Brazil’s state-run oil firm Petrobras said it has concluded the sale of its 67.2% stake in Petrobras Argentina to Argentina’s Pampa Energía for US$ 892 million, according to a securities filing. Petrobras also sold all of Petrobras Chile Distribución to Southern Cross Group for about US$ 490 million as part of its divestment program, the company said.

Thursday, May 5th 2016 - 09:42 UTC

Argentina farm exports soar in first quarter following elimination of taxes and controls

In the first three months of the year, Argentina exported 19.97 million tons of farm products versus 11.91 million in the first quarter of 2015

Argentine farm exports rocketed 68% higher in the first quarter compared to the same 2015 period, thanks to new policies that prompted growers to sell stockpiles built up under the previous administration, the government announced.

Thursday, May 5th 2016 - 05:17 UTC

The Falklands/Malvinas 'pending issue' will be addressed by Malcorra in London beginning with confidence building

“The 'pending issue' will surely be part of the discussions we are going to hold in London, but I'm not forecasting anything spectacular”, said Malcorra. (Pic TELAM)

Argentine foreign minister Susana Malcorra said she plans to meet with British officials to address a multiple agenda and a “pending issue”, in the framework of a transparency meeting scheduled to take place in London.

Wednesday, May 4th 2016 - 08:40 UTC

Argentine unions claim April inflation reached 5% and 40.85% in 12 months

 Moyano said that in the first four months of the year inflation jumped above 16%

Inflation in Argentina during April reached 5.02% and 40,85% in the last twelve months according to the unions umbrella organization CGT Economic and Social observatory, which was released on Tuesday.

Wednesday, May 4th 2016 - 08:01 UTC

Argentina honors Malvinas war pilots and the Air Force “baptism of fire”

 “On this day we must honor our dead because they have honored the motherland”, said minister Martínez

Argentina's Defense minister Julio Martínez headed the Air Force's 34th “baptism of fire” anniversary which took place on May first 1982 during the South Atlantic conflict. The Sunday event at the V Air Brigade in Villa Reynolds, province of San Luis, was also attended by government and military officials, Malvinas veterans and Air Force Chief of Staff Brigadier Major Enrique Victor Amrein.

Wednesday, May 4th 2016 - 07:36 UTC

Tierra del Fuego top official attacked at a ceremony remembering the sinking of General Belgrano

“There was forty of them approximately: they tried to suffocate me with my tie and they ripped my suit and shirt, screaming and punching”, said Arcando

Tierra del Fuego province deputy governor Juan Carlos Arcando had to be protected by the police and took refuge in the Legislature building in Ushuaia, following an attack by striking province and city personnel who for over two months have been protesting against a new retirement pensions' scheme.

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