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Montevideo, July 23rd 2018 - 10:07 UTC

Argentina

  • Thursday, July 12th 2018 - 02:49 UTC

    Argentina withdraws reward offer to help find ARA San Juan

    Defense Minister Oscar Aguad briefed the families about the withdrawal of the reward and announced the Navy will be directly in charge of finding the submarine.

    The Argentine Government has formalised the withdrawal of the reward offered to anyone who could find or provide meaningful information about the whereabouts of the submarine ARA San Juan, which went missing in the Atlantic Ocean on November 15, 2017.

  • Thursday, July 12th 2018 - 02:39 UTC

    Spanish fishing boat “Dorneda” sunk in Argentine Waters

    The Navy issued a statement saying it was alerted Tuesday night that the Dorneda was in trouble

    A Spanish fishing trawler sank in rough weather off Argentina’s coast and at least one crewmember died, Argentina's Navy said Wednesday. Twenty-five crewmembers were rescued and one was missing.

  • Tuesday, July 10th 2018 - 07:41 UTC

    Macri admits mistakes and calls for support from governors, unions and business leaders

    “Argentina has left behind the idea, the belief of a messiah which will come to save us”, said president Macri from Tucumán

    President Mauricio Macri, First Lady Juliana Awada and members of his cabinet attended on Monday, 9 July, the Argentine Independence Day celebrations in the Tucuman Historic House, where 202 years ago the emerging nation cut all ties as a Spanish colony.

  • Monday, July 9th 2018 - 07:43 UTC

    Argentina's austere Independence Day celebration in Tucuman, with no military parade

    Contrary to other years there will be no military parade in Tucuman or Buenos Aires, as a result of the strict austerity measures imposed by Macri administration.

    President Mauricio Macri and his cabinet will be celebrating Argentina's Independence Day, Monday 9 July at the Historic House in the northern province of Tucuman, where the declaration was first announced 202 years ago. Contrary to other years there will be no military parade in Tucuman or Buenos Aires, allegedly as a consequence of the strict austerity measures imposed by the Macri administration.

  • Monday, July 9th 2018 - 07:08 UTC

    “Argentina on the rocky road to recession”, anticipates The Economist

    Frustratingly for president Macri, Argentina’s travails are, in part, a consequence of his efforts to put the economy on a firmer footing.

    On a residential street corner in Buenos Aires, Van Koning Market sells imported beers to the city’s well-heeled. Since it opened in June last year costs have soared. The peso has plummeted, meaning wholesale prices have shot up. Inflation is running at 26%; the reduction of government subsidies means the monthly electricity bill has risen from 700 pesos to 4,000 pesos (US$ 142).

  • Saturday, July 7th 2018 - 06:16 UTC

    Argentine forensic team identifies soldier 93 buried in the Falklands

    Andres Folch, 19, was among the first to land in the Falklands during the Argentine invasion and died at the end of the conflict when Stanley was recovered

    Argentina's Human Rights Secretary confirmed on Thursday that another combatant, killed during the Falklands conflict and buried at the Argentine military cemetery in Darwin has been identified. This brings the total to 93. The 19 year old conscript, Andres Folch was born in the northern province of Tucuman but lived in the San Marin county of Buenos Aires province.

  • Thursday, July 5th 2018 - 06:24 UTC

    Argentina deregulates and eliminates minimum prices for domestic airfares

    Argentina’s Minister of Transportation Guillermo Dietrich said the administration will no longer set minimum prices for domestic airfares, starting on August 15.

    In an unexpected move, Argentina’s Minister of Transportation Guillermo Dietrich announced that national administration will no longer set minimum prices for domestic airfares, starting on August 15.

  • Wednesday, July 4th 2018 - 08:13 UTC

    Argentina reveals financial needs; stock market and the Peso rebound

    Stock markets rebounded, with benchmark Merval stock index closing up 7.38% on Tuesday. Bonds were also higher, with over-the-counter bonds up 1%

    Argentina will need to raise a net US$ 8 billion in the domestic debt market in 2019 to meet financing needs that include a US$ 7.4 billion primary deficit and US$ 25 billion in debt principal and interest payments, according to a Treasury Ministry document.

  • Tuesday, July 3rd 2018 - 08:08 UTC

    Shrimp landings in Argentine reach 68.000 tons

    According to the release of official records, until 21 June, 68,081 tons of shrimp had been unloaded, compared to 87,400 in the same period last year

    Shrimp (Pleoticus muelleri) landings in Argentina accumulated during the first half of this year are somewhat lower than those for the same period last year. According to the preliminary figures, up to 21 June, released by the Argentine Under-Secretariat of Fisheries, 68,081 tons had been unloaded, compared to about 87,400 tons landed between January and June 2017, which was a record year.

  • Tuesday, July 3rd 2018 - 07:33 UTC

    Argentina hikes bank reserves; Peso gains 1.9% vs the dollar and settles at 28.3

    President Mauricio Macri is trying to boost confidence after obtaining a record US$ 50 billion credit line from the IMF in the wake of the currency rout.

    Argentina's central bank said on Monday that it hiked bank reserve requirements by 3 percentage points, following a hike of three percentage points on June 18 as monetary policymakers seek to calm inflation and end a run on the peso currency. The Peso gained 1.9% on Monday against the dollar.