President Barack Obama kicks off on Wednesday the first visit of a US president to Argentina in twenty years, and although no great announcements are expected it will be a great boost to Mauricio Macri's three month administration, his bold economic reforms and effective efforts to reinsert Argentina in the world.
Argentine president Mauricio Macri will not bring up the issue of the Falkland/Malvinas Islands during his meetings with visiting president Barack Obama, much less request his mediation in the dispute, according to foreign minister Susana Malcorra.
An Argentine long distance runner has won the Falkland Islands Standard Chartered Stanley Marathon which is officially the World's Most Southerly AIMS-Certified Marathon. Rafael Lencina from the northern province of Tucuman completed on Sunday the 26 miles in 2 hours 35 minutes and 34 seconds, which is also a new record for the competition.
Brazil's state-run oil company, Petrobras, reported a record quarterly loss of $10.2 billion on Monday due to a large reduction in the value of some assets amid lower oil prices. Petrobras has been at the center of a sprawling corruption scandal that has ensnared some of Brazil's most powerful lawmakers and business executives.
Argentina is willing to “make concessions” in order to move forward with a free-trade agreement between Mercosur and the European Union (EU), which will likely allow a greater export of agricultural produce, according to Argentina's Trade Secretary Miguel Braun who then reveled that trade offers will be exchanged on April 8.
Former Brazilian leader Lula da Silva has accepted a key ministerial role in President Dilma Rousseff's government, leading media in Sao Paulo have reported. Members of the governing Workers' Party say his appointment will strengthen her beleaguered administration. In becoming a minister, Lula will also have some legal protection. Allegedly the two are to meet on Tuesday in Brasilia.
It would be 'hasty' to consider that Argentina is ready to sign a trade agreement with the United States, but in any case the issue must be addressed by Mercosur, and it's the whole group that should advance in that direction, said Argentina's foreign minister Susana Malcorra.
By Joshua Peck - The number of cruise passengers visiting the Falkland Islands is projected to increase for the third season in a row. Each tourist season, lasting from October to March, sees numerous cruise vessels arrive in the Falklands, with passengers typically disembarking for a single day onshore. The last cruise vessel for the current season is scheduled to arrive on 31st March.
February’s inflation in Argentina reached 4.8% and has accumulated 33.9% in the last twelve months, according to the so called congressional inflation index released laast week. But Finance minister Alfonso Prat-Gay from Chile anticipated that consumer prices will fall to nearly 1% during the second quarter.
Mercosur and the European Union will exchange trade proposals in April, a key step for the long delayed trade and cooperation agreement between the two blocks and which has gained strength since the change of administration in Argentina with president Mauricio Macri.