Argentina

• Friday, October 2nd 2020 - 09:01 UTC

  Argentine central bank will promote Chinese Yuan for foreign trade negotiations

  

  Argentina's central bank said on Thursday that it would allow a managed float of the peso currency and abandon its current “uniform daily devaluation” strategy as it seeks to adapt its monetary policy amid sharpening economic turmoil.

• Thursday, October 1st 2020 - 09:30 UTC

  Some 18 million Argentines, 40,9% of the population live in poverty, with prospects of worse times ahead

  

  Nearly half of Argentina’s population was living in poverty in the second quarter, a sharp increase from last year, as the country’s longstanding economic crisis deepened due to the coronavirus pandemic, researchers estimated on Wednesday.

• Thursday, October 1st 2020 - 09:22 UTC

  Quino, Argentine creator of the iconic comic strip Mafalda dies at the age of 88

  

  Quino, the creator of the comic strip Mafalda (1964 to 1973) passed away from natural cause on Sept. 30 at the age of 88. He was born in Mendoza, Argentina in 1932 as Joaquín Salvador Lavado Tejón, son of Spanish immigrants, and trained as an illustrator first by his uncle and then by a brief stint at the Fine Arts College of Mendoza.

• Tuesday, September 29th 2020 - 09:18 UTC

  Argentine cereal and oilseed exports stopped by grain inspectors' strike

  

  The labor union representing Argentine grains port workers said it would stage a 24-hour walk-off from midnight after failing to strike a deal on a collective work agreement with the business chamber that represents private port owners.

• Monday, September 28th 2020 - 09:31 UTC

  It’s time to dump Argentina’s Peso

  

  By Steve H. Hanke – In addition to facing an acute Covid-19 crisis, Argentina's deadbeat economy is collapsing, and, as usual, the inflation noose is around Argentines’ necks. Argentina’s official inflation rate for August 2020 is 40.70% per year. And, for once, Argentina’s official rate is fairly close to the rate that I calculate each day using high-frequency data and purchasing power parity theory, a methodology that has long proved its worth when compared with official statistics. Today, I measure Argentina’s annual inflation rate at 37%, but probably not for long — the noose is generally followed by the trapdoor.

• Monday, September 28th 2020 - 09:15 UTC

  Mercosur hosts World Tourism Day 2020 official celebrations

  

  For the first time in the history of World Tourism Day, the 2020 official celebration will be hosted by a group of countries and not a single UNWTO Member State. The cross-border cooperation of Mercosur Member States (Argentina, Brazil, Paraguay, Uruguay plus Chile, Member Associate) reflects the current need for international solidarity and cooperation. This is especially true for tourism, working together towards a common goal.

• Saturday, September 26th 2020 - 08:43 UTC

  Latin American leaders call for free access to future Covid-19 vaccines

  

  Latin American leaders have appealed at the United Nations for free access to a future Covid-19 vaccine, urging major powers to share their know-how for the sake of global well-being.

• Friday, September 25th 2020 - 09:39 UTC

  Argentine lawmaker resigns after filmed kissing a woman's breasts during a congress session by videoconference

  

  An Argentine lawmaker resigned on Thursday after he was shown kissing his partner's breasts during a parliamentary session being held by videoconference, a scene that quickly went viral on social media.

• Thursday, September 24th 2020 - 09:31 UTC

  Argentine currency worthless in Uruguay

  

  For the second day running the Argentine Peso was virtually worthless in neighboring Uruguay foreign exchange houses. On Tuesday the Argentine Peso was worth zero, and on Wednesday there was a modest ten Uruguayan cents offered for the battered Argentine currency.

• Thursday, September 24th 2020 - 09:24 UTC

  Argentina economy contracts a record 19,1% in the second quarter

  

  Argentina’s economy contracted a record 19.1% in the second quarter versus the same period a year earlier as the coronavirus pandemic crippled production and demand, though was slightly better than analyst forecasts.