Argentina

Saturday, December 28th 2019 - 09:49 UTC
In a surprising move, Argentine members of Congress freeze their salaries and allowances for 180 days

In a surprising decision and probably for the first time in Argentina history, the two chambers of Congress agreed to freeze their salaries for the next 180 days, that is until the end of June.
Saturday, December 28th 2019 - 09:48 UTC
Argentina's unemployment in the third quarter rose to 9.7%

Argentina’s unemployment rate rose to 9.7% in the third quarter versus 9.0% in the same period last year, marking one of the highest rates recorded in recent years, the official INDEC statistics agency said.
Saturday, December 28th 2019 - 09:40 UTC
Mendoza province up in arms to defend its water resources from the mining industry

The government of the wine-producing province of Mendoza, suspended the rule of the mining law 7.722 that had given the green light for chemicals such as cyanide and sulfuric acid to be used by the industry, but which threaten the water resources of that territory.
Friday, December 27th 2019 - 09:55 UTC
IMF mission expected in Argentina any moment; Fernandez expects to reach an accord by March 31st

Argentine president Alberto Fernandez revealed to media accredited at Government House, Casa Rosada, that in the coming days an IMF mission is scheduled to arrive in Buenos Aires to address economic issues.
Friday, December 27th 2019 - 09:52 UTC
Maradona ambassador for the recovery of open spaces and turn them into football fields for Argentine kids

Diego Maradona, Argentina's beloved “10” has been named ambassador for the recovery of urban playgrounds, where Argentine kids in the old fashion can play soccer, and hopefully as happened with Diego and so many other Argentine players become international stars.
Thursday, December 26th 2019 - 12:20 UTC
In a public release Piñera tells president Fernandez MYOB, abstain from comments on Chilean domestic policy

In a formal public release, the Chilean Foreign office demanded that Argentine president Alberto Fernandez avoid making comments about the internal affairs of the country, following Fernandez statements during a television interview that the international community was not so critical of Chile as it is of Venezuela.
Monday, December 23rd 2019 - 10:35 UTC
Argentine individuals and corporations hold some 322.3 billion dollars outside the domestic financial system

Argentines ever so suspicious of their currency and so fully confident in the all mighty US dollar, they have some US$ 322 billion hidden in the “mattress”, which means mostly overseas in bonds, shares, real estate, according to the latest figures released by the country's stats office, Indec.
Saturday, December 21st 2019 - 11:07 UTC
Argentina appoints team for talks with creditors to renegotiate massive sovereign debt

Argentina appointed a government team to kick off talks with creditors to renegotiate about US$100 billion in sovereign debt as the new center-left administration of President Alberto Fernandez postponed payments on some of its short-term debt.
Saturday, December 21st 2019 - 11:03 UTC
Argentina's credit rating downgraded to near-default by Fitch and S&P

Argentina’s credit rating was downgraded to near-default status by two of the biggest global rating companies, Fitch Ratings, and S&P Global after the government said it would delay payments on its short term dollar-denominated local debt.
Friday, December 20th 2019 - 09:58 UTC
Boris Johnson: Political status of the Falkland Islands is not going to change

Prime Minister Boris Johnson in his Christmas message to the Falkland Islands points out the second commercial flight to South America as the great achievement of 2019, and assures that his government's support “for your right to determine your own political status is not going to change”