Argentina

• Tuesday, August 20th 2019 - 07:40 UTC

  Francis involvement in Argentine politics, is “an idea belonging to science fiction”

  

  A bishop had denied point-blank any involvement of Pope Francis in Argentine politics, following on August 11 presidential primaries, which have quashed President Mauricio Macri's reelection aspirations, increasing opposition candidate Alberto Fernandez chances of taking office next 10 December, while Latin America's third economy was driven into financial chaos as the word default creeps intensely as a possibility in the near future.

• Monday, August 19th 2019 - 10:46 UTC

  China trusts Argentina and acquires 50% of lithium brine project in Jujuy

  

  China's Ganfeng Lithium , said on Sunday it had completed a US$ 160 million deal to raise its stake in the Cauchari-Olaroz lithium brine project in the northern province of Jujuy, Argentina to 50%.

• Monday, August 19th 2019 - 08:58 UTC

  Fernandez wants to renegotiate IMF loan terms, in current conditions Argentina can't repay its debts

  

  Opposition candidate, Alberto Fernandez, said that Argentina would struggle under present conditions to repay a loan to the International Monetary Fund and he would seek to renegotiate the repayment terms, according to an interview published on Sunday by the newspaper Clarin.

• Sunday, August 18th 2019 - 10:09 UTC

  Macri reshuffles cabinet: Argentina has a new Economy minister

  

  Argentine Economy Minister Nicolas Dujovne resigned on Saturday, capping a week of market chaos that followed President Mauricio Macri’s stunning loss in a primary vote. Apparently, his resignation was on the table since last Tuesday.

• Saturday, August 17th 2019 - 08:53 UTC

  Fitch downgrades Argentina's long term debt, fearing the risk of default

  

  Argentina's Peso ended a tumultuous week on Friday having shed 20% in its value against the dollar as Fitch cut the South American country's long-term debt by two notches, citing increased uncertainty and a rising risk of default.

• Friday, August 16th 2019 - 07:53 UTC

  Dollar volatility in Argentina eases in line with political dialogue

  

  Argentine markets bucked the dismal three-day losing streak on Thursday, amid signs of political compromise and a new central bank measure to prop up the embattled currency.

• Friday, August 16th 2019 - 07:35 UTC

  Argentina: Macri announces the end of sales taxes on basic food products until 2020

  

  Argentine President Mauricio Macri, trying to recover from a bruising primary election loss, announced on Thursday an end to sales taxes on basic food products until the end of the year in a bid to salvage his re-election prospects and end an economic crisis.

• Friday, August 16th 2019 - 07:21 UTC

  “If Cristina Kirchner gets in and closes the economy,” Brazil will leave Mercosur

  

  Brazil will pull out of the Mercosur trade bloc if the opposition party wins Argentina’s presidential elections later this year and closes the economy with protectionist policies, Brazil’s Economy Minister Paulo Guedes said on Thursday.

• Thursday, August 15th 2019 - 06:15 UTC

  Mar del Plata fisheries landings totaled 210.000 tons in seven months

  

  In seven months of the current year, landings in the Argentine port of Mar del Plata reached 210.000 tons, which is 3.3% more than the same period a year ago, according to local fisheries authorities. Hake, apparently, helped with the positive difference since squid landings were notoriously lower.

• Thursday, August 15th 2019 - 05:53 UTC

  Macri finally called Fernandez and had a “long and good” phone call, hopefully to help stabilize the economy

  

  Argentine President Mauricio Macri finally, on Wednesday, reached out to the winner of Sunday’s primary vote -- initially through a Whatsapp message. The message led to a “long and good” phone call between the two, the first since Alberto Fernandez’s resounding victory turned him into the clear favorite to win the Oct. 27 election.