Argentina

• Monday, January 15th 2018 - 01:57 UTC

  Falklands' war hero Rick Jolly, who saved hundreds of lives of British and Argentine solider, has died

  

  A Royal Navy medical officer who saved the lives of hundreds of British and Argentine troops during the Falklands War has died, aged 71. Working amid terrible conditions in the field, Surgeon Capt Rick Jolly OBE, from Torpoint, Cornwall, saved the life of every British serviceman he treated. He is the only person to have been decorated by both Britain and Argentina for his service during the conflict.

• Saturday, January 13th 2018 - 07:58 UTC

  Argentine union leaders warn Macri, and forecast he may not end his mandate

  

  The Argentine government approach to the power challenge from strong unions has managed so far to have several of its leaders indicted for money laundering, fraud, racketeering and widespread corruption, including one who is jailed in neighboring Uruguay and which the Argentine justice expects to extradite.

• Friday, January 12th 2018 - 10:50 UTC

  Argentina inflation reached 24.8% in 2017, well above central bank's target

  

  Consumer prices in Argentina rose 24.8% in 2017 after a sharp 3.1% increase in December, government data showed on Thursday, well above the central bank's target range for annual inflation of 12-17%t. The monthly reading, which was above median expectations in December of 2.5%.

• Thursday, January 11th 2018 - 07:02 UTC

  Timerman barred from flying to US; Argentine government will appeal decision on humanitarian reasons

  

  The United States barred former Argentine Minister of Foreign Relations Hector Timerman from entering the country because of several pending court cases. The Argentine government said it would appeal the decision, and request a new visa, since Mr. Timerman, who was under house arrest, was allowed by Federal Judge Sergio Torres to travel overseas for medical reasons.

• Wednesday, January 10th 2018 - 09:52 UTC

  Argentine central bank cuts basic rate to 28%; annual inflation target 15%

  

  Argentina’s central bank cut its policy rate to 28% from 28.75%, two weeks after relaxing its 2018 inflation target, the bank said on Tuesday. The bank’s first rate cut in 14 months came after a December 28 news conference announcing an official inflation target for this year of 15%, up from the bank’s previous target range of 8% to 12%.

• Tuesday, January 9th 2018 - 07:54 UTC

  Governor Maria Eugenia Vidal fighting corruption and graft in Buenos Aires province

  

  Buenos Aires province governor Maria Eugenia Vidal said that the union boss arrested in Uruguay is one of “the many Balcedo and Caballos Suarez”, who before were protected, and today are behind bars”.

• Monday, January 8th 2018 - 09:19 UTC

  Argentina and Chile forecasted to lead global lithium production

  

  A new report by BMI Research states that based on project pipelines, Chile and Argentina will lead lithium production in coming years, with the bulk of new capacity coming online in 2019.

• Monday, January 8th 2018 - 05:53 UTC

  Argentina dismantling the extortive power of the corrupt unions

  

  A member of Argentina's elite of powerful union sharks has been arrested in Uruguay at his Great Chaparral ranch and is awaiting extradition to Buenos Aires to face charges of corruption, money laundering, extortion, stealing funds and links with the drugs business, among others.

• Saturday, January 6th 2018 - 09:45 UTC

  Argentine stock market reaches a new record, 13th session running of gains

  

  Good and not so good news from Argentina. Merval, the main index of the Buenos Aires Stock Exchange, rose 0.79% to 32,505.59 points on Friday, a new settlement record that marked the 13th consecutive session of gains to the Argentine stock market. Merval had a weekly gain of 7.11%.

• Friday, January 5th 2018 - 10:44 UTC

  Crackdown on phantom employees, “gnocchi”, in the Argentine Congress

  

  Nearly 200 phantom workers at Argentina's parliament have been caught in a crackdown on employees who only show up sporadically for their jobs, it has been reported. According to La Nacion, the Argentine Congress implemented a new attendance control system for employees two months ago, and it has already caught 190 who had not shown up for long periods without a good explanation.