Argentina

• Friday, December 29th 2017 - 09:32 UTC

  Argentina increases inflation targets for 2018/19, closer to private estimates

  

  Argentina changed its inflation target for 2018 to 15%, up from the central bank’s previous goal of 8-12%, Treasury Minister Nicolas Dujovne said on Thursday, raising expectations for interest rate cuts. The government will postpone by one year its goal of lowering inflation to 5%, pushing it back to 2020, Dujovne said.

• Friday, December 29th 2017 - 06:55 UTC

  US withdraws support for the search of the ARA San Juan submarine

  

  The United States Southern Command announced the U.S. was withdrawing support for the mission to find the Argentine submarine that went missing last month with 44 aboard in the South Atlantic.

• Thursday, December 28th 2017 - 10:30 UTC

  Argentine Senate approves tax reform and 2018 budget; economy expanded 0.2% in October

  

  Argentina’s Senate on Wednesday gave final approval to the government’s tax reform and 2018 budget plan, part of President Mauricio Macri’s push to cut business costs and attract investment to Latin America’s No. 3 economy.

• Thursday, December 28th 2017 - 10:18 UTC

  Argentina's stock market Merval has gained around 75% in the last twelve months

  

  Merval, the benchmark stock market index in Argentina, rose 0.25% to 29,260.33 on Wednesday, reflecting investor optimism that the Senate would pass the 2018 budget and a tax reform. It was the seventh consecutive increase of the index.

• Wednesday, December 27th 2017 - 11:08 UTC

  Argentine Air Force base turned into an airport for low cost airlines' operations

  

  El Palomar airport to the west of metropolitan Buenos Aires was officially incorporated to Argentina's National System of Airports and will be open for the low cost airlines to operate, beginning January.

• Wednesday, December 27th 2017 - 11:02 UTC

  Federal Judge Griesa who presided over Argentina's dispute with hedge funds, has died

  

  A New York federal judge who drew the ire of Argentine government officials in a long-running case over Argentina’s debts has died. Judge Thomas P. Griesa was 87, and spent 45 years on the federal bench.

• Wednesday, December 27th 2017 - 09:36 UTC

  Moody's expects Argentine economic recovery in 2018 and 2019

  

  Credit risk rating agency Moody's expects Argentina's economic recovery to continue in 2018 and 2019, helped by the reforms advanced by the Mauricio Macri's administration in the last two years.

• Wednesday, December 27th 2017 - 08:21 UTC

  It's official: Nisman was murdered, and his ex secretary is charged as accessory to the crime

  

  Alberto Nisman, the Argentine prosecutor who was found dead days after accusing former President Cristina Fernandez of covering up Iran’s role in the 1994 bombing of a Jewish community center, was murdered, a federal judge said on Tuesday

• Wednesday, December 27th 2017 - 08:05 UTC

  Argentine demanding US$ 1.2bn compensation from Cristina Fernandez and cronies

  

  The Argentine government is demanding compensations of over 1.2 billion US dollars from ex president Cristina Fernandez, several of her ministers and staff, as well as businessmen benefitted by the Kirchner administrations, for damages caused by acts of corruption.

• Sunday, December 24th 2017 - 11:46 UTC

  Merry Xmas and Happy New Year !!!

  

  MercoPress wishes.a Merry Christmas and a Happy New Year to Everybody !