Argentina

• Thursday, June 30th 2016 - 06:40 UTC

  Argentine economy grows 0.5% in first quarter: fishing and transport compensate fall in agriculture and construction

  

  Argentina's economy grew 0.5% in the first quarter the government said on Wednesday, adding that it saw activity leveling out this year before accelerating in 2017. The year-on-year result, published by the newly revamped Indec statistics agency, followed analysts' forecasts for a 1.3% contraction for the January through March period.

• Wednesday, June 29th 2016 - 05:23 UTC

  Argentina cuts rate reference for eight weeks running as double/digit inflation eases

  

  Argentina's double-digit inflation has shown signs of easing this month, the central bank said on Tuesday as it cut its 35-day reference rate for the eighth week in a row. As part of its effort to get Latin America's No. 3 economy out of the doldrums while containing consumer prices, the bank sliced 75 basis points off the interest rate to 30.75%.

• Wednesday, June 29th 2016 - 05:12 UTC

  Pacific Alliance, under Chilean presidency will speed closer links with Mercosur

  

  The Pacific Alliance under the helm of Chile, beginning next July first will reach out for closer links with Mercosur, particularly since Argentina's decision to join the block as an observer. “The Argentine decision to join the Pacific Alliance as an observer fully harmonizes with Chile's strategy of making both blocks converge”, according to Andres Rebolledo, head of Chile's Directorate of International Economic Relations.

• Tuesday, June 28th 2016 - 06:28 UTC

  Mercosur presidential summit off, but chair transfer to Venezuela will be done at foreign ministers' level

  

  Mercosur presidential summit next July in Montevideo has been cancelled, but the six-month presidency of the group, currently held by Uruguay will be transferred as scheduled to Venezuela, although some conditions of the event are “pending discussion”, said on Monday foreign ministers Susana Malcorra and host Rodolfo Nin Novoa.

• Monday, June 27th 2016 - 07:15 UTC

  Brazil's recession greater risk than Brexit for Argentina: could chip 1.5 percentage points from GDP

  

  Argentina’s annual rate of inflation was likely to have reached an annualized 42% through May, but should begin to slow in June with a return to growth also on the horizon, Finance Minister Alfonso Prat-Gay said in an address to investors in New York. The minister also said that for Argentina, Brazil's recession had a greater impact than Brexit.

• Saturday, June 25th 2016 - 11:29 UTC

  UK´s Leave vote is of great concern for Argentina, admits Malcorra

  

  The exit of the United Kingdom from the European Union is of most concern to the administration of Argentine president Mauricio Macri, said foreign minister Susana Malcorra. “It is a shock for world institutions”, but it's too early to gauge the impact on the Falklands/Malvinas discussions.

• Saturday, June 25th 2016 - 11:08 UTC

  Falklands/Malvinas discussions with Argentina 'more complicated' because of 'British nationalism' resurgence

  

  Wikileaks founder Julian Assange anticipated that the exit of the United Kingdom from the European Union will further complicate negotiations with Argentina regarding the Falklands/Malvinas sovereignty dispute because of a “resurgence” of what he described as British nationalism.

• Saturday, June 25th 2016 - 10:53 UTC

  Argentina's chances of advancing Malvinas claim not enhanced by Brexit, says Cisneros

  

  The Leave victory in UK and its impact on the Falklands and Argentina's ongoing claim over the Islands was addressed by Argentine academics and diplomats. Probably the man with most experience and knowledge in the trilateral relation between London, Buenos Aires and the Falklands is former Deputy foreign minister Andres Cisneros, who worked next to Guido Di Tella.

• Friday, June 24th 2016 - 04:00 UTC

  Falklands are not recognized as a “people” and the principle of self determination does not apply, argues Malcorra

  

  With a less aggressive tone but with the same determination, Argentine foreign minister Susana Malcorra (and hopeful UN Secretary General), argued that the principle of self-determination is not absolute and does not apply to the disputed Falkland/Malvinas Islands, since the principle of territorial integrity of States prevails, and the inhabitants of the Malvinas are not recognized as a “people”.

• Thursday, June 23rd 2016 - 19:17 UTC

  Argentina planting an additional million hectares of wheat this winter

  

  Argentina is planting an additional one million of hectares with wheat this austral winter, taking the total area to 5.3 million hectares, spurred by the end of export duties and quotas, and a floating exchange rate, according to the Agro/Industry ministry in Buenos Aires.