Argentina

Saturday, August 19th 2023 - 09:21 UTC
Massa clinches deal to curb price hikes

Argentine Economy Minister and presidential hopeful Sergio Massa Friday announced an agreement with most leading supermarket chains and wholesalers for 90 days, during which prices will remain frozen in principle for some 52,300 mass consumption products and increases will be capped at 5% per month, it was reported in Buenos Aires.
Friday, August 18th 2023 - 11:00 UTC
Argentine gov't reached deal to freeze price of fuel

Argentina's Economy Minister and presidential candidate Sergio Massa announced Thursday that fuel prices will be frozen until Oct. 31 after a 12.5% increase this week following an agreement with the country's leading oil companies, including the state-run YPF. After a previous 4.5% rise on Aug. 1, fuels accumulated an adjustment of 17.56% this month.
Thursday, August 17th 2023 - 11:46 UTC
“Blue” dollar rises AR$ 50 in one day

The “blue” (a euphemism for “black market”) dollar reached a new all-time-high Wednesday in Argentina and closed at AR$ 780 after hitting AR$ 800 at some point during the day, it was reported in Buenos Aires. On Tuesday it traded at AR$ 730 after Monday's 22% devaluation which drove it from AR$ 600 on Friday. It traded at AR$346 at the end of 2022.
Thursday, August 17th 2023 - 10:54 UTC
Brazilian export sectors concerned with the political and financial situation in Argentina

The deteriorating Argentine political and financial situation is already affecting some sectors of the Brazilian economy. Representatives from associations linked to manufactured products reported a decline in exports this year. They expressed concern over potentially worsening shipment figures until December when Argentines will decide on the country’s new president.
Thursday, August 17th 2023 - 10:15 UTC
Macri, in Montevideo, says Argentine gov't “irresponsible”

Former Argentine President Mauricio Macri said Wednesday in Montevideo that his country's current government was “irresponsible” in light of the recent devaluation and the rampant inflation that ensued.
Thursday, August 17th 2023 - 08:31 UTC
Milei announces virtual meeting with IMF

Argentine presidential hopeful Javier Milei of La Libertad Avanza Wednesday confirmed he would be holding a virtual conference with International Monetary Fund (IMF) authorities on Friday. The single most-voted candidate in last Sunday's Open, Mandatory, and Simultaneous Primary (PASO) elections said he would be joined by his “economic council.”
Wednesday, August 16th 2023 - 11:48 UTC
Argentina: July's inflation reported at 6.3%

Argentina's National Institute of Statistics and Census (Indec) announced Tuesday that the variation in the Consumer Price Index (CPI) for the month of July of 2023 was 6.3% for a total of 60.2% in the first seven months of the year and 113.4% interannually, it was reported in Buenos Aires.
Wednesday, August 16th 2023 - 11:40 UTC
Milei ready to take over in case of President's early departure from office

Libertarian Congressman Javier Milei, who was the most-voted candidate in Sunday's Open, Mandatory, and Simultaneous Primary (PASO) elections, said he was ready to take over the helm at Casa Rosada at once should President Alberto Fernández and his constitutional successors step down ahead of the Dec. 10 schedule.
Wednesday, August 16th 2023 - 10:30 UTC
Falklands Regional Student competition 2023

The Falkland Islands Government and the British Embassies in Argentina, Chile, Paraguay and Uruguay are inviting university students to participate in the Regional Student Competition 2023 in the Falklands.
Tuesday, August 15th 2023 - 10:23 UTC
Argentine devaluation consistent with IMF guidelines

The International Monetary Fund es expected to release over US$ 10 billion to Argentina which might come as some sort of relief following Monday's decision to devaluate the local peso in the aftermath of the government's poor performance Sunday at the Open, Mandatory, and Simultaneous Primary (PASO) elections.