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MercoPress, en Español

Montevideo, June 4th 2025 - 17:52 UTC

Argentina

  • Saturday, October 7th 2023 - 07:49 UTC

    Argentina: Unstoppable “blue” dollar nears AR$ 900

    De Pedro claimed that the run sought to damage Sergio Massa's presidential bid

    The so-called “blue” (a euphemism for “black market”) dollar traded at AR$ 885 on Friday for a total increase of AR$539 so far this year and AR$ 42 overnight, it was reported in Buenos Aires. At some point Friday, it hit the psychological AR$ 900 landmark.

  • Saturday, October 7th 2023 - 07:32 UTC

    Argentina/Brazil bilateral trade continues to fall, contracting 19,5% in September

    Argentine sales to Brazil fell by 18.5% in September 2023 compared to the same month the previous year, marking the sixth consecutive month of decline

    Trade between Argentina and Brazil reached US$ 2.1 billion in September, marking a 19.5% decline compared to the US$ 2.66 billion recorded in the same month last year. This fact was brought to attention in a report by Argentina’s Chamber of Commerce and Services (CAC), which used official data from Brazil.

  • Friday, October 6th 2023 - 10:50 UTC

    Argentina not to pay IMF maturities until after the elections

    Inflation in Argentina “is expected to reach 120% year-on-year by the end of 2023,” the IMF said

    Argentina will pay maturities worth US$ 2.6 billion to the International Monetary Fund (IMF) after the Oct. 22 presidential elections, it was reported Thursday in Buenos Aires. However, US$ 1.28 billion was due Friday, another US$ 640 million on Oct. 12, while a third payment of US$ 673 million was scheduled for the last working day of the month.

  • Friday, October 6th 2023 - 10:40 UTC

    Argentina: Grim future for controversial politician Insaurralde

    Insaurralde filed an affidavit saying he had no foreign currency and then allegedly paid an US$ 20 million divorce settlement

    Things are going from bad to worse for former Buenos Aires Cabinet Chief Martín Insaurralde, whose scandal with high-profile escort Sofía Clerici on a luxury yacht off Marbella splashed Argentine Economy Minister and presidential candidate Sergio Massa's chances in the upcoming Oct. 22 elections.

  • Friday, October 6th 2023 - 10:36 UTC

    The sky is the limit for the “blue” dollar in Argentina

    Unofficial exchange parlors were raided by the authorities Thursday

    As underground exchange parlors were raided Thursday, the “blue” (a euphemism for “black market”) dollar soared against the Argentine peso, it was reported in Buenos Aires.

  • Friday, October 6th 2023 - 10:13 UTC

    Moody's foresees Argentina's future between bad and worse

    The “worsening scenario” is not expected to change much if a runoff, scheduled for Nov. 19, is needed

    Regardless of who becomes Argentina's next president as of Decf. 10, 2023, Moody's foresees inflation in the South American country next year will reach 350%. The rating agency's “baseline scenario” scenario also contemplates an economic contraction of 3.5% by 2023, followed by another 2.5% next year, with prices climbing up to 25% each month.

  • Thursday, October 5th 2023 - 09:20 UTC

    Blue dollar knows no ceiling in Argentina

    Since it was launched on May 22, the AR$ 2,000 bill lost around 66% of its value against the “blue” dollar

    The “blue” (a euphemism for “black market”) US dollar closed at AR$ 843 Wednesday after touching AR$ 850 at some point during the day, it was reported in Buenos Aires. The new quotation at the end of the day was AR$ 36 higher than Tuesday's and meant an AR$ 497 increase so far in 2023 after reaching AR$ 346 at the end of 2022. Hence, the new gap with the official exchange rate stood at 141.4%.

  • Thursday, October 5th 2023 - 08:48 UTC

    FIFA confirms 2030 World Cup to be staged in Spain, Portugal, and Morocco

    Football will be uniting six countries, the Domínguez said

    Football's governing body FIFA announced Wednesday that the 2030 World Cup will be returning to the continent where it all started a century before but after opening games in Argentina, Uruguay, and Paraguay, the rest of the event will be held in Spain, Portugal and Morocco.

  • Wednesday, October 4th 2023 - 19:03 UTC

    South America to host Football 2030 World Cup first round matches

    Montevideo' Centenario Stadium is where it all began in 1930

    Although there is no confirmation yet from football's governing body FIFA, there were clues Wednesday morning that the 2030 finals might be played under a format never seen before in the competition's history that will be celebrating 100 years then.

  • Wednesday, October 4th 2023 - 10:59 UTC

    How deep was Massa's candidacy dented by the Insaurralde scandal?

    Insaurralde is a political ally of Deputy Máximo Kirchner, despite not being a born and raised Kirchnerista. Hence the electoral relevance of the scandal.

    The extent of the damage caused by the so-called Insaurralde Scandal to the presidential candidacy of Argentina's Economy Minister Sergio Massa of the ruling Unión por la Patria (UP) front will not be known for certain until the Oct. 22 elections. The same will happen with Buenos Aires Governor Axel Kiciloff's reelection bid.