Argentina

• Wednesday, February 12th 2025 - 08:54 UTC

  US dollar not lagging, says Caputo

  

  Argentina's Economy Minister Luis 'Toto' Caputo insisted Tuesday that the US dollar was not lagging against the peso and also mentioned that a new deal with the Monetary Fund (IMF) was just details away from being finalized. He made those remarks and negative results hit the local stock markets, and the country-risk index regained its upward trend following President Javier Milei's statements that a devaluation was not in sight and that the government did not intend to modify the current pensions law.

• Tuesday, February 11th 2025 - 09:48 UTC

  Milei cries foul play in live TV interview

  

  Argentine President Javier Milei said his interview with the local TV station A24 was sabotaged. “They tried to replicate the tricks of the 2023 campaign,” argued the wary head of state, who also sacked Argentina's Ambassador to the Organization of American States (OAS) after her father contended that the current exchange rate between the peso and the US dollar was 20% behind. The Libertarian leader said those remarks were “shameful and stupid.”

• Monday, February 10th 2025 - 09:45 UTC

  Argentine gov't to privatize major cargo railway line

  

  Argentine President Javier Milei has signed the decree ordering the key cargo railway Belgrano Cargas y Logística S.A. line privatized, Presidential Spokesman Manuel Adorni confirmed. “President Javier Milei has just signed the decree that initiates the process of total privatization of the Belgrano Cargas y Logística S.A. company,” he wrote on social media. The Argentine State “will cease to be the operator of the cargo railway services and all its infrastructure: rolling stock, tracks, workshops, and real estate,” Adorni also noted.

• Saturday, February 8th 2025 - 10:52 UTC

  Argentine judge rules travel agency should not advertise Malvinas as UK destination

  

  Judge Guillermo Patricio Cánepa of the Autonomous City of Buenos Aires (CABA) ruled this week that Cruiseline S.R.L. should not mislead potential customers by advertising cruise services to the United Kingdom's “Islas Malvinas.” The magistrate ordered the company to pull its advertising campaign in that regard and recognize Argentina's sovereignty over the archipelago.

• Saturday, February 8th 2025 - 09:56 UTC

  Argentina: Lower House gives thumbs down to open primaries

  

  Argentina's Lower House approved this week by 162 votes in favor, 55 against, and 28 abstentions, the elimination of the so-called Mandatory, Simultaneous, and Open Primary (PASO) Elections whereby the country's constituencies chose each party's candidates. The measure proposed by the ruling La Libertad Avanza (LLA) of President Javier Milei now needs to be passed by the Senate before it can be implemented in this year's mid-terms.

• Friday, February 7th 2025 - 12:47 UTC

  Barenboim admits he has Parkinson's Disease

  

  Argentine-born conductor and pianist Daniel Barenboim, KBE, confirmed that he has Parkinson's Disease but nevertheless intends to “maintain as many musical engagements as possible.”

• Friday, February 7th 2025 - 09:04 UTC

  Argentina: BCRA REM report foresees 2.3% CPI in January

  

  Argentine Central Bank's (BCRA) monthly Market Expectations Outlook (REM) released Thursday foresaw January's Consumer Price Index (CPI) would stand at 2.3%. Back in December 2024, the REM expected it to be 2.5%.

• Friday, February 7th 2025 - 08:32 UTC

  Covid 19: Milei wants WHO Chief tried for human rights violations

  

  Argentine President Javier Milei announced Thursday that he intends to hold World Health Organization (WHO) Director Tedros Adhanom Ghebreyesus accountable “for crimes against humanity” given the measures recommended and adopted during the Covid-19 pandemic. Earlier this week, the South American country left the WHO, thus following in on US President Donald Trump's steps.

• Friday, February 7th 2025 - 07:13 UTC

  Brazil needs to purchase 3,5 million tons of wheat, despite higher yields in domestic production, says CEPEA

  

  Wheat production 2024/2025 in Brazil fell by 2.6% compared to the previous year, with the National Supply Company (Conab) forecasting a harvest of 7.89 million tons in 2024. This also represents an 11.9% reduction in the cultivated area, which shrank to 3.06 million hectares.

• Thursday, February 6th 2025 - 08:30 UTC

  Milei now wants Argentina to quit the Paris Agreement

  

  After pulling his country from the World Health Organization (WHO), Argentine President Javier Milei admitted Wednesday in an interview with a French outlet that he intended to withdraw from the 2015 Paris Agreement to limit greenhouse gas emmissions to preserve the planet's temperature from rising. “The environmentalist agenda is a real fraud,” said Milei, thus echoing similar recent statements from US President Donald Trump. To withdraw from the Paris Agreement, Law 27.270 would have to b e repealed by Congress.