Get our news on your inbox! x

Remember me Forgot password

MercoPress, en Español

Montevideo, April 24th 2025 - 03:45 UTC

Argentina

  • Monday, April 24th 2023 - 11:03 UTC

    FIFA's U20 World Cup in Argentina and a toponymy controversy over “Malvinas” stadium

    The Malvinas stadium in Mendoza will be named simply Mendoza

    The FIFA Council has confirmed Argentina as the host of the FIFA U-20 World Cup 2023. The decision follows the removal of the original tournament host, Indonesia, as well as a subsequent bid submitted by the Argentine Football Association (AFA) and an on-site inspection by a FIFA delegation to the South American country last week.

  • Saturday, April 22nd 2023 - 10:55 UTC

    Argentina: Ruling coalition welcomes President Fernández's announcement

    For Máximo Kirchner's La Cámpora, the President's message was long overdue

    Argentine President Alberto Fernández's announcement that he would not seek reelection was welcomed within the ruling Frente de Todos (FdT) coalition, which now has the opportunity to submit several candidacies to be decided upon at the Aug. 13 Open, Mandatory and Simultaneous Primary (PASO) elections.

  • Saturday, April 22nd 2023 - 10:54 UTC

    Argentina: How did the President's announcement hit the foreign exchange market?

    It was the second consecutive day of acquiring dollars for the BCRA.

    President Alberto Fernández's announcement Friday that he would not seek reelection this year triggered the US dollar further up against the Argentine peso, reaching AR$437 / AR$442 (buy/sale) at the “blue” (a euphemism for “black market”) exchange rate. Meanwhile, the official rate stood at AR$217/AR$225 (buy/sale), for a gap of 102.26% between the two quotations.

  • Friday, April 21st 2023 - 15:11 UTC

    Argentine President Fernández won't seek another term: “We did not achieve everything”

    “We did not achieve everything we set out to do. We are hurt by the families living in poverty, the low incomes, the projects and dreams that could not come true,” Fernández noted.

    President Alberto Fernández of Argentina announced in a video message on his social media that he will not seek re-election in the upcoming presidential elections. In his message titled “My decision,” Fernández admitted the main problems of his government's management and described the defeats in economic matters of his administration.

  • Friday, April 21st 2023 - 10:05 UTC

    Argentine peso keeps sinking against US dollar

    The local currency bounced back after it was shown pictures of President Fernández and Minister Massa were disseminated, proving there was no resignation on the radar

    The Argentine peso kept sinking Thursday against the US dollar with the “blue” (a euphemism for “black market”) rate hitting AR$ 440 before closing at AR$ 437/AR$ 432 (buy/sale).

  • Thursday, April 20th 2023 - 10:50 UTC

    “Jewish soldiers in Malvinas”, and acts of anti Semitism by some Argentine military officers

    The book, “Jewish soldiers in Malvinas” was written by Hernan Dobry, which mentions the testimonies and experiences of 39 of 43 conscripts and petty officers of Jewish descent

    A third of Argentine conscripts of Jewish origin who participated in the Falklands/Malvinas conflict suffered different forms of anti-Semitism, including torture, abuses, and psychological threats, and 10% of them were staked to the ground.

  • Thursday, April 20th 2023 - 10:23 UTC

    How far up did the US dollar go Wednesday against the Argentine peso?

    After six days of purchases, Argentina's Central Bank had to sell dollars to avoid a sharper increase in the “blue” rate

    Argentine Economy Minister Sergio Massa seems unable to find a way out of the country's current crisis. In this scenario, the “blue” dollar (a euphemism for “black market”) rose five more pesos Wednesday to close at AR$ 423 as the Central Bank (BCRA) ended with a negative balance of US$197 million, this bringing a streak of six positive rounds to an end. The country risk remained at 2,474 basis points, according to JP Morgan's index.

  • Thursday, April 20th 2023 - 10:01 UTC

    Escazú Agreement poses new challenges to Latin American countries

    Human greed is the cause of the current climate crisis, Fernández said

    Argentine President Alberto Fernández Wednesday opened the Second Meeting of the Conference of the Parties (COP2) of the Escazú Agreement at the Kirchner Cultural Center in Buenos Aires. The event will last until April 21.

  • Wednesday, April 19th 2023 - 10:55 UTC

    Argentine FM denounces presence of extra-regional powers in South Atlantic

    British unilateral actions represent a contravention of Resolution 31/49, Cafiero argued in Cape Verde

    Argentine Foreign Minister Santiago Cafiero Tuesday said during a bi-continental forum in Cape Verde that the military presence“ in the South Atlantic of extra-regional powers, such as the United Kingdom, was ”not in accordance with the times and the current practices of multilateralism and international law“ and deemed the situation was ”unacceptable.” Cafiero also denounced the presence in the Malvinas/Falkland Islands of Kosovo Security Forces.

  • Wednesday, April 19th 2023 - 10:44 UTC

    What triggered a new “blue” dollar rise in Argentina?

    Aracre (right) turned in his resignation to defuse rumors and appease the markets

    Rumors about Economy Minister Sergio Massa's possible resignation, the “blue” (a euphemism for “black market”) US dollar rose again Tuesday against the Argentine peso. President Alberto Fernández was reported to have a name to replace Massa: that of his Chief Advisor Antonio Aracre, who turned in his resignation Tuesday afternoon in a move to appease the markets.