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Montevideo, May 21st 2024 - 06:36 UTC

Argentina

  • Thursday, May 16th 2024 - 10:58 UTC

    Argentina getting ready to dollarize its economy, minister says

    Argentina still needs to terminate the “stocks” holding the parity between the local peso and the US dollar, Caputo explained

    Argentine Economy Minister Luis 'Toto' Caputo said Wednesday that the Libertarian administration of President Javier Milei had that the Government has “everything ready for dollarization.” The “recovery is very close,” he added as the “blue” (a euphemism for “black market”) dollar bounced back after it became evident that the government would be unable to deliver on Milei's promise to have an agreement signed with the provincial governors by May 25.

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  • Wednesday, May 15th 2024 - 16:58 UTC

    Milei celebrates inflation figures football-style

    Milei thanked Toto Caputo for the latest achievement

    Argentine President Javier Milei became overtly extrovert on social media Tuesday after the National Institute of Statistics and Census (Indec) announced that April's monthly Consumer Price Index (CPI) had stood at 8.8%. “GOOOOOOOOOOOOOOOOOOOL...!!!!,” he wrote in football-fan mode. Meanwhile, Presidential Spokesman Manuel Adorni said inflation had “its death certificate signed.”

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  • Tuesday, May 14th 2024 - 23:05 UTC

    Argentina: Inflation keeps decelerating in April

    Before April, monthly inflation had remained in double digits for five months in a row, Argentina's National Institute of Statistics and Census reported

    Argentina's National Institute of Statistics and Census (Indec) Tuesday announced that April's Consumer Price Index (CPI) stood “at 8.8% in April 2024 compared to March and 289.4% year-on-year.” The government agency also noted in its X account that “they accumulated an increase of 65% in the first quarter.”

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  • Tuesday, May 14th 2024 - 10:49 UTC

    Man who threw bottle at Milei jailed for 3 and a half years

    The offender had a previous history of violence and was under the influence of alcohol during the attack

    A Buenos Aires court Monday validated a plea agreement with the prosecution whereby the man who threw a bottle at President Javier Milei's motorcade on inauguration day has been sentenced to three and a half years in prison. In the incident, the perpetrator nearly missed the head of state's head and hit a security guard instead.

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  • Monday, May 13th 2024 - 20:45 UTC

    Argentina passes IMF test with flying colors, will get US$ 800mn

    The IMF thanked Caputo and Bausili for their strong commitment to restoring economic stability

    After passing the eighth review of its debt refinancing program with the International Monetary Fund (IMF), Argentina is expected to receive a US$ 800 billion disbursement in the coming weeks, it was announced Monday. However, the transaction still needs to be approved by the IMF Board of Directors.

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  • Monday, May 13th 2024 - 10:59 UTC

    Falklands war: “The secret pact between Chile and the United Kingdom”, ex-head of Argentine Army

    Thatcher visits General Pinochet on the Wentworth estate

    A former commander in chief of the Argentine Army, 2003 to 2011, and Malvinas Veteran, Martín Balza in a recent column in the Buenos Aires daily Perfil, wrote a column exposing what he described as 'a secret pact between Chile and UK', to help avoid the defeat of the British Task Force in 1982 during the Falkland Islands conflict with Argentina.

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  • Monday, May 13th 2024 - 10:55 UTC

    Milei and Lacalle Pou will meet eventually despite not sharing identical views, says Adorni

    Adorni represents the administration's views every morning during his press briefings

    Argentina's Presidential Spokesman Manuel Adorni said in an interview with Montevideo's El País that Presidents Luis Lacalle Pou and Javier Milei had different points of view regarding the State's role in each country's economy. The official also addressed the delay in materializing an encounter between both heads of state despite the short geographical distance separating them.

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  • Monday, May 13th 2024 - 10:48 UTC

    Brazil to buy rice from Mercosur countries to feed storm-hit Rio Grande do Sul

    “We're going to have to import rice from Bolivia, Paraguay, Uruguay, Argentina,” Lula said upon announcing the initiative

    Brazil's National Supply Company (Conab) has been entrusted with purchasing one million tons of rice to feed the people of Rio Grande do Sul and avoid the intervention of middle people seeking a black market profit from the victims of the unprecedented storms. Under normal circumstances, Rio Grande do Sul accounts for 70% of Brazil's rice production.

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  • Monday, May 13th 2024 - 10:00 UTC

    Argentina goes rogue even for Mother's Day celebration

    Last Sunday was Mother's Day in most of the Americas, except in Argentina, Bolivia, Panama, Costa Rica, and Suriname

    Argentine mothers are unique. They are the addressees of many famous tango pieces and celebrate Mother's Day way apart from all the others worldwide.

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  • Saturday, May 11th 2024 - 10:47 UTC

    No fatalities reported after train clash in Buenos Aires

    There is a total degradation of the state-run railway company, railway union leader Maturano explained

    A train collision at 10.30 am Friday in the Buenos Aires neighborhood of Palermo left many people injured but no casualties were reported. While authorities are yet to determine the cause of the accident, railway union leaders blamed the Libertarian administration of President Javier Milei for the faulty signaling which has worsened over the past few months given the increase in copper wiring thefts.