Argentina’s central bank wants to license market makers to help stabilize its embattled peso currency when the Treasury starts newly announced dollar sales in April. The bank hopes the market makers, dealers who agree to buy and sell at set prices, would bolster liquidity in the exchange market to help avoid the sharp gyrations the peso has suffered in recent weeks when it hit a record low of 42.5 pesos per dollar in thin trading.2 comments
A delegation from China will visit Argentina this month to discuss the construction of a nuclear power plant, signaling possible progress in a deal that could increase Beijing’s deepening influence in Argentina. Accordingly, the “technical team” from China would meet local suppliers about the long-stalled nuclear power plant project, reportedly worth up to US$8 billion.2 comments
Argentina’s stubbornly high inflation accelerated again in February, the government said on Thursday, sparking the central bank chief to pledge new measures to rein in rising prices that have dogged the South American economy over the last year.31 comments
Ex-Argentine president Cristina Fernández de Kirchner left on Thursday for Cuba to assist her 29-year-old daughter Florencia, who is receiving medical treatment. In a dramatic video posted on her Twitter, the senator for Buenos Aires province said that her daughter was suffering from ”severe health problems” and began special treatment in Cuba last December.5 comments
“I imagine you have gone through moments of great emotion in the Islands, next to the graves with the 112 full names, which until now remained unidentified”, Argentine foreign minister Jorge Faurie was quoted in an official release, on receiving the delegation of next of kin, on their return trip from the Falkland Islands, Wednesday evening.79 comments
The South American Football Confederation (CONMEBOL) has rejected a proposal from the United States and awarded the 2020 Copa America tournament to Argentina and Colombia. CONMEBOL officials meeting in Miami on Wednesday said the joint bid was accepted as a way of bringing South American football to the fans and would be subject to a more detailed presentation by both countries.Add your comment!
Argentina's wheat planting area will rise again in 2019/20, industry experts anticipated, which could mean another bumper harvest after a record wheat crop last season. The area could reach up to 6.9 million hectares, analysts and farmers said, which would be the fourth consecutive increase and a rise from 6.3 million hectares in the 2018/19 season when the country produced a record 19.5 million tons of wheat.Add your comment!
A strike at Canadian Goldcorp Inc’s Cerro Negro mine in Argentina has forced a halt to operations, the company said on Tuesday, calling the union’s action at its biggest mine illegal. Mining activities stopped when the strike by the Asociacion Obrera Minera Argentina (AOMA) union began on March 8, and processing is also now halted as surface stockpiles have run out, Vancouver-headquartered Goldcorp said in a statement.Add your comment!
Sixty-five next of kin of Argentine combatants buried in the Falkland Islands and whose remains were recently identified, visited the Argentine military cemetery at Darwin to pay their respects and pray next to the graves of their loved ones.7 comments
Argentina’s efforts to boost its natural gas output and supply are progressing through new pipeline and transport projects and auctions, moves that are expected to balance the country’s production and demand, the energy secretary said on Monday.Add your comment!