Argentina's state-run oil company YPF has increased its prices at pumps between 9.5% and 11.5%. It was the second rise this year. Other brands such as Shell have followed suit. The last increase had been in February.
The government of Argentine Sunday decided to shut down all registrations for new soybean oil and soybean meal exports until further notice, it was announced. Authorities are also said to be planning a 2% rise to export taxes of industrial by-products, to level it up with the 33% charged to soybeans.
World leaders gathered under the Puebla Group have expressed their support to Argentine President Alberto Fernández for the deal reached with the International Monetary Fund (IMF) and for its overwhelming approval in Congress.
Sanctions on Russia for the invasion of Ukraine are intensifying and biting, with consequences for the Argentine fishing industry, mainly because Russian importers are rejecting shipments as the Rubble, last week, had devalued almost 75%.
By Joseph E. Stiglitz and Mark Weisbrot – After long pushing failed belt-tightening policies, the International Monetary Fund has agreed to a deal that will allow Argentina's government to pursue a pro-growth strategy. The task now will be to manage the inevitable shocks that will come from today's tumultuous global economic environment.
While Argentina's Lower House was debating the approval of the refinancing agreement with the International Monetary Fund, demonstrators staged several incidents in and around the Congress building in Buenos Aires.
Argentina's House of Deputies greenlighted the deal reached between the administration of President Alberto Fernández and the International Monetary Fund in the wee hours of Friday by 202 votes in favor, 37 against, and 13 abstentions.
Shortages of basic products at Argentine supermarkets have been reported Friday, particularly of flour, cooking oil, and dry noodles of the most affordable brands. Media coverage has also outlined a sharp increase in the price of eggs.
Retired Bolivian Army non-commissioned officer Mario Terán Salazar dies Thursday, aged 80. Terán rose to worldwide notoriety for being the man who killed Argentine doctor turned Cuban guerrilla leader Ernesto Che Guevara in 1967.
According to a study by the Catholic University of Uruguay (UCU), that measured prices in Salto, Uruguay, and Concordia, Argentina, the former turned out to be 130.3% more expensive than the latter, it was reported.