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MercoPress, en Español

Montevideo, July 27th 2024 - 00:12 UTC

Argentina

  • Monday, July 15th 2024 - 10:33 UTC

    Argentine President warns of hard times ahead

    Milei announced a new intervention in the currency exchange market to bring down the “blue” dollar by making pesos even scarcer

    Argentine President Javier Milei downplayed this weekend from Sun Valley, Idaho, the importance of the “blue” (a euphemism for “black market”) dollar going up in his country. However, he warned of “difficult” weeks to come as his Government starts a new zero-money-issuing phase, which he dubbed “a new upgrade of the monetary policy.”

  • Saturday, July 13th 2024 - 10:22 UTC

    Argentina tops list of LatAm countries with the highest inflation for the 9th straight month

    The CPI went up 4.6% while all the other countries recorded variations below one digit.

    Argentina was found to boast the dubious honor of topping the list of Latin American countries with the highest inflation for the ninth month in a row after Friday's release by the National Institute of Statistics and Census (Indec) of the latest report regarding June's figures. The CPI went up 4.6% while all the other countries recorded variations below one digit.

  • Saturday, July 13th 2024 - 08:02 UTC

    Indec says Argentina's CPI in June reached 4.6%

    In this scenario, the “blue” dollar hit a new all-time high

    The Consumer Price Index (CPI) reached 4.6% last month in Argentina for a year-on-year 271.5%, according to a National Institute of Statistics and Census (Indec) survey released Friday. These figures also yielded a 79.8% increase in the first semester of 2024.

  • Saturday, July 13th 2024 - 07:21 UTC

    BBVA planning to leave Argentina?

    Successive economic hardships have affected profits in the banking industry; hence BBVA is said to have lost interest in Argentina

    Buenos Aires' financial circles are preparing for yet another departure of a banking giant from the South American country, according to leading economics reporter Mariano Gorodisch who hinted that BBVA would follow in HSBC's footsteps.

  • Friday, July 12th 2024 - 12:34 UTC

    Argentina's Labor Ministry halts pilots strike

    Flights will operate normally as wage bargaining continues

    Argentina's Labor Ministry issued a so-called mandatory conciliation injunction, thus thwarting the strike announced for Friday by the APLA pilots guild.

  • Friday, July 12th 2024 - 09:33 UTC

    Millei's mileage accruing spree brings him to Idaho

    It is yet to be known whether Argentina's roving president will be attending Sunday's Copa America final in Miami

    Argentine President Javier Milei is on yet another trip to the United States, the third to that country alone since taking office on Dec. 10, 2023. This time around, he is expected to be attending the Allen & Co. annual meeting in Sun Valley, Idaho, bringing together billionaires from the technology and business sectors. Business Insider has described the event beginning Wednesday as “a summer camp for billionaires.”

  • Friday, July 12th 2024 - 09:24 UTC

    Paraná Waterway crisis expected to be sorted out this year

    The AGP's balance sheets are expected to be sorted out sometime this year

    An extension of the Paraná-Paraguay Waterway Management to Jan de Nul has been reported to be under consideration as the need for further dredging plays a compelling role.

  • Thursday, July 11th 2024 - 19:17 UTC

    Buenos Aires the best city in the region, The Economist finds

    Founded in 1580, the Argentine capital topped the list for the third consecutive year

    Buenos Aires was once again picked by The Economist as the most liveable city in South America according to the outlet's usual scale measuring environmental, cultural, and infrastructural issues in addition to stability and medical care. The Argentine capital topped the list for the third year in a row, standing out for its highly regarded UBA (University of Buenos Aires) among other perks.

  • Thursday, July 11th 2024 - 12:25 UTC

    Argentine airline pilots announce strike against deregulation

    The measure has been announced with the winter school recess coming nearer

    Argentine airline pilots announced a strike for Friday, the last working day before the winter school break and judiciary recess, to protest against the decision of President Javier Milei's Government to open up the industry to foreign players through deregulation.

  • Thursday, July 11th 2024 - 11:29 UTC

    Milei blames lawmakers for the delays in his government's achievements

    The President spoke of “serial goofers” doing “their things” to keep the government off track by wanting to spend recklessly

    During his appearance at the celebrations of the Buenos Aires Stock Exchange's 170th Anniversary, Argentine President Javier Milei warned that he would veto any initiative from Congress hindering his administration's fiscal balance and elaborated on what he believes to be the reasons for the so-called “blue” (a euphemism for “black market”) exchange rate between the local peso and the US dollar rising again.