Argentina

Saturday, June 8th 2019 - 22:19 UTC
Argentina: Overprices of up to 90% in sales to Venezuela detected

Inconsistencies were found in binational businesses for overpricing and irregular billing for more than 20,000 million dollars between Venezuela and Argentina. According to a report from the General Syndicature of the Nation (Sigen), which was accessed by the newspaper La Nación, between 2012 and 2016 at least 15 Argentine companies would be involved in the escrow between the two countries.
2 comments
Saturday, June 8th 2019 - 09:53 UTC
Brazil central bank denies plans for a monetary union with Argentina

Brazil’s central bank has denied any planning is underway to create a monetary union with Argentina, after a spokesman for the government in Buenos Aires said on Thursday it was the case.
7 comments
Friday, June 7th 2019 - 09:59 UTC
Bolsonaro and Macri announce the EU/Mercosur trade deal is “imminent”

The presidents of Argentina and Brazil said on Thursday that an agreement is imminent on a free trade agreement between the European Union and Mercosur. Brazil's President Jair Bolsonaro and Argentina's Mauricio Macri expressed confidence that the deal would soon be signed as they met in Buenos Aires for talks.
31 comments
Friday, June 7th 2019 - 09:48 UTC
Falklands: World Chess Federation rejects using the game for political purposes

The Argentine Chess Federation’s attempt to get legal recognition of their secret tournaments, held in the Falklands, have been denied. This was expressed in a statement from FIDE, the World Chess Federation, which also urged all federations to refrain from using chess tournaments for political purposes.
23 comments
Friday, June 7th 2019 - 09:43 UTC
Argentine Justices uphold Glacier Law: setback for one of world's biggest gold miners

The Argentine Supreme Court ruled against a legal claim by mining companies Barrick Gold Corp and Minera Argentina Gold arguing that Argentina's Glacier Law was unconstitutional. The decision was praised by environmentalists and marked a setback for one of the world's biggest gold miners.
2 comments
Friday, June 7th 2019 - 09:41 UTC
Macri and Bolsonaro pledge to make everything possible to restore democracy in Venezuela

The conservative presidents of Brazil and Argentina reiterated their rejection of Venezuela's socialist government Thursday as the far-right Brazilian politician Jair Bolsonaro made a state visit to Buenos Aires.
3 comments
Thursday, June 6th 2019 - 09:59 UTC
Lagarde admits underestimating the Argentine economic situation

The International Monetary Fund, IMF, admitted on Wednesday that it had underestimated the “incredibly complicated situation” of the Argentine economy and also that taming inflation had taken much longer than originally expected.
Thursday, June 6th 2019 - 09:58 UTC
Mercosur's Common External Tax in the agenda Bolsonaro will discuss with Macri in Buenos Aires

Brazil and Argentina have started discussing a reduction in the common external tariff (TEC) of the Mercosur trade block, sources in both governments revealed on Wednesday, as their market-friendly presidents look to boost economic growth.
Thursday, June 6th 2019 - 08:41 UTC
Argentine construction industry contracts 7.5% in April and 10.3% in four months

The construction industry in Argentina contracted 7.5% last April, the eighth consecutive month, with an overall drop of 10.3% in the first four months of the year. According to the country's stats office Indec, the Indicator of Construction Activity, during April fell 0.3% from March.
Thursday, June 6th 2019 - 08:37 UTC
Argentina's industrial output down 8.8%; car production falls 35.3% in twelve months

Argentina’s industrial output fell 8.8% in April compared with the same month a year ago, official data showed on Wednesday, marking 12 straight months of production losses as the economy struggles with recession and rapidly-rising consumer prices.