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MercoPress, en Español

Montevideo, April 19th 2025 - 03:54 UTC

Argentina

  • Friday, November 1st 2024 - 21:14 UTC

    Argentina's Central Bank lowers basic interest rate

    The benchmark interest rate was standing at 133% when Milei took office

    Given the significant fall in Argentina's inflation rate, the Central Bank (BCRA) announced Friday that it was lowering the basic interest rate from 40% to 35% in a move to “boost private credit.”

  • Friday, November 1st 2024 - 07:48 UTC

    Oldest tadpole in the world discovered in Argentine Patagonia

    The researchers were looking for dinosaurs when the discovery was made by chance

    Argentine researchers found by chance what resulted to be the oldest tadpole fossil in the world. According to an article published this week, the fossil was found in the province of Santa Cruz and is believed to have lived in the Middle Jurassic period between 161 and 168 million years ago. This unique specimen is said to shed light on the evolution of frogs and toads. It was found in January 2020, while searching for dinosaur remains.

  • Thursday, October 31st 2024 - 10:55 UTC

    US gives nod to sale of F-16 equipment to Argentina

    “The proposed sale is structured to optimize the use of both nations' current resources,” a Pentagon spokesman also pointed out

    The US State Department Wednesday gave its nod to the possible sale of high-tech equipment for Argentina's F-16 combat aircraft. The US$ 941 million operation has the Fort Worth (Texas) based company Lockheed Martin as the primary contractor. “This agreement reinforces US foreign policy and security objectives by supporting the security of an important ally in South America,” the State Department said in a statement.

  • Thursday, October 31st 2024 - 10:22 UTC

    Business as usual in Argentina as bus strike is lifted

    UTA leader Roberto Fernández took heavy flak for not staging the drivers' strike on Wednesday, together with the other groups

    It will be business as usual for Argentines on Thursday after the bus drivers' Unión Tranviarios Automotor (UTA) lifted the strike following an understanding with the Labor Ministry and the companies represented by the Asociación Argentina de Empresarios del Transporte Automotor.

  • Wednesday, October 30th 2024 - 22:38 UTC

    Milei sacks Mondino for not siding with US against Cuba

    Milei was hoping to align Buenos Aires with Washington and Tel Aviv but Argentina's diplomatic team at the UN stuck to old policies

    Argentine President Javier Milei sacked Foreign Ministry Diana Mondino Wednesday after Argentina voted in line with most countries at the United Nations (UN) against the US trade embargo on Cuba in force since 1962. The 32nd consecutive non-binding resolution in the same regard was passed with 187 votes in favor, two against (USA and Israel) and one abstention (Moldova). Mondino will be replaced by the current ambassador to the United States, Gerardo Werthein.

  • Wednesday, October 30th 2024 - 15:46 UTC

    Falklands coast line surveyed by the Argentine navy during “Operation Cow Beach”

    Submarine Santiago del Estero

    Now that the Argentine president Javier Milei has made public a shopping list to equip the armed forces, such as the US manufactured F16 from Denmark for the Air Force, plus tanks, armored vehicles and modern warfare elements such as drones, rockets for the army, and also some surface vessels for the navy, and possibly Scorpane French/Spanish submarines, such as the navies of Brazil and Chile, it is interesting to recall an incident almost sixty years ago when a sea incursion to the Falkland Islands.

  • Wednesday, October 30th 2024 - 10:56 UTC

    Spain appoints new ambassador to Buenos Aires

    Joaquín María de Arístegui Laborde has until now headed Spain's mission in Bogotá, Colombia

    The Spanish Government of Prime Minister Pedro Sánchez will be appointing Joaquín María de Arístegui Laborde as the new Ambassador to Buenos Aires, thus restoring the full strength of its diplomatic mission in the Argentine capital following rifts with President Javier Milei earlier this year.

  • Wednesday, October 30th 2024 - 10:40 UTC

    YPF to sell Metrogas stake to focus on Vaca Muerta

    Now it is the right time, Marín argued

    Argentina's state-run oil company YPF announced Tuesday that it plans to sell its shares in cooking gas distributor Metrogas to invest those funds in Vaca Muerta. YPF CEO Horacio Marín also outlined before the Inter-American Council of Trade and Production (Cicyp) the strategy to increase by fourfold the company's value over the next four years.

  • Wednesday, October 30th 2024 - 10:00 UTC

    Argentine workers carry out major strike

    These strikes are “harming those who want to work,” Adorni argued

    Argentina's leading public workers labor union Association of State Workers (ATE) launched at noon Tuesday a 36-hour strike to protest against the Libertarian administration of President Javier Milei's recent layoffs and spending cutbacks, in addition to demanding wage adjustments to cope with inflation. The measure is also fueled by a 24-hour stoppage affecting air, railroad, and underground services.

  • Tuesday, October 29th 2024 - 22:25 UTC

    Punta Tombo penguin massacre trial begins

    The prosecution seeks 4 years in jail for La Regina

    The trial against Argentine Patagonian rancher Luis Alberto La Regina started this week in the city of Comodoro Rivadavia in the province of Chubut. He is prosecuted for the destruction of 175 nests, with an average of two eggs per nest, in addition to crushing chicks and adult animals in a natural sanctuary to open a rural road in what became known as the Punta Tombo Massacre. The defendant was denounced by his nephew back in 2021.