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MercoPress, en Español

Montevideo, April 25th 2025 - 22:46 UTC

Argentina

  • Thursday, April 10th 2025 - 19:29 UTC

    US Secretary of the Treasury due in Buenos Aires next week

    Thanks to Milei, the relationship between the United States and Argentina is stronger than ever, Bessent said

    US Secretary of the Treasury Scott K.H. Bessent will arrive in Buenos Aires next Monday to bolster support for Argentine President Javier Milei’s economic reforms, it was announced Thursday.

  • Thursday, April 10th 2025 - 10:45 UTC

    Third general strike against Milei under way

    The bus drivers' union (UTA) will not be joining the stoppage. so those wanting to go to work will have that part of public transport available

    Unions such as the General Labor Confederation (CGT) and Argentina's Workers' Central (CTA) started demonstrating Wednesday ahead of Thursday's 24-hour full strike, the third since President Javier Milei took office.

  • Thursday, April 10th 2025 - 08:59 UTC

    Milei and Peña get together in Asunción instead of going to Honduras

    Milei said he shared with Peña “the love for the ideas of Freedom”

    Presidents Javier Milei of Argentina and Santiago Peña of Paraguay met Wednesday in Asunción to stress their shared commitment to economic freedom and deregulation as a path to prosperity. Their encounter took place at the same time most other heads of State convened in Tegucigalpa (Honduras) for the Celac Summit.

  • Wednesday, April 9th 2025 - 10:26 UTC

    Argentina's Lower House to investigate $LIBRA cryptofiasco

    President Milei and Presidential Secretary and sister Karina Milei will be spared due to lack of parliamentary consensus

    Argentina's Lower House agreed Tuesday to create an investigative commission to examine the $LIBRA crypto fiasco with 128 votes in favor, 93 against, and 7 abstentions. The body will delve into President Javier Milei's promotion of the cryptocurrency on social media, which allegedly led to a scam affecting investors globally after its price surged and then crashed.

  • Wednesday, April 9th 2025 - 07:36 UTC

    Strong global market for beef, but Argentina is not keeping pace with other main exporters, BCR report

    In the first two months of 2025, main exporters, Brazil, Australia, Uruguay and Paraguay increased volume and revenue from sales of beef, while Argentina shipped 26% less

    Argentina’s beef exports totaled 96,805 metric tons in the first two months of 2025, down 26.1% from the same period in 2024, according to a report from the Rosario Board of Trade BCR. This has meant that in terms of revenue, exports fell 3.8% year-over-year to US$474.5 million for January and February combined.

  • Tuesday, April 8th 2025 - 18:57 UTC

    García-Mansilla resigns from Argentine Supreme Court after 39 days

    García-Mansilla was the victim of his own words after speaking in 2015 against Supreme Court appointments without the Senate's nod

    Law Professor Manuel García-Mansilla resigned from Argentina’s Supreme Court of Justice on Monday after just 39 days on his bench, following the Senate’s rejection of his nomination (51 against, 20 in favor), in addition to a controversial ruling from a lower court barring him from signing resolutions.

  • Tuesday, April 8th 2025 - 09:17 UTC

    Economists forecast Argentina's inflation to near 3%

    The REM did not include recent shakeups from Trump's tariffs

    Argentina's Central Bank's (BCRA) issue of the Market Expectations Outlook (Relevamiento de Expectativas del Mercado - REM) released Monday with data collected between March 27 and 31 among 39 experts raised the inflation forecast for last month to 2.6% from the previous 2.2%, which would represent an acceleration from January’s 2.2% and February’s 2.4%.

  • Tuesday, April 8th 2025 - 08:05 UTC

    Nobody interested in modernizing key bridge linking Argentina and Brazil

    The bridge handles 23% of the trade between Argentina and Brazil

    Brazilian authorities canceled the auction for the São Borja-Santo Tomé International Bridge due to a lack of bidders. The project -requiring a US$ 99 million investment over 25 years- sought to modernize the 15.62-kilometer structure with upgrades like new access lanes, parking areas, and improved lighting.

  • Monday, April 7th 2025 - 10:45 UTC

    Iran sacks VP over luxurious Patagonian cruise ship trip

    The sacked official claimed the luxurious Patagonian cruise trip stemmed from before holding public office

    Iranian President Masud Pezeshkian Saturday sacked Vice President Shahram Dabiri after a photo surfaced on Instagram of the latter and his wife on a luxurious trip to Antarctica aboard the cruise ship Plancius. An eight-day trip on that ship can cost around US$ 4,000 per person, it was reported.

  • Saturday, April 5th 2025 - 10:30 UTC

    Argentine financial markets record setback after Milei's failed mission

    With Milei's political backing on a slide, signs from Washington further deepened the president's plight

    Argentine financial markets experienced a sharp decline Friday amid the global economic storm triggered by a trade war between the U.S. and China following President Donald Trump’s tariffs spree. The market downturn, compounded by a nearly 7% drop in oil prices and a 10-year U.S. rate at 3.87%, reflects fears of a global economic setback, prompting expectations of Federal Reserve rate cuts.