Argentina

• Thursday, October 8th 2020 - 09:00 UTC

  Leading Kirchnerite diplomat resigns and openly criticizes president Fernandez

  

  The resignation of the Argentine ambassador to Russia, Alicia Castro, in protest over the decision of the government of President Alberto Fernandez to condemn the Venezuelan regime for repeated human rights violations, “constitutes a dramatic turn in our foreign policy and does not differ at all with what would have been voted by ex-president Macri”.

• Tuesday, October 6th 2020 - 09:55 UTC

  Argentina with the highest rate of positive Covid-19 tests, according to Our World in Data

  

  Argentina has the world's highest rate of positive COVID-19 tests, according to Oxford-linked tracker Our World In Data, with nearly six out of 10 yielding an infection, a reflection of low testing levels and loose enforcement of lockdown rules.

• Monday, October 5th 2020 - 09:30 UTC

  Argentine navy second state of the art OPV, launched in France

  

  The Argentine navy second Ocean Patrol Vessel, OPV, named ARA Piedrabuena was launched last week in Piriou’s shipyards in Concarneau, France. This is the second of four OPVs acquired by the Argentine navy.

• Friday, October 2nd 2020 - 09:51 UTC

  IMF mission expected next week in Argentina, announced minister Guzmán

  

  Argentina's Economy Minister Martin Guzman said on Thursday that a mission from the International Monetary Fund will arrive in the country next week as the country looks to negotiate a new program with the organization.

• Friday, October 2nd 2020 - 09:05 UTC

  Argentina lowers export taxes on soy for three months, hoping farmers will sell their crops

  

  Argentina plans to temporarily cut soybean and soy meal export taxes by 3 percentage points to 30% to help stimulate export revenue as the country struggles with recession and dwindling foreign reserves, it was announced on Thursday.

• Friday, October 2nd 2020 - 09:01 UTC

  Argentine central bank will promote Chinese Yuan for foreign trade negotiations

  

  Argentina's central bank said on Thursday that it would allow a managed float of the peso currency and abandon its current “uniform daily devaluation” strategy as it seeks to adapt its monetary policy amid sharpening economic turmoil.

• Thursday, October 1st 2020 - 09:30 UTC

  Some 18 million Argentines, 40,9% of the population live in poverty, with prospects of worse times ahead

  

  Nearly half of Argentina’s population was living in poverty in the second quarter, a sharp increase from last year, as the country’s longstanding economic crisis deepened due to the coronavirus pandemic, researchers estimated on Wednesday.

• Thursday, October 1st 2020 - 09:22 UTC

  Quino, Argentine creator of the iconic comic strip Mafalda dies at the age of 88

  

  Quino, the creator of the comic strip Mafalda (1964 to 1973) passed away from natural cause on Sept. 30 at the age of 88. He was born in Mendoza, Argentina in 1932 as Joaquín Salvador Lavado Tejón, son of Spanish immigrants, and trained as an illustrator first by his uncle and then by a brief stint at the Fine Arts College of Mendoza.

• Tuesday, September 29th 2020 - 09:18 UTC

  Argentine cereal and oilseed exports stopped by grain inspectors' strike

  

  The labor union representing Argentine grains port workers said it would stage a 24-hour walk-off from midnight after failing to strike a deal on a collective work agreement with the business chamber that represents private port owners.

• Monday, September 28th 2020 - 09:31 UTC

  It’s time to dump Argentina’s Peso

  

  By Steve H. Hanke – In addition to facing an acute Covid-19 crisis, Argentina's deadbeat economy is collapsing, and, as usual, the inflation noose is around Argentines’ necks. Argentina’s official inflation rate for August 2020 is 40.70% per year. And, for once, Argentina’s official rate is fairly close to the rate that I calculate each day using high-frequency data and purchasing power parity theory, a methodology that has long proved its worth when compared with official statistics. Today, I measure Argentina’s annual inflation rate at 37%, but probably not for long — the noose is generally followed by the trapdoor.