Argentina's energy company YPF said on Monday its 2018 hydrocarbon production likely will fall by 3% to 4% on the year, more than previously expected, as low natural gas demand forces it to close wells and shift its focus to Vaca Muerta shale oil.
Argentine industrial activity plunged 11.5% year-on-year in September – the biggest drop in 16 years. The INDEC national statistics bureau said that manufacturing witnessed a fifth consecutive month of decline, following drops of 1.2% in May, 8.1% in June, 5.7% in July and 5.6% in August. It’s the biggest contraction since July 2002.
Argentine federal Judge Sebastian Casanello ruled lack of admissible evidence in the case involving ex president Cristina Fernandez de Kirchner and referred to the alleged laundering of money from public works contracts during the Kirchner couple's rule (2003/2015), better known as the route of the K money.
Several Latin American presidents and political activists are scheduled to hold the First Forum of Critical Thinking next week in Buenos Aires, just a few days before the G20 summit which this year in being hosted by Argentina and will convene the world's leaders.
Fuel retailer Axion cut down its prices by 3.2% in Argentina, in line with declines of both the US dollar exchange rate and the international oil barrell, it was reported Saturday. Other companies are expected to follow suit shortly.
Argentina last year chose to turn down a British offer of a minisub to search submarine ARA San Juan, it was reported Sunday. The then Navy Chief of Staff Admiral Marcelo Srur failed to convey the British offer December 5 last to Defense Minister Oscar Aguad, who confirmed the reports, according to the Buenos Aires daily Clarin.
Argentina’s central bank said it would nearly double its currency swap deal with China, bringing the total to 130 billion Yuan (US$ 18.7 billion), as Beijing looks to expand its influence in the recession-struck country. Central Bank President Guido Sandleris, who was in China finalizing the agreement, said that the deal for 70 billion Yuan would be expanded by 60 billion Yuan, according to a bank spokesman.
Argentina's biggest clubs Boca Juniors and River Plate meet in the most highly anticipated Copa Libertadores showpiece in history this Saturday as the Buenos Aires rivals clash in the first leg of a final that has captivated soccer fans. Argentina has been totally captivated in the days leading to the event, as conversations and media coverage dominate national attention.
Argentina is expected to harvest some 140 million tons of grain in the 2018/2019 season, the largest crop in the country's history, according to Argentina's Agriculture Secretariat.
The U.S. decision to review its tariffs on Argentine biodiesel could mean a reversal of fortune for exporters whose shipments from South America have been practically nil, the biodiesel chamber of Argentina said on Thursday.