Argentina

• Saturday, January 19th 2019 - 09:22 UTC

  Extreme wet January displaces thousands and floods farmland in Mercosur member countries

  

  Intense rainfall in northeast Argentina and neighbouring areas in Mercosur members has caused devastating floods, amplifying the economic burdens of Argentina's recession. Over 5,000 people have evacuated the region, and millions of hectares of crops have been sent underwater.

• Saturday, January 19th 2019 - 09:18 UTC

  Argentina/China companies link up to launch satellites for an Earth-observation constellation

  

  An international space venture called Satellogic says it will have 90 satellites launched by a Chinese company to create an Earth-observing constellation. The first launch by the China Great Wall Industry Corp. under the newly announced deal, scheduled for later this year, will deliver 13 satellites to low Earth orbit on China’s Long March 6 rocket, Satellogic announced in a news release.

• Saturday, January 19th 2019 - 09:13 UTC

  Argentina complies with IMF 2018 primary fiscal deficit target: 2.4% of GDP

  

  Argentina outperformed its primary fiscal deficit target for 2018, Economy Minister Nicolas Dujovne said on Friday, assuring that the country’s standby finance deal with the International Monetary Fund remains on track.

• Friday, January 18th 2019 - 10:04 UTC

  Wholesale prices in Argentina reach 73.5% in 2018; Peso rallies 10% in the midst of recession

  

  Wholesale prices in Argentina shot 73.5% higher in 2018, government data showed on Thursday, the fastest rate since 2002 when they climbed 118% during an economic crisis that tossed millions of middle-class Argentines into poverty.

• Thursday, January 17th 2019 - 07:42 UTC

  Bolsonaro and Macri agree to “review and perfect” Mercosur, and advance trade talks with EU

  

  Brazil’s president Jair Bolsonaro and Argentina’s president Mauricio Macri said they agreed to continue integrating their economies (number one and two in South America), as strategic partners, by “perfecting” the Mercosur trade block and pressing ahead with negotiations that are already underway, such as the ongoing free trade and cooperation agreement with the European Union.

• Wednesday, January 16th 2019 - 09:31 UTC

  Hanta virus outbreak in a Patagonia Chubut province town

  

  Argentina's northern province of Jujuy has reported a first case of a patient suffering of the hanta virus contagion. The report is considered very serious since in the Patagonian province of Chubut there have been several deaths and some 85 residents of a town are in quarantine to stop the spread of the virus contagion.

• Wednesday, January 16th 2019 - 09:03 UTC

  A “Malvinas Heroes” library to the opened at the End of the World lighthouse

  

  An Argentine yacht with a crew of five, one of them a survivor of the sinking of ARA General Belgrano during the Falklands conflict have left Bahia Blanca for Ushuaia and then on to the End of the World Lighthouse at the Isla de los Estados, where they plan to open a library under the name of “Malvinas Heroes”.

• Tuesday, January 15th 2019 - 11:07 UTC

  UK Ambassador in BA: “Argentines are unique”

  

  The United Kingdom's ambassador in Buenos Aires celebrated his birthday Monday harassed by his social media fans and followers, who kept him busy thanking each one.

• Tuesday, January 15th 2019 - 09:23 UTC

  Macri praises Chinese investment in hydropower projects in Patagonia

  

  Argentina's president Mauricio Macri on Monday said the joint Argentina-China hydropower megaproject is “highly important” and “emblematic” in terms of renewable energy and economic development. Macri made the remarks during his first official visit to the construction site of the project, where two hydroelectric dams, Condor Cliff and La Barrancosa, are being erected along the Santa Cruz River in Patagonia to boost national energy output.

• Tuesday, January 15th 2019 - 09:12 UTC

  Argentina sued again by hedge fund on bonds tied to GDP growth

  

  Aurelius Capital Management LP, one of the lead hedge funds that settled a massive litigation over defaulted bonds with Argentina in 2016, is suing the country again, this time over US$ 84 million in payments it says the nation owes. The case is Aurelius Capital Master Ltd. v. the Republic of Argentina, 19-cv-351, U.S. District Court, Southern District of New York (Manhattan).