Argentina

Tuesday, July 24th 2018 - 05:23 UTC
Argentine military will be involved in domestic security issues, announces Macri

In a radical reform of Argentina's defense doctrine, President Mauricio Macri said on Monday he is removing a ban on military involvement in fighting crime, terrorist threats and other internal security issues. Macri said he will modify a 2006 decree that limited the armed forces to defense against attacks by another country.
Tuesday, July 24th 2018 - 05:11 UTC
Over 1.500 companies were operating in Argentina's mining sector in 2016

Argentina last polled its mining sector a decade ago but this month some results from a census carried out in 2016 were made public. The Indec document available online says that over 1,500 mining companies were operating in Argentina in 2016. Their extractive activities generated US$ 1,329 million while their processing activities generated US$ 2,386 million.
Tuesday, July 24th 2018 - 04:28 UTC
IMF underlined financial pressures risks for vulnerable emerging economies

The IMF urged that trade conflicts be resolved via international cooperation, without resorting to exceptional measures, and underlined the world economy is facing increasing risks especially financial pressures in vulnerable emerging economies and the return of sovereign risks in parts of the Euro area.
Monday, July 23rd 2018 - 07:29 UTC
G20 ministers warn trade tensions risk derailing global growth and call for greater dialogue

Finance ministers and central bankers from the world’s largest economies said on Sunday that heightened trade and geopolitical tensions risk derailing global growth and called for greater dialogue, according to the final communique of a G20 meeting.
Monday, July 23rd 2018 - 07:15 UTC
Top grades for Macri and his reform policies from IMF's Lagarde

Christine Lagarde, Managing Director of the International Monetary Fund, met with Argentina’s President Mauricio Macri, Finance Minister Nicolas Dujovne and Central Bank Governor Luis Caputo in the context of the Group of 20 Finance Ministers and Central Bank Governors meeting in Buenos Aires over the weekend.
Monday, July 23rd 2018 - 05:58 UTC
Hammond in Argentina iterates Falklands self determination and calls on Macri to address inflation and labor reform

The UK Government position is unchanged: only the Falkland Islanders have the right to determine their own political and economic future, stated Phillip Hammond in Buenos Aires where he attended a two-day G20 ministers meeting.
Saturday, July 21st 2018 - 07:43 UTC
Capital flight from emerging economies will be on the G20 table, anticipate Brazilian sources

At this weekend's G20 meeting in Buenos Aires, finance ministers and central bankers will address the economic situations threatening a number of emerging markets -- including host nation Argentina, which recently secured a US$50 billion IMF loan to try to stabilize its economy, after the peso plunged 35% between April and June.
Saturday, July 21st 2018 - 07:05 UTC
Global trade conflicts and protectionism in G20'agenda meeting in Buenos Aires

Global trade conflicts triggered by the protectionist policies of US President Donald Trump are set to dominate this weekend's meeting of Group of 20 finance ministers in Buenos Aires.
Friday, July 20th 2018 - 07:47 UTC
Latin American markets and currencies slide on fears of global trade war

World trade tensions pressured Latin America's major indexes on Thursday, falling in line with other global markets, after the European Union said it was preparing possible retaliatory measures if the United States imposes tariffs on EU cars. Brazil's Bovespa dropped 1.25%, and Argentina's Merval, 0.85%.
Friday, July 20th 2018 - 07:35 UTC
Argentina betting on a 2018/19 record wheat crop to spur the economy

A record wheat harvest expected in Argentina this year could arrive just in time to jumpstart the ailing country's economy in the fourth quarter, after growth has been hit by low investment, high inflation and a soy crop devastated by drought.