Argentina

Thursday, July 26th 2018 - 06:16 UTC
Argentina defense minister insists that Armed forces will not intervene in social conflicts

Defense Minister Oscar Aguad has rejected the idea that modifications to the Defense Bill will give Argentina's Armed Forces the power to intervene in social conflicts. He also underlined the military will not replace the Gendarmerie along the borders. The comments follow demands from the opposition to have Congress address the issue.
Wednesday, July 25th 2018 - 05:36 UTC
Argentina's stats office data reveals recession is round the corner

Argentina's economy shrank 5.8% in May versus the same month last year, government statistics agency Indec said on Tuesday, the second straight month of declines in a sign of looming recession and a possible GDP contraction in 2018.
Tuesday, July 24th 2018 - 07:00 UTC
EU waters down Mercosur expectations of a trade agreement next September

Despite EU and Mercosur countries remaining committed to reaching a trade agreement, the European Commission did not endorse the South American bloc’s target to reach an agreement by September, as substantial gaps remain between the two sides.
Tuesday, July 24th 2018 - 06:10 UTC
Argentine natural gas for Chile beginning next October

Argentina will begin exporting natural gas to Chile from October, the Argentine Energy Ministry said on Friday, following a meeting between the governments of both countries.
Tuesday, July 24th 2018 - 05:30 UTC
IMF's Lagarde forced to return to Buenos Aires

An American Airlines flight carrying International Monetary Fund Managing Director Christine Lagarde made an emergency landing in Argentina shortly after taking off from Buenos Aires’ Ezeiza airport on Sunday, several local media outlets reported.
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.