Argentina

• Monday, May 7th 2018 - 08:29 UTC

  Argentina and China among the most vulnerable markets, says IIF

  

  The markets of China, Ukraine, Argentina, South Africa and Turkey are the most vulnerable among all developing countries in terms of financing needs, reserve adequacy, asset valuation, institutional quality and trade resilience, according to a review by the analysts of the Institute of International Finance (IIF).

• Saturday, May 5th 2018 - 07:24 UTC

  Argentina hikes benchmark rate to 40%, easing pressure on the Peso but not on inflation

  

  Argentina's Central Bank on Friday hiked its benchmark interest rate to 40% to support the peso, the third such hike in just over a week and one day after the currency plunged in value. Following the decision, the peso -- which has lost more than 10% of its value in the past month -- opened 6% higher against the dollar.

• Friday, May 4th 2018 - 09:00 UTC

  Argentine Peso tumbles 7.83% to US dollar; central bank raises rate to 33.25%

  

  Argentina’s central bank raised its benchmark interest rate by 300 basis points to 33.25% percent on Thursday, but the second steep rate increase in less than a week failed to stop the country’s peso currency from swooning to a record low. The local currency tumbled 7.83% to 23 per U.S. dollar. It had hit 21.2 to the greenback on Wednesday, the first trading day due to a holiday after the bank hiked the rate to 30.25% from 27.25% on Friday.

• Thursday, May 3rd 2018 - 08:39 UTC

  Lack of investor confidence sees the Argentine Peso fall 3.11% against the dollar

  

  Argentina’s peso currency closed down 3.11% on Wednesday at an all-time low of 21.2 per U.S. dollar, even as the central bank continued selling dollars to try to halt the slide of the local currency, traders said. The currency’s sustained weakening showed a lack of investor confidence in Latin America’s third largest economy, which is blighted by one of the world’s highest inflation rates.

• Thursday, May 3rd 2018 - 08:22 UTC

  Pope sends a greeting message to “Mothers of Plaza de Mayo” on their 41st anniversary

  

  Pope Francis sent an audio message for the 41st anniversary of the “Madres de Plaza de Mayo” (Mothers of Plaza de Mayo), who protested against the disappearance of their children during the Dirty War (1976-1983) of Argentina’s military dictatorship.

• Tuesday, May 1st 2018 - 10:05 UTC

  Argentina creates an Antarctica Joint Command, under Defense guidance

  

  Argentina has created the Antarctica Joint Command, which will operate under the orbit of the Ministry of Defense and be responsible for conducting operations in Antarctica, and areas of interest, in a continuous and permanent way.

• Tuesday, May 1st 2018 - 09:40 UTC

  Rousseff in Buenos Aires to join Labor Day and launch a book on Lula

  

  Brazilian former president Dilma Rousseff will be joining May first Labor Day activities in Argentina, and participate of a special ceremony at the Argentine unions federation umbrella organization, CGT.

• Monday, April 30th 2018 - 08:30 UTC

  Major wind and flash rains storm hits Buenos Aires: two dead and 100.000 homes with no power

  

  A man and his teenage son died with electrocution during a storm that struck Buenos Aires City and the metropolitan area on Sunday dawn and morning. Winds blowing at over 130 kilometers and massive rainfall, 120 millimeters, caused the collapse of roofs and publicity billboards, trees and lamp posts were knocked down, plus extensive flooding and power cuts that affected thousands of clients. An estimated 2.500 people had to be evacuated and even more had to abandon their homes.

• Sunday, April 29th 2018 - 05:22 UTC

  Argentina increases basic rate 300 points to 30.25% to combat inflation

  

  Argentina's central bank surprised markets at the end of the week by jolting its key interest rate up to 30.25% from 27.25%, citing weakness of the local peso against the US dollar and vowing to act again if high inflation persists.

• Friday, April 27th 2018 - 08:40 UTC

  UK ambassador underlines how much Argentine/British relations have advanced

  

  British ambassador in Buenos Aires Mark Kent underlined how much Argentine/UK relations have advanced lately and in a brief speech mentioned football, artificial intelligence and Falklands/Malvinas, areas in which so much is shared by the two countries and how good will and humanitarian values can bring people together and overcome minor interests.