Argentina

Thursday, April 26th 2018 - 08:59 UTC
Argentina receives 32 bids for six road projects totaling US$ 8 billion

Argentina announced it received 32 bids for six road projects requiring around US$ 8 billion in investment, in a big test of how public-private partnerships (PPPs) can help cash-starved Latin American governments beef up infrastructure.
Wednesday, April 25th 2018 - 08:59 UTC
Brazilian company buys Shell downstream assets in Argentina

Brazil’s Raizen Combustiveis SA agreed to buy downstream assets in Argentina from Royal Dutch Shell for US$ 950 million, according to a securities filing on Tuesday. Raízen Combustiveis, a joint venture between Brazil´s Cosan SA Indústria e Comércio and Shell, will have a 20% market share in fuel distribution in Argentina.
Wednesday, April 25th 2018 - 08:46 UTC
Argentina central bank holds benchmark rate at 27.25%; economy expands 4.7% in first two months

Argentina’s central bank held its benchmark interest rate at 27.25% on Tuesday, reiterating in a statement that high-frequency indicators suggested core inflation would remain high in April, but below March levels.
Wednesday, April 25th 2018 - 08:39 UTC
”Falklands (UK)” reference in Heineken H41 beer bottles condemned in Argentine social networks

Heineken brewery has been caught red handed with one of its beers' label referring to the disputed South Atlantic islands as “Falklands” and in brackets saying they belong to the United Kingdom, despite the fact the Dutch company is using Patagonian yeast.
Tuesday, April 24th 2018 - 23:21 UTC
Falklands: “Commercial and cultural office” in Stanley to promote Argentina, suggests ex diplomat

The Falklands population is crucial for any solution to the Argentine claim over the Islands given their overwhelming support from British public opinion (and political system), and its full integration with the 53-nation Commonwealth, according to Argentine ex diplomat Jorge Lidio Viñuela, considered an expert and militant on the issue of South Atlantic insular claims.
Tuesday, April 24th 2018 - 07:22 UTC
IMF forecasts Argentina will grow 2% this year because of the drought and fiscal shortcomings

The International Monetary Fund’s (IMF) World Economic Outlook update for April 2018 has reduced its expectations of growth for Argentina this year, and its projected annual inflation rate largely exceeds the 15% goal set by president Mauricio the Macri administration in December 2017.
Friday, April 20th 2018 - 09:23 UTC
Nazi submarine wreck off Denmark torpedoes theory that Hitler fled to Argentina

A missing World War Two U-boat—which has long been rumored to have carried Nazi leaders to South America as the Third Reich collapsed—has been found off the coast of Denmark. The U-3523 submarine, a cutting-edge vessel developed at the very end of the war, was discovered at a depth of around 400 feet, 10 nautical miles north of the Danish Coast, by researchers at Sea War Museum Jutland.
Friday, April 20th 2018 - 08:38 UTC
First shipment of Argentine lemons to the US in 17 years

Argentina sent its first shipment of lemons to the United States in 17 years, a few months after President Donald Trump authorized citrus imports from the country.
Thursday, April 19th 2018 - 10:07 UTC
President Macri recognized as first World Leader for Travel & Tourism

President Mauricio Macri of Argentina was recognized by the World Travel & Tourism Council (WTTC) at its first World Leader for Travel & Tourism. The recognition was announced at the opening ceremony of the 2018 WTTC Global Summit which is taking place on 18 and 19 April in Buenos Aires, Argentina.
Tuesday, April 17th 2018 - 08:14 UTC
Argentina's inflation hard to beat: “inflation has to fall a lot in May”

Argentina’s central bank would raise interest rates if inflation does not fall “a lot” beginning in May to a level consistent with its 2018 target for a 15% rise in consumer prices, central bank Governor Federico Sturzenegger said on Monday.