Argentina

• Tuesday, June 19th 2018 - 08:35 UTC

  Argentina shores the Peso, stock market tumbles, ahead of 'Super Tuesday'

  

  Argentina's peso rose sharply on Monday as a new central bank chief took his first moves to shore up the battered currency, while escalating fears of a damaging trade war between the United States and China drove Latin American stocks down. The Argentine peso jumped after the central bank said it will hike bank's reserve requirements in a move expected to tighten local-currency liquidity after the latest run on the peso.

• Monday, June 18th 2018 - 11:14 UTC

  Uruguay chair of Mercosur, targets accord with China, exhausted of negotiations with the EU

  

  Uruguay will be handed the rotating chair of Mercosur this Monday in a brief summit ceremony to take place in Paraguay. Attending will be Brazil's Michel Temer, Uruguay's Tabare Vázquez, the host Paraguay Horacio Cartes and in representation of Argentina, vice president Gabriela Michetti. President Mauricio Macri is in the midst of a cabinet reshuffle and waiting for market reaction this Monday following the naming of a new Central Bank chairman.

• Monday, June 18th 2018 - 07:14 UTC

  Argentina's new minister suggests a US dollar between 28/29 Pesos as 'comfortable' for industry

  

  Argentina’s newly named Production Minister Dante Sica told a radio station on Sunday that an exchange rate of between 28 and 29 Pesos per dollar is “comfortable” for industry.Sica, an economist, was appointed on Saturday to replace Francisco Cabrera as part of a shake-up that also led to the appointment of a new central bank president and energy minister.

• Friday, June 15th 2018 - 06:56 UTC

  Forex run in Argentina: Macri appoints new Central bank president

  

  Argentine president Mauricio Macri appointed Finance Minister Luis Caputo as president of the central bank on Thursday, after the outgoing head of the bank resigned and acknowledged having lost credibility.

• Thursday, June 14th 2018 - 22:14 UTC

  IMF's Lagarde welcomes Argentina government’s economic policy plans

  

  Argentine authorities have asked to use US$7.5 billion of the US$50 billion financing deal signed with the International Monetary Fund to fund their budget, IMF Managing Director Christine Lagarde said in a statement. Argentina’s Finance Ministry said in a separate statement that the funds would be sold on the market through pre-announced daily auctions conducted by the central bank.

• Thursday, June 14th 2018 - 22:11 UTC

  Argentine president Macri was detected a benign pancreatic cyst: “a treatment is not necessary”

  

  Argentine president Mauricio Macri was detected a benign cyst in the pancreas, according to an official release from the Executive Office. The condition was discovered during a routine medical checkup last 23 May and following clinical studies including a magnetic resonance, the diagnosis was confirmed but a treatment is not necessary, although he will continue under medical monitoring.

• Thursday, June 14th 2018 - 21:23 UTC

  Legal abortion bill in Argentina faces an even steeper up hill in the Senate

  

  The lower house of Argentina’s Congress on Thursday narrowly passed a Bill to legalise abortion through 14 weeks of pregnancy after a tight vote on a proposal that has divided the South American nation.

• Thursday, June 14th 2018 - 06:16 UTC

  Falklands has decided on a preferred operator for a second commercial flight

  

  The Falkland Islands Executive Council agreed on Wednesday to appoint a preferred airline operator to provide the second midweek flight between the Falkland Islands and South America.

• Thursday, June 14th 2018 - 06:00 UTC

  Argentina's unions announce a one-day general strike to protest spending cuts

  

  Argentina's leading labor federation announced plans to stage a one-day general strike on June 25 to protest against government economic policies, raising pressure on President Mauricio Macri as he moves to speed up spending cuts to balance the budget.

• Wednesday, June 13th 2018 - 08:35 UTC

  A divided Argentine congress and society vote to decriminalize abortion

  

  Argentina's Lower House will vote on Wednesday a bill to decriminalize elective abortion without judicial authorization in the first 14 weeks of pregnancy. In Argentina abortion is only allowed when the mother's life is at risk or as a result of rape.