Argentina

• Monday, May 7th 2018 - 09:28 UTC

  Argentina's storm: “Macri is not a political leader, he's a businessman”

  

  “President Macri is not a political leader, he's a businessman, that's why he doesn't like to come out on national television; he should come closer to the people, he should be more political and less technical”. The comment belongs to Jorge Lanata probably the most outstanding investigative reporter in Argentina, and who heads the hate list of ex president Cristina Fernandez.

• Monday, May 7th 2018 - 08:54 UTC

  British Embassy in Buenos Aires launches call for project bids for 2018

  

  The British Embassy is inviting all interested parties to submit their proposals for the British Embassy Buenos Aires Project Fund 2018. The British Embassy has been allocated program funds for UK financial year 2018/2019. The fund is part of the UK’s total Official Development Assistance (ODA) commitment of 0.7% of GNI.

• Monday, May 7th 2018 - 08:42 UTC

  Argentina Parana River returns to normal activity following release of grounded vessel

  

  Grains shipping on Argentina’s Parana River was returning to normal on Saturday after a ship ran aground on Friday, causing delays, the head of Argentina’s Chamber of Port and Maritime Activity said.

• 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.