Argentina

Friday, December 6th 2024 - 10:23 UTC
Argentina's BCRA lowers basic interest rate again

Argentina's Central Bank (BCRA) announced Thursday a reduction in the basic interest rate (Nominal Annual Rate - TNA), from 35% to 32% while one for swaps will go down from 40% to 36%. The measure is effective as of Friday and impacts all fixed-term deposits.
Friday, December 6th 2024 - 10:00 UTC
Argentine Supreme Court says CFK must stand trial for AMIA bombing cover-up

Argentina's Supreme Court (CSJN) ruled Thursday that former President Cristina Fernández de Kirchner (CFK) and others should stand trial for signing a Memorandum of Understanding (MOU) with Iran, thus upholding a previous decision by a Federal Court of Appeals.
Thursday, December 5th 2024 - 09:10 UTC
Argentine Senator's arrest in Paraguay sparks political crisis in Buenos Aires

Argentine Senator Edgardo Kueider was arrested Wednesday in Paraguay after trying to get into the country with around US$ 200,000 and AR$ 600,000 (US$ 60,000) of undeclared cash. He was caught by Paraguayan authorities when trying to drive through the La Amistad bridge from Brazil.
Wednesday, December 4th 2024 - 09:54 UTC
Uruguayans do their shopping in Brazil to capitalize on surging US dollar

Uruguayan retailers in cities bordering Brazil have expressed concern after residents increased their tendency to shop abroad in the face of the recent rise in the US dollar. Meanwhile, duty-free shops are looking for strategies to cushion the drop in sales to the Brazilian public, amid fears of a surge in smuggling.
Wednesday, December 4th 2024 - 08:49 UTC
Argentina to charge non-resident aliens for medical care and college education

Argentina's Libertarian Government plans to reform the country's migration laws, including charging non-resident foreigners for medical attention and college tuition, among other initiatives, Presidential Spokesman Manuel Adorni announced Tuesday.
Wednesday, December 4th 2024 - 06:18 UTC
Frustrated Antarctica cruise, caused by mechanical issue, prompts protests and hunger strikes on board

A mechanical issue onboard a Swan Hellenic vessel led to the difficult decision to abandon Antarctica on a cruise whose very point was to visit Antarctica. When full refunds were not offered, hunger strikes began onboard, according to abundant cruise industry media.
Wednesday, December 4th 2024 - 06:11 UTC
Patagonian Shelf Waters Abloo in austral spring, NASA Earth Observatory

An austral spring 2024, a phytoplankton bloom off the coast of Argentina painted the waters blue and green. Blooms are common in the region this time of year, but clouds often block the view from above.
Tuesday, December 3rd 2024 - 10:33 UTC
What will the Mercosur summit discuss?

Montevideo will host the XLV Mercosur Summit on 5-6 December, bringing together South American leaders to discuss pressing regional issues. Outgoing Uruguayan President Luis Lacalle Pou will chair the meeting, along with Argentina's Javier Milei, Brazil's Luiz Inácio Lula da Silva and Paraguay's Santiago Peña. Uruguay's President-elect Yamandú Orsi will also attend.
Tuesday, December 3rd 2024 - 09:17 UTC
Argentine Senator wants federal intervention in his province

Argentine Senator Francisco Paoltroni went to Casa Rosada Monday to deliver a draft bill to President Javier Milei to impose a federal intervention in the province of Formosa and put an end to the neverending rule of Peronist Governor Gildo Insfran, who has turned the territory into virtually his private ranch: “There is no other institutional way”, the national lawmaker from Formosa explained through social media.
Monday, December 2nd 2024 - 10:12 UTC
Milei pushes for trade flexibility at Mercosur Summit, eyes U.S. agreement

Argentine President Javier Milei will attend the Mercosur summit in Montevideo on December 5-6, advocating for the bloc’s members to gain the freedom to sign independent trade agreements. This marks a departure from Mercosur’s traditional collective bargaining stance but stops short of proposing an exit from the bloc.