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MercoPress, en Español

Montevideo, April 27th 2025 - 23:06 UTC

Argentina

  • Thursday, May 2nd 2024 - 19:39 UTC

    Argentina's BCRA again lowers basic interest rates in less than one week

    It was the fifth cutdown since the Libertarian administration of President Javier Milei took office in December last year

    Argentina's Central Bank (BCRA) once again lowered the benchmark interest rate from 60% to 50%. It was the fifth cutdown since the Libertarian administration of President Javier Milei took office in December last year. Thus, yields from fixed-term deposits will fall monthly from the current 5% per month to 4.2% for an annual effective rate of 64.8%.

  • Thursday, May 2nd 2024 - 19:11 UTC

    Argentina: Drop in retail prices expected soon

    Caputo agreed with executives from the main supermarket chains that imported goods would help lower the retail prices

    In line with President Javier Milei's chainsaw politics to curb inflation, Argentine supermarkets expect a drop in retail prices shortly once imported items arrive to compete with local production as agreed upon with the Economy Ministry in March, it was reported in Buenos Aires.

  • Wednesday, May 1st 2024 - 23:50 UTC

    Mondino assured of China's support for Argentina's stance regarding Malvinas/Falkland issue

    Beyond China's old support regarding the Malvinas/Falklands controversy, Mondino's trip seems to have yielded almost no results

    Although Argentine Foreign Minister Diana Mondino had the near-impossible task of putting her country on good terms with China despite President Javier Milei's disparaging campaign comments, some common ground was reached this week as the South American diplomat reaffirmed the one-China principle and Beijing backed Argentina's claim to the Falkland/Malvinas Islands.

  • Wednesday, May 1st 2024 - 21:28 UTC

    Argentine unions ratify May 9 general strike against Milei's policies

    When the measure was announced, Argentina “was bad and now it is worse,” Daer (L) explained besides Moyano

    Argentina's main unions insisted Wednesday during the Labor Day demonstrations that the plans for the May 9 general strike against President Javier Milei's economic reforms that are affecting people's purchase power were “not in doubt.” Healthcare workers union leader Héctor Daer, who co-chairs the General Labor Confederation (CGT), also explained that “We are going to go ahead with the struggle plan that we have been developing. When the measure was announced, Argentina ”was bad and now it is worse.”

  • Tuesday, April 30th 2024 - 23:02 UTC

    Argentina's Lower House okays extra powers to President Milei

    The bill will next go to the Senate, where Milei's LLA lacks the strength to get automatic approval and would therefore have to exert a fair amount of political muscle

    Argentina's Lower House Tuesday agreed to grant President Milei on a temporary basis certain decision-making powers originally reserved by the Constitution to the Legislative Branch, it was reported in Buenos Aires. The neverending Parliamentary session also decided in favor of the partial and full privatization of several state-owned companies, among other topics included in the so-called “Omnibus Law” bill -formally the Bases Law draft that Milei regards as the starting point of his “chainsaw” economic policies.

  • Tuesday, April 30th 2024 - 20:32 UTC

    Transport strike to paralyze Argentina in repudiation of taxation reforms

    Between 8 am and 11 am on May 6, simultaneous workers assemblies will be held, thus affecting the transport services, Schmid explained

    As President Javier Milei's chainsaw economic policies begin to take shape following the approval at the Lower House of a series of reforms, many of the sectors to be affected by these changes announced Tuesday in Buenos Aires a nationwide air, land, and maritime transport strike for May 6.

  • Tuesday, April 30th 2024 - 19:22 UTC

    Argentina: Milei's chainsaw policies underway after Lower House's nod

    Milei thanked all the legislators who supported “our project”

    The shaping up of Argentine President Javier Milei's “chainsaw” economic politics kicked off this week with the broad approval by Congress' Lower House of the so-called “Omnibus Law” bill, also known for its formal name as the Bases Law: “It is a fundamental step to get Argentina out of the swamp,” Milei stressed on social media. The Basic Law bill has ten titles totaling 25 chapters.

  • Tuesday, April 30th 2024 - 10:42 UTC

    USCG James arrives in Argentina for cooperation maneuvers

    Milei and his entourage donned Coast Guard jackets to the event

    Donning Coast Guard (PNA) jackets, Argentine President Javier Milei, Security Minister Patricia Bullrich (Security), and Presidential Secretary Karina Milei participated Monday in the ceremony welcoming the US Coast Guard cutter James (WMSL 754) to Buenos Aires for joint actions with local forces to prevent illegal fishing in the Exclusive Economic Zone (EEZ) in the South Atlantic. The James will stay in Buenos Aires until Friday.

  • Monday, April 29th 2024 - 19:52 UTC

    JetSmart: Fate of Argentine national claiming to carry a bomb yet to be decided

    Paraguayan prosecutors might hand over the case to Argentine authorities given the aircraft's registration

    Paraguayan Prosecutors were still wondering Monday which course of action to take against the Argentine national who was arrested on Sunday when he claimed there was an explosive device in his luggage as he boarded a JetSmart flight bound for Buenos Aires.

  • Monday, April 29th 2024 - 14:45 UTC

    Negotiations for a Falklands third humanitarian project confirmed by UK ambassador in Argentina

    “I would call the humanitarian projects, basically the greatest achievement of our bilateral relation in recent years,” said British ambassador Kirsty Hayes

    Kirsty Hayes, British ambassador in Buenos Aires admitted that relations between Argentina and UK have been “complex”, and London has always made efforts to improve them, but ”there will be no sovereignty discussions on Falklands' sovereignty because what is most important is not our (British) perception or that of Argentina but the Falkland Islanders opinion.”