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MercoPress, en Español

Montevideo, November 24th 2024 - 15:32 UTC

Argentina

  • Friday, October 6th 2023 - 10:50 UTC

    Argentina not to pay IMF maturities until after the elections

    Inflation in Argentina “is expected to reach 120% year-on-year by the end of 2023,” the IMF said

    Argentina will pay maturities worth US$ 2.6 billion to the International Monetary Fund (IMF) after the Oct. 22 presidential elections, it was reported Thursday in Buenos Aires. However, US$ 1.28 billion was due Friday, another US$ 640 million on Oct. 12, while a third payment of US$ 673 million was scheduled for the last working day of the month.

  • Friday, October 6th 2023 - 10:40 UTC

    Argentina: Grim future for controversial politician Insaurralde

    Insaurralde filed an affidavit saying he had no foreign currency and then allegedly paid an US$ 20 million divorce settlement

    Things are going from bad to worse for former Buenos Aires Cabinet Chief Martín Insaurralde, whose scandal with high-profile escort Sofía Clerici on a luxury yacht off Marbella splashed Argentine Economy Minister and presidential candidate Sergio Massa's chances in the upcoming Oct. 22 elections.

  • Friday, October 6th 2023 - 10:36 UTC

    The sky is the limit for the “blue” dollar in Argentina

    Unofficial exchange parlors were raided by the authorities Thursday

    As underground exchange parlors were raided Thursday, the “blue” (a euphemism for “black market”) dollar soared against the Argentine peso, it was reported in Buenos Aires.

  • Friday, October 6th 2023 - 10:13 UTC

    Moody's foresees Argentina's future between bad and worse

    The “worsening scenario” is not expected to change much if a runoff, scheduled for Nov. 19, is needed

    Regardless of who becomes Argentina's next president as of Decf. 10, 2023, Moody's foresees inflation in the South American country next year will reach 350%. The rating agency's “baseline scenario” scenario also contemplates an economic contraction of 3.5% by 2023, followed by another 2.5% next year, with prices climbing up to 25% each month.

  • Thursday, October 5th 2023 - 09:20 UTC

    Blue dollar knows no ceiling in Argentina

    Since it was launched on May 22, the AR$ 2,000 bill lost around 66% of its value against the “blue” dollar

    The “blue” (a euphemism for “black market”) US dollar closed at AR$ 843 Wednesday after touching AR$ 850 at some point during the day, it was reported in Buenos Aires. The new quotation at the end of the day was AR$ 36 higher than Tuesday's and meant an AR$ 497 increase so far in 2023 after reaching AR$ 346 at the end of 2022. Hence, the new gap with the official exchange rate stood at 141.4%.

  • Thursday, October 5th 2023 - 08:48 UTC

    FIFA confirms 2030 World Cup to be staged in Spain, Portugal, and Morocco

    Football will be uniting six countries, the Domínguez said

    Football's governing body FIFA announced Wednesday that the 2030 World Cup will be returning to the continent where it all started a century before but after opening games in Argentina, Uruguay, and Paraguay, the rest of the event will be held in Spain, Portugal and Morocco.

  • Wednesday, October 4th 2023 - 19:03 UTC

    South America to host Football 2030 World Cup first round matches

    Montevideo' Centenario Stadium is where it all began in 1930

    Although there is no confirmation yet from football's governing body FIFA, there were clues Wednesday morning that the 2030 finals might be played under a format never seen before in the competition's history that will be celebrating 100 years then.

  • Wednesday, October 4th 2023 - 10:59 UTC

    How deep was Massa's candidacy dented by the Insaurralde scandal?

    Insaurralde is a political ally of Deputy Máximo Kirchner, despite not being a born and raised Kirchnerista. Hence the electoral relevance of the scandal.

    The extent of the damage caused by the so-called Insaurralde Scandal to the presidential candidacy of Argentina's Economy Minister Sergio Massa of the ruling Unión por la Patria (UP) front will not be known for certain until the Oct. 22 elections. The same will happen with Buenos Aires Governor Axel Kiciloff's reelection bid.

  • Wednesday, October 4th 2023 - 10:54 UTC

    Patricia Bullrich suggests recording criminals' conversations with lawyers although it is illegal

    “We're going to put it in the Penal Code,” said the presidential candidate, to which the interviewer replied, “They're going to kill you for that.”

    Argentine presidential candidate Patricia Bullrich, from the center-right coalition “Juntos por el Cambio,” proposed on Tuesday recording conversations between individuals, particularly between criminals and their lawyers. However, it is “illegal,” journalist Alejandro Fantino reminded her during an interview.

  • Wednesday, October 4th 2023 - 09:55 UTC

    Argentina: “Blue” dollar hits new all-time high

    The BCRA sold reserves Tuesday after 35 straight days of purchases

    The “blue” (a euphemism for “black market”) dollar rose AR$ 10 Tuesday and sold for AR$ 810, thus setting a new record, it was reported from Buenos Aires.