Economy

• Tuesday, December 31st 2019 - 13:15 UTC

  On request from Alberto Fernandez, YPF rolls back a 5% increase in fuel prices

  

  Argentine president Alberto Fernandez asked the state-managed oil company YPF to roll back a 5% increase on fuels scheduled to become effective, January first, and which would have a major impact on inflation and food prices.

• Tuesday, December 31st 2019 - 13:10 UTC

  Argentina will honor payments this week of bonds totaling some US$ 850 million

  

  The Argentine government announced that this week it will honor payments of some US$ 850 million, which correspond to two different sovereign bonds, one of them a century maturing bond issued in 2017 during the administration of ex-president Mauricio Macri.

• Monday, December 30th 2019 - 09:56 UTC

  Argentine president manages an all encompassing Social Pact, but farmers did not show up

  

  Argentine president Alberto Fernandez together with business people, union leaders and representatives from social groupings launched the social pact, called “Argentine commitment for development and solidarity”, with the purpose of achieving long term consensus that goes beyond a presidential mandate (four years), and includes “shared goals which can be crystallized in different chapters”

• Saturday, December 28th 2019 - 09:55 UTC

  Argentina will continue to honor its debt, and has cleared all 2019 payments

  

  The Argentine government will continue to honor its debt while it works to reach an agreement with creditors, both the IMF and private bond holders, with the purpose of refinancing commitments and achieve a long term sustainable path for the payments, according to sources from the Economy ministry.

• Saturday, December 28th 2019 - 09:53 UTC

  Argentine farmers back on the roads protesting export duties

  

  Argentine farmers from the central provinces of Cordoba and Santa Fé are back on the roads to protest the latest raft of export duties on agriculture produce and overall increase in taxes established by the recently sworn in administration of President Alberto Fernandez.

• Saturday, December 28th 2019 - 09:49 UTC

  In a surprising move, Argentine members of Congress freeze their salaries and allowances for 180 days

  

  In a surprising decision and probably for the first time in Argentina history, the two chambers of Congress agreed to freeze their salaries for the next 180 days, that is until the end of June.

• Saturday, December 28th 2019 - 09:48 UTC

  Argentina's unemployment in the third quarter rose to 9.7%

  

  Argentina’s unemployment rate rose to 9.7% in the third quarter versus 9.0% in the same period last year, marking one of the highest rates recorded in recent years, the official INDEC statistics agency said.

• Saturday, December 28th 2019 - 09:22 UTC

  French transport strike enters fourth week with unions pledging to press on

  

  The head of a hard-line French trade union on Friday vowed to press on with a crippling strike that has cast a shadow over Christmas celebrations, with the stoppages entering a fourth week and becoming the longest-lasting such action since the 1980s.

• Friday, December 27th 2019 - 09:55 UTC

  IMF mission expected in Argentina any moment; Fernandez expects to reach an accord by March 31st

  

  Argentine president Alberto Fernandez revealed to media accredited at Government House, Casa Rosada, that in the coming days an IMF mission is scheduled to arrive in Buenos Aires to address economic issues.

• Friday, December 27th 2019 - 09:45 UTC

  Good news and bad news for Punta Arenas tourism industry

  

  Good news and bad news for the tourism industry of Punta Arenas in the extreme south of Chile. The good news is that this Friday some 3.150 cruise visitors are expected to land in the city, they are passengers from the Norwegian Star and the Viking Jupiter, each contributing with 2.348 and 800 pax.