Economy

Tuesday, July 2nd 2019 - 09:49 UTC
ITUC: “IMF program in Argentina has failed to deliver on its promises”

One year since its start, it has become clear that the IMF program in Argentina has failed to deliver on its promises to fix the economy while protecting the most vulnerable. Despite the worsening economy, large human costs, and a significant downward adjustment of growth projections, the IMF is doubling down on its austerity approach and requiring additional spending cuts to meet budget targets.
Monday, July 1st 2019 - 09:58 UTC
Bolsonaro: EU/Mercosur agreement will take at least three years to come into force

Brazilian President Jair Bolsonaro said on Sunday that it could take up to three years for the free-trade deal agreed by the European Union and Mercosur to come into force, as it depends on approvals by lawmakers of all countries involved.
Monday, July 1st 2019 - 08:54 UTC
EU leaders can´t agree on the European Commission's top jobs

EU leaders are meeting in Brussels in a new effort to decide who should get the EU's top jobs, including a successor to Commission chief Jean-Claude Juncker. Centre-right leaders from the EU's biggest political group played down the chances of agreement on Sunday on a new Commission president.
Saturday, June 29th 2019 - 09:56 UTC
“Now I only have to recover Malvinas” says Argentine foreign minister after the milestone Mercosur/EU accord

“Now I only have to recover the Malvinas Islands” said Argentine foreign minister Jorge Faurie, following the trade and association agreement reached on Friday in Brussels between Mercosur and the European Union.
Saturday, June 29th 2019 - 09:55 UTC
EU and Mercosur reach historic agreement creating a 780 million people market

The European Union and Mercosur reached on Friday a political agreement for an ambitious, balanced and comprehensive trade agreement. The EU is the first major partner to strike a trade pact with Mercosur, a bloc comprising Argentina, Brazil Paraguay and Uruguay.
Saturday, June 29th 2019 - 08:46 UTC
US/China trade talks back on track, announces Trump. New tariffs on hold

United States president Donald Trump said trade negotiations with China were “back on track” after “excellent” talks on Saturday with his Chinese counterpart Xi Jinping in which Washington reportedly agreed to hold off on new tariffs.
Friday, June 28th 2019 - 09:50 UTC
IMF's financial deal with Argentina “harmful” and will be “reworked”, anticipates main opposition candidate

Alberto Fernandez, the main challenger to incumbent President Mauricio Macri in October elections, said on Thursday that if elected he would seek to “rework” Argentina’s huge financing deal with the International Monetary Fund, calling it “harmful.”
Friday, June 28th 2019 - 09:22 UTC
Argentine president Macri meets IMF's Lagarde at the G20 summit in Japan

The IMF through its spokesperson at its daily press meeting confirmed that Managing Director Christine Lagarde and her deputy David Lipton effectively met with Argentine president Mauricio Macri, and Economy minister, Nicolás Dujovne at the G20 summit in Osaka, Japan.
Thursday, June 27th 2019 - 15:10 UTC
Argentina's shale boom at Vaca Muerta seems to be finally taking off

By Tsvetana Paraskova for Oilprice.com - After years of drilling and development and billions of U.S. dollars of investment, Argentina’s vast shale play Vaca Muerta has finally seen the first tangible results with the first exports of light crude oil and liquefied natural gas (LNG) from the resource-rich formation.
Thursday, June 27th 2019 - 14:54 UTC
Argentina trade surplus for nine months running, but imports in May drop 28%

Argentina's trade surplus in May reached US$ 1.373m, the highest in five years and a record nine months running with positive results, reported on Wednesday the country's stats office, Indec.