Economy

Friday, October 26th 2018 - 07:38 UTC
Argentina expects final approval of 2019 budget by mid November

Lawmakers in Argentina’s lower house of Congress approved on early morning Thursday an unpopular austerity budget designed to meet the stiff requirements of a US$57.1 billion International Monetary Fund bailout.
Friday, October 26th 2018 - 00:48 UTC
Dujovne foresees Argentina's October inflation “will be bad”

Argentina's Finance Minister Nicolás Dujovne Tuesday admitted October's inflation “will be bad” due to the September carryover. But he expected “a clear drop” for November.
Thursday, October 25th 2018 - 21:31 UTC
Faurie in London: “Argentina is building institutions”

Argentina’s Foreign Minister spoke at a conference in Chatham House about the political and economic changes happening in Latin America.
Thursday, October 25th 2018 - 06:59 UTC
Puerto Madryn is expecting 39 cruise calls this 2018/19 season

Puerto Madryn in the Patagonia province of Chubut, and one of three Argentine ports operating with cruise vessels is expecting to receive 39 calls this 2018/19 season, totaling some 59.000 visitors and 28.000 crew members.
Thursday, October 25th 2018 - 06:10 UTC
Riots outside, and insults inside as Argentine Congress discusses austerity budget

Protesters opposed to proposed austerity measures clashed with police outside Argentina's Congress on Wednesday as lawmakers discussed next year's budget. Dozens of people threw rocks while police in riot gear responded with rubber bullets and water cannons. Local television said that at least twenty-seven people have been detained but there were no confirmed reports on injuries.
Wednesday, October 24th 2018 - 12:50 UTC
Mapuche demands freeze Chinese wind energy project for Bariloche

A Chinese renewable energy investment in Patagonia was halted after no agreement could be reached with the small mapuche community living where the wind turbines were going to be installed.
Wednesday, October 24th 2018 - 08:56 UTC
EC tells Italy to revise its budget but ruling populists vow to go ahead with electoral promises

The European Commission has told Italy to revise its budget, an unprecedented move with regard to an EU member state. EC is worried about the impact of higher spending on already high levels of debt in Italy, the Euro zone's third-biggest economy.
Wednesday, October 24th 2018 - 08:55 UTC
Trump-Xi summit in Buenos Aires next month announced the White House

President Trump and his Chinese counterpart Xi Jinping will meet at the G-20 summit in Argentina next month, the White House announced on Tuesday, amid an escalating trade war between the world’s two largest economies. The G-20 Summit, comprising top 20 economies of the world, including India, is scheduled to take place in Buenos Aires in Argentine on November 30 and December 1.
Wednesday, October 24th 2018 - 08:55 UTC
Falklands' calamari catches this year among the most productive

The Falkland Islands calamari, Loligo, season has been one of the best in recent years with catches totaling some 78.913,81 tons, which represents a 25% over the previous season, according to reports in the Galician media, and confirmed by the Islands Natural Resources Department.
Wednesday, October 24th 2018 - 08:40 UTC
Argentine Peso slips on Tuesday; central bank sells debt notes at a rate of 71.39%

Argentina’s peso slipped on Tuesday, a day after the central bank’s new governor reassured the public that its approach to taming the country’s rocky economy would be sustainable over the medium term. The peso closed 0.46% weaker at 36.65 per U.S. dollar. The currency has fallen 0.30% against the dollar this week, although it has climbed 12.63% since the beginning of the month.