Economy

• Tuesday, April 25th 2017 - 07:54 UTC

  Financial aid to Santa Cruz province, if a serious plan to put accounts in order is presented

  

  Buenos Aires said on Tuesday it was prepared to help financially Santa Cruz province, but demanded a “serious program” to put in order the regional government´s accounts, which has seen its basic services of education, healthcare and justice paralyzed because of months in arrears to staff.

• Monday, April 24th 2017 - 14:36 UTC

  Trump receives Argentine president Macri at the White House on Thursday

  

  Argentine and United States presidents Mauricio Macri and Donald Trump will be addressing bilateral trade, the Venezuelan situation, combating drugs and declassification of documents from the last dictatorship when they meet next Thursday at the While House, according to Chargé d'Affaires Thomas Cooney currently running the US embassy in Buenos Aires.

• Monday, April 24th 2017 - 08:42 UTC

  Temer insists that the corruption scandal won't paralyze Brazil

  

  President Michel Temer insists that a growing corruption scandal in his government will not paralyze Brazil as it struggles to emerge from its deepest recession in history. “Brazil doesn’t stop,” he said in an interview broadcast on Spanish television TVE ahead of a visit Monday by Spain’s Prime Minister Mariano Rajoy. “So it won’t be corrupt acts that paralyze the country.”

• Monday, April 24th 2017 - 07:05 UTC

  Euro jumps to a five-month high as French election results bring relief to investors

  

  The value of the Euro jumped to a five-month high, after the first round of voting in the French presidential election on Sunday. Results indicate that independent pro Europe pro deregulation Emmanuel Macron, and far-right Marine Le Pen are through to the final round.

• Sunday, April 23rd 2017 - 06:51 UTC

  UK government recovers the £20.3bn spent bailing out Lloyds Banking Group

  

  The £20.3bn spent bailing out Lloyds Banking Group during the financial crash has been re-paid in full, UK chancellor Philip Hammond has said. Nine years after the government bought 43.4% of Lloyds, the taxpayer has now got slightly more - £20.4bn - back.

• Saturday, April 22nd 2017 - 14:15 UTC

  IMF Lagarde calls for “growth friendly fiscal policies” and warns on automation

  

  The International Monetary Fund managing director Christine Lagarde said that to get the global economy moving at a faster pace it was necessary to share the benefits of capitalism, more global regulation and more action to protect workers against automation and robots.

• Saturday, April 22nd 2017 - 09:53 UTC

  Tear gas and rubber bullets to protect Cristina Fernandez surrounded by protestors in Rio Gallegos

  

  Argentine ex president Cristina Fernandez and her sister in law and governor of Santa Cruz province Alicia Kirchner, are holding in at their home in Rio Gallegos surrounded by an angry crowd in the midst of a chaotic situation as police try to disperse protestors with tear gas and rubber bullets.

• Saturday, April 22nd 2017 - 09:15 UTC

  ExxonMobil betting heavily in developing Argentina's Vaca Muerta shale gas

  

  ExxonMobil is planning to speed up investment plans for shale gas drilling in Argentina’s prized Vaca Muerta formation in the Neuquen province. Exxon will start drilling Vaca Muerta in May, by drilling horizontal wells with laterals of 2,500-3,000 meters, Neuquen province governor Omar Gutierrez said this week.

• Friday, April 21st 2017 - 10:18 UTC

  EU/Mercosur accord is expected to be announced at WTO assembly in Argentina next December

  

  An optimistic foreign minister Susana Malcorra said that Argentina expects the Mercosur/European Union trade agreement to be announced next December during the World Trade Organization meeting to be held in Buenos Aires, and which she described as an event of great political impact.

• Friday, April 21st 2017 - 10:08 UTC

  Trump administration plans to release major tax reform plan “very soon”

  

  United States Treasury Secretary Steven Mnuchin said on Thursday the Trump administration plans to release a “major tax reform” plan “very soon”. While the secretary has more recently backed away from meeting his own August deadline, Mnuchin's comments on Thursday reinforced his own commitment to finalize an overhaul of U.S. tax policy in 2017.