Tag: Argentina

• Tuesday, September 25th 2018 - 08:37 UTC

  Argentina plans offshore licensing round in the South Atlantic next October

  

  Argentina plans to launch a delayed offshore licensing round in October as it seeks to explore a large frontier region in the South Atlantic for potential oil and natural gas production growth in the future. This was announced to oil executives in Houston by Argentina's energy secretary Javier Iguacel.

• Tuesday, September 25th 2018 - 06:59 UTC

  “Zero chance” Argentina will default on its debt next year, Macri tells bankers and investors

  

  President Mauricio Macri said on Monday that Argentina was close to a deal with the International Monetary Fund to bolster a US$ 50 billion credit line, while a government source said US$ 3-US$ 5 billion in additional funds could be announced this week.

• Tuesday, September 25th 2018 - 06:51 UTC

  Macri announced in New York that he will run for reelection next year

  

  Argentine president Mauricio Macri said on Tuesday in New York addressing a meeting with potential investors that he was prepared to run for reelection next year, and that there will be no change of course, “there is no plan B”.

• Monday, September 24th 2018 - 09:19 UTC

  Macri in New York to convince investors Argentina in on track to stability and address the UN assembly

  

  Argentine president Mauricio Macri is in New York where he is scheduled to address the United Nations General Assembly on Tuesday, but will also be holding a round of talks with business leaders and potential investors, plus granting interviews to key media outlets.

• Monday, September 24th 2018 - 08:16 UTC

  Almost two million Argentines out of a job in the second quarter of 2018

  

  Almost two million Argentines are without a job, more precisely 1,999,387 according to the latest unemployment report from the county's stats office, Indec. In effect unemployment rose in the second quarter to 9.6%, from 8.7% a year ago, making it the highest figure in twelve years.

• Saturday, September 22nd 2018 - 08:53 UTC

  Argentine Peso strengthened for the third straight day on Friday

  

  Argentina’s peso strengthened for the third straight day on Friday, driven by optimism that the government would sign a revised financing deal with the International Monetary Fund to include stricter fiscal measures and faster cash disbursements.

• Saturday, September 22nd 2018 - 08:30 UTC

  Argentina ready to launch a satellite to monitor natural disasters and soil moisture

  

  Argentina is launching a new microwave imaging satellite to monitor natural disasters and soil moisture, in a long-term bid to bolster the farm sector, an industry that has historically been the backbone of the country’s economy.

• Friday, September 21st 2018 - 09:32 UTC

  Argentine Peso recovers strongly and with no support from the Central bank

  

  The Argentine Peso reacted strongly against the US dollar on Thursday following on an abundant private supply of greenbacks to satisfy demand, which kept the Central Bank out of the market for the first time since the beginning of the month. The dollar fell 2.8% and ended trading below 39 Pesos.

• Friday, September 21st 2018 - 08:47 UTC

  Argentine Peso at an equilibrium point, says head of Central bank

  

  Argentina’s central bank now sees the Peso at an equilibrium level, chief Luis Caputo told market participants who attended a meeting with him on Thursday. The statement comes after two days of strengthening by the peso following a rout that sent it to a record intra-day low in late August.

• Friday, September 21st 2018 - 08:24 UTC

  Argentine stock market booming with new highs for seventh day running

  

  The Argentine stock market is booming and on Thursday confirmed its seventh day running increase as investors are flocking encouraged by an imminent accord between the president Mauricio Macri administration and the IMF for a new loan package including reforms and a balanced budget in the next 18/24 months.