Tag: Argentina

• Thursday, September 20th 2018 - 06:50 UTC

  Argentina's economy contracts 4.2% in second quarter: severe drought blamed

  

  Argentina's economy contracted sharply in the second quarter after a severe drought roiled agricultural production and as the country works with the International Monetary Fund to stem spiraling inflation and control government finances.

• Wednesday, September 19th 2018 - 09:07 UTC

  Cristina Fernandez denies any hidden cash or values: “they can dig up all of Patagonia”

  

  Argentina's ex-President Cristina Fernandez said on Tuesday that she never received corrupt payments and challenged investigators to scour her home region of Patagonia if they believed she had hidden cash, a day after she was indicted on graft charges.

• Wednesday, September 19th 2018 - 09:05 UTC

  Argentine Peso slid on Tuesday but the Merval stock market climbed a strong 3%

  

  Argentina’s central bank sold US$ 261 million in reserves on Tuesday, the monetary authority said in a statement announcing its latest intervention in the foreign exchange market aimed at easing the fall of the local currency.

• Tuesday, September 18th 2018 - 08:24 UTC

  Judge indicts ex president Cristina Fernandez and asks for her arrest

  

  An Argentine federal judge indicted former President Cristina Fernandez on Monday and asked for her arrest for allegedly heading a corruption scheme that collected bribes from business leaders in exchange for public work contracts.

• Tuesday, September 18th 2018 - 06:56 UTC

  Argentine Peso recovers on an IMF support message and budget presentation to Congress

  

  Argentina's battered Peso currency inched higher and the risk of its bonds defaulting declined after the government unveiled its budget plan and the IMF said “important progress” had been made on revamping the country's standby loan agreement.

• Monday, September 17th 2018 - 08:44 UTC

  UK/Argentina hold antimicrobial resistance scientific seminar in Buenos Aires

  

  Scientists from different British universities, Argentine researchers and representatives of the organizing agencies took part this week in Buenos Aires in a seminar organized jointly by the Biotechnology and Biological Sciences Research Council (BBSRC) and the Natural Environment Research Council (NERC) from the UK, and the National Council for Scientific and Technical Research (CONICET) of Argentina.

• Monday, September 17th 2018 - 08:12 UTC

  International support for Argentina's general strike against IMF austerity measures

  

  The International Trade Union Conference, ITUC’s affiliates in Argentina, CGT, CTA-A and CTA-T have announced a general strike for 24-25 September in opposition to expected sweeping austerity measures being developed by the government and the International Monetary Fund.

• Friday, September 14th 2018 - 09:28 UTC

  Argentine currency drops to a new record low of 39.90 pesos to the US dollar

  

  Argentina's peso currency fell 3.51% on Thursday to close at a new record low of 39.9 per U.S. dollar, as market confidence ebbs away despite President Mauricio Macri's efforts to reassure investors. Dollar demand had risen on Thursday due to high liquidity sparked by an auction of treasury notes, traders said.

• Friday, September 14th 2018 - 09:18 UTC

  Argentine inflation in August rose 3.9%, and 34.4% in twelve months

  

  Argentina says consumer prices rose 3.9% in August, the highest rate so far this year. That brings the 12-month nationwide inflation rate to 34.4%, one of the world's highest.

• Thursday, September 13th 2018 - 10:39 UTC

  IMF team in Buenos Aires for talks on the standby loan package

  

  Officials from the International Monetary Fund are in Argentina as part of talks to strengthen and accelerate a crisis loan package, the global lender said Wednesday. The IMF and Buenos Aires agreed in June on a three-year, US$50 billion rescue lending programme but Argentina has since asked for a more rapid disbursement.