Tag: Argentina

• Friday, August 31st 2018 - 09:16 UTC

  Brazil contains the value of its currency with a US$ 1.5 billion support

  

  The economic and foreign exchange crisis in Argentina and the growing uncertainties in the political scenario of Brazil ahead of October's presidential election also had an impact in the Brazilian currency and markets, forcing the Central bank to come out with a US$ 1.5bn support.

• Friday, August 31st 2018 - 08:06 UTC

  Bargain shopping for oil companies in Buenos Aires stock market

  

  While the foreign exchange market in Argentina experienced a chaotic Thursday with no ceiling for the US dollar as locals dumped their Argentine pesos, the Argentine stock market witnessed another strong increase with the Merval index up 5.3% reaching 26.754,85 points, boosted mainly by the oil industry stocks.

• Thursday, August 30th 2018 - 09:11 UTC

  Macri addresses the nation; IMF pledges more support but Peso falls 7%, a record 34 to the US dollar

  

  Argentina's Peso suffered its biggest one-day slide in almost three years on Wednesday after the central bank sold reserves for a second straight day and the president asked the International Monetary Fund for early release of standby funds.

• Thursday, August 30th 2018 - 09:10 UTC

  Argentina aims to double shale gas production in five years

  

  Argentina re-launched a one-year-old agreement between the government, companies and workers to drive competition and spur development in the Vaca Muerta shale play, the government said in a statement.

• Wednesday, August 29th 2018 - 08:48 UTC

  US dollar hits a new record in Argentina despite auctioning US$ 200 million

  

  Argentina’s central bank auctioned a total of US$ 200 million of its reserves in two separate currency auctions on Tuesday after the peso hit new lows, the monetary authority said in a statement.

• Wednesday, August 29th 2018 - 08:45 UTC

  Argentina's beef exports expected to double this year boosted by China's purchases

  

  Argentina's beef exports could double in 2018 for a total of US$ 1.8 billion thanks to increased Chinese demand and a sharp devaluation of the peso currency, according to analysts and industry experts.

• Tuesday, August 28th 2018 - 09:02 UTC

  Argentine economy expected to contract 1% this year and rebound 1.5% in 2019

  

  Argentina’s economy is expected to contract 1% in 2018, but grow by at least 1.5% next year, Minister Nicolas Dujovne told reporters on Monday. Dujovne said the government was maintaining its fiscal deficit target of 2.7% of GDP for full-year 2018. The government also expects a current account deficit of 3% of GDP in 2019, he said.

• Tuesday, August 28th 2018 - 08:41 UTC

  Ocean Infinity seabed survey company to begin looking for ARA San Juan next month

  

  United States based seabed survey company Ocean Infinity hopes to begin searching for the missing Argentine submarine ARA San Juan (S-42) in September. The announcement was made by Argentine defense minister Oscar Aguad.

• Tuesday, August 28th 2018 - 07:14 UTC

  US has offered to collaborate with the Argentine investigation of “K corruption notebooks”

  

  According to Buenos Aires daily Clarin, United States authorities have offered to collaborate with Argentine President Mauricio Macri’s government in the ongoing “K notebook scandal” by providing confidential information on a number of US bank accounts used to hold alleged Kirchner bribe money.

• Monday, August 27th 2018 - 08:31 UTC

  Files on Judges and political enemies found at Cristina Fernandez house in El Calafate

  

  A third day of search at ex president Cristina Fernandez' property in the Patagonian resort of El Calafate did not seem to deliver much in terms of money or valuables, despite a thorough inspection of the house, as part of the of a major corruption case involving Argentina's business elite and ex government officials.