The Argentine peso climbed on Tuesday after the Central bank implemented a raft of measures to stabilize the volatile currency on Monday, including increasing the benchmark interest rate to 45% from 40% previously, and announcing it was offering markets US$ 500 million.
Argentina has suspended for six months its program of gradually cutting taxes on exports of soymeal and soyoil, the Treasury Ministry said in a statement on Tuesday, part of the government’s fiscal tightening program. International shipments of both soy products are currently taxed at 23%, lowered gradually from 32% in 2015, the statement said.
Argentina's peso hit an all-time low on Monday as Latin American currencies sank amid a broader sell-off in emerging markets that have been rattled by the Turkish lira's plunge.
Argentine ex president Cristina Fernandez over the weekend called on her followers not to accompany her on Monday when she attended the Court House to testify before Judge Claudio Bonadío in reference to the so called K corruption notebooks.
Former President Cristina Fernandez on Monday denied any wrongdoing following recent accusations that she was responsible for a corruption scheme involving public works contracts that has trapped many of Argentina's former officials and business elite.
Argentine ex president Cristina Fernandez has called on her followers not to accompany her when, this Monday, she gives testimony at the Court House before Judge Claudio Bonadío in relation to the so called “K notebooks”.
A report issued by the Forum for the Conservation of the Patagonian Sea and Surrounding Areas warns of the serious impacts that salmon and trout farming would have on the Argentine coast if the initiatives being considered by the federal government and the province of Tierra del Fuego are approved.
The British Embassy in Argentina has announced that applications for Chevening scholarships are now open until 6 November. The scholarships are awarded to candidates with proven leadership potential and a strong professional and academic background.
Pep Guardiola has rejected stories linking him to the vacant job as Argentina coach following the country's disappointing performance at the World Cup.
The Argentine government will allow companies whose officials are named in a corruption probe to continue work on existing projects and to bid for new ones. Contracts will be honored and companies won’t be punished for what employees may have done, Transport Minister Guillermo Dietrich said in an interview in Buenos Aires.