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MercoPress, en Español

Montevideo, November 26th 2024 - 04:48 UTC

Tag: Argentina

  • Monday, July 9th 2018 - 07:08 UTC

    “Argentina on the rocky road to recession”, anticipates The Economist

    Frustratingly for president Macri, Argentina’s travails are, in part, a consequence of his efforts to put the economy on a firmer footing.

    On a residential street corner in Buenos Aires, Van Koning Market sells imported beers to the city’s well-heeled. Since it opened in June last year costs have soared. The peso has plummeted, meaning wholesale prices have shot up. Inflation is running at 26%; the reduction of government subsidies means the monthly electricity bill has risen from 700 pesos to 4,000 pesos (US$ 142).

  • Thursday, July 5th 2018 - 08:10 UTC

    FIFA strongly rebukes Maradona's comments on the England/Colombia match

    FIFA says Maradona's “insinuations” were “entirely inappropriate and completely unfounded.”

    FIFA says it “strongly rebukes” comments made by its ambassador Diego Maradona criticising American referee Mark Geiger's handling of England's win against Colombia in the World Cup round of 16 on Tuesday. It's the third controversy involving the Argentina great at the World Cup, which he has mostly attended as a VIP guest of FIFA.

  • Thursday, July 5th 2018 - 06:24 UTC

    Argentina deregulates and eliminates minimum prices for domestic airfares

    Argentina’s Minister of Transportation Guillermo Dietrich said the administration will no longer set minimum prices for domestic airfares, starting on August 15.

    In an unexpected move, Argentina’s Minister of Transportation Guillermo Dietrich announced that national administration will no longer set minimum prices for domestic airfares, starting on August 15.

  • Wednesday, July 4th 2018 - 08:13 UTC

    Argentina reveals financial needs; stock market and the Peso rebound

    Stock markets rebounded, with benchmark Merval stock index closing up 7.38% on Tuesday. Bonds were also higher, with over-the-counter bonds up 1%

    Argentina will need to raise a net US$ 8 billion in the domestic debt market in 2019 to meet financing needs that include a US$ 7.4 billion primary deficit and US$ 25 billion in debt principal and interest payments, according to a Treasury Ministry document.

  • Tuesday, July 3rd 2018 - 08:08 UTC

    Shrimp landings in Argentine reach 68.000 tons

    According to the release of official records, until 21 June, 68,081 tons of shrimp had been unloaded, compared to 87,400 in the same period last year

    Shrimp (Pleoticus muelleri) landings in Argentina accumulated during the first half of this year are somewhat lower than those for the same period last year. According to the preliminary figures, up to 21 June, released by the Argentine Under-Secretariat of Fisheries, 68,081 tons had been unloaded, compared to about 87,400 tons landed between January and June 2017, which was a record year.

  • Tuesday, July 3rd 2018 - 07:33 UTC

    Argentina hikes bank reserves; Peso gains 1.9% vs the dollar and settles at 28.3

    President Mauricio Macri is trying to boost confidence after obtaining a record US$ 50 billion credit line from the IMF in the wake of the currency rout.

    Argentina's central bank said on Monday that it hiked bank reserve requirements by 3 percentage points, following a hike of three percentage points on June 18 as monetary policymakers seek to calm inflation and end a run on the peso currency. The Peso gained 1.9% on Monday against the dollar.

  • Tuesday, July 3rd 2018 - 07:26 UTC

    Argentina plans to free fuel prices starting in August

    Macri's pro-business government freed fuel prices last year, part of its efforts to unwind state controls on Argentina's economy

    Argentina will allow fuel retailers to freely set pump prices starting in August, according to an Energy Ministry official familiar with the plan, a move that could encourage badly needed investment in the nation's oil patch but risks worsening sky-high inflation and angering consumers.

  • Sunday, July 1st 2018 - 15:34 UTC

    Uruguay sends CR7’s Portugal home by 2-1

    Uruguay defeated Portugal 2-1 thanks to two goals by Edison Cavani who had to retire due to an injury

    Uruguay has passed this Saturday to the quarterfinals of the 2018 World Cup in Russia after beating Portugal 2-1.

  • Saturday, June 30th 2018 - 16:53 UTC

    Messi out of the World Cup: France beat Argentina 4-3

    For Argentina this is the farewell of a golden generation that led to three finals. SERGEI GRITS/AP

    Mbappé is the man of the day. The player of the Paris Saint Germain (PSG) was the great figure of the game in which France surpassed by 4-3 to Argentina and advanced to the quarters of the 2018 Russia’s World Cup. With two goals from Mbappé, one from Pavard and a penalty from Griezzman, the “Bleus” beat the Argentine selection. Di María, Mercado and Agüero where the authors of the Argentine goals.

  • Saturday, June 30th 2018 - 15:49 UTC

    Argentine Peso and equities end the week back on skid row

    The US dollar was trading at almost 30 Argentine Pesos on Friday afternoon until it finally closed at 28.85, with a daily depreciation vs the greenback of 2.53%

    After a week of relative stability, the Argentine peso slid more than 2.5% percent on Friday, as an economic crisis marked by high inflation, wobbly growth and an outflow of capital began to bite again.