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MercoPress, en Español

Montevideo, November 26th 2024 - 08:55 UTC

Tag: Argentina

  • Monday, May 7th 2018 - 08:54 UTC

    British Embassy in Buenos Aires launches call for project bids for 2018

    The British Embassy in Argentina has been allocated program funds for UK financial year 2018/2019.

    The British Embassy is inviting all interested parties to submit their proposals for the British Embassy Buenos Aires Project Fund 2018. The British Embassy has been allocated program funds for UK financial year 2018/2019. The fund is part of the UK’s total Official Development Assistance (ODA) commitment of 0.7% of GNI.

  • Monday, May 7th 2018 - 08:42 UTC

    Argentina Parana River returns to normal activity following release of grounded vessel

    The cargo ship Pilatus Venture, en route to Australia, was stranded on Thursday about 85 km south of Rosario on the Rio Parana

    Grains shipping on Argentina’s Parana River was returning to normal on Saturday after a ship ran aground on Friday, causing delays, the head of Argentina’s Chamber of Port and Maritime Activity said.

  • Monday, May 7th 2018 - 08:29 UTC

    Argentina and China among the most vulnerable markets, says IIF

    Experts reevaluated potential changes in investors’ interest in assets amidst the strengthening of the U.S. dollar, growth of interest rates and trade disputes.

    The markets of China, Ukraine, Argentina, South Africa and Turkey are the most vulnerable among all developing countries in terms of financing needs, reserve adequacy, asset valuation, institutional quality and trade resilience, according to a review by the analysts of the Institute of International Finance (IIF).

  • Saturday, May 5th 2018 - 07:24 UTC

    Argentina hikes benchmark rate to 40%, easing pressure on the Peso but not on inflation

    Analysts said the move suggested the Central Bank had done enough for now to stabilize the peso.

    Argentina's Central Bank on Friday hiked its benchmark interest rate to 40% to support the peso, the third such hike in just over a week and one day after the currency plunged in value. Following the decision, the peso -- which has lost more than 10% of its value in the past month -- opened 6% higher against the dollar.

  • Friday, May 4th 2018 - 09:00 UTC

    Argentine Peso tumbles 7.83% to US dollar; central bank raises rate to 33.25%

    The Peso tumbled 7.83% to 23 per U.S. dollar. It had hit 21.2 (23,5 in some banks) to the greenback on Wednesday. The central bank hiked the rate to 30.25% from 27.25% on Friday.

    Argentina’s central bank raised its benchmark interest rate by 300 basis points to 33.25% percent on Thursday, but the second steep rate increase in less than a week failed to stop the country’s peso currency from swooning to a record low. The local currency tumbled 7.83% to 23 per U.S. dollar. It had hit 21.2 to the greenback on Wednesday, the first trading day due to a holiday after the bank hiked the rate to 30.25% from 27.25% on Friday.

  • Thursday, May 3rd 2018 - 08:39 UTC

    Lack of investor confidence sees the Argentine Peso fall 3.11% against the dollar

    The central bank sold about US$ 400 million in the foreign exchange market as of early Wednesday afternoon, traders said

    Argentina’s peso currency closed down 3.11% on Wednesday at an all-time low of 21.2 per U.S. dollar, even as the central bank continued selling dollars to try to halt the slide of the local currency, traders said. The currency’s sustained weakening showed a lack of investor confidence in Latin America’s third largest economy, which is blighted by one of the world’s highest inflation rates.

  • Thursday, May 3rd 2018 - 08:22 UTC

    Pope sends a greeting message to “Mothers of Plaza de Mayo” on their 41st anniversary

    The Pope’s greeting was addressed to Ana María Careaga, daughter of one of the founders of the association, Esther Ballestrino de Careaga

    Pope Francis sent an audio message for the 41st anniversary of the “Madres de Plaza de Mayo” (Mothers of Plaza de Mayo), who protested against the disappearance of their children during the Dirty War (1976-1983) of Argentina’s military dictatorship.

  • Tuesday, May 1st 2018 - 10:05 UTC

    Argentina creates an Antarctica Joint Command, under Defense guidance

    AJC will do the planning, management and execution of the maintenance and functioning of the Argentine bases and stations

    Argentina has created the Antarctica Joint Command, which will operate under the orbit of the Ministry of Defense and be responsible for conducting operations in Antarctica, and areas of interest, in a continuous and permanent way.

  • Monday, April 30th 2018 - 09:04 UTC

    Last round of EU/Mercosur “useful”, but key issues remain to be resolved

    Talks ended earlier than expected, with Argentina and Uruguay leaving the table due to what they saw as a lack of decisiveness from Brazil and the EU.

    The European Union and Mercosur have made some progress on how to open their markets to cars, but ended free trade talks in Brussels on Friday with finger-pointing about who was holding up a deal. The EU and the Mercosur bloc of Argentina, Brazil, Paraguay and Uruguay began on-off negotiations towards a trade alliance in 1999, with a fresh impetus since 2016.

  • Monday, April 30th 2018 - 08:30 UTC

    Major wind and flash rains storm hits Buenos Aires: two dead and 100.000 homes with no power

    Strong wind gusts forced the collapse of a roof at a parking lot crushing some 18 vehicles, and a dining room catering for 140 children was completely flooded

    A man and his teenage son died with electrocution during a storm that struck Buenos Aires City and the metropolitan area on Sunday dawn and morning. Winds blowing at over 130 kilometers and massive rainfall, 120 millimeters, caused the collapse of roofs and publicity billboards, trees and lamp posts were knocked down, plus extensive flooding and power cuts that affected thousands of clients. An estimated 2.500 people had to be evacuated and even more had to abandon their homes.