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MercoPress, en Español

Montevideo, November 26th 2024 - 17:25 UTC

Tag: Argentina

  • Saturday, January 13th 2018 - 07:58 UTC

    Argentine union leaders warn Macri, and forecast he may not end his mandate

    ”I recall that the unions were attacked by the military, by ex presidents Alfonsin and (Fernando) de la Rúa, and we know how they all ended”, said Barrionuevo.

    The Argentine government approach to the power challenge from strong unions has managed so far to have several of its leaders indicted for money laundering, fraud, racketeering and widespread corruption, including one who is jailed in neighboring Uruguay and which the Argentine justice expects to extradite.

  • Friday, January 12th 2018 - 10:50 UTC

    Argentina inflation reached 24.8% in 2017, well above central bank's target

    Hikes in prices for utilities, gasoline and transportation as the government cuts subsidies to reduce its wide fiscal deficit have contributed to inflation's persistence

    Consumer prices in Argentina rose 24.8% in 2017 after a sharp 3.1% increase in December, government data showed on Thursday, well above the central bank's target range for annual inflation of 12-17%t. The monthly reading, which was above median expectations in December of 2.5%.

  • Thursday, January 11th 2018 - 07:02 UTC

    Timerman barred from flying to US; Argentine government will appeal decision on humanitarian reasons

    Timerman was foreign minister of Cristina Fernández 2010/2015. Previously he was Consul General in New York and later Ambassador in Washington

    The United States barred former Argentine Minister of Foreign Relations Hector Timerman from entering the country because of several pending court cases. The Argentine government said it would appeal the decision, and request a new visa, since Mr. Timerman, who was under house arrest, was allowed by Federal Judge Sergio Torres to travel overseas for medical reasons.

  • Wednesday, January 10th 2018 - 09:52 UTC

    Argentine central bank cuts basic rate to 28%; annual inflation target 15%

    Argentina also has a new 2019 inflation target of 10% and 5% for 2020. “This pathway is now the objective of central bank monetary policy,” the bank said

    Argentina’s central bank cut its policy rate to 28% from 28.75%, two weeks after relaxing its 2018 inflation target, the bank said on Tuesday. The bank’s first rate cut in 14 months came after a December 28 news conference announcing an official inflation target for this year of 15%, up from the bank’s previous target range of 8% to 12%.

  • Tuesday, January 9th 2018 - 07:54 UTC

    Governor Maria Eugenia Vidal fighting corruption and graft in Buenos Aires province

    “Characters such as Balcedo and Suarez who head mafiosi groups, who nowadays are in prison but before were protected”, said governor Vidal

    Buenos Aires province governor Maria Eugenia Vidal said that the union boss arrested in Uruguay is one of “the many Balcedo and Caballos Suarez”, who before were protected, and today are behind bars”.

  • Monday, January 8th 2018 - 05:53 UTC

    Argentina dismantling the extortive power of the corrupt unions

    Marcelo Balcedo (C), 53, is/was the boss of the province of Buenos Aires government minors and education workers union, SOEME, with at least 35.000 membership

    A member of Argentina's elite of powerful union sharks has been arrested in Uruguay at his Great Chaparral ranch and is awaiting extradition to Buenos Aires to face charges of corruption, money laundering, extortion, stealing funds and links with the drugs business, among others.

  • Saturday, January 6th 2018 - 09:45 UTC

    Argentine stock market reaches a new record, 13th session running of gains

    Friday's stock market rise occurred in spite a temporary profit-taking again during the midday

    Good and not so good news from Argentina. Merval, the main index of the Buenos Aires Stock Exchange, rose 0.79% to 32,505.59 points on Friday, a new settlement record that marked the 13th consecutive session of gains to the Argentine stock market. Merval had a weekly gain of 7.11%.

  • Saturday, January 6th 2018 - 09:35 UTC

    Europe and Mercosur scheduled to resume trade negotiations this month

    EC fruit and vegetable exports to the Mercosur countries in 2016 amounted to 241.3 million Euro, according to data from the EU Statistical Office, Eurostat

    The European Commission and Mercosur are planning to resume negotiations to reach a new Association Agreement during this month. The Commissioner of the European Trade Commission, Cecilia Malmström, stated that, after the last negotiating round, which took place in early December, and after the attempt to reach an agreement in the framework of the last round of the World Trade Organization (WTO), held from 11 to 14 December, the agreement was very close and would be reached in a matter of weeks.

  • Friday, January 5th 2018 - 10:44 UTC

    Crackdown on phantom employees, “gnocchi”, in the Argentine Congress

    Authorities have begun proceedings to remove 160 of them from their positions, while 30 others decided to resign when confronted with evidence of absenteeism

    Nearly 200 phantom workers at Argentina's parliament have been caught in a crackdown on employees who only show up sporadically for their jobs, it has been reported. According to La Nacion, the Argentine Congress implemented a new attendance control system for employees two months ago, and it has already caught 190 who had not shown up for long periods without a good explanation.

  • Friday, January 5th 2018 - 10:39 UTC

    Chinese locomotives to revive Argentina's cargo train network

    Manufactured by China's CRRC Qishuyan, locomotives are a comprehensive plan to reactivate the rail system by modernizing its aging infrastructure

    A new shipment of Chinese-made locomotives arrived in the Port of Buenos Aires on Wednesday to revive Argentina's key Belgrano Cargas cargo train network. The eight locomotives will form part of a strategic rail line that traverses northern Argentina's agricultural heartland and connects producers with the eastern exporting hub of Rosario, a port located 300 km north of the capital.