The Chancellor of the Exchequer begins on Wednesday a round of trade, investment and political contacts in Argentina, following a two day visit to Brazil, as part of a tour of South America's biggest economy. It will be the most important visit of a British cabinet minister in over sixteen years to Argentina.
Argentina's Peso rose against the dollar on Monday for the first time in two weeks, after the central bank intervened in the foreign exchange markets on Friday to halt the currency's rapid decline to historic lows, when it reached 18 Pesos.
Chancellor of the Exchequer Philip Hammond is scheduled to arrive in Buenos Aires Tuesday evening following a two day business promotion visit to Brazil. It will be the first time a leading UK cabinet minister sets foot in Argentina in sixteen years; the last was when ex Prime Minister Tony Blair met ex president Fernando De la Rua in the Iguazu falls in 2001.
Argentina and Uruguay are going ahead with plans to make a joint bid to host the 2030 World Cup despite expected competition from China and others .The South American neighbors are counting on sentimental support with Uruguay hosting the first World Cup in 1930.
Argentina´s navy frigate and tall ship ARA Libertad dropped anchor in Southampton on Wednesday as part of 46th midshipman promotion world tour which left Buenos Aires last March. Ambassador Carlos Sersale di Cerisano received the flagship of the Argentine Navy, while the whole operation was transmitted live from the embassy in London.
Argentine foreign minister Jorge Faurie said dialogue on the Falkland/Malvinas Islands with the United Kingdom is advancing and both countries are determined to enrich the relation, but it is a path which is possible as long as the sovereignty of the Islands is not discussed.
A new book has challenged the official account of the Falklands War, including allegedly one of the worst kept secrets of the conflict. The First Casualty, written by noted military historian Ricky Phillips, reveals that, far from surrendering without a fight when the Argentines invaded the Islands in April 1982, a detachment of Royal Marines battled for more than two hours and killed around 100 of their opponents.
Argentina posted a primary fiscal deficit of 144 billion pesos (US$8.4 billion), or 1.5% of GDP in the first half of 2017, Treasury Minister Nicolas Dujovne said on Wednesday, beating the government target for a gap of 2% of GDP. The primary fiscal deficit was 103 billion pesos in the second quarter, compared with 41 billion pesos in the first quarter.
On 26th July the Frigate ARA Libertad will arrive at Queen Elizabeth II Cruise Terminal, Eastern Docks, Berth 38, in Southampton, where the Argentine Ambassador to the United Kingdom R. Carlos Sersale di Cerisano will welcome the crew of 27 officers, 187 non-commissioned officers and 61 training officers. In her role as Ambassador of the seas, the vessel carries a message of peace, friendship and a will to build bridges with the world.
BP unit and subsidiaries of France’s Total and Germany’s Wintershall have signed an investment agreement with Argentina’s state-run oil company YPF to jointly invest US$1.15 billion in the Vaca Muerta shale formation in Argentina.