Get our news on your inbox! x

Remember me Forgot password

MercoPress, en Español

Montevideo, November 27th 2024 - 14:31 UTC

Tag: Argentina

  • Wednesday, January 18th 2017 - 11:57 UTC

    Argentina to propose a Schengen space to promote regional tourism

    Santos said Argentina expects arriving tourists to increase 50% in the next few years, and underlined the good numbers of 2016, particularly since last August

    Argentina aspires to become the back bone of an integrated Mercosur with the Pacific Alliance, said the country's Tourism minister Gustavo Santos attending the International Tourism Fair, Fitur, taking place in Spain.

  • Tuesday, January 17th 2017 - 09:29 UTC

    Falklands under no pressure from the UK: “final decision on flights will be ours, and ours alone”

    MLA Barry Elsby: the Falkland Islands Government is under no pressure from the UK government. The final decision on flights will be ours and ours alone.

    The Falkland Islands Government is under no pressure from the UK government to agree to something that we feel is not in our best interests, and ”the final decision on (additional) flights will be ours, and ours alone”. The statement belongs to the elected Legislative Assembly of the Falkland Islands' chair of the month, Barry Elsby.

  • Saturday, January 14th 2017 - 08:37 UTC

    Malcorra reiterates: Argentina willing to cooperative research in the South Atlantic

    ”We feel there is an opportunity for a cooperative scientific research (in the South Atlantic) which could be a strong step forward in the correct direction”

    Foreign minister Susana Malcorra said fisheries licensing in the South Atlantic is of great concern for Argentina because of the “overall ongoing depredation”, and recalled that there is an item referred to the issue in the September UK-Argentine joint statement, which has yet to be addressed and that most probably it will follow on the identification of unknown soldiers buried in the Falklands and the additional flights issues.

  • Friday, January 13th 2017 - 12:37 UTC

    Brazil retakes wheat imports, the highest in three years

    Conab said its higher import forecast reflected unexpectedly strong wheat volumes brought in late last year, driving total purchases for calendar 2016 to 6.87m tonnes

    Brazilian officials ditched expectations of a tumble in wheat imports to a multi-year low after a surprisingly strong finish to 2016 for buy-ins, encouraged by a recovery in the real and state purchases of domestic supplies. Conab - which a month ago slashed its forecast for Brazil's wheat imports in 2016-17 [on an August-to-July basis] to 5.10m tonnes, the lowest since at least the mid-1990s – this week revised its forecast sharply upwards, to 5.95m tonnes.

  • Friday, January 13th 2017 - 11:04 UTC

    Argentina announces ambitious financial program; road show begins Monday in London

    Sovereign bond issuance will start on Jan. 19, with a sale of US$3 billion to US$5 billion in U.S. dollar-denominated paper, announced minister Caputo.

    Argentina struck an 18-month financing deal worth US$6 billion with six banks on Thursday, Finance Minister Luis Caputo told reporters, saying the government planned to tap international capital markets for US$10 billion in 2017. Sovereign bond issuance will start on Jan. 19, with a sale of US$3 billion to US$5 billion in U.S. dollar-denominated paper.

  • Thursday, January 12th 2017 - 06:26 UTC

    Argentina prepared to share South Atlantic fisheries scientific data, says Malcorra

    Malcorra did not discard “joint fisheries scientific surveying”, particularly referred to migrant species and which are “submitted to a standing depredation”.

    discuss hydrocarbon and fisheries issues in the South Atlantic with the UK, following on the road map agreed last September in the joint statement. These issues were described as “fundamental” and will be discussed in the Argentine congress, but others such as trade and navigation, do not need to be consulted with the legislative branch.

  • Wednesday, January 11th 2017 - 08:29 UTC

    Macri announces program to boost development of Vaca Muerta shale formation

    YPF, BP-controlled Pan American Energy, France's Total, Shell, Chevron and US Dow, pledged to invest a combined US$5bn this year in Vaca Muerta

    Argentina's government has agreed to extend a natural gas wellhead price subsidy until 2020 and reduce labor costs in a bid to jumpstart investment in the Vaca Muerta shale formation. The agreement, reached between the national government, the provincial government of Neuquen, industry and labor unions, comes at a time of lackluster upstream activity, reflecting an uncertain price environment and cost concerns.

  • Tuesday, January 10th 2017 - 17:34 UTC

    Morgan Stanley anticipates a 133%/258% stock market return in Argentina in five years

    While a 258% return on Argentine stock investments is the best-case scenario, the investment bank Morgan Stanley said a 133% return is the most likely.

    Investors betting on Argentina's stock market could make a return of 258% in five years, according to analysts at Morgan Stanley. Argentina is returning to economic and political normality after years in the capital markets wilderness following its 2002 debt default and financial collapse, Morgan Stanley said in a note to clients.

  • Saturday, January 7th 2017 - 07:35 UTC

    Half the Argentine labor force make a monthly average of US$ 565, says Indec

    According to the survey 10% of the poorest Argentine households concentrate 1.9% of the overall national income while the 10% at the other end, 29.1%.

    Half the Argentine labor force employed was making at the end of the third quarter a monthly average of 9.000 Pesos, equivalent approximately to US$ 565, while the poorest 10% averaged 2.500 Pesos (approx US$ 165) and the richest 10%, anywhere from 20.000 to 250.000 Pesos (US$ 1.250 to 15.000) a month, according the revamped Argentine stats and census office, Indec.

  • Friday, January 6th 2017 - 11:34 UTC

    Falklands' identification of Argentine soldiers will be done in strict confidentiality

    The overall cost of the PPH is estimated between 1.1 and 1.4 Swiss Francs (almost equal in US dollars), which is expected to cover all expenses

    The Argentine media has published details of the Red Cross humanitarian mission in the Falkland Islands to identify the remains of the 123 unknown Argentine soldiers buried at the Darwin cemetery, and a single word stands out, confidentiality, from the beginning to end, including a final assessment to decide what will effectively be released to the media.