Tag: Argentina

• Thursday, November 17th 2016 - 09:10 UTC

  Argentina's central bank cuts benchmark rate despite Peso's depreciation

  

  Argentina's central bank cut its benchmark interest rate for the second time in two weeks in a surprise move amid market expectations it would hold steady after a high inflation reading and U.S. elections last week.

• Thursday, November 17th 2016 - 08:36 UTC

  Malcorra taunted in Congress over the UK/Argentina statement and South Atlantic chapter

  

  A leading ally of President Mauricio Macri's precarious coalition in Congress and chair of the Lower House Foreign Affairs committee, held another special session to address the September UK/Argentina Joint Statement, which she argues is not an “accord or treaty”, but nevertheless strongly questions the South Atlantic chapter which calls for lifting economic sanctions on Falklands' trade, fisheries, connectivity and oil development.

• Wednesday, November 16th 2016 - 10:01 UTC

  Cristina Fernandez furious with Macri for the accusations against her mother

  

  Argentine ex president Cristina Fernandez strongly defended her mother Ofelia Wilhelm who has been accused by the federal justice of fraud and pointed to president Mauricio Macri for the official investigation warning that “no matter how many cases are dumped on me, the fact is people don't make enough money to reach the end of the month”.

• Wednesday, November 16th 2016 - 09:27 UTC

  Argentina plans to cull 100.000 beavers devastating Tierra del Fuego woodlands

  

  Argentina will cull 100,000 beavers which are devastating southern woodlands by gnawing down huge trees, officials said this week. The plague of big-toothed rodents has struck in the Tierra del Fuego province, a far southern region known as “the End of the World.”

• Wednesday, November 16th 2016 - 09:19 UTC

  Argentina's main network Telefe with 26,8m subscribers sold to Viacom for US$345m

  

  Viacom Inc, the owner of Comedy Central, Nickelodeon and MTV, said on Tuesday it had bought Argentine broadcaster Television Federal SA (Telefe) from telecom carrier Telefonica SAfor US$345 million in cash. The deal to buy the Spanish-language network and content producer is part of Viacom's plan to boost its presence in Argentina and Latin America.

• Wednesday, November 16th 2016 - 08:55 UTC

  Brazil and Argentina crop and yield estimates on the increase

  

  Brazil and Argentina production estimates are going up, but hailstorms ruined soybean and corn crops in Argentina’s Santa Fe Province. However, La Niña is forecast to be relatively mild this year, according to NOAA forecasters.

• Tuesday, November 15th 2016 - 10:12 UTC

  It stays in the family: CFK's mother involved in irregularities

  

  Ofelia Wilhelm, mother of former Argentine President Cristina Fernandez, is under judicial investigation for alleged irregularities worth millions of pesos to a firm of which she was a partner.

• Tuesday, November 15th 2016 - 09:55 UTC

  Conference in Buenos Aires: Snowden fears domestic intelligence will spread in US under Trump

  

  Former US spy agency contractor Edward Snowden said on Monday, that Donald Trump's election may increase the intrusiveness of domestic intelligence gathering and warned that the democratic checks and balances were losing ground to authoritarianism.

• Tuesday, November 15th 2016 - 09:40 UTC

  ANCAP's Carboclor sinks deeper, goes after sale or merger

  

  Losses increase from US $ 9 million by mid year to US $ 14 million in September due to contraction of domestic demand, the fall in international prices and the percentage of ethanol cut in gasolines.Carboclor, ANCAP's subsidiary in Argentina, shows no sign of recovery in its most recent balancesheet as production fell below “normal levels” caused by financial shortcomings which in turn led to a decrease in the inflow of raw materials to the refinery in Campana in the province of Buenos Aires. Shutting down the plant for 25 days is being considered as a partial solution.

• Tuesday, November 15th 2016 - 09:02 UTC

  Trump promises Argentina, a great country, “the closest relation in history”

  

  “Argentina is a great country” and Argentina and the US will have “the closest relation in history”, according to the official version from the administration of president Mauricio Macri who on Monday was on the phone with president elect Donald Trump to congratulate him on his presidential victory.