Tag: Argentina

• Saturday, December 19th 2015 - 06:18 UTC

  Argentina's foreign exchange market slowly adapting to new rules with no major surprises

  

  The US dollar in Argentina's foreign exchange market plunged on Friday 35 cents to 13.60 Pesos on the second day since President Mauricio Macri's administration decided to put an end to official restrictions for the purchase of greenbacks and other dealings with foreign currency.

• Saturday, December 19th 2015 - 06:01 UTC

  Resolution 2065 on Falklands: United Nations 'royally deceived' 50 years ago

  

  The United Nations was “royally deceived”, said Falkland Islands Member of Legislative Assembly Mike Summers in response to Argentina celebrating the 50th anniversary of a UN resolution that recognised the existence of a sovereignty dispute over the Falklands.

• Friday, December 18th 2015 - 20:22 UTC

  The Islands are 'Falklands', according to Aerolineas Argentinas magazine 'Alta'

  

  Aerolínas Argentinas magazine “Alta” has committed an 'un-excusable' blooper in its English edition. In effect, in a long article from the November edition, and praising Argentina's aeronautic and space industry, available in all Aerolíneas flights the Islas Malvinas are referred to as the Falkland Islands.

• Friday, December 18th 2015 - 09:14 UTC

  Argentine minister 'satisfied' with the market response on first day without the dollar clamp

  

  Argentina's Finance Minister Alfonso Prat Gay said on Thursday that the first day in the market without the dollar restrictions imposed by the previous administration, had been positive and as they had planned or expected. Compared to the previous multi-tier system, the dollar appreciated in the range of 25% against the Peso in the unified market.

• Friday, December 18th 2015 - 08:45 UTC

  Argentina prepares to decree a “national security emergency” to combat drugs

  

  Argentina's Security minister Patricia Bullrich together with her provincial peers and security forces unanimously voted to decree a “national security emergency” with the purpose of combating the drugs trade and strengthening border areas.

• Thursday, December 17th 2015 - 07:25 UTC

  Argentina recalls UN Resolution 2065 fiftieth anniversary and renews call for Falklands' negotiations

  

  Argentina's Foreign ministry recalled that on 16 December the country commemorates the 50th anniversary of UN General Assembly Resolution 2065, the first referred to the question of the Malvinas Islands.

• Thursday, December 17th 2015 - 06:50 UTC

  Argentina lifts foreign currency controls and let's Peso float, as of Thursday

  

  Argentina announced on Wednesday it was lifting currency controls and would allow the peso to float when markets open on Thursday, setting the stage for a devaluation, following pledges by new president Mauricio Macri for reforms to spur economic growth.

• Wednesday, December 16th 2015 - 08:49 UTC

  Argentina outlines oil and gas wellhead price policy

  

  Argentina's new government will maintain wellhead crude prices above international levels for now, although the differential will narrow as artificially low wellhead prices for natural gas are gradually adjusted upwards, energy minister Juan Jose Aranguren announced on Tuesday.

• Wednesday, December 16th 2015 - 08:20 UTC

  YPF and Dow sign US$500m agreement to further develop shale gas

  

  Argentina announced on Tuesday an agreement between state-run oil company YPF and Dow Chemical to spend $500 million next year developing a natural gas project in the Patagonia region.

• Wednesday, December 16th 2015 - 08:10 UTC

  Argentina on track to end import restrictions by end of the year

  

  President Mauricio Macri's administration announced the end of restrictions on imports into Argentina, with the current controls of 'sworn statements' or DJAI, replaced by a system of automatic and semi-automatic licences.