Get our news on your inbox! x

Remember me Forgot password

MercoPress, en Español

Montevideo, December 22nd 2024 - 09:20 UTC

Tag: Jorge Capitanich

  • Saturday, February 8th 2014 - 09:10 UTC

    Capitanich reacts to US Senators statements on Cristina Fernandez government

    “In Argentina citizens and inhabitants enjoy a full democracy and social inclusion”, said the Cabinet chief

    Argentina's cabinet chief Jorge Capitanich reacted on Friday to US Senators' remarks who on Thursday harshly criticized the economic policies of President Cristina Fernandez administration and forecasted an economic collapse sooner than later.

  • Tuesday, February 4th 2014 - 23:00 UTC

    Desperate Argentine officials target big business as the culprits of the current situation

    Capitanich accused Shell of conspiring against the government's policies

    The Argentine government announced on Tuesday it has started “a thorough investigation on major foreign trade companies” which have allegedly registered accounting irregularities for 6.8 billion dollars. Cabinet Chief Jorge Capitanich said the Central Bank has reported “mining, grain, food, car and oil companies have exported but failed to account for foreign currency income.”

  • Wednesday, January 29th 2014 - 06:51 UTC

    Argentine foreign money market operating at 8.015 Pesos to the US dollar

    Many Argentines managed to overcome the bureaucratic steps but have been unable to get hold of the dollars

    For second day running the Argentine foreign money market reacted with normality with the official rate of the US dollar closing at 8.015 Pesos, while the so called 'reference dollar' for savings traded at 9.62 Pesos and the 'blue' or parallel climbed 35 cents to 12.50 Pesos.

  • Tuesday, January 28th 2014 - 05:05 UTC

    Argentine market cautious reaction to new rules on foreign exchange and dollar savings

    Capitanich and Echegaray explaining the new rules for purchasing dollars

    In what promises to be a week of surprises as the Argentine government unfolds measures to contain the price of the US dollar, this Monday the peso held relatively stable after last week's sharp devaluation. While the official rate remained unchanged at 8.01 Pesos for a greenback, in the parallel market it climbed to 12.15 Pesos.

  • Saturday, January 18th 2014 - 06:39 UTC

    US dollar approaching the 12 Pesos mark in Argentina

    No end in sight for the current run of the greenback

    The US dollar in Argentina reached a new record on Friday at the end of nerve racking week which saw the greenback in the parallel market climb another 40 cents and close at 11.90 and 11.95 Pesos purchase and sale prices. During the week the US dollar soared 1.15 Pesos, and closed the week with a gap of 75.6% between the official dollar exchange and the 'blue' dollar.

  • Monday, January 6th 2014 - 19:51 UTC

    Cristina Fernandez “working everyday” returns this week to Buenos Aires

    The Argentine president complying with her constitutional responsibilities, said cabinet chief Capitanich

    Argentine President Cristina Fernandez “works everyday” and is “complying with her constitutional responsibilities” said cabinet chief Jorge Capitanich on Monday responding to opposition voices that have criticized the leader who remains in the Patagonian city of El Calafate. He also announced that the president would be returning to Buenos Aires this week.

  • Friday, January 3rd 2014 - 23:34 UTC

    Cristina Fernandez administration launches yet another price control program

    Capitanich and Costa making the announcement that includes 194 supermarket items

    Argentina's government formally launched on Friday its latest price control program as double-digit inflation sets the stage for tense annual wage talks in coming months. The one-year program sets prices on 194 supermarket items including staples like milk, meat and pasta as well as discretionary items such as beer and ice cream.

  • Friday, December 20th 2013 - 05:49 UTC

    Argentina threatens to nationalize power companies because of the blackouts

    Capitanich: if they are not willing to give people the service they deserve, we will be willing to take over that service

    Argentina on Thursday threatened to nationalize utility companies Edenor and Edesur after power outages left large areas of the capital Buenos Aires and surrounding suburbs in the dark, just ahead of the austral summer. “If they are not willing to give people the service they deserve, we will be willing to take over that service,” said cabinet chief Jorge Capitanich.

  • Wednesday, December 18th 2013 - 07:15 UTC

    Heat wave in Argentina collapses power grid: thousands with no energy or water

    People out in the streets banging pots to protest (Photo: DYN)

    People out in the streets banging pots and pans, or protesting burning tires and garbage containers in powerless neighborhoods, while an estimated 30.000 businesses in Buenos Aires City and metropolitan area are organizing demanding compensation for losses suffered because of the collapse of the power distribution system overwhelmed by an extraordinary heat wave with temperatures in the high thirties and low forties.

  • Saturday, December 14th 2013 - 06:04 UTC

    Argentina: compensation to security forces that helped contain police protests and looting

    In many provinces state workers are demanding similar wage hikes to those granted to the police

    Cabinet Chief Jorge Capitanich confirmed on Friday that President Cristina Fernández will announce next week an “economic and financial recognition” to the members of national security forces following the deployment of 12,000 agents across the country to counter the impacts of the police protests and lootings that hit almost all Argentine provinces over the past days.