Brazil and Argentina have started discussing a reduction in the common external tariff (TEC) of the Mercosur trade block, sources in both governments revealed on Wednesday, as their market-friendly presidents look to boost economic growth.
Uruguay is experiencing, in recent months, a marked drop in investment and the generation of employment. Uruguayan Economy Minister Danilo Astori admitted Wednesday the fall of public accounts, with an annualized fiscal deficit in April that was 4.8% of GDP, and opted to provide greater incentives to investors and entrepreneurs. The Uruguayan press accuses the government of betting on the hope that the results will begin to be felt in the second half of the year, as it was heard a while ago in Argentina under the administration of President Mauricio Macri.
Opponents of Argentina's President Mauricio Macri launched a 24-hour strike on Wednesday to protest the government's inability to reduce inflation that has reached 55% over the past year. The strike paralyzed public transport while all flights to and from the country's airports were canceled. Banks, schools and universities remained closed.
Activists and lawmakers in Argentina relaunched a bid to legalize abortion on Tuesday with a new bill before Congress and a major demonstration planned, resuming a battle that has divided the homeland of Pope Francis ahead of October's general election.
Barely a week after the Alberto Fernández-Cristina Fernández de Kirchner (CFK) ticket for the upcoming presidential elections in Argentina was announced, the unexpected Peronist-Kirchnerist pairing is over ten points ahead of incumbent President Mauricio Macri and whomever he picks as his running mate, according to two polls sponsored by the center-left Página 12 newspaper, it was reported.
The junior partner of the Argentine ruling coalition, the center-left Radical party, UCR, at its national convention, and after much debate finally agreed to remain as a junior member of, Cambiemos(Let's Change), headed by president Mauricio Macri.
Argentina's first presidential debate of the 2019 election will take place in Santa Fe province, the Noticias news magazine confirmed on Tuesday. The event will be held at the auditorium of the National University of the Littoral (Universidad Nacional del Litoral), in Santa Fe City, after the PASOs.
Argentina released April inflation numbers on Wednesday, with the monthly price rise easing to 3.4% - high by international standards, but below market expectations and reversing an acceleration trend that began in January.
Argentina’s biggest labor union on Tuesday called for a 24-hour national strike to protest the government’s austerity policies, heaping pressure on President Mauricio Macri as he battles against a biting recession and jittery markets.
An armed man was arrested in the Casa Rosada, Argentina’s presidential office, who tried to enter on the grounds that he had an audience with President Mauricio Macri. The suspect was carrying a box with a Magnum 44 Taurus revolver and was arrested by the Military House before entering the building, according to information from the Government office in Buenos Aires.