Tag: Mauricio Macri

• Wednesday, May 8th 2019 - 12:54 UTC

  IMF mission arrives in Argentina: Central bank policy, inflation and revenue in the agenda

  

  A new IMF mission is expected in Argentina this e Wednesday for the fourth review of the country's economic plan which is supported by a 36 month stand-by credit from the multilateral financial institution. It's the first IMF visit since Argentina's Central Bank major strategy change in the foreign exchange market to avoid another meltdown of the Argentine currency.

• Tuesday, May 7th 2019 - 09:56 UTC

  Macri hopes to strike a political understanding with arch rival Cristina Fernandez

  

  Argentina's president Mauricio Macri is looking to strike an accord with political rivals, including nemesis Cristina Fernandez de Kirchner, in a bid to calm volatile markets ahead of presidential elections towards the end of the year.

• Tuesday, May 7th 2019 - 08:32 UTC

  Pope Francis tells Argentine bishops he desires to visit his homeland in the near future

  

  Despite stating at the outset that he didn’t like travel and didn’t plan to do much of it, during the first six years of his pontificate Pope Francis made close to 30 international trips, including visiting virtually every country of Latin America. Yet there’s one glaring exception: his home country, Argentina and neighbouring Uruguay.

• Wednesday, May 1st 2019 - 03:10 UTC

  Tens of thousands demonstrated in partial strike in Argentina; unions divided as to how face Marci’s austerity measures

  

  Tens of thousands of Argentines demonstrated on Tuesday in a partial strike that grounded airplanes and shut banks and other businesses to protest the economic policies of President Mauricio Macri.

• Wednesday, May 1st 2019 - 02:40 UTC

  Argentine pork to China, which is suffering from an African swine fever epidemic

  

  Argentina announced on Tuesday it had struck a deal with Chinese authorities that would allow it to begin exporting pork to the Asian giant from 25 of the country’s meat-packing plants.

• Tuesday, April 30th 2019 - 09:59 UTC

  Argentine Peso gains strength as IMF agrees to more central bank flexibility

  

  Argentina’s embattled peso gained strength on Monday after the central bank said it would ease limits on its foreign exchange market interventions, signaling its willingness to sell reserves in an effort to better control the volatility of the local currency. The peso began the session up 3.37% and closed 3.56% stronger at 44.37 per U.S. dollar.

• Tuesday, April 30th 2019 - 09:55 UTC

  Major strike and march announced for this Tuesday in Argentina, but unions remain divided

  

  A national strike will halt much of shale-rich Argentina's economy on Tuesday amid growing investor concern that market-oriented president Mauricio Macri will lose a bid for re-election in October, swinging Argentina back toward state intervention.

• Saturday, April 27th 2019 - 11:30 UTC

  A week of volatility in Argentina ends with the Peso down 8.81%

  

  Argentina’s peso fell back on Friday afternoon to post a record low close, giving up earlier gains after a tumultuous week that saw the currency battered to its weakest ever level and local debt pummeled as anxious investors fled.

• Friday, April 26th 2019 - 09:59 UTC

  Second black day for Argentine markets and Peso; panic at a possible return of Cristina Fernandez and Kirchnerism

  

  Argentine bonds and the country’s embattled peso currency fell for a second day on Thursday, cranking up the challenge facing President Mauricio Macri as his drop in the polls ahead of knife-edge elections later this year unnerves investors.

• Thursday, April 25th 2019 - 21:48 UTC

  Economic collapse in Argentina worsens in a volatile day: Macri blames uncertainty

  

  Argentina lived on Thursday another day in which the dollar rebounded and the country risk exceeded 1000 points. President Mauricio Macri criticized the “short-term” view of the markets and the Central Bank (BCRA) had to intervene by positioning the interest rate at 70% and diverting the futures market to contain the demand on the currency, preventing it from reaching the maximum accorded of 51.45 pesos.