Tag: Mauricio Macri

• Tuesday, July 3rd 2018 - 07:33 UTC

  Argentina hikes bank reserves; Peso gains 1.9% vs the dollar and settles at 28.3

  

  Argentina's central bank said on Monday that it hiked bank reserve requirements by 3 percentage points, following a hike of three percentage points on June 18 as monetary policymakers seek to calm inflation and end a run on the peso currency. The Peso gained 1.9% on Monday against the dollar.

• Tuesday, July 3rd 2018 - 07:26 UTC

  Argentina plans to free fuel prices starting in August

  

  Argentina will allow fuel retailers to freely set pump prices starting in August, according to an Energy Ministry official familiar with the plan, a move that could encourage badly needed investment in the nation's oil patch but risks worsening sky-high inflation and angering consumers.

• Saturday, June 30th 2018 - 15:49 UTC

  Argentine Peso and equities end the week back on skid row

  

  After a week of relative stability, the Argentine peso slid more than 2.5% percent on Friday, as an economic crisis marked by high inflation, wobbly growth and an outflow of capital began to bite again.

• Thursday, June 28th 2018 - 10:54 UTC

  UK prepared to resume arms sales to Argentina after a six-year ban

  

  Arms exports to the Argentine military are set to resume, more than six years after a ban imposed in a row over the Falkland Islands. Foreign Office Minister Sir Alan Duncan said restrictions would still be imposed on exports which could “enhance” Argentina's military capabilities.

• Wednesday, June 27th 2018 - 08:12 UTC

  Argentine economy shrinks 0.9% as agriculture hit by drought plummets 31%

  

  Argentina’s economy shrank in April for the first time in more than a year, government data showed on Tuesday, while the central bank held its policy rate stable at 40% in the first rate decision since a shakeup in its leadership.

• Tuesday, June 26th 2018 - 09:17 UTC

  Argentine public service unions strike to protest IMF deal halts the country

  

  Argentina ground to a halt on Monday as public service unions blocked road, rail and air transport with a nationwide 24-hour strike in protest at the government's latest deal with the International Monetary Fund. In a massive show of force against the conservative government of President Mauricio Macri, organizers said at least one million workers were taking part in the industrial action which halted trains, subways, buses and flights in Latin America's third-largest economy.

• Monday, June 25th 2018 - 10:24 UTC

  General strike in Argentina to protest president Macrí's economic reforms

  

  Argentina labor's umbrella organization CGT, has organized a strike for Monday to protest the economic reforms being implemented y the administration of president Mauricio Macri's business friendly administration.

• Friday, June 22nd 2018 - 09:16 UTC

  Stocks up 6% and the Peso stabilized following MSCI upgrade of Argentina

  

  Argentine stocks surged on Thursday after index provider MSCI upgraded the country to its emerging markets index a day earlier, a respite from months of dismal economic news for market-friendly President Mauricio Macri. The local Merval stock index closed up 6%, led by industrials and banks. Investment bank Grupo Financiero Valores led gains, rising 18.3%, while aluminum producer Aluar rose 13%.

• Friday, June 22nd 2018 - 09:02 UTC

  Malvinas question dispute: new phase in Argentina/UK relations will create favorable conditions

  

  Foreign minister Jorge Faurie reiterated before the United Nations Decolonization Committee or C24, that Argentina wishes to establish a dialogue with the UK to solve the Malvinas Islands dispute, and underlined he believed that “favorable conditions” for such a scenario have been created and are advancing.

• Thursday, June 21st 2018 - 14:38 UTC

  “The Argentine claim to our Falkland Islands is unfounded and unwelcome”

  

  ”We have a right to live in peace, in freedom and to determine our own future”. “We have a right to live in peace, we have a right to our freedom and above all we have a right to determine our own future”, Falkland Islands elected lawmaker, MLA Ian Hansen told the United Nations decolonization committee or C24 on Wednesday, in New York.