Tag: Mauricio Macri

• Tuesday, July 10th 2018 - 07:41 UTC

  Macri admits mistakes and calls for support from governors, unions and business leaders

  

  President Mauricio Macri, First Lady Juliana Awada and members of his cabinet attended on Monday, 9 July, the Argentine Independence Day celebrations in the Tucuman Historic House, where 202 years ago the emerging nation cut all ties as a Spanish colony.

• Monday, July 9th 2018 - 07:43 UTC

  Argentina's austere Independence Day celebration in Tucuman, with no military parade

  

  President Mauricio Macri and his cabinet will be celebrating Argentina's Independence Day, Monday 9 July at the Historic House in the northern province of Tucuman, where the declaration was first announced 202 years ago. Contrary to other years there will be no military parade in Tucuman or Buenos Aires, allegedly as a consequence of the strict austerity measures imposed by the Macri administration.

• Monday, July 9th 2018 - 07:08 UTC

  “Argentina on the rocky road to recession”, anticipates The Economist

  

  On a residential street corner in Buenos Aires, Van Koning Market sells imported beers to the city’s well-heeled. Since it opened in June last year costs have soared. The peso has plummeted, meaning wholesale prices have shot up. Inflation is running at 26%; the reduction of government subsidies means the monthly electricity bill has risen from 700 pesos to 4,000 pesos (US$ 142).

• 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.