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MercoPress, en Español

Montevideo, January 24th 2026 - 18:02 UTC

Tag: Mauricio Macri

  • Monday, July 9th 2018 - 07:08 UTC

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

    Frustratingly for president Macri, Argentina’s travails are, in part, a consequence of his efforts to put the economy on a firmer footing.

    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

    President Mauricio Macri is trying to boost confidence after obtaining a record US$ 50 billion credit line from the IMF in the wake of the currency rout.

    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

    Macri's pro-business government freed fuel prices last year, part of its efforts to unwind state controls on Argentina's economy

    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

    The US dollar was trading at almost 30 Argentine Pesos on Friday afternoon until it finally closed at 28.85, with a daily depreciation vs the greenback of 2.53%

    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

    The decision comes a few weeks after Foreign Secretary Johnson visited Buenos Aires, where he vowed “an intensifying relationship” with Argentina

    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%

    It was the first negative monthly reading since February 2017. The economy shrank 2.7% in April from March

    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

    Banks and schools remained shut and Buenos Aires slowly emptied of traffic as the day progressed.

    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

    Workers in the public transport, taxis, aviation, banking and education sectors are among those who will walk off the job in support of the CGT stoppage

    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

    The local Merval stock index closed up 6%, led by industrials and banks. Investment bank Grupo Financiero Valores led gains, rising 18.3%

    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

    “President Macri has prompted a new phase in relations with the UK”, Faurie (c) said on Thursday during the C24 debate at the UN building in New York.

    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.