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MercoPress, en Español

Montevideo, June 6th 2025 - 12:34 UTC

Tag: Mauricio Macri

  • Thursday, May 10th 2018 - 08:20 UTC

    Argentine congress passed capital market reform bill; Merval up 6%

    Argentina's benchmark Merval stock index reacted strongly and was up nearly 6% on Wednesday afternoon.

    The Argentine Congress passed the government's capital markets reform bill on Wednesday, seeking to boost a troubled economy by reducing the power of market regulators and loosening restrictions on some funds investing in Argentina. Investors and economists consider the reform bill key to President Mauricio Macri's effort to boost investment in the country, whose capital markets are far smaller than regional peers.

  • Wednesday, May 9th 2018 - 07:32 UTC

    Peso storm: Argentina requests a US$ 30bn precautionary credit from IMF

    “This will allow us to face the new global scenario and avoid a crisis like the ones we have faced before in our history,” President Macri said in a televised address

    Argentina asked the International Monetary Fund for financing to help stem a run from the Peso to the US dollar that is sparking a surge in interest rates and threatening to derail the country's economic recovery. The sum requested is estimated between 25 and 30bn dollars, 500% Argentina's IMF quota and could be disbursed in two forms, a flexible credit line or a precautionary credit line.

  • Tuesday, May 8th 2018 - 06:57 UTC

    Argentine Peso: the worst of the storm seems to be over...for the time being

    “The Peso may strengthen or weaken ... the idea is that there be little volatility,” Treasury Minister Nicolas Dujovne said on local television on Sunday night

    The Argentine Peso closed slightly weaker on Monday, though analysts remained optimistic the government and central bank had curbed a run on the currency with a massive rate hike and lower fiscal deficit target last week. . The local currency opened stronger on Monday but closed down 0.41%, at 21.97 per U.S. dollar. The Merval stock index ended down 3.43% and traders said investors remained cautious.

  • Monday, May 7th 2018 - 09:28 UTC

    Argentina's storm: “Macri is not a political leader, he's a businessman”

    Mirtha Legrand and Jorge Lanata sharing the night program

    “President Macri is not a political leader, he's a businessman, that's why he doesn't like to come out on national television; he should come closer to the people, he should be more political and less technical”. The comment belongs to Jorge Lanata probably the most outstanding investigative reporter in Argentina, and who heads the hate list of ex president Cristina Fernandez.

  • Friday, May 4th 2018 - 09:00 UTC

    Argentine Peso tumbles 7.83% to US dollar; central bank raises rate to 33.25%

    The Peso tumbled 7.83% to 23 per U.S. dollar. It had hit 21.2 (23,5 in some banks) to the greenback on Wednesday. The central bank hiked the rate to 30.25% from 27.25% on Friday.

    Argentina’s central bank raised its benchmark interest rate by 300 basis points to 33.25% percent on Thursday, but the second steep rate increase in less than a week failed to stop the country’s peso currency from swooning to a record low. The local currency tumbled 7.83% to 23 per U.S. dollar. It had hit 21.2 to the greenback on Wednesday, the first trading day due to a holiday after the bank hiked the rate to 30.25% from 27.25% on Friday.

  • Thursday, May 3rd 2018 - 08:39 UTC

    Lack of investor confidence sees the Argentine Peso fall 3.11% against the dollar

    The central bank sold about US$ 400 million in the foreign exchange market as of early Wednesday afternoon, traders said

    Argentina’s peso currency closed down 3.11% on Wednesday at an all-time low of 21.2 per U.S. dollar, even as the central bank continued selling dollars to try to halt the slide of the local currency, traders said. The currency’s sustained weakening showed a lack of investor confidence in Latin America’s third largest economy, which is blighted by one of the world’s highest inflation rates.

  • Tuesday, May 1st 2018 - 10:05 UTC

    Argentina creates an Antarctica Joint Command, under Defense guidance

    AJC will do the planning, management and execution of the maintenance and functioning of the Argentine bases and stations

    Argentina has created the Antarctica Joint Command, which will operate under the orbit of the Ministry of Defense and be responsible for conducting operations in Antarctica, and areas of interest, in a continuous and permanent way.

  • Thursday, April 26th 2018 - 08:59 UTC

    Argentina receives 32 bids for six road projects totaling US$ 8 billion

    Since taking office in December 2015, President Mauricio Macri has focused on upgrading Argentina's infrastructure after decades of under-investment.

    Argentina announced it received 32 bids for six road projects requiring around US$ 8 billion in investment, in a big test of how public-private partnerships (PPPs) can help cash-starved Latin American governments beef up infrastructure.

  • Friday, April 20th 2018 - 08:38 UTC

    First shipment of Argentine lemons to the US in 17 years

    “Let's send off the first truck, which will carry our produce to our brothers in the United States,” president Mauricio Macri said during an event in Tucuman.

    Argentina sent its first shipment of lemons to the United States in 17 years, a few months after President Donald Trump authorized citrus imports from the country.

  • Thursday, April 19th 2018 - 10:07 UTC

    President Macri recognized as first World Leader for Travel & Tourism

    Macri's clear message of Argentina being ‘open for business’ has benefited tourism enormously, underlined Gloria Guevara Manzo, WTTC president and CEO

    President Mauricio Macri of Argentina was recognized by the World Travel & Tourism Council (WTTC) at its first World Leader for Travel & Tourism. The recognition was announced at the opening ceremony of the 2018 WTTC Global Summit which is taking place on 18 and 19 April in Buenos Aires, Argentina.