Tag: Mauricio Macri

• Tuesday, May 8th 2018 - 06:57 UTC

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

  

  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”

  

  “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%

  

  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

  

  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

  

  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

  

  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

  

  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

  

  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.

• Monday, April 16th 2018 - 18:22 UTC

  Most Latin American countries cautious or critical about bombings in Syria

  

  Canadian Prime Minister Justin Trudeau backed air strikes by the United States and its allies on Syria’s chemical weapons program but Argentina, Brazil and Peru voiced caution during a regional summit about the escalating military action.

• Monday, April 16th 2018 - 07:56 UTC

  Most Latin American countries cautious or critical about bombings in Syria

  

  Canadian Prime Minister Justin Trudeau backed air strikes by the United States and its allies on Syria’s chemical weapons program but Argentina, Brazil and Peru voiced caution during a regional summit about the escalating military action.