Tag: Mauricio Macri

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.
Tuesday, April 3rd 2018 - 07:15 UTC
Macri pledges to Malvinas relatives that Argentina will continue to struggle for the Islands' sovereignty

President Mauricio Macri received at the Olivos residence the relatives of the 90 soldiers buried at the Argentine military cemetery in the Falkland Islands and pledged that Argentina will continue to struggle for the sovereignty and recovery of the Islands.
Monday, April 2nd 2018 - 05:28 UTC
The Economist: Mauricio Macri fights Argentina’s tradition of handouts for votes

Just off Leonardo da Vinci Avenue, a long street of modest shops and foul-smelling gutters in the district of La Matanza outside Buenos Aires, stands La Juanita, a co-operative. Founded by unemployed workers in 2001, it occupies a former school.