• 09.07.2018

    Norwegian Announces 6 New Domestic Argentinian Routes



    Back in August of 2018, it was announced that Norwegian would be expanding into the Argentinian domestic market, launching their own subsidiary airline and planning to smash the legacy airlines located in the country to bring ultra-cheap travel to locals.

  • 09.05.2018

    Argentina confident about new deal with IMF, peso rises



    BUENOS AIRES/WASHINGTON (Reuters) - Argentina’s economy minister sounded upbeat on Wednesday about clinching a new deal with the International Monetary Fund after two days of talks in Washington, and said had sought U.S. support for securing approval from the IMF’s board.

  • 09.04.2018

    Trump offers 'strong support' to Macri during 'trying time' for Argentina



    US President Donald Trump has offered his "strong support" to Argentina, branding the Latin American country's crisis a "trying time," following a phone conversation with President Mauricio Maci this morning. President Macri had a 15-minute conversation with his US counterpart this morning as the Argentine leader’s economic team heads to Washington for key talks with International Monetary Fund (IMF) officials.

  • 09.03.2018

    Argentina's efforts to restore confidence: 10 ministries would be chopped in austerity push



    The government knew that it should take measures that give signals to regain confidence in its voters who asked for a change and convince the nervous investors that they can pay their debts. Argentine President Mauricio Macri plans to eliminate several ministries of the federal government as his administration seeks to reduce the budget deficit to quell a run on the peso as a sign of reducing the primary deficit. A gesture of necessary austerity. Because the government that declared austerity must now accompany its statements with facts and with a communication that proves it. The question of many: what will be the new structure of the 95 current secretariats, 127 undersecretaries, 21 general coordination units in the new ministries, including the Chief of Cabinet of Ministers.

  • 08.29.2018

    Argentina: Macri "we will not stop until we export us$30 B in gas and oil”



    Mauricio Macri gave a speech where he expressed that Vaca Muerta is a positive and energetic revolution for Argentina. The president remarked that Vaca Muerta "continues to develop" despite the economic "storms" the country faces”. “We continue to face our own problems and the world and this continues to develop. And we will not stop until we export 30 billion dollars in gas and oil”, he said.

  • 08.21.2018

    Argentina: Agro in 2019 will contribute us$ 6 Billion more than in 2018



    According to the last report of Markets and Economy of the consultant Delphos, the reason is the combination of a better harvest that will reach 118 million tons (mill / tn), against 99 of 2018, and very close to 123 of 2016 / 17. These higher exports and lower import requirements for commodities for the agricultural sector, would lead to an expansion of the supply of foreign currency compared to the previous crop of around 6,000 million dollars.

  • 08.14.2018

    Argentina pledges US$ 500 million on Tuesday to stabilize the forex market



    Argentina's peso hit an all-time low on Monday as Latin American currencies sank amid a broader sell-off in emerging markets that have been rattled by the Turkish lira's plunge.  Turkey's lira pulled back from a record low of 7.24 to the dollar on Monday after the country's central bank pledged to provide liquidity. Concerns about Turkey snowballed into a market panic last week. The biggest loser was Argentina's peso currency, which fell 2.4% to close at a record low 29.97 per dollar, pressured by a corruption scandal that could damage the country's construction sector. “With the evolution of the Turkey situation, the start of the week for Argentine assets has been laid out, with corruption scandals involving businessmen and political officials adding on” to the lira's slide, consultancy SBS wrote in a note to clients. However the Argentine central bank chairman Luis Caputo announced a battery of measures to begin operating on Tuesday to contain the run on the US dollar, including the sale of US$ 500 million.

  • 06.26.2018

    Navigating Emerging Markets: Argentina



    Mauro Roca, EM sovereign research managing director at TCW Group, and Bruno Binetti, research fellow at Inter-American Dialogue, discuss the Argentine peso, economy and government as the nation receives a $50 billion credit line from the International Monetary Fund. They speak on "Bloomberg Daybreak: Americas." (Source: Bloomberg)

  • 06.25.2018

    Cargill, Cofco, Bunge, ADM and AGD exported 58% of Argentine grains



    The top 5 agro-export companies in the country showed their credentials again in the first 4 months of the year. Both Cargill, Cofco/Nidera, Bunge, ADM and AGD ranked first in the export of grains, oils and agricultural by-products. Based on official data, they noted that exports of grains and derivatives reached 28.10 million tons, a volume that represented an interannual increase of 5.5%.

  • 06.12.2018

    Argentina: Wheat record campaign for us$ 3.6 Billion, grew by 132% vs. 2015



    Wheat is the big bet of the producers after the drought. According to the Buenos Aires Grain Exchange, this year the Wheat Gross Product (PBT) will be located in us$ 3591 million against us$ 1545 million in 2015. After the removal of the wheat retentions as soon as the current Government took office, the PBT will exhibit this year a growth of 132% versus what it represented in 2015, the last cycle with export rights and obstacles to the trade of this cereal in the Kirchner government. In addition, due to the greater movement and collection through other taxes, the State will be raising us$ 725 million, 29% more than in 2015.

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