EconomyLoop
where regional business news becomes global to everyone

"Hard to visualize a scenario" with Macri not running for reelection in 2019

Argentine President Mauricio Macri is almost certain to run for re-election in 2019, his top campaign adviser said, even as he acknowledged that the leader's market-friendly reforms were unpopular among many poor Argentines.... read more

 Merco Press18 days ago

     
Macri's candidate leading in the crucial Buenos Aires province October midterm election

Eleven public opinion polls done during the last four weeks, coincide that in the most important electoral circuit in Argentina, (40% of votes), for the coming midterm October elections, the candidate of the ruling coalition, "Let's Change", former E... read more

 Merco Press18 days ago
Argentina receives first four of twelve T-6C Texan II training aircraft

The Argentine minister of defense Oscar Aguad headed the welcome ceremony for the first four of twelve last generation Beechcraft T-6C Texan II purchased by Argentina for the training of its military pilots, and which on Monday arrived at the Militar... read more

 Merco Press18 days ago
Falklands' lawmaker: don’t leave dispute with Argentina to future generations

"We should not simply leave the Falklands dispute with Argentina for future generations to deal with", was the message from outgoing Falklands Member of Legislative Assembly Mike Summers, in his final Speech to the Motion for Adjournment.... read more

 Merco Press22 days ago
Argentine economy picked up speed in July expanding 4.9% from a year earlier

Argentina's economic recovery picked up speed in July, expanding 4.9% from a year earlier as President Mauricio Macri's pro-growth policies appeared gain traction. July's year-over-year expansion is the highest posted by Argentina in more than two ye... read more

 Merco Press22 days ago
Macri's Senate candidate leads poll in Buenos Aires province

With less than a month to Argentina's midterm elections, the government's Senate candidate in the province of Buenos Aires, Esteban Bullrich has a 39.6% vote intention, three percentage points ahead of ex president Cristina Fernandez de Kirchner, acc... read more

 Merco Press23 days ago
Argentina's GDP expands 2,7% in second quarter over a year ago

Argentina’s gross domestic product grew 2.7% in the second quarter versus the same period last year and expanded by 0.7% versus the first three months of 2017, the government’s Indec statistics agency said.... read more

 Merco Press25 days ago
IAATO and Argentina step up collaborative efforts to promote responsible tourism

Improvements to Ushuaia Port services and future collaboration between the Antarctic cruise industry and the Argentine government were discussed last week at a meeting organized by the International Association of Antarctica Tour Operators (IAATO) an... read more

 Merco Press25 days ago
Argentina to suspend fuels price-setting system in October

The government of Argentina is planning to suspend a price-setting system for domestic fuel sales next month thanks to the recent rise in global oil prices, the country’s energy and mining minister said Monday.... read more

 Merco Press25 days ago
Ushuaia expects some 300 calls this 2017/18 cruise season; 42 vessels will be touring Antarctica

Ushuaia, capital of Argentine Tierra del Fuego is expecting some 300 calls this 2017/18 cruise season, involving 42 vessels, 31 of which will be travelling on to Antarctica, according to InFueTur, the Tierra del Fuego tourism office.... read more

 Merco Press26 days ago
Argentine prosecutor Nisman death, a homicide, according to toxicology report

A new toxicology report on the body of Alberto Nisman, the late Argentine prosecutor, found that ketamine and clonazepam were in his blood at the time his death, Argentine federal criminal prosecutor Ricardo Saenz announced this week.... read more

 Merco Press29 days ago
Secretary of State for Scotland on a three/day visit to Argentina

The Secretary of State for Scotland, David Mundell, will start an official visit to Argentina during which he will hold meetings with national authorities, private sector representatives, and members of the civil society. The purpose of his trip to S... read more

 Merco Press30 days ago
Argentina claims at UN its Falklands/Malvinas "legitimate and imprescriptible" sovereignty rights

Argentine vice-president Gabriela Michetti ratified before the United Nations General Assembly her country's "legitimate and imprescriptible" sovereignty rights over the disputed Falkland/Malvinas Islands and made a new call on the United Kingdom to ... read more

 Merco Press30 days ago
Maria Eugenia Vidal leads campaign in Buenos Aires province against Cristina Fernandez

Argentine President Mauricio Macri's has picked Buenos Aires province governor Maria Eugenia Vidal to lead the campaign against a comeback by populist ex president Cristina Fernandez in October's legislative elections.... read more

 Merco Press30 days ago
Argentina 2018 budget bill forecasts growth of 3.5% and 15.7% inflation

Argentina’s 2018 budget bill forecasts economic growth of 3.5% next year and average annual inflation of 15.7%, Treasury Minister Nicolas Dujovne told Congress. The bill proposes a 2018 primary fiscal deficit of 3.2% of gross domestic product (GDP) a... read more

 Merco Press31 days ago
Offshore oil exploration takes off in Argentina at the Malvinas Basin

Searcher Seismic has made its entry into Argentina with four new multi-client projects. Beginning in phases, the first phase comprises of an offshore basin analysis report providing a regional framework to understand the offshore basins of Argentina,... read more

 Merco Press31 days ago
Odebrecht sells stake of massive subway project in Buenos Aires

Scandal-hit Brazilian construction company Odebrecht said on Sunday it has sold its 33% stake in a massive subway project in Argentina's capital Buenos Aires, but vowed to keep working in the country.... read more

 Merco Press31 days ago
Argentina rapidly recovering as a world power in beef exports

Argentina, which a century ago became a world power on the back of its beef exports, is poised to re-enter the top 10 shippers, helped by the end of trade curbs, and a herd rebuilding from near-50-year lows.... read more

 Merco Press32 days ago
Argentina receives in Vigo state of the art fisheries scientific research vessel

Argentina baptized and received on Saturday in Vigo, Spain a state of the art scientific fisheries research vessel which will be incorporated to Mar del Plata based INIDEP's (National Institute of Research and Fisheries Development) fleet of vessels ... read more

 Merco Press33 days ago
Twelve-month Consumer prices in Argentina reach 22% in August

Consumer prices rose 1.4% in Argentina in August, government statistics agency Indec announced, bringing eight-month inflation to 15.4%. The central bank is targeting national inflation between 12 and 17% for 2017, well below economists' expectations... read more

 Merco Press37 days ago
BP and Bridas Corporation form Argentina's largest private integrated energy company

British Petroleum has agreed with Argentina's Bridas Corporation to form a new integrated energy company by combining their interests in the oil and gas producer Pan American Energy and the refiner and marketer Axion Energy in a cash-free transaction... read more

 Merco Press37 days ago
Israel's Netanyahu praises Macri for his efforts to solve the AMIA bombing

Benjamin Netanyahu on Tuesday used the first Latin America visit of a sitting Israeli prime minister to praise President Mauricio Macri's effort to solve the bombing of a Buenos Aires Jewish center, AMIA, in 1994 that killed 85 people.... read more

 Merco Press38 days ago
Falklands' Prado stand: Argentina puts pressure on Uruguay and UK embassy

Uruguay has requested that the Falkland Islands stand at the Great Britain pavilion in the country's main agriculture and industrial show, Expo-Prado, be withdrawn, following an emphatic statement and disappointment from Argentina regarding the Falkl... read more

 Merco Press38 days ago
Falklands at the Expo-Prado: Argentina makes official its disappointment to Uruguay

In a Sunday release the Argentine government regretted the presence of the Falkland Islands stand at the Prado agro-industry show which is taking place in Montevideo, and said it expects collaboration from the Uruguayan government.... read more

 Merco Press39 days ago
Malvinas Day will be remembered every 2 April in Puerto Argentino (Stanley), when sovereignty is recovered

The Argentine Senate has approved a bill establishing the Day of the Malvinas War Veteran and Fallen, which will be remembered every April 2nd in the Tierra del Fuego city of Puerto Argentino (Stanley, Falkland Islands), once sovereignty over the Isl... read more

 Merco Press40 days ago
Falklands at the Expo-Prado show: Argentina makes official its disappointment to Uruguay government

In a Sunday release the Argentine government regretted the presence of the Falkland Islands stand at the Prado agro-industry show which is taking place in Montevideo, and said it expects collaboration from the Uruguayan government.... read more

 Merco Press40 days ago
Argentine embassy disappointed with Falklands stand at the Prado show

The Argentine embassy met with officials from the Uruguayan Rural Association, ARU, to express their disappointment since the Falkland Islands have a stand at the Great Britain pavilion in the Prado agro-industry show in Montevideo, according to a re... read more

 Merco Press41 days ago
Chile and Argentina working on an energy, gas and power, swap deal

Chile expects to close an energy swap deal with Argentina in the days ahead, Chilean Energy Minister Andres Rebolledo said in an interview Thursday. The neighboring nations are also negotiating the locations for five additional transmission line inte... read more

 Merco Press43 days ago
Israel's prime minister Netanyahu will be visiting Argentina next week

Benjamin Netanyahu will next week become the first sitting Israeli prime minister to visit Latin America on a trip to include a stop in Argentina 25 years after the bombing of his country's embassy there.... read more

 Merco Press45 days ago
Falklands' Darwin cemetery holds 121 single unmarked graves reveals Red Cross

Humanitarian exhumation tasks at the Darwin cemetery in the Falkland Islands unearthed 121 body remains of Argentine combatants, and not 123 as originally expected, revealed the International Committee of the Red Cross, ICRC, during a media conferenc... read more

 Merco Press45 days ago
Falklands' dialogue in exchange for England organizing the 2018 World Cup

If the United Kingdom had consented to sit and negotiate the Falkland Islands, Argentina would have given its vote for England to organize the 2018 World Cup. The long standing rumor was confirmed by the son of Argentina's deceased powerful boss of t... read more

 Merco Press47 days ago
Argentine economy picking up spurred by manufacturing and construction

Argentina's economic activity expanded 4.0% in June compared with the same period the prior year, government statistics agency Indec said on Thursday, the latest sign of economic recovery ahead of legislative elections in October.... read more

 Merco Press48 days ago
UK ambassador hosts 35 young Argentines awarded Chevening scholarships

British Ambassador Mark Kent welcomed at his Residence the group of young Argentines who were awarded Chevening scholarships. Ambassador Kent joined members of the Chevening Alumni Association of Argentina and local authorities in wishing a safe and ... read more

 Merco Press49 days ago
Falklands' Argentine cemetery DNAs "good quality" so far, says Red Cross

About 50% of samples from exhumed remains of Argentine war dead buried in the Falkland Islands have been analyzed and all of them have provided good quality DNA, ICRC Operational Coordinator for Humanitarian Project Laurent Corbaz, stated this week. ... read more

 Merco Press50 days ago
Argentina considers renting fighter aircraft from Brazil for the G20 summit in Buenos Aires

Argentina will be hosting the 2018 G20 summit of world leaders and is considering renting fighter aircraft from Brazil as part of the security preparations since the country's air force is mostly grounded or with very limited interception and strike ... read more

 Merco Press51 days ago
Cristina Fernandez just manages to obtain the most votes in Buenos Aires Province Senate primary

Argentina ex-president Cristina Fernandez group “Citizens' Unity” obtained a significant 34.27% of votes cast in the August 13 PASO primary (open, simultaneous and mandatory) in the province of Buenos Aires to choose Senate candidates for the October... read more

 Merco Press52 days ago
Norway's Statoil joins YPF to explore for hydrocarbons in Vaca Muerta shale

Norway's Statoil, STO and YPF announced an agreement to explore hydrocarbons in the Vaca Muerta shale. Under the terms of the agreement, Statoil will enter the Bajo del Toro license block with a 50% interest. YPF will retain a 50% share and will rema... read more

 Merco Press53 days ago
Go ahead to build two dams in Patagonia's Santa Cruz, financed by China

Argentina’s government approved the construction of two hydroelectric dams in the southern Patagonia region province of Santa Cruz, after holding public hearings as required by the Supreme Court, according to a notice in the Official Gazette on Monda... read more

 Merco Press53 days ago
YPF shake up: CEO replaced with a six-member executive committee

The chief executive officer of Argentina’s state-owned oil company YPF has resigned and a six-member executive committee will run the company. The company did not name a replacement for CEO Ricardo Darre, who had held the job since July of last year.... read more

 Merco Press53 days ago
Falklands' war Peruvian air force Mirage on exhibition in Cordoba

One of the ten fighter bombers donated by Peru to Argentina during the 1982 South Atlantic conflict is being exhibited in the Velez Sarsfield Plaza, at the heart of Cordoba City, as part of the 105 anniversary celebrations of the Argentine Air Force.... read more

 Merco Press57 days ago
Argentina opens its market to US pork products

Argentina has agreed to allow imports of U.S. pork products for the first time since 1992, the White House said in a statement on Thursday. “Today’s announcement is a big win for American pork producers and proves that President Trump is getting real... read more

 Merco Press62 days ago
Applications for Chevening scholarships open in Argentina

The British Embassy in Buenos Aires has announced that the call for applications for Chevening scholarships will be open until 7 November. The scholarships are awarded to applicants with proven leadership skills and a strong professional and academic... read more

 Merco Press63 days ago
Argentine Senate head calls on UK for Falklands/Malvinas discussions

Argentine Senate president Federico Pinedo called on the British government "to sit down and discuss all issues (of the bilateral agenda) including the Malvinas dispute", and should also make a greater effort in improving its relations with Latin Ame... read more

 Merco Press65 days ago
Argentine stocks and the Peso strengthen following Sunday primary results

Argentine stocks rose, the peso strengthened more than 3% and credit default swaps fell on Monday after the mid-term legislative primary election was seen as favoring business-friendly President Mauricio Macri's reform effort.... read more

 Merco Press66 days ago
PM May supports Falklands' self determination; calls on Argentina to meet September joint communiqué

Prime Minister Theresa May reiterated the UK Government’s strong and wholehearted support for the Falkland Islands right to self-determination and underlined UK is seeking a more productive relation with Argentina but cautioned that the full potentia... read more

 Merco Press68 days ago
Opportunities to strengthen the UK-Argentina relationship

By British Ambassador Mark Kent (*) A few days ago I completed my first year as British Ambassador to Argentina. During this time, I have had the fortune to meet the people of the country, visit some of its cities, try its food, attend events and le... read more

 Merco Press68 days ago
Primaries in Argentina show Macri's coalition is en route to become the main political force

Argentina's ruling coalition headed by president Mauricio Macri managed better than expected overall results in Sunday's national mandatory and simultaneous primaries to choose candidates for the midterm elections of 22 October.... read more

 Merco Press68 days ago
Primaries in Argentina show Macri's coalition is en route becoming the main political force

Argentina's ruling coalition headed by president Mauricio Macri managed better than expected overall results in Sunday's national mandatory and simultaneous primaries to choose candidates for the midterm elections of 22 October.... read more

 Merco Press68 days ago
Argentina' final sprint to the midterm elections; the primary cost the central bank US$ 1.8bn

With trading much more relaxed on Friday ended the several days of money market uncertainty leading to Argentina Sunday´s primary election, an anticipation of what can happen in the midterm elections of 22 October when President Mauricio Macri's econ... read more

 Merco Press70 days ago
Argentina Sunday's primary election: a re-edition of the Cristina Fernandez/Macri dispute

On Sunday Argentines will be able to choose their candidates to the Senate and Lower House for the midterm October elections, in a process known as PASO, which means open mandatory, simultaneous primaries for all parties, but which are not compulsory... read more

 Merco Press71 days ago