EconomyLoop
where regional business news becomes global to everyone

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 Press3 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 Press4 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 Press6 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 Press8 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 Press9 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 Press9 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 Press9 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 Press9 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 Press11 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 Press12 days ago
Falklands' Argentine cemetery clandestine photos: Red Cross has all the facts and identity of the alleged individual

”Everything was caught on camera and there is an ongoing investigation,” the International Red Cross has confirmed, referring to the controversy in July when images of the Argentine cemetery in the Falkland Islands were reproduced in the Argentine pr... read more

 Merco Press12 days ago
Argentine farmers investing heavily for the next planting season following on a record crop year

Argentine farmers will increase investments in the next corn planting season despite fears about a political comeback for former President Cristina Fernandez, who implemented export taxes and restrictions despised by the sector, according to industry... read more

 Merco Press13 days ago
Fear of a Cristina Fernandez comeback has cost the Argentine central bank over a billion dollars

The Argentine primary next Sunday when the different parties will choose their candidates for the midterm elections of 22 October, and the possibility of a comeback of ex president Cristina Fernandez, and all that she represents, has cost the Argenti... read more

 Merco Press13 days ago
Macri confident in a flush of investments after his coalition win in midterm elections

President Mauricio Macri anticipated on Tuesday that investments in Argentina would multiply after what he predicted will be a triumph for his Let's Change Coalition in October's mid-term elections. While Macri said his allies would win “by a lot” na... read more

 Merco Press13 days ago
Markets (and investors) in Argentina waiting for Sunday primary results

The technical tie for the Senate seat in the province of Buenos Aires is being closely followed by the business community and potential investors in Argentina, fearing that a victory by ex president Cristina Fernandez over the candidate sponsored by ... read more

 Merco Press15 days ago
Royal Mint will supply Argentina with 150 million Peso coin blanks

UK’s Royal Mint will supply Argentina with 150 million peso coins, after the institution won a contract to assist with the minting of a new coin series. Announced on social media by UK chancellor Philip Hammond, the mint will work closely with its Ar... read more

 Merco Press15 days ago
Falkland/Malvinas Islands: Forensic field work to identify remains of Argentine soldiers comes to an end

During seven weeks of intense work, which began on 20 June, a team of 14 specialists – from Argentina, Australia, Chile, Mexico, Spain and the United Kingdom – exhumed, analysed, sampled and documented the remains of each of the unidentified soldiers... read more

 Merco Press16 days ago
The work of an ICRC forensic team to identify Argentine soldiers buried in Darwin cemetery came to an end on 7 August with a simple religious ceremony

During seven weeks of intense work, which began on 20 June, a team of 14 specialists – from Argentina, Australia, Chile, Mexico, Spain and the United Kingdom – exhumed, analysed, sampled and documented the remains of each of the unidentified soldiers... read more

 Merco Press16 days ago
Cristina Kirchner/Macri dispute Buenos Aires province Senate seat

With less than a week to the Argentine primaries next Sunday to chose candidates for the October midterm election, the dispute in the province of Buenos Aires which concentrates 35% of the national electorate is particularly interesting as decisive s... read more

 Merco Press16 days ago
Cristina Fernandez could become Senator, but overall Macri will have a stronger block in congress

With less than two weeks for the PASO compulsory primaries in Argentina, in anticipation of the October midterm elections, the ruling political party of president Mauricio Macri "Let us change", is expected to come out in "a better position", whether... read more

 Merco Press19 days ago
Hammond and Macri agree to expand trade, investment and building closer links

Argentine president Mauricio Macri received on Wednesday Chancellor of the Exchequer Philip Hammond, who had anticipated the purpose of the visit was to deepen UK-Argentine economic partnership and address political issues of common interest, such as... read more

 Merco Press20 days ago
The Buenos Aires Herald, part of Argentina's history folds after more than 140 years

The Buenos Aires Herald, a long established English-language newspaper lauded for its coverage of Argentina's 1976-1983 military dictatorship, will close after more than 140 years of publication, the newspaper said late on Monday.... read more

 Merco Press21 days ago
Hammond begins round of trade and political talks in Argentina

The Chancellor of the Exchequer begins on Wednesday a round of trade, investment and political contacts in Argentina, following a two day visit to Brazil, as part of a tour of South America's biggest economy. It will be the most important visit of a ... read more

 Merco Press21 days ago
Argentine Peso rises against the US dollar as Central Bank shows its muscle

Argentina's Peso rose against the dollar on Monday for the first time in two weeks, after the central bank intervened in the foreign exchange markets on Friday to halt the currency's rapid decline to historic lows, when it reached 18 Pesos.... read more

 Merco Press22 days ago
Hammond arrives in Argentina on trade mission; scheduled to meet Macri

Chancellor of the Exchequer Philip Hammond is scheduled to arrive in Buenos Aires Tuesday evening following a two day business promotion visit to Brazil. It will be the first time a leading UK cabinet minister sets foot in Argentina in sixteen years;... read more

 Merco Press22 days ago
Argentina and Uruguay plan to make a joint bid to host the 2030 World Cup

Argentina and Uruguay are going ahead with plans to make a joint bid to host the 2030 World Cup despite expected competition from China and others .The South American neighbors are counting on sentimental support with Uruguay hosting the first World ... read more

 Merco Press27 days ago
ARA Libertad docks in Southampton: Open Day on Friday and Saturday

Argentina´s navy frigate and tall ship ARA Libertad dropped anchor in Southampton on Wednesday as part of 46th midshipman promotion world tour which left Buenos Aires last March. Ambassador Carlos Sersale di Cerisano received the flagship of the Arge... read more

 Merco Press27 days ago
Argentina confident Falklands dialogue is advancing gently

Argentine foreign minister Jorge Faurie said dialogue on the Falkland/Malvinas Islands with the United Kingdom is "advancing" and both countries are determined to "enrich the relation", but it is a path which is possible as long as the sovereignty of... read more

 Merco Press28 days ago
Falklands war new book says invading Argentines faced fierce defense from Marines and suffered heavy casualties

A new book has challenged the official account of the Falklands War, including allegedly one of the worst kept secrets of the conflict. The First Casualty, written by noted military historian Ricky Phillips, reveals that, far from surrendering withou... read more

 Merco Press30 days ago
Argentina posts a primary fiscal deficit of 1.5% of GDP

Argentina posted a primary fiscal deficit of 144 billion pesos (US$8.4 billion), or 1.5% of GDP in the first half of 2017, Treasury Minister Nicolas Dujovne said on Wednesday, beating the government target for a gap of 2% of GDP. The primary fiscal d... read more

 Merco Press34 days ago
The Frigate "Libertad" arrives at Southampton next week

On 26th July the Frigate ARA Libertad will arrive at Queen Elizabeth II Cruise Terminal, Eastern Docks, Berth 38, in Southampton, where the Argentine Ambassador to the United Kingdom R. Carlos Sersale di Cerisano will welcome the crew of 27 officers,... read more

 Merco Press34 days ago
Top oil companies plan to invest US$ 1.15bn in Patagonia's shale formation

BP unit and subsidiaries of France’s Total and Germany’s Wintershall have signed an investment agreement with Argentina’s state-run oil company YPF to jointly invest US$1.15 billion in the Vaca Muerta shale formation in Argentina.... read more

 Merco Press34 days ago
"Dump Falklands and Tierra del Fuego, they are too expensive", says Argentine top banker

Another member of Argentine President Mauricio Macri administration is in trouble over statements referred to the Falkland Islands, which were actually unearthed from years back, but in election time strange things tend to happen and social networks ... read more

 Merco Press34 days ago
Argentina's central bank hikes interest rates to combat high inflation

Argentina's central bank hiked interest rates on its short-term securities on Tuesday in its monthly auction, the second such increase in the past three months as it seeks to soak up pesos and rein in stubbornly high inflation.... read more

 Merco Press35 days ago
Red Cross expected to explain how Falklands' Darwin cemetery pictures were taken

Controversy has erupted in Argentina following the release in Facebook of clandestine pictures from the current exhumation works at the Darwin Cemetery in the Falklands with the purpose of identifying the remains of Argentine combatants in at least 9... read more

 Merco Press35 days ago
Farage mentions Argentina/Falklands policy to blast Foreign Office's expenditure

The former leader of the UK Independent Party and great promoter of the Leave position in the Brexit referendum Nigel Farage, has mentioned Argentina and Falklands policy as proof that Britain’s foreign aid budget is being spent in completely the wro... read more

 Merco Press35 days ago
Falkland/Malvinas Islands: ICRC work to identify Argentine soldiers buried in Darwin cemetery continues as planned

The work of the forensic team from the International Committee of the Red Cross (ICRC) to identify Argentine soldiers buried in Darwin cemetery is making good progress and proceeding as planned.... read more

 Merco Press36 days ago
Argentine administration props the housing and construction industry ahead of mid term elections

Argentina's new subsidized mortgage scheme is gathering steam, boosting construction activity and winning over the middle class ahead of mid-term elections in October that will determine the future of President Mauricio Macri's market-friendly agenda... read more

 Merco Press36 days ago
Mercosur farmers will continue to vaccinate against foot and mouth disease

Mercosur Federation of Rural Associations consider inconvenient that the region should cease to vaccinate cattle against foot and mouth disease.... read more

 Merco Press37 days ago
Falklands' demining operations since 2009 have cost London £16.6 million

The British government has spent £ 16.604.385 in demining operations in the Falkland Islands since 2009. The information was confirmed by the Foreign Office following a request under the Freedom of Information Act 2000.... read more

 Merco Press38 days ago
Argentine court confirms phone calls to Falklands/Malvinas must be billed as domestic

Argentine justice confirmed that phone calls to the Falklands/Malvinas Islands must be billed as local calls and not long distance. Argentine telecoms companies Telefonica and Telecom said that this was normal procedure, however a client presented a ... read more

 Merco Press41 days ago
Oil and gas production in Argentina has fallen to its lowest in 25 years

Oil and gas production in Argentina has fallen to 1981 levels, the lowest in 25 years, despite a $14 million government subsidy for the first five months of this year. From last year to May 2017, the country has produced 2,311,736 m3 of oil and just ... read more

 Merco Press42 days ago
British couple will make history this weekend when they marry at Antarctica's Rothera Station

British couple will make history this weekend when they become the first to tie the knot in the British Antarctic Territory. Bride-to-be Julie Baum and her groom Tom Sylvester will take their vows at the icy cold Rothera Research Station, almost 2,00... read more

 Merco Press43 days ago
Falklands hopes complete clearance of minefields will be completed at the end of the decade

The Falkland Islands hope that the complete clearance of the minefields, a legacy of the 1982 Argentine military invasion, can be finalized by the end of the decade and in the meantime it is actively considering post-clearance management of those sit... read more

 Merco Press46 days ago
Canning House to host round table with UK ambassadors from Southern Cone

British Ambassadors to the Southern Cone countries, Argentina, Brazil, Uruguay and Chile will be attending Canning House to give round-table briefings on their experiences since their recent appointments to their respective posts. They will present t... read more

 Merco Press46 days ago
Macri-May meeting in Hamburg suspended; rescheduling under consideration

The first day of the G20 summit is nearly over, and on Friday afternoon in Hamburg, British Prime Minister Theresa May canceled her solo meeting with Argentine President Mauricio Macri due to “scheduling problems.”... read more

 Merco Press46 days ago
Under Kirchnerism the Air Force lost more aircraft than in the Falklands' war

Argentine defense minister Julio Martinez criticized the previous government policies towards the Armed Forces saying that during the Falklands/Malvinas conflict the country lost 72 aircraft, but under the administrations of Nestor and Cristina Kirch... read more

 Merco Press47 days ago
UK will fund 21 projects from Argentine government agencies and civil society

The British Embassy in Argentina has selected 21 project bids submitted by government agencies and civil society organizations which will award almost 10 million pesos worth of funding during the second half of 2017. The initiative follows on the spi... read more

 Merco Press48 days ago
Icebreaker Almirante Irizar expected in Puerto Belgrano for high seas trials

The emblematic Argentine navy icebreaker Almirante Irizar, responsible for the country's Antarctic effort left Buenos Aires on Tuesday for high sea trials. The Atlantic incursion was its first in ten years, since in 2007 the icebreaker suffered a maj... read more

 Merco Press49 days ago
Argentine destroyer damaged as she leaves for international exercise

Destroyer "La Argentina" was damaged when it rammed its bow against a jetty at the Punta Alta naval base while attempting to make it to the high seas. She is scheduled to join an international naval exercise in the Pacific and bring several helicopte... read more

 Merco Press49 days ago