EconomyLoop
where regional business news becomes global to everyone

Cristina Fernandez to face trial on charges of covering up terrorist bombing

Former Argentine president Cristina Fernandez de Kirchner will face trial on charges she covered up the role of Iranians in a 1994 terrorist bombing at a Jewish center in Buenos Aires, judicial authorities announced.... read more

 Merco Press48 days ago

     
Falklands' second commercial air-link: interest from several Brazilian airlines

The Director of Aviation at Aviation Economics Joanna Hunt commenting on the progress of a second commercial air-link to the Falkland Islands has confirmed there has been interest from airlines.... read more

 Merco Press48 days ago
Bignone, Argentina's last military dictator died; he was serving life sentence under house arrest

Reynaldo Bignone, the last military president from Argentina's 1976-1983 dictatorship, died on Wednesday at age 90, the country's state news agency said. Bignone had been serving life sentence under house arrest for multiple human rights crimes.... read more

 Merco Press49 days ago
Argentine presentation on the Falklands and the Chagos archipelago

A brief release from the Argentine foreign ministry indicates that on March first, on petition from the International Court of Justice, Argentina presented its Consultive Opinion on the juridical consequences of splitting the Chagos archipelago from ... read more

 Merco Press49 days ago
Argentine central bank anticipates volatility in the money exchange market

Argentines will have to get used to the volatility of the money exchange rate, advised Central Bank president Federico Sturzenegger on Wednesday when the US dollar (a sacred reference for Argentines) reached a new historic high above the 20 Pesos. (A... read more

 Merco Press49 days ago
Falklands' Darwin cemetery identified combatants are 89

The Argentine government reported on Wednesday that is had concluded the relatives notification round of the recently identified combatants buried at the Darwin cemetery in the Falkland Islands, and which apparently total 89, one more than originally... read more

 Merco Press49 days ago
YPF plans shale oil and gas production to increase 35% during 2018

Argentina’s state-owned oil company YPF SA expects shale oil and gas production to grow 35% in 2018, as costs in the Vaca Muerta shale play continue to fall, Chief Financial Officer Daniel Gonzalez said. Still, declining production in mature fields m... read more

 Merco Press50 days ago
Argentine seafood exports in 2017 totaled 475,591 tons and US$ 1,8bn

Argentine seafood exports grew by almost 7% in volume and around 16% in dollar value during 2017, according to the final figures published by the Under-secretariat of Fisheries in its latest Report. Data from the Economics Department, based on inform... read more

 Merco Press51 days ago
"Legacy" argument no longer stands for the Macri government, warns political analyst

The argument of the "legacy" from the Kirchner years no longer stands, since normally on the third year of an elected government public opinion becomes more demanding, explained Argentine political analyst Rosendo Fraga commenting on the latest event... read more

 Merco Press51 days ago
YPF recovers from 2016 and posts full year profit of US$ 627m for 2017

Argentina’s state-owned oil company YPF SA posted a full-year 2017 profit of 12.7 billion pesos (US$ 627.16 million), the company said, rebounding from a 28.4 billion-peso loss in 2016.... read more

 Merco Press52 days ago
Macri's ¨coffin¨ and insulting songs MMSOB, the latest fad in Argentine football stadiums

The police of Argentina's second city, Rosario seized four cardboard “coffins” one of them with the name of president Mauricio Macri, before a football match of the Argentine premier league, involving one of the city's leading teams Rosario Central.... read more

 Merco Press52 days ago
Cristina Fernandez and cronies must face trial on public works contracts

An Argentine judge on Friday said that ex-president Cristina Fernandez de Kirchner must face trial over alleged corruption related to the awarding of public contracts in her southern political stronghold of Patagonia.... read more

 Merco Press52 days ago
Falklands: Argentine tombstones with the names of identified soldiers should arrive Sunday

An Argentine charter is scheduled to land in the Falkland Islands this Sunday carrying the plaques (tombstones) with the names of the 88 now identified Argentine soldiers buried in the Darwin cemetery following a DNA forensic identification process d... read more

 Merco Press53 days ago
British Forces confirm defense talks in London between Argentina and UK

Falkland Islands' weekly Penguin News has received confirmation from the British Forces South Atlantic Islands Headquarters that earlier this week United Kingdom and Argentina held defense talks for the first time in over ten years. This week's PN re... read more

 Merco Press54 days ago
Macri confirms gradualist approach to economic reforms in speech to Congress

In his speech to Congress marking the opening of this year’s legislative session, Argentine president Mauricio Macri defended his business-friendly government’s so-called “gradualist” approach to economic reforms from critics who argue he should move... read more

 Merco Press54 days ago
British Forces confirm defense talks in London between Argentina and UK

Falkland Islands' weekly Penguin News has received confirmation from the British Forces South Atlantic Islands Headquarters that earlier this week United Kingdom and Argentina held defense talks for the first time in over ten years. This week's PN re... read more

 Merco Press54 days ago
Macri confirms gradualist approach to economic reforms in speech to Congress

In his speech to Congress marking the opening of this year’s legislative session, Argentine president Mauricio Macri defended his business-friendly government’s so-called “gradualist” approach to economic reforms from critics who argue he should move... read more

 Merco Press54 days ago
Spanish trawler caught illegally fishing in South Atlantic fined in Argentina and Spain

Argentina's Fisheries Secretariat imposed a 400.000 Euros fine, (the highest possible) and the seizure of the cargo, some 550.000 Euros, to Galicia's Pesquerias Marinenses following the arrest of trawler Playa Pesmar Uno which was caught operating in... read more

 Merco Press56 days ago
Falklands second commercial air link: "Avoid any Argentine flight connection"

The recent statement entitled ‘Progress made towards establishing a second commercial Falkland Islands air link’ released by the Falkland Islands Government has met with a mixed reception in the Islands. While some have expressed favor others have re... read more

 Merco Press57 days ago
Menem forecasts Peronism will rise from the ashes and be government in 2019

Former Argentine president Carlos Menem rated the government of Cristina Fernandez one, out of a scale of ten, and with a smile told a CNN interviewer that all Argentine governments had been exposed to corruption except his. He also anticipated that ... read more

 Merco Press57 days ago
Prolonged drought wrecking soybean and corn crops, threatens Argentina's growth

A prolonged drought wreaking havoc on Argentina's soybean and corn crops could threaten the country's economic performance in 2018, an official said, as the country seeks to grow for a second straight year after several years of biting recession.... read more

 Merco Press57 days ago
Argentina's foreign policy according to Jorge Faurie: Intelligent Insertion

Argentina foreign minister Jorge Faurie has written a long column, (full tabloid page) in Buenos Aires daily Clarin, under the heading of "Intelligent Insertion" describing motives and objectives of the country's foreign policy under president Mauric... read more

 Merco Press58 days ago
Falklands second commercial flight: "Damage from touchdown in Argentina"

The recent statement entitled ‘Progress made towards establishing a second commercial Falkland Islands air link’ released by the Falkland Islands Government has met with a mixed reception in the Islands. While some have expressed favor others have re... read more

 Merco Press59 days ago
Falklands/Darwin cemetery operation: all ready for relatives day-trip, according to Argentina

The trip of the relatives from the now identified 88 Argentine combatants buried at Darwin Cemetery, will be arriving to the Falkland Islands in three aircraft on 26th March at 09;30, and will be leaving by 16:00 hours of the same Monday, according t... read more

 Merco Press59 days ago
Drought hits Argentina's soybean and corn crop estimates: 10% and 12% down

The lack of rain triggered by the La Nina weather phenomenon has prompted the Rosario Exchange to cut its forecast of Argentina’s 2017/2018 corn and soybean crop by 12% and 10%, respectively, making it one of the most bearish analysts in the market.... read more

 Merco Press61 days ago
Falklands second commercial air link: “Flight route is done deal” believes Tim Miller

The following was published in the Penguin News, “Your Letters” section in response to the Falklands government last week’s release titled “Progress made towards establishing a second commercial Falkland Islands air link”... read more

 Merco Press61 days ago
Argentina foils major cocaine ring operating from the Russian embassy in Buenos Aires

An international drug trafficking ring operating out of the Russian Embassy in Buenos Aires was dismantled and several arrests made, Argentine police announced on Thursday.... read more

 Merco Press62 days ago
Argentine farmers agree to pay royalties to seed companies like Monsanto

Argentine farmers have agreed to pay perpetual royalties when they replant genetically modified seeds made by companies like Monsanto Co, a deal that could allow farmers access to the newest biotechnology.... read more

 Merco Press62 days ago
US adds more import duties on biodiesel from Argentina

The U.S. Commerce Department piled on more import duties on biodiesel from Argentina and Indonesia, adding anti-dumping duties of 60.44% to 276.65% to already steep anti-subsidy duties on the fuels.... read more

 Merco Press62 days ago
Falklands confirm March 26 visit of Argentine relatives of identified soldiers at Darwin cemetery

Following work undertaken by the International Committee of the Red Cross (ICRC) in identifying the remains of unidentified Argentine soldiers buried in the Falkland Islands Darwin cemetery, an Argentine private charter will be arriving at Mount Plea... read more

 Merco Press62 days ago
Falklands: Second flight statement meets approval and dismay

A statement entitled ‘Progress made towards establishing a second commercial Falkland Islands air link’ released last week by the Falkland Islands Government, but too late for publication in the Penguin News, has met with a mixed reception in the Isl... read more

 Merco Press62 days ago
Argentine union leader Moyano remembers Macri where the real opposition stands

Argentina's teamsters powerful boss, Hugo Moyano supported by members from banks, judicial and teachers unions, plus social, picketers and left wing groupings, together with Kirchner followers marched on downtown Buenos Aires Wednesday evening for a ... read more

 Merco Press62 days ago
Argentine union leader Moyano remembered Macri where the real opposition stands

Argentina's teamsters powerful boss, Hugo Moyano supported by members from banks, judicial and teachers unions, plus social, picketers and left wing groupings, together with Kirchner followers marched on downtown Buenos Aires Wednesday evening for a ... read more

 Merco Press63 days ago
US share of global sales of soybean and grains to shrink as South American competition grows

The U.S. Department of Agriculture sees U.S. corn and soybean exports generally increasing over the coming decade but the U.S. share of global sales will shrink as competition from South American producers heats up, the government said in its annual ... read more

 Merco Press63 days ago
Illinois farm industry concerned with main competitors Argentina and Brazilian growth

A market study tour in January to Argentina and Brazil by the US state of Illinois Farm Bureau helped farm bureau leaders and Illinois farmers learn more about their chief competitors. Tamara Nelsen, senior director of commodities at the Illinois Far... read more

 Merco Press64 days ago
Malvinas fallen relatives will be flying to Falklands at the end of March, says Argentine media

The next of kin of 103 Argentine combatants fallen during the 1982 Falklands conflict will be travelling to the Islands next 26 March with the purpose of honoring the 88 unknown conscripts, buried at the Darwin cemetery, that were finally identified ... read more

 Merco Press64 days ago
Union leader political rally in Buenos Aires to challenge Macri and his policies

The Argentine powerful teamsters union will be holding their first political rally in downtown Buenos Aires this Wednesday in a clear defiance of President Mauricio Macri's policies to combat inflation, launch the economy and attract foreign direct i... read more

 Merco Press65 days ago
Falklands' second commercial air link invitation delivered to Uruguay

Representatives from Argentina and the United Kingdom formally delivered on Monday, to the Uruguayan foreign minister a letter jointly issued by the two governments requesting assistance in contacting local airlines and inviting them to communicate t... read more

 Merco Press65 days ago
Argentina moves closer to the US in security and crime-fighting policies

Argentina is taking new steps to solidify its security relationship with the United States, a move that may be aimed at generating support — both political and material — for a shift toward more hard-line domestic crime-fighting policies. In a trip t... read more

 Merco Press68 days ago
Argentine January inflation 1.8%; minister admits it is a slower pace than expected

Argentina's Consumer Price Index (CPI) rose by 1.8% in January 2018, after increasing 3.1% in December 2017, said the country's statistics office Indec. Despite the deceleration, the reading was higher than market expectations for the monthly consume... read more

 Merco Press68 days ago
Madrid warned "Playa Pesmar Uno" five times it was sailing into Argentine waters

The Spanish Fishing Monitoring Center, CSP, located in Madrid had revealed it warned the trawler "Playa Pesmar Uno" five times that is was sailing into Argentine waters before it was finally arrested by the Argentine authorities, according to Albert... read more

 Merco Press68 days ago
Falklands' second weekly commercial air link talks take off, and should crystallize by next October

The United Kingdom and Argentina, following on the September 2016 joint communiqué to establish additional air links with the Falkland Islands, jointly announced on Friday that third country airlines interested in such operations will be contacted. I... read more

 Merco Press68 days ago
Falklands angry with National Geographic; demands apology to the Islands and its people

Anger has been expressed in the Falkland Islands this week over a letter which was sent to the Argentine Governor of Tierra del Fuego, Rosana Bertone, by a representative of the National Geographic Foundation. The letter, dated February 8, contains a... read more

 Merco Press69 days ago
Madrid warned "Playa Pesmar Uno" five times it was sailing into Argentine waters

The Spanish Fishing Monitoring Center, CSP, located in Madrid has revealed it warned the trawler "Playa Pesmar Uno" five times that is was sailing into Argentine waters before it was finally arrested by the Argentine authorities, according to Albert... read more

 Merco Press69 days ago
Spain anticipates a new South Atlantic scientific commission sometime this year

Spain's Fisheries authorities believe that in the near future there will be an understanding between Argentina and the Falkland Islands regarding the South Atlantic fisheries since it makes sense to share conservation responsibilities.... read more

 Merco Press69 days ago
Argentina central bank holds benchmark rate at 27.25%; inflation data on Thursday

Argentina’s central bank held its benchmark seven-day interbank lending rate at 27.25% on Wednesday, the monetary authority said in a statement, amid an increase in inflation expectations and “mixed signals” in prices so far this year.... read more

 Merco Press70 days ago
Gatwick/Buenos Aires air shuttle by Norwegian start from £259 one-way

This Wednesday, the first ever budget flight from London to South America departs from Gatwick airport. Fares on the 14-hour Norwegian Air Shuttle flight to Buenos Aires start from £259 one-way. The seats are tightly packed and food and luggage cost ... read more

 Merco Press71 days ago
The Wall Street Journal: "Inflation stalks Macri in Argentina"

The Wall Street Journal has published a piece on the political situation of Argentine president Mauricio Macri, battling inflation, an undelivered electoral pledge, and allegedly very much aware of a long standing spell: no non Peronist president has... read more

 Merco Press71 days ago
Argentine ambassador and Sukey Cameron at Capt Rick Jolly funeral

Hundreds have attended the funeral of a Royal Navy medical officer who saved hundreds of troops during the Falklands War. Surgeon Capt Rick Jolly, who reputedly saved the life of every British serviceman he treated, died aged 71 on 13 January.... read more

 Merco Press72 days ago
Interpol facial recognition nets Slovak most wanted murder in Buenos Aires

Police in Buenos Aires have arrested an internationally wanted murder suspect after his image was identified as a likely match by INTERPOL’s facial recognition unit.... read more

 Merco Press75 days ago