EconomyLoop
where regional business news becomes global to everyone

Danish Royals visit Argentina with a delegation to promete business and trade

Denmark's Queen Margrethe II and Crown Prince Frederik are spearheading an official state visit to Argentina which started this Monday ahead of a larger business delegation which seeks to make inroads in the country.... read more

 Merco Press8 hours ago

     
Macri admits his father was part of an extortion system during the Kirchner years

Franco Macri's dealings with the former Kirchnerite governments amount to a "crime," Argentine president Mauricio Macri declared on Sunday in a wide-ranging primetime interview that touched on corruption, influence peddling, the October elections, fo... read more

 Merco Press9 hours ago
Another corruption charge for ex president Cristina Fernandez: fraudulent import of liquid gas

Argentina's former president Cristina Kirchner was charged in yet another corruption investigation on Monday, in this case over the fraudulent import of liquid gas. Judge Claudio Bonadio, who Cristina Kirchner accuses of political persecution, reques... read more

 Merco Press9 hours ago
IMF commends Argentina's stabilization efforts, releases next US$ 10.8bn, but also demands more austerity

An International Monetary Fund (IMF) mission led by Mr. Roberto Cardarelli visited Argentina during February 11–22, 2019 to conduct discussions on the Third Review of Argentina’s IMF-supported program under the Stand-By Arrangement (SBA). Talks conti... read more

 Merco Press11 hours ago
Falkland’s 1982 civilian hero and life-long radio ham dies in England

The Falkland Islands weekly Penguin News reported this week on the death in England of Reginald (Reg) Silvey, one of the perhaps lesser known civilian heroes of the war in 1982, but almost certainly the one whose activities put him most at risk of ar... read more

 Merco PressYesterday
Iranian couple caught in Argentina with fake Israeli passports

Argentine security officials say that an Iranian couple was arrested in Buenos Aires for travelling on fake Israeli passports. Local reports say a 27-year old man and a 30-year old woman were arrested on March 12, travelling on forged Israeli passpor... read more

 Merco PressYesterday
China and Argentina resume talks for the construction of a nuclear power plant

A delegation from China will visit Argentina this month to discuss the construction of a nuclear power plant, signaling possible progress in a deal that could increase Beijing’s deepening influence in Argentina. Accordingly, the “technical team” from... read more

 Merco Press3 days ago
IMF prepared to help Argentina stabilize exchange market volatility in election year

Argentina’s central bank wants to license market makers to help stabilize its embattled peso currency when the Treasury starts newly announced dollar sales in April. The bank hopes the market makers, dealers who agree to buy and sell at set prices, w... read more

 Merco Press3 days ago
Argentine inflation in February, 3.8% and 51% in twelve months; central bank new measures

Argentina’s stubbornly high inflation accelerated again in February, the government said on Thursday, sparking the central bank chief to pledge new measures to rein in rising prices that have dogged the South American economy over the last year.... read more

 Merco Press4 days ago
Cristina Fernandez flies to Cuba to be next to her sick daughter

Ex-Argentine president Cristina Fernández de Kirchner left on Thursday for Cuba to assist her 29-year-old daughter Florencia, who is receiving medical treatment. In a dramatic video posted on her Twitter, the senator for Buenos Aires province said th... read more

 Merco Press4 days ago
Falklands coordinates distressed yacht Paradise rescue; injured crew member will be helicoptered to Stanley

Early morning Thursday a helicopter from the Falkland Islands will be lifting ashore from the search and survey vessel Seabed Constructor, a Luxembourg national who suffered head injuries during the capsizing of the French flagged yacht Paradise in t... read more

 Merco Press4 days ago
Argentina's Peso hit a record low to the dollar weakening 4%

Argentina’s struggling currency hit a record low against the dollar on Thursday, weakening over 4% to close at 42.5 pesos per dollar, a challenge for President Mauricio Macri as he looks to right the economy ahead of elections in October.... read more

 Merco Press4 days ago
Next visit of Malvinas relatives to the Falklands takes off on Wednesday

Next Wednesday a group of relatives of Argentine soldiers fallen in the 1982 South Atlantic conflict and  whose remains were recently identified will be travelling to the Argentine military cemetery at Darwin in the Falkland Islands. Relatives will b... read more

 Merco Press4 days ago
Governor of Argentina's shale gas and oil province reelected, defeating Macri and Cristina Fernandez candidates

The governor of Argentina's Neuquen province, home to the vast Vaca Muerta shale gas and oil formation, easily won re-election on Sunday, defeating a candidate allied with President Mauricio Macri and another with former President Cristina Fernandez.... read more

 Merco Press4 days ago
Argentina boosting natural gas output and plans pipeline to supply Buenos Aires

" width="100" height="80" style="float:left;margin:0 12px 6px 0;border:1px solid #333" /> Argentina’s efforts to boost its natural gas output and supply are progressing through new pipeline and transport projects and auctions, moves that ar... read more

 Merco Press4 days ago
Relatives of identified Argentine combatants visit cemetery in Falklands; accord not to fly defaced Argentine flags

Sixty-five next of kin of Argentine combatants buried in the Falkland Islands and whose remains were recently identified, visited the Argentine military cemetery at Darwin to pay their respects and pray next to the graves of their loved ones.... read more

 Merco Press4 days ago
Union halts operations at Argentina's biggest gold mine

A strike at Canadian Goldcorp Inc’s Cerro Negro mine in Argentina has forced a halt to operations, the company said on Tuesday, calling the union’s action at its biggest mine illegal. Mining activities stopped when the strike by the Asociacion Obrera... read more

 Merco Press4 days ago
Argentina forecasted to increase the wheat area planted for the 2019/20 season

Argentina's wheat planting area will rise again in 2019/20, industry experts anticipated, which could mean another bumper harvest after a record wheat crop last season. The area could reach up to 6.9 million hectares, analysts and farmers said, which... read more

 Merco Press4 days ago
Argentina and Colombia will host the 2020 Copa America; US proposal rejected

The South American Football Confederation (CONMEBOL) has rejected a proposal from the United States and awarded the 2020 Copa America tournament to Argentina and Colombia. CONMEBOL officials meeting in Miami on Wednesday said the joint bid was accept... read more

 Merco Press4 days ago
Argentine foreign minister receives next of kin who returned from “our Malvinas”

“I imagine you have gone through moments of great emotion in the Islands, next to the graves with the 112 full names, which until now remained unidentified”, Argentine foreign minister Jorge Faurie was quoted in an official release, on receiving the ... read more

 Merco Press4 days ago
Argentina forecasted to increase the wheat area planted for the 2019/20 season

Argentina's wheat planting area will rise again in 2019/20, industry experts anticipated, which could mean another bumper harvest after a record wheat crop last season. The area could reach up to 6.9 million hectares, analysts and farmers said, which... read more

 Merco Press5 days ago
Argentine foreign minister receives next of kin who returned from “our Malvinas”

“I imagine you have gone through moments of great emotion in the Islands, next to the graves with the 112 full names, which until now remained unidentified”, Argentine foreign minister Jorge Faurie was quoted in an official release, on receiving the ... read more

 Merco Press5 days ago
Argentina and Colombia will host the 2020 Copa America; US proposal rejected

The South American Football Confederation (CONMEBOL) has rejected a proposal from the United States and awarded the 2020 Copa America tournament to Argentina and Colombia. CONMEBOL officials meeting in Miami on Wednesday said the joint bid was accept... read more

 Merco Press5 days ago
Union halts operations at Argentina's biggest gold mine

A strike at Canadian Goldcorp Inc’s Cerro Negro mine in Argentina has forced a halt to operations, the company said on Tuesday, calling the union’s action at its biggest mine illegal. Mining activities stopped when the strike by the Asociacion Obrera... read more

 Merco Press5 days ago
Relatives of identified Argentine combatants visit cemetery in Falklands; accord not to fly defaced Argentine flags

Sixty-five next of kin of Argentine combatants buried in the Falkland Islands and whose remains were recently identified, visited the Argentine military cemetery at Darwin to pay their respects and pray next to the graves of their loved ones.... read more

 Merco Press5 days ago
Argentina boosting natural gas output and plans pipeline to supply Buenos Aires

" width="100" height="80" style="float:left;margin:0 12px 6px 0;border:1px solid #333" /> Argentina’s efforts to boost its natural gas output and supply are progressing through new pipeline and transport projects and auctions, moves that ar... read more

 Merco Press6 days ago
Governor of Argentina's shale gas and oil province reelected, defeating Macri and Cristina Fernandez candidates

The governor of Argentina's Neuquen province, home to the vast Vaca Muerta shale gas and oil formation, easily won re-election on Sunday, defeating a candidate allied with President Mauricio Macri and another with former President Cristina Fernandez.... read more

 Merco Press8 days ago
Next visit of Malvinas relatives to the Falklands takes off on Wednesday

Next Wednesday a group of relatives of Argentine soldiers fallen in the 1982 South Atlantic conflict and  whose remains were recently identified will be travelling to the Argentine military cemetery at Darwin in the Falkland Islands. Relatives will b... read more

 Merco Press8 days ago
Argentina's Peso hit a record low to the dollar weakening 4%

Argentina’s struggling currency hit a record low against the dollar on Thursday, weakening over 4% to close at 42.5 pesos per dollar, a challenge for President Mauricio Macri as he looks to right the economy ahead of elections in October.... read more

 Merco Press11 days ago
Argentina and UK coordinating joint SAR operations and logistics in Antarctica

Argentina and UK are holding their second defense bilateral meeting in Buenos Aires, following on last year's first round held in London which put an end to fourteen years of interruption under the administrations of the Kirchner couple.... read more

 Merco Press12 days ago
Argentina and Brazil markets open Wednesday with steep losses

Latin American stocks hovered near 2019 lows on Wednesday led by steep losses in Argentina and Brazil which resumed trading after a two-day Carnival holiday, while currencies of oil exporters in the region fell as crude prices came under pressure. MS... read more

 Merco Press12 days ago
Argentina's start of new school year postponed by teachers' strike

Argentina’s new school year, scheduled to start on Wednesday, was widely postponed until next week by a three-day strike by teachers who say their wages are not keeping up with inflation.... read more

 Merco Press12 days ago
Falklands coordinates distressed yacht Paradise rescue; injured crew member will be helicoptered to Stanley

Early morning Thursday a helicopter from the Falkland Islands will be lifting ashore from the search and survey vessel Seabed Constructor, a Luxembourg national who suffered head injuries during the capsizing of the French flagged yacht Paradise in t... read more

 Merco Press12 days ago
Falklands trip: “strongest experience of my life; it opened my head in several aspects”

“An incredible experience, the strongest of my life, it opened my head in several aspects”, said Nicolás Aguiar, the Argentine 24 year old international-relations student who spent a week in the Falkland Islands as a guest of the local government.... read more

 Merco Press14 days ago
Argentina, Chile and Uruguay plan joint presentation at Seatrade Cruise Global 2019

Argentina, Chile and Uruguay will be making a joint presentation at the next Seatrade Cruise Global 2019, in Miami, as part of a joint strategy to attract more cruise tourism to the region. The announcement was done by Uruguay's ports authority, Albe... read more

 Merco Press14 days ago
Argentina's seven-week Illex squid season has totaled 50.195 tons

The 2019 squid season in Argentina took off with very good weekly yields, and average catches per vessel of 34.6 tons/day during the first seven weeks of operations south of the 44th parallel.... read more

 Merco Press14 days ago
Chinese jigger illegally operating flees from the Argentine Coast Guard

A Chinese flagged jigger, “Hua Xiang 801” has fled from the Argentine Coast Guard, ignoring calls to stop engines, and intimidating shots, after it was discovered red-handed operating in Argentine waters early Sunday dawn.... read more

 Merco Press15 days ago
Footballer Emiliano Sala death unveils the “grey charter” business in the UK

The pilot of the crashed plane carrying footballer Emiliano Sala dropped out of training for his commercial pilot's license before it was completed. David Ibbotson, who has still not been found, was not licensed to carry paying passengers, which has ... read more

 Merco Press15 days ago
Father of Argentine president and prominent businessman dies at age 88

Franco Macri, the father of Argentina's president who migrated to the South American country from Italy as a teenager and went on to become one of its most prominent businessmen, died on Saturday, the president's office said. He was 88.... read more

 Merco Press15 days ago
Macri defended his austerity policies before Congress in the midst of applause, and heckling from the opposition

President Mauricio Macri delivered a robust defense of his austerity policy on Friday in a State of the Union address to Argentina's Congress ahead of a reelection bid in October. Macri went on the offensive in a turbulent session that featured shout... read more

 Merco Press17 days ago
Guaido stops in Asunción from Brasilia and enroute to Argentina

Paraguay's President Mario Abdo Benitez Friday welcomed Venezuelan dissident acting President Juan Guaidó, saying the latter represented hope for his people. Abdo added Nicolás Maduro's tyranny must end.... read more

 Merco Press17 days ago
Buenos Aires federal court finds no evidence to convict Menem of AMIA bombing cover-up

Former Argentine president and current senator Carlos Menem was acquitted Thursday in the trial for the cover-up of the 1994 attack on the headquarters of the Asociación Mutual Israelita Argentina (AMIA).... read more

 Merco Press18 days ago
Argentina's economic activity dropped 2.6% in 2018, says Indec

Argentina's economic activity fell 2.6% in 2018 versus the previous year, government statistics agency Indec said on Wednesday, underscoring the turmoil that dragged the country into recession last year.... read more

 Merco Press19 days ago
Cesarean surgery to an 11-year old raped girl reopens abortion debate in Argentina

The cesarean section carried out on an 11-year-old girl raped by her grandmother's husband has reopened the debate about abortion in Argentina, where rules on pregnancy terminations are strict.... read more

 Merco Press19 days ago
Faurie: ICJ Chagos ruling favours Argentina's claim over Falklands

Argentina celebrated this week's ruling by the International Court of Justice's (ICJ) whereby the United Kingdom must return the Chagos Archipelago to the Republic of Mauritius, an island country located in the southwest of the Indian Ocean, somethin... read more

 Merco Press20 days ago
Argentina's chief rabbi seriously injured at his home by seven assailants

The head of Argentina’s main Jewish group said an assault Monday on the country’s chief rabbi was motivated by anti-Semitism. Rabbi Gabriel Davidovich was beaten and seriously injured by assailants who broke into his home while he and his wife were t... read more

 Merco Press20 days ago
Falklands' government announces visit of Argentine next of kin on 13 March

The Falkland Islands elected government announced on Monday the visit of Argentine next of kin scheduled for 13 March. The release states that following the identification of a further 18 unknown Argentine soldiers, buried at the Argentine military C... read more

 Merco Press21 days ago
Cristina Fernandez in court refuses to answer questions and claims she is a victim of political persecution

Argentina's former president Cristina Fernandez de Kirchner appeared in court on Monday for the third time in relation to the "corruption notebooks" scandal in which she is accused of accepting millions of dollars' worth of bribes.... read more

 Merco Press21 days ago
Falklands will receive Malvinas Families relatives next 13 March

The relatives of the latest 29 Argentine soldiers remains identified in the Falklands will be flying on 13 March to the Islands, to the Argentine military cemetery at Darwin to pray and honor their loved ones. The announcement was done by the Argenti... read more

 Merco Press22 days ago
UK's Falklands garrison force travels to Argentina for Search and Rescue exercises

The new Commander of British Forces South Atlantic Islands, CBFSAI, Brigadier Nick Sawyer said that a small team of his garrison will be travelling to Argentina, at the end of the month, for search and rescue exercises, as part of the (UK, Argentina ... read more

 Merco Press22 days ago