EconomyLoop
where regional business news becomes global to everyone

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 Press1 hour 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 Press17 hours 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 PressYesterday
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 Press5 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 Press5 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 Press6 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Islands stand at the Great Britain pavilion in the country's main agriculture and industrial show, Expo-Prado, be withdrawn, following an emphatic statement and disappointment from Argentina regarding the Falkl...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 Press6 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 Press8 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 Press8 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 Press8 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 Press10 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 Press11 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 Press13 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 Press13 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 Press15 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 Press17 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 Press17 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 Press18 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 Press19 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 Press20 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 Press21 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 Press21 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 Press21 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 Press25 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 Press30 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 Press31 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 Press33 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 Press35 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 Press36 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 Press36 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 Press36 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 Press36 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 Press38 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 Press39 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 Press39 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 Press40 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 Press40 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 Press40 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 Press42 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 Press42 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 Press43 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 Press43 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 Press43 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 Press46 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 Press47 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 Press48 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 Press48 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 Press49 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 Press49 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 Press54 days ago