Dollar closes stable and Argentine shares regain ground
On September 5, 2019 by Lenora GalloThe dollar today closed stable on the fourth day since the debut of the exchange restrictions. In its retail version, according to the daily average of the Central Bank (BCRA), the day ended at a value of $58.21, 15 cents above yesterday’s price. In its wholesale version, meanwhile, it closed at the same value as
Eduardo Costantini: “Our problem is not lack of resources, but the people who hold key positions”
On September 4, 2019 by Dacio Sadd“Our problem is not the lack of natural resources but the management of people, especially those who occupy positions in key places of different sectors,” Costantini said today, in front of the main business leaders of the country. During his participation in the 4th Conference of the Argentine Business Association (AEA), the real estate developer
Mauricio Macri at AEA: “These are measures that we don’t like and that are only justified in an emergency”
On September 4, 2019 by Clareta MarchesiThe president, Mauricio Macri, has closed the 4th day of the Argentine Business Association (AEA), which takes place today at the Sheraton Hotel de Retiro. He talked about post-STEP instability and admitted the mistakes: “We have made mistakes and given forecasts that were not met.” In a context in which the financial markets show a
Miguel Acevedo, president of the UIA: “It will take us 10 years to rebuild the purchasing power”
On September 3, 2019 by Dacio SaddThe president of the Argentine Industrial Union (UIA), Miguel Acevedo, spoke this morning after the absence of President Mauricio Macri at lunch with businessmen and took the opportunity to criticize the management. Asked about how he would explain his current situation to his peers in other countries, he would not know what to answer. “If
Ewan McGregor is in Argentina and will travel by motorcycle from Ushuaia
On August 29, 2019 by Clareta MarchesiRecently the world celebrated the latest great news about the Star Wars universe: the series about Obi Wan Kenobi is coming and it will star in the actor who embodied the character in the second trilogy of the saga, between 1999 and 2005, Ewan McGregor. Now, Argentina can celebrate the arrival of who will give
The IMF “will follow the side” of Argentina and assess “the impact” of the official plan
On August 29, 2019 by Clareta MarchesiAlejandro Werner and Roberto Cardarelli, the two main officials for Argentina of the International Monetary Fund (IMF), returned to Washington after a turbulent visit that left several questions and pending issues. After the Minister of Finance, Hernán Lacunza announced that the Government will seek to “rebalance” the maturities of the debt and open a dialogue
Ivanka, daughter of Donald Trump, will return to Argentina
On August 28, 2019 by Dacio SaddIvanka Trump, adviser and daughter of US President Donald Trump, will visit Argentina next week as part of a regional tour in which he will also travel to Paraguay and Colombia to strengthen the cooperation of the US government with the region on the economic empowerment of women, the central theme of his agenda at
The smoke from the fires in the Amazon have reached Argentina
On August 24, 2019 by Dacio SaddThe smoke from the fires that devastated the Amazon rainforest and other regions of the interior of Brazil arrived in the north of Argentina last night and will most likely reach Buenos Aires next week. In Argentina, forest fires are being developed in Jujuy, Salta, Catamarca and La Rioja. The smoke from these fires generated
Species identical to the “squirrel” of the Ice Age that lived 231 million years ago discovered in Argentina
On August 23, 2019 by Clareta MarchesiA species identical to the “squirrel” of the movie Ice Age, which lived 231 million years ago, was found in Ischigualasto, northwest of San Juan, by researchers at the University of San Juan (IMCN). The new species that measured about 25cm in length was found next to two of the oldest dinosaurs that are known.
The governor of São Paulo urged “not to turn his back” on Argentina
On August 13, 2019 by Lenora GalloThe governor of the State of São Paulo, João Doria, distanced himself from the critical position adopted by the president of Brazil, Jair Bolsonaro regarding the electoral process in our country, and pointed out that “we must not turn our backs” to Argentina, whatever the result in October. “Argentina must be treated with respect to
Honda will stop producing cars in Argentina
On August 13, 2019 by Lenora GalloHonda will stop producing cars in the country from 2020 onwards. This was confirmed today by the Japanese firm, which since 2015 has manufactured the HR-V model at its plant in Campana, province of Buenos Aires. According to the company, the decision – which was already communicated to the employees – has nothing to do
The US ambassador praises the level of political relationship with Argentina
On August 8, 2019 by Dacio Sadd“I was going to talk about the vision of the United States on politics and the election, but I ran out of time.” With a joke at the end of his 15-minute speech, the US ambassador to Argentina, Edward Prado, dodged making any kind of reference to the elections, but reaffirmed the will of Donald
The price of Argentine soybeans reaches 11,000 pesos per ton
On August 7, 2019 by Lenora GalloThe devaluation of the peso against the dollar and the need for merchandise that buyers maintain made it possible today to raise the price of Argentine soybeans to a maximum of 11,000 pesos per ton, as confirmed by the Rosario Stock Exchange (BCR) in its daily report, where they added that “officially reported operations indicate
The Fund says that in Argentina there is “conviction” to implement structural reforms
On July 29, 2019 by Lenora GalloAlejandro Werner, director for the Western Hemisphere of the International Monetary Fund (IMF), and the highest ranking official of the agency that closely follows the program with Argentina, said there is a “conviction” among the presidential candidates on the need to deepen the transformation of the economy with structural reforms. “There is a conviction in
Argentina declares a climatic and ecological emergency
On July 18, 2019 by Clareta MarchesiWhat seemed impossible until a week ago was achieved: yesterday, while the session was dealing with the law of minimum budgets for climate change mitigation, Argentina became the first country in Latin America to declare the climatic and ecological emergency. And the fourth worldwide: until now Ireland, Canada and France were the only countries that
According to the UCA, this year poverty will be around 35%
On July 14, 2019 by Clareta MarchesiThe researcher of the Observatory of Social Debt of the Catholic University of Argentina (UCA), Eduardo Donza, warned that by 2019 poverty is at “values close to 35 percent,” according to estimates by the institution. “We do not have our own data because we are doing the survey for the third quarter,” Donza said in
AMIA: “Argentina asks Iran to cooperate with Justice, we have to end the terror”
On July 12, 2019 by Clareta MarchesiThe Argentine ambassador to the United States, Fernando Oris de Roa, attended a convention to commemorate the 25th anniversary of the attack on the center of the Jewish community AMIA, and said: “Our country asks Iran to cooperate with Justice, we have to finish with terror.” “This is an unacceptable anniversary. The Government is not
The IMF approves the fourth revision of the Argentine economy and will deposit US $5.4 billion
On July 12, 2019 by Dacio SaddThe board of the International Monetary Fund (IMF) approved today at the last minute the fourth revision that the technical staff carried out of the national accounts weeks ago and authorized, in this way, a new million-dollar turn for Argentina. This is the last disbursement to be made this year by the agency corresponding to
Another giant of the stock market goes: Petrobras will stop trading in the country
On July 11, 2019 by Lenora GalloPetrobras announced its withdrawal from the public offering regime in Argentina because of “the decline in relevance” of the local stock market and high maintenance costs. The Brazilian oil company will stop trading its shares on the local stock exchange and thus end a 13-year history. This was reported by the company in a statement.
What Argentina lacks to integrate into the world
On July 11, 2019 by Dacio SaddOne of the objectives of the government of Mauricio Macri is to achieve an intelligent insertion of the country in the world, such as the signing of the agreement between the European Union and Mercosur. Marcelo Elizondo, an international business specialist, referred to this during the “Business of the Field” event. According to him, Argentina
Screams, tension and an order to negotiate at the first hearing for the YPF trial
On July 11, 2019 by Lenora GalloAfter a severe setback for Argentina, the first multimillion-dollar trial hearing for the nationalization of YPF against the country began in New York. Argentina’s lawyers and the Burford Capital megabufete crossed in front of Judge Loretta Preska in a tense official appointment that culminated with a suggestion from the magistrate: that both parties negotiate an
Wink to Argentina. Amazon invests to expand its network of technology services in the country
On June 26, 2019 by Dacio SaddAmazon took a new step in Argentina. With no plans to move forward with the e-commerce business, in which it remains a global leader, the tech giant founded by Jeff Bezos announced a local expansion of its Amazon Web Services (AWS) unit, the segment of computer services and digital infrastructure, which supplies the operation of
The largest digital bank in the region arrives in Argentina and plans to create 300 jobs
On June 12, 2019 by Clareta MarchesiNubank, the Brazilian company that officially announced today its landing in Argentina under the name Nu, will disburse $2 billion in two years, open a service export hub and create 300 jobs. Its CEO and co-founder, the Colombian David Vélez, meets this morning with the President in Quinta de Olivos to advance his investment plans.
Jair Bolsonaro: “We don’t want new Venezuelas in the region”
On June 6, 2019 by Lenora GalloThe president of Brazil, Jair Bolsonaro, in his inaugural address on his first visit to Argentina highlighted the situation in Venezuela. “As he very well concluded in his speech [President Macri], in which he quoted Venezuela, I think that all Latin America is worried and does not want us to have new Venezuelas in the
