Government obtains AR$826.7 billion in last bond auction before primaries
The Economy Minister obtained AR$821.5 billion in the first peso bond auction of August, and close to AR$5.1 billion during the second round of bidding the following day. The operation allowed the government to meet its AR$725 million payment maturity, while also obtaining $96.51 million in additional financing. — Eduardo Setti (@EduardoSettiOk) August 10, 2023There were eight bonds offered, including a fixed-rate Lede (S31O3) and an inflation-adjusted bond (X23N3), maturing on October 31 and November 23 respectively. The tender also included a new inflation-adjusted bond maturing on January 18, 2024 (X18E4) and two other new inflation-adjustable bonds maturing on May 20 and August 19, 2024, respectively. The operation also included the reopening of three inflation-adjusted bonds: T2X4, T4X4, and T5X4, maturing on July 26, October 14, and December 13, respectively.
Source:Bueno Aires Herald
August 13, 2023 02:30 UTC
Santiago Maldonado death: four gendarmes acquitted
Trelew judge Gustavo Lleral has acquitted all four military police officers who were under investigation over the August 2017 disappearance and death of activist and craftsman Santiago Maldonado. Maldonado went missing on August 1, 2017, after a group of gendarmes (military police) broke up a roadblock by the Indigenous Pu Lof Mapuche community in Cushamen, and then pursued the protesters. Maldonado was found dead 77 days later, on October 17, 2017, floating in the Chubut river, within the limits of the Mapuche lands. Sergio Maldonado, Santiago’s brother, said on Twitter that “the impunity pact for Patricia Bullrich and the national Gendarmía has been confirmed” with the ruling. “He claimed that Santiago drowned by himself,” Sergio wrote.
Source:Bueno Aires Herald
August 13, 2023 02:18 UTC
Former police chief Luis Patti faces new trial for crimes against humanity
The Human Rights Secretariat is a plaintiff in the trial, which is being held online and streamed on the San Martin Court’s YouTube channel. A member of the Group of the Eight — Peronist congressmen who cut ties with general Perón in 1974 — Muñiz Barreto was kidnapped alongside Fernández on February 16, 1977. Muñiz Barreto died at the scene, but Fernández was able to get out of the vehicle and escape. In 2008, a federal court formally requested that Congress impeach him, after which he was arrested for crimes against humanity. Since then, he has been convicted in three different trials for severe violations of human rights during State terrorism, and received life sentences in all cases.
Source:Bueno Aires Herald
August 11, 2023 19:50 UTC
Messi back in action in Leagues Cup quarterfinals
Lionel Messi is flying high with Inter Miami and now he’s after a spot in the Leagues Cup semifinals. Against FC Dallas, the team co-owned by David Beckham hit its first rough patch since Messi’s arrival. Like all Leagues Cup matches, the clash will be shown by streaming service Apple TV, which has recently experienced a massive surge in subscribers. MLS Season Pass subscribers on Apple TV have doubled since Messi joined Inter Miami,” team co-owner Jorge Mas tweeted Thursday. Inter Miami and Charlotte FC will face off for a spot in Leagues Cup semifinals this Friday, August 11, at the DRV PNK Stadium in Florida.
Source:Bueno Aires Herald
August 11, 2023 17:20 UTC
Why does the US dollar go up before elections in Argentina?
Argentines and the US dollar have a very special relationship and have come to know what to expect from each other. Within this scenario that Argentines are so used to, however, a lingering question remains: why exactly does this happen? “The ‘blue’ or parallel exchange rate is a true reflection of the market’s uncertainty regarding the economy,” Juan Ignacio Paolicchi, chief economist at Empiria Consultores, told the Herald. Informal exchange houses — cuevas, Spanish for caves— and street “blue” dollar sellers — arbolitos, Spanish for “little trees” — are a persistent part of Buenos Aires City’s landscape. This anxiety can also be seen in the rise of the implied interest rates for August and September future dollar contracts.
Source:Bueno Aires Herald
August 11, 2023 15:23 UTC
Despite 'weak' accord, Amazon summit bolsters call for rich to pay up
Amazon rainforest nations emerged from a summit this week with a stronger hand to play at upcoming United Nations climate talks, despite the meeting’s lackluster final agreement, according to environmental groups. “So (developed nations) now need to pay their part to restore a part of what they destroyed.”Lula will take that message on the road this year at the G20, United Nations General Assembly and U.N. COP28 climate summit. Lula in particular left the summit as a stronger voice for this bloc, Astrini said. Stronger voiceRainforest nations have a stronger unified voice after the meeting, at least on paper, said Luis Roman, a representative of nonprofit WWF Peru. They also called for rich nations to meet a pledge to provide $200 billion per year in biodiversity conservation funding by 2030.
Source:Bueno Aires Herald
August 11, 2023 01:16 UTC
Here’s why Argentina’s primary elections are so important
This Sunday, Argentines will head to the ballot boxes to choose each coalition’s candidates for this year’s presidential elections in primary elections known as the PASO. Primaries: The presidential candidate of each coalition is being chosen. The Fernández-Fernández ticket came out 16 percentage points ahead of the Macri-Pichetto ticket — so it was clear who was likely to win the presidential elections. To learn more about who’s running, see: Argentina 2023 elections: these are the candidatesWhy do Argentina’s primaries work this way? For example people may vote strategically or change their minds before the presidential vote.
Source:Bueno Aires Herald
August 11, 2023 00:47 UTC
Girl, 11, dies after robbery at gates of her school in Lanús
An 11-year-old girl has died after thieves on a motorbike stole her belongings as she walked to school in the southern Buenos Aires suburb of Lanús. Morena Domínguez, 11, was approaching the gates of her school in the Villa Diamante neighborhood when thieves passing on a motorcycle hit her and grabbed her backpack shortly before 7:30 a.m. on Wednesday. “She was like my sister,” her friend Priscila told the press through tears at the school gate. “More was my son’s playmate,” said the mother of a pupil at the school. “Today, he watched as they performed CPR on her, that’s extremely painful […] It could be your own child.”–With information from Télam
Source:Bueno Aires Herald
August 10, 2023 08:21 UTC
Veda electoral: do’s and don’ts for the primaries this weekend
On Sunday, millions of Argentinians will head to the polls to vote in their primary elections, better known as PASO. This means that a veda electoral (electoral ban) will be in effect for a period of 36 hours, until voting stations close at 6 p.m. that evening. These restrictions may seem moralistic to the uninitiated, but the veda isn’t limited to wine and spirits. This weekend, all sporting events, theatrical productions, and open-air shows will be suspended, along with any other public gatherings unrelated to the elections. News outlets cannot publish or disseminate electoral polls and projections about the results of the elections before their completion.
Source:Bueno Aires Herald
August 09, 2023 19:42 UTC
Lula seeks global rainforest nation pact at Amazon summit
Brazil’s President Luiz Inacio Lula da Silva on Wednesday hopes to forge a united front among rainforest nations when they engage in international climate negotiations, building on an accord a day earlier at a summit of Amazon nations. The leftist leader aims to bring a similar message to this year’s United Nations climate summit, known as COP28, backed by a strengthened coalition. The first day of the Amazon Summit resulted in a broad agreement for the region to cooperate on areas like combating organized crime and scientific research. At last year’s climate summit, Brazil, Democratic Republic of Congo and Indonesia agreed to form an alliance to pressure rich countries to pay for conservation. Norway and Germany, major contributors to Amazon conservation in Brazil, will participate as well as France, technically a rainforest nation because of its overseas territory of French Guiana.
Source:Bueno Aires Herald
August 09, 2023 16:24 UTC
Analysts expect higher inflation in July and August
The INDEC will publish July’s monthly inflation on August 15, which analysts forecast will be higher than June’s. For instance, raises in meat prices is one that stands out. This can be seen in the first week of August and will have an impact on monthly inflation. It’s still difficult to make a projection, but the increase in meat prices will be a key factor in August inflation”, Montano explained. Based on what they observed in the first week of the month, consulting firm Eco Go also projects a higher food inflation for August.
Source:Bueno Aires Herald
August 09, 2023 14:13 UTC
August 7: a day for gamblers, workers and the unemployed
Today, Gaetano is celebrated as St. Cajetan of Thiene and, in Argentina, as San Cayetano — the patron saint of gamblers, workers, and the unemployed. Every August 7, thousands of believers make the pilgrimage to Santuario de San Cayetano (Sanctuary of San Cayetano) in the Liniers neighborhood of Buenos Aires to pay their respects. San Cayetano is believed to provide bread and work, so it follows that he may be in high demand this year. Tú eres toda mi esperanza, eres el consuelo mío, en Ti creo, en Ti confío. The thousands of annual visitors to the Sanctuary of San Cayetano are a testament to his efforts on behalf of the downtrodden.
Source:Bueno Aires Herald
August 08, 2023 03:42 UTC
‘Blue dollar’ almost AR$600 as primaries approach
With the primary elections six days away, Argentina’s informal dollar exchange rate — popularly known as the “blue dollar” — rose by AR$22 on Monday and reached a record nominal value of AR$596. “That creates tension in the exchange rate and deepens the dollarization process.”Meanwhile, the official dollar exchange rate, which also increased, is currently AR$295 per unit. Other factors aside from the upcoming elections include inflation, protracted negotiations with the IMF, and record-low international reserves. The national year-on-year inflation rate reached a record high of 115.6%. “It’s possible that it had an effect because it’s usually a predictor of how high national inflation will be,” said Quintana.
Source:Bueno Aires Herald
August 08, 2023 00:42 UTC
Messi Effect: ticket prices to see the Argentine star are soaring
Prices are soaring for those hoping to catch a glimpse of Lionel Messi playing with Inter Miami in the United States. In just three games, Messi has scored five goals — enough to make him the fastest player in league history to do so. After winning the Clásico del Sol against Florida rivals Orlando City, Inter Miami secured a place in the Leagues Cup round of 16. Ticket prices that ranged from US$675 in the general area up to US$5,850 are now starting at as much as US$9,000 in the Leagues Cup official resale site. Despite losing to Inter Miami in the Leagues Cup, Atlanta United saw its revenue go up.
Source:Bueno Aires Herald
August 06, 2023 00:34 UTC
White flag in JxC: Larreta and Bullrich to wait for primary results together
Buenos Aires city mayor Horacio Rodríguez Larreta and former security minister Patricia Bullrich will expect the primary election results that’ll determine who will be the presidential candidate for Juntos por el Cambio (JxC) in the same headquarters. The decision comes after months of escalating tensions between the two PRO members set to face off August 13. Although they share a common government program, during the campaign Bullrich has presented herself as a hardliner, while Larreta says he believes in dialogue. Two weeks ago, Larreta strongly criticized Bullrich after she proposed “shielding” the Central Bank with another loan from the International Monetary Fund. “Let’s take a look at the history of Argentina, how did that government end after the loan was signed?
Source:Bueno Aires Herald
August 05, 2023 23:30 UTC