Argentina

Argentina's GDP falls 2.5 pct in 2018

BUENOS AIRES, March 21 (Xinhua) -- Argentina's gross domestic product (GDP) fell 2.5 percent in 2018, the National Institute of Statistics and Census (INDEC) said Thursday.

During the last quarter of 2018, Argentina had a reduction of 1.2 percent in GDP compared with the previous quarter, which marks the second largest economic contraction, preceded by the 3.8-percent decline in the second quarter in which the U.S. dollar appreciated against the peso and the economy began reporting negative numbers.

Argentinians protest US intervention in Venezuela

BUENOS AIRES; 06 Feb 2019; AA: Hundreds of Argentinians held a demonstration Tuesday in the capital Buenos Aires against U.S. intervention in Venezuela.

Non-governmental organizations, trade unions and student clubs gathered at the University of Buenos Aires and marched to the U.S. embassy.

The crowd chanted slogans such as "End U.S. pressure on Latin America!” and “Establish dialogue and peace in Venezuela!”

India to host G-20 summit in 2022

Buenos Aires, Dec 2 (PTI) For the first time, India will host the annual G-20 summit in 2022, coinciding with the country's 75th anniversary of Independence.

Prime Minister Narendra Modi made the announcement at the closing ceremony of the 13th G-20 summit here in the Argentinian capital on Saturday.

He thanked Italy for allowing India to play the host. Italy was to host the international forum of the world's top 20 economies in 2022. The 14th edition will be held in Japan while Saudi Arabia will host the 15th.

US, China put brakes on trade dispute with cease-fire

BUENOS AIRES, Argentina (AP) — The United States and China reached a 90-day cease-fire in a trade dispute that has rattled financial markets and threatened world economic growth. The breakthrough came after a dinner meeting between President Donald Trump and Chinese leader Xi Jinping at the Group of 20 summit in Buenos Aires.

G20 leaders agree on trade, not quite on climate

BUENOS AIRES, Argentina (AP) — Leaders of the Group of 20 have agreed to fix the world trading system — but only 19 of them agreed to support the Paris accord on fighting climate change.

Applause rose up in the hall Saturday as the leaders, including U.S. President Donald Trump, signed off on a final statement at the end of a two-day summit.

The statement acknowledges flaws in the world trading system and calls for reforming the World Trade Organization. It doesn’t mention protectionism however, because negotiators said the U.S. had resisted that.

At G-20, possible ‘breakthrough’ seen after all-night talks

BUENOS AIRES, Argentina (AP) — All-night talks at the Group of 20 summit have resulted in a possible “breakthrough” on fixing the global trading system, European diplomats said Saturday as the gathering entered its crucial second and final day in the Argentine capital.

Despite deep divisions going into the summit and resistance from the United States, European Union officials said countries also are making progress on a final statement that will acknowledge problems with the World Trade Organization but commit to reforming it.

G20 opens under assault from Trump on collective action

30 Nov 2018; AFP: G20 powers open two days of summit talks in crisis-hit Argentina on Friday after a stormy buildup dominated by US President Donald Trump's consensus-bucking crusade to realign world trade.

Shortly before the summit kicks off, Trump's "America First" charge will bear fruit with the signing in Buenos Aires of a successor to the North American free trade pact NAFTA.

Argentina's ex-VP sentenced to 5 years and 10 months in prison on corruption charges

BUENOS AIRES, Aug. 7 (Xinhua) -- Argentina's former Vice President Amado Boudou was sentenced on Tuesday to five years and 10 months in prison for "bribery and business dealings incompatible with public service."

Boudou, who served from 2011 to 2015 alongside then President Cristina Fernandez, was also barred for life from holding public office and fined 90,000 pesos (3,214 U.S. dollars).

Increased tariffs to damage global GDP: IMF managing director

BUENOS AIRES, July 22 (Xinhua) -- Managing Director of the International Monetary Fund (IMF), Christine Lagarde, has reiterated the risks that protectionist trade policies will have negative impacts on world economy.

During a Saturday press conference here in the Argentine capital, Lagarde noted recent global Gross Domestic Product (GDP) forecasts amid the United State's application of heavy tariffs being placed on various foreign imports.

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