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Buenos Aires CNN —Police in Argentina clashed Tuesday with anti-government protesters outside Congress, where senators were scheduled to debate a bill on government and economic reforms proposed by libertarian President Javier Milei. A CNN en Español team on the ground witnessed police using water cannons and tear gas to disperse the crowd, while protesters were seen hurling objects back at police. A car belonging to a TV station was overturned and set on fire before it was extinguished by firefighters. A demonstrator reacts during a protest near Argentina's National Congress, on the day senators debate President Javier Milei's economic reform bill, in Buenos Aires on June 12. Mariana Nedelcu/ReutersDemonstrators from various social groups and unions had gathered there to voice their opposition to the proposed reforms.

Persons: Javier Milei, Javier Milei's, Mariana Nedelcu Organizations: Buenos Aires CNN — Police, CNN, Argentina's National, Reuters Locations: Buenos Aires, Argentina, Congress

☆ In South America, African-Inspired Religions Gain More Followers
▼ + stars: | 2024-02-03 | by ( Feb. | At A.M. | ) www.usnews.com time to read: +5 min

Followers of African-based religions are on the rise in South America new data shows, a reflection of how the region's African heritage is gaining a greater voice beyond Brazil where such traditions are widely recognized. Surveys on religious beliefs in Argentina and Uruguay point to a rising number of people who identify with African-inspired faiths. Over 2% of Uruguayans identify as followers of African-inspired faiths like Umbanda. Oral histories and traditions associated with the African-based religions have long been misunderstood or demonized as "witchcraft," she said. "We've made strides in terms of the laws around practicing our religion, that in theory protect against discrimination," she said.

Persons: Lucinda Elliott, Mother Susana Andrade, Mae Susana de Oxum, Sasha Curti, Ramirez, Curti, Candomblé, Yemanjá, WE'VE, Victoria Sotelo, Greta Pena, stigmatization, Andrade, We've, Aurora Ellis, David Gregorio Organizations: Uruguayan, Federation of, University of the, Diaspora, Argentina's National Institute Locations: Candelaria Grimberg MONTEVIDEO, Africa, Federation of Uruguay, South America, Brazil, Argentina, Uruguay, Montevideo, Uruguayan, University of the Republic, Argentine, Paraguay, European Argentina, Candelaria, Buenos Aires

Populist Javier Milei, a libertarian economist and self-described “anarcho-capitalist,” won a presidential runoff election on Sunday with 55.7% of the vote. He said Monday that he would move quickly to privatize the country's state-owned media outlets and look to do the same with other public companies. “Everything that can be in the hands of the private sector will be in the hands of the private sector,” Milei told Bueno Aires station Radio Mitre. Experts immediately questioned how far Milei would get in fulfilling that vision without the support of Argentina's National Congress, where his party holds a relatively small share of seats. Monday was a public holiday in Argentina so financial markets weren’t open, but the stocks of Argentine companies that trade in New York soared.

Persons: —, privatizations, Javier Milei, ”, ” Milei, Bueno, Mariano Machado, Milei, Diana Mondino, Cristina Fernández de Kirchner, YPF, Andrés Gil Domínguez, Mariel Fornoni, Gustavo Arballo, ” Arballo Organizations: Bueno Aires, Radio Mitre, Argentina's National, Americas, Verisk, Central Bank of, U.S, Central Bank, Argentine, Liberty, University of Buenos, Management, La Pampa National University Locations: BUENOS AIRES, Argentina, Argentina's, Central Bank of Argentina, New York, Argentine, University of Buenos Aires

☆ Argentina's YPF swings to net loss amid dampened local oil prices
▼ + stars: | 2023-11-09 | by ( ) www.reuters.com time to read: +1 min

[1/2] The headquarters of Argentina's state energy company YPF is seen in Buenos Aires, Argentina February 10, 2021. REUTERS/Matias Baglietto Acquire Licensing RightsCompanies Ypf Sa FollowNov 8 (Reuters) - Argentina's national oil company YPF swung to a loss in the third-quarter, amid lower local oil prices and higher operating costs, the company said in a statement on Wednesday. Net loss in the period hit $137 million, from a $693 million profit the previous year. The state-run producer's revenue decreased 15.9% to $4.5 billion during the July-to-September period, it said, citing "a drop in local fuel prices in dollars." The results come despite the steady uptick in oil and gas production in recent years from western Argentina's massive Vaca Muerta shale formation, one of the biggest in the world.

Persons: Matias Baglietto, YPF, Isabel Woodford, Valentine Hilaire Organizations: REUTERS, Thomson Locations: Buenos Aires, Argentina

Inter Miami was eliminated from playoff contention earlier this month. He and Inter Miami co-owner David Beckham have enormous followings in Asia, along with several endorsement deals in the region. This is the first international tour for Inter Miami, which is about to end its fourth MLS season. The team won the Leagues Cup this season, doing so shortly after Messi began playing for Inter Miami in July. That suggests this trip could be another major financial win for Inter Miami.

Persons: — Lionel Messi, Messi, Ballon, Sergio Busquets, Jordi Alba, Chris Henderson, Messi —, —, David Beckham, “, Xavier Asensi, hasn't, ___ Organizations: Inter Miami, Major League Soccer, Chinese Super League, Qingdao Hainiu, Chengdu Rongcheng, MLS, Inter, ” Inter Miami, men's, Rose, Argentina, Australia, Olympic, Beijing Games, Leagues, Beijing, Charlotte, Wednesday, Argentina's, World Locations: FORT LAUDERDALE, Fla, China, Qingdao, Chengdu, Argentina, California, Beijing, Asia

☆ Argentina August inflation forecast at highest since 1991
▼ + stars: | 2023-09-11 | by ( Hernan Nessi | ) www.reuters.com time to read: +2 min

Argentina was already battling annual inflation near 115%, which is driving a painful cost of living crisis and pushing people into poverty. "August was the worst month, I would say in the last 25 years of Argentina's economy," Sergio Massa, Minister of Economy and presidential candidate for the ruling Peronist bloc, said in a recent television interview. Reuters Graphics Reuters GraphicsThe survey of 28 analysts polled by Reuters forecast monthly inflation for August ranging from 9.3% to a maximum 12.9%. Analysts also predicted inflation would likely remain in double figures for September. Reporting by Hernan Nessi; Writing by Valentine Hilaire; Editing by Josie KaoOur Standards: The Thomson Reuters Trust Principles.

Persons: Javier Milei, Sergio Massa, Eugenio Mari, Hernan Nessi, Valentine Hilaire, Josie Kao Organizations: Index, Peronist, Reuters Graphics Reuters, Reuters, Argentina's National Institute of Statistics, T Economic Advisors, Libertad y Progreso Foundation, Thomson Locations: BUENOS AIRES, Argentina

☆ South American countries gripped by record-breaking heat — in the middle of winter
▼ + stars: | 2023-08-04 | by ( Sam Meredith | ) www.cnbc.com time to read: +2 min

South American countries, such as Chile and Argentina, set heat records in the middle of the southern winter due to a combination of the El Niño phenomenon and climate change. An unprecedented winter heatwave is sweeping across a large chunk of South America, with temperatures forecast to exceed 40 degrees Celsius (104 Fahrenheit) in southwestern Brazil in the coming days. Scientists say the winter heat is being fueled by the climate emergency and the El Niño phenomenon. Temperatures are typically around 15 degrees Celsius in Buenos Aires at this time of year, and have not exceeded 30 degrees Celsius in winter since 2014. The southern part of the continent has suffered the worst of the winter heat in recent days, with temperatures expected to remain at abnormally high levels in early August.

Persons: Niño, Climatologist Maximiliano Herrera, " Herrera Organizations: Twitter Locations: Santiago, Chile, Argentina, South America, Brazil, Paraguay, Buenos Aires

☆ Argentina inflation seen hitting 149% this year, up from previous poll
▼ + stars: | 2023-06-09 | by ( ) www.reuters.com time to read: +1 min

BUENOS AIRES, June 9 (Reuters) - Analysts polled by Argentina's central bank forecast annual inflation this year at 149%, above the 126% expected in the previous poll, according to the monthly survey released on Friday. For May, the analysts polled expect prices to have risen 9% in the month. Analysts see the weakened Argentine peso, currently officially valued at 245 pesos per dollar, ending this year at 408.68 pesos per dollar and 2024 at 917.54 pesos per dollar. Rising prices and tumbling foreign reserves pose a challenge for Argentina's left-leaning government ahead of general elections in October. Reporting by Maximillian Heath; Editing by David Alire Garcia and Sarah MorlandOur Standards: The Thomson Reuters Trust Principles.

Persons: Argentina's, Maximillian Heath, David Alire Garcia, Sarah Morland Organizations: Argentine, Thomson Locations: BUENOS AIRES

☆ I just traveled to Argentina — and doubled my money with a 'black market' exchange rate
▼ + stars: | 2023-03-11 | by ( Greg Iacurci | ) www.cnbc.com time to read: +15 min

A legal exchange rate influenced by the black marketA worker lays out 500 Argentine peso note sheets on Aug. 14, 2020 in Buenos Aires. Greg IacurciPut another way: Your money goes almost twice as far with the "blue dollar" exchange rate. The exchange rate for the transaction was 366 Argentine pesos per U.S. dollar, almost double the official exchange rate (190 pesos per dollar) at the time. Anyone who wants to save more cash in U.S. dollars must turn to the black market, which sets the "blue dollar" exchange rate. The exchange rate offered by Western Union has been similar to that of the "blue dollar" rate on the black market.

☆ Argentina swaps $21.7 billion in domestic debt, dimming default risk
▼ + stars: | 2023-03-10 | by ( ) www.reuters.com time to read: +2 min

The swap exchanges old debt for new bonds maturing in 2024 and 2025, according to an economy ministry statement Thursday. "In this way, the uncertainty about the debt maturities of the coming months is cleared up, helping to preserve the sustainability of the Treasury debt," the ministry said. The swap, first announced Monday, prompted global rating agency S&P to slash Argentina's local currency rating to 'SD/SD' (selective default) from 'CCC-/C' Thursday. Though the debt swap is technically voluntary rather than a forced restructuring, the agency - and indeed the markets - still appear to view it as a distressed event. Argentina also still has an eye-watering estimated $170 billion of local debt due, given the swap only pushes back the payment deadline.

☆ 50,000-year-old tools thought to have been made by the first Americans were actually crafted by monkeys to break open nuts, study says
▼ + stars: | 2023-01-07 | by ( Joshua Zitser | ) www.businessinsider.com time to read: +3 min

Researchers say that capuchin monkeys made ancient stone tools discovered in Brazil. Capuchin monkeys are capable of making a large variety of stone tools, research has shown. The findings showed that capuchin monkeys in northeastern Brazil are capable of making and using a large variety of stone tools. The researchers compared the tools found at Pedra Furada to those that capuchin monkeys make today. "The result is that the rocks used often break, generating rock fragments that are very similar to those produced by humans when carving stone tools," said Agustín M. Agnolín, per CONICET'S news release.

☆ Argentina to celebrate World Cup victory at Buenos Aires' Obelisk
▼ + stars: | 2022-12-19 | by ( ) www.reuters.com time to read: +2 min

[1/4] Soccer Football - FIFA World Cup Qatar 2022 - Final - Argentina v France - Lusail Stadium, Lusail, Qatar - December 18, 2022 Argentina's Lionel Messi lifts the World Cup trophy alongside teammates as they celebrate winning the World Cup REUTERS/Carl Recine TPX IMAGES OF THE DAYDec 19 (Reuters) - Argentina's national team will celebrate their World Cup triumph on Tuesday in Buenos Aires at the Obelisk, the monument that is the traditional epicentre of sporting celebrations, the federation said on Monday. "The world champion squad will leave on Tuesday at noon for the Obelisk to celebrate the world title with the fans," the Argentine Football Association (AFA) said on its official Twitter account. Argentina beat France 4-2 on penalties after a 3-3 draw in a pulsating game that was labelled by many as one of the best finals in World Cup history. Argentines, who took to the streets in every corner of the country after winning their third World Cup, are eagerly awaiting the team's arrival to continue the celebrations. Reporting by Ramiro Scandolo, writing by Angelica Medina in Mexico City, editing by Pritha SarkarOur Standards: The Thomson Reuters Trust Principles.

☆ Ambivalent Argentines want to be Messi but are more Maradona - author
▼ + stars: | 2022-12-03 | by ( Lucila Sigal | ) www.reuters.com time to read: +3 min

BUENOS AIRES, Dec 3 (Reuters) - Argentines aspire to be like clean-living Lionel Messi but in reality are more like flawed rebel Diego Maradona, an author says, as comparisons between the two great No. 10s become a dominant talking point of the Qatar World Cup. But only a World Cup would give him Maradona's stature. "People demand more from Messi because he's come on the scene to compete with and rival Maradona. "But unfortunately he needs to win here because in Argentina winning is what counts.

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