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☆ Brazil and Argentina to discuss common currency
▼ + stars: | 2023-01-22 | by ( Lisandra Paraguassu | ) www.reuters.com time to read: +2 min

BUENOS AIRES, Jan 22 (Reuters) - Brazil and Argentina aim for greater economic integration, including the development of a common currency, Brazilian President Luiz Inacio Lula da Silva and Argentine leader Alberto Fernandez said in a joint article they penned. "We also decided to advance discussions on a common South American currency that can be used for both financial and commercial flows, reducing costs operations and our external vulnerability," the article said. Earlier in the day, the Financial Times reported the neighboring nations will announce this week that they are starting preparatory work on a common currency. . . a decision to start studying the parameters needed for a common currency, which includes everything from fiscal issues to the size of the economy and the role of central banks,” Argentina’s economy minister Sergio Massa told the Financial Times. Reporting by Lisandra Paraguassu; Additional reporting by Jyoti Narayan in Bengaluru; Editing by Tomasz Janowski and Diane CraftOur Standards: The Thomson Reuters Trust Principles.

☆ Argentine government, farm exporters seek relief from historic drought
▼ + stars: | 2023-01-20 | by ( ) www.reuters.com time to read: +2 min

Lack of rainfall almost halved wheat output this cycle and hampered production of the current soybean and corn crops, though local grains exchanges predict fresh rains could bring some relief in coming days. Argentina is the world's leading exporter of soybean oil and meal and the third largest exporter of corn, as well as a major wheat supplier. Its production is being closely watched after Russia's invasion of Ukraine prompted major disruptions and spiking prices in the grains market. Massa also highlighted that Argentina's agro-industrial sector had pushed its exports to record levels last year. Reporting by Walter Bianchi; Writing by Sarah Morland; Editing by Sandra MalerOur Standards: The Thomson Reuters Trust Principles.

☆ Argentina to buy back $1 bln in foreign debt in signal to markets
▼ + stars: | 2023-01-18 | by ( ) www.reuters.com time to read: +1 min

BUENOS AIRES, Jan 18 (Reuters) - Argentina will buy back foreign bonds equivalent to over $1 billion to improve the South American country's debt profile, economy minister Sergio Massa said on Wednesday, looking to send a positive signal to markets despite low reserves levels. The unusual move, which Massa said could help boost the country's access to capital markets, comes as Argentina battles to replenish foreign currency reserves, rein in rampant inflation and prop up a weakening local peso currency. "Undoubtedly over the next few months, by inviting the private sector to accompany the Argentine state in this job of improving its (debt) profile, we will carry out other measures like the one we are taking today," he added. Argentina's sovereign bonds languish in distressed territory despite major restructurings in recent years with private creditors and the International Monetary Fund (IMF), with which it struck a $44 billion deal last year to push back repayments. Reporting by Walter Bianchi and Jorgelina do Rosario; Writing by Adam Jourdan; Editing by Chizu NomiyamaOur Standards: The Thomson Reuters Trust Principles.

BUENOS AIRES, Jan 12 (Reuters) - Argentina's annual inflation hit its highest rate in more than 30 years last month as prices almost doubled versus a year ago, official data released on Thursday showed, further eroding consumers' dwindling purchasing power. The annual rate marks the fastest clip of rising prices in more than three decades, or since 1991, according to INDEC. Argentina is battling one of the highest inflation rates in the world as soaring prices hamper growth and force shopkeepers to constantly update price tags. In a recent interview, Economy Minister Sergio Massa projected December inflation would not exceed 5%, adding that monthly increases should edge down to around 3% by April. "It's a psychological factor that wears you out because... wages do not increase like inflation increases," said Aurelio Narvaja, a 41-year-old teacher.

☆ Argentina inflation tops minister's forecast, annual rate at 95%
▼ + stars: | 2023-01-12 | by ( Hernan Nessi | ) www.reuters.com time to read: +2 min

BUENOS AIRES, Jan 12 (Reuters) - Argentina's monthly inflation rate stood at 5.1% in December, official data released on Thursday showed, while annual inflation in the South American country reached nearly 95% over the previous 12-month period. December's rate of rising consumer prices came in above the economy minister's expectation but slightly below analyst forecasts. In a recent interview, Economy Minister Sergio Massa projected monthly inflation would not exceed 5% in December and said the government aims for it to edge down to around 3% in April. Economists expect monthly inflation to hover around 5% at the start of 2023, driven by an economic slowdown and price cap agreements on retail products. Reporting by Hernan Nessi; Editing by Jonathan Oatis, Brendan O'Boyle and Sandra MalerOur Standards: The Thomson Reuters Trust Principles.

☆ Argentina government aims to undershoot inflation forecasts in December
▼ + stars: | 2023-01-12 | by ( Hernan Nessi | ) www.reuters.com time to read: +1 min

The South American country is battling rampant inflation which is set to end the year at around 95.5%, one of the highest levels in the world. In a recent interview, Economy Minister Sergio Massa said monthly inflation would not exceed 5% in December and noted the objective was for it to stand at around 3% in April. However, estimates from 19 local and foreign analysts showed a slightly higher rise in the consumer price index for the late month of 2022, with projections ranging from 4.9% to 6.3%. Economists expect monthly inflation to remain around 5% for the start of 2023, driven by an economic slowdown and price cap agreements on retail products. "But risks remain elevated, and the shortage of (U.S.) dollars may translate into a further escalation of parallel (market) dollars, leading to higher inflation," said Isaias Marini, an economist at consultancy Econviews.

Brazil's real , snapped a three-day winning run, last down 0.4% after falling over 1% earlier in the day. A central bank survey on Monday showed Brazil's inflation and interest rate expectations for the year had risen. While most other Latin American currencies also fell, underperforming broader emerging market peers, Chile's peso rose 0.8% as copper prices hit six-month highs. Data showed Chile posted a trade surplus of $1.85 billion in the month, up from a $417 million surplus in December 2021. Data showed Mexico's headline inflation ended 2022 slightly below analysts' expectations, while core inflation appeared to have lost steam.

☆ Brazil markets fall as Bolsonaro supporters storm capital
▼ + stars: | 2023-01-09 | by ( Susan Mathew | ) www.reuters.com time to read: +2 min

The market impact will depend on how the Lula administration and other government institutions react to the protests, said Bertrand Delgado, head of Latam Fx and fixed income with Societe Generale. A central bank survey on Monday showed Brazil's inflation and interest rate expectations for the year had risen. While most other Latin American currencies also fell, underperforming broader emerging market peers, Chile's peso rose 0.8% as copper prices hit six-month highs. Data showed Mexico's headline inflation ended 2022 slightly below analysts' expectations, while core inflation appeared to have lost steam. In Argentina, the economy will grow significantly more than 5% in 2023, Economy Minister Sergio Massa said on Sunday.

☆ Hiking has become a nationwide New Year's Day tradition
▼ + stars: | 2023-01-01 | by ( The Associated Press | ) www.nbcnews.com time to read: +3 min

Just 380 people participated in the initial First Day Hike in 1992 at the nearly 7,000-acre Blue Hills Reservation just south of Boston. On Sunday, tens of thousands of people are expected to take part in First Day Hikes at hundreds of parks in all 50 states. The late Patrick Flynn, the former supervisor at Blue Hills, came up with the original plan. In 2012, First Day Hikes went nationwide when the National Association of State Park Directors endorsed the idea. Elijah Bristow State Park near Eugene is even offering a first day horseback ride.

"The World Cup is an immense joy that revives us after suffering economic crisis for so long," Victorica said. "But soon we will have to fall back into reality and face the situations that weigh us down every day." "The World Cup gives us hope and the desire to believe," said Osvaldo Hassan, a 62-year-old merchant in Buenos Aires. World Cup wins can give a small boost to a country's economy in the months following, an academic paper from Britain's University of Surrey found, helping raise exports. Reporting by Rodrigo Campos in New York and Belen Liotti in Buenos Aires; Writing by Adam Jourdan; Editing by Alex RichardsonOur Standards: The Thomson Reuters Trust Principles.

CNN —SpaceX is carrying a fresh haul of supplies to the International Space Station this weekend after bad weather at the launch site forced the company to wave off its first attempt. The bounty of supplies on board includes a pair of new solar arrays for the space station, dwarf tomato seeds and a range of science experiments. They will give the space station a power boost. SpaceX has launched more than two dozen resupply missions to the space station over the past decade as part of a multibillion-dollar deal with NASA. The space tomatoes will be grown inside small bags called plant pillows installed in the Vegetable Production System, known as the Veggie growth chamber, on the space station.

☆ Argentina government to send LNG bill to Congress in coming months
▼ + stars: | 2022-11-24 | by ( ) www.reuters.com time to read: +2 min

Nov 24 (Reuters) - Argentina's Economy minister Sergio Massa said on Thursday that the government was readying a liquefied natural gas (LNG) bill to send to Congress in the coming months, amid a push to create a major gas export sector in the country. The bill aims to spur the multi-billion-dollar investments needed to exploit Argentina's massive LNG reserves, as the war in Ukraine spikes global demand. Companies like state-owned YPF (YPFD.BA) have shown interest in building plants to liquify gas from Argentina's vast Vaca Muerta shale basin, the world's second largest unconventional gas reserve and the fourth largest shale oil reserve. Massa told business leaders that he hoped Congress would discuss the LNG bill in coming extended or extraordinary sessions, and that the government would also announce a series of decrees to accompany the bill. Amid a prolonged financial crisis and a series of market regulations imposed by the center-left government, companies have asked the government to provide certainty that LNG export commitments will be honored once the expensive LNG plants are built.

☆ Dwarf tomato seeds will launch to ISS aboard SpaceX's next resupply flight
▼ + stars: | 2022-11-22 | by ( Ashley Strickland | ) edition.cnn.com time to read: +5 min

CNN —When SpaceX’s 26th commercial resupply mission launches Tuesday, it will carry a bounty of supplies, a pair of new solar arrays, dwarf tomato seeds and a range of science experiments to the International Space Station. The mission will also deliver ice cream and Thanksgiving-style treats, including spicy green beans, cran-apple desserts, pumpkin pie and candy corn, to the space station crew. The International Space Station Roll Out Solar Arrays, or iROSAs, will be installed outside the floating laboratory during spacewalks scheduled for November 29 and December 3. The solar arrays will give the space station a power boost. Astronauts have grown and tasted different types of lettuce, radishes and chiles on the International Space Station.

☆ 'Now I'm one of you,' Hamilton tells Brazil as he becomes honorary citizen
▼ + stars: | 2022-11-07 | by ( ) www.reuters.com time to read: +2 min

[1/4] British Formula One racing driver, Lewis Hamilton gestures, after he received the title of honorary citizen of Brazil at the Chamber of Deputies in Brasilia, Brazil November 7, 2022. REUTERS/Adriano MachadoNov 7 (Reuters) - Seven-times Formula One world champion Lewis Hamilton was made an honorary citizen of Brazil on Monday by the country's lower house of Congress and dedicated the honour to his boyhood idol, the late Brazilian triple world champion Ayrton Senna. The lower house passed in June a bill to make the 37-year-old an honorary citizen that was proposed by congressman Andre Figueiredo after the British driver won the 2021 Brazilian Grand Prix for the third time. "I have so many amazing memories of Brazil," Hamilton said. Hamilton pledged to continue pushing for diversity and said that visiting the Amazon rainforest was one of his dreams.

☆ Analysis: Argentina's embattled left hopes for Lula bump. That looks a long shot
▼ + stars: | 2022-11-01 | by ( Nicolás Misculin | ) www.reuters.com time to read: +3 min

President Fernandez, powerful Vice President Cristina Fernandez de Kirchner and Economy Minister Sergio Massa, all languish on around 30% positive image, according to an October survey by pollster Ricardo Rouvier & Associates. I don't think this will change the electoral scenario in Argentina at all," political analyst Sergio Berensztein told Reuters. Lula, after his win, wore a cap in support of VP Fernandez de Kirchner. President Fernandez meanwhile said Lula would make his first overseas visit to Argentina once in office, a reversal from cool ties under Bolsonaro between the trade partners. "I think this has more to do with politicians' views than the real effect of the election on actual people," he said.

☆ Argentina reaches deal with Paris Club on $2 billion debt
▼ + stars: | 2022-10-28 | by ( ) www.reuters.com time to read: +1 min

BUENOS AIRES, Oct 28 (Reuters) - Argentina reached a deal for the payment of some $2 billion it owes the Paris Club of creditors, Argentina's Economy Minister Sergio Massa said on Friday. "Today, Argentina successfully completed an agreement with the Paris Club to normalize relations between our country, our companies, and our workers with the countries of the European bloc," the minister said. The Paris Club, which counts the United States, Japan and Germany among its members, last year gave Argentina more time to repay the debt, allowing Buenos Aires to negotiate a revamp of its program with the International Monetary Fund. Argentina sealed an agreement with the IMF earlier this year for a nearly $45 billion program to refinance a failed loan from 2018. Calls to the Paris Club were unanswered outside regular office hours.

BUENOS AIRES/LONDON, Oct 28 (Reuters) - Argentina reached a deal to restructure some $1.97 billion it owes the Paris Club, Argentina's government and the creditor group said on Friday, which will push repayments back as far as 2028 and bring relief of some $248 million to the country. "Today, Argentina successfully completed an agreement with the Paris Club to normalize relations between our country, our companies, and our workers with the countries of the European bloc," Argentine Economy Minister Sergio Massa said. The deal would see the current 9% interest rate on the debt cut to a weighted average of 4.5%, according to a document shared with Reuters by officials. read moreThe Paris Club, whose members include the United States, Japan and Germany, last year gave Argentina more time to repay the debt while it carried out an ultimately successful negotiation with the IMF over a new $44 billion program. The Paris Club said in a statement the two sides had revamped the debt deal to clear remaining payments over a six-year period between December 2022 and September 2028.

☆ Argentina to give workers income tax relief from November
▼ + stars: | 2022-10-16 | by ( ) www.reuters.com time to read: +1 min

BUENOS AIRES, Oct 16 (Reuters) - Argentina's Economy Minister Sergio Massa said on Sunday the government will give workers tax relief from November by raising the threshold at which income tax is charged, as the country battles with soaring inflation. "It will take effect from Nov. 1, it will be above 330,000 pesos ($2,176)," Massa said in an interview with Radio Rivadavia, referring to monthly income. The move should help alleviate the burden faced by workers, he added. "We've been working with companies of mass consumption," said Massa, saying the plan was to implement a broader and longer price program than the current one. ($1 = 151.6700 Argentine pesos)Register now for FREE unlimited access to Reuters.com RegisterReporting by Lucila Segal, editing by Deepa Babington and Chizu NomiyamaOur Standards: The Thomson Reuters Trust Principles.

WASHINGTON, Oct 13 (Reuters) - Argentina is nearing a deal on more than $2 billion it owes the Paris Club of creditors, economy minister Sergio Massa said on Thursday. "Argentina is close to an agreement with the Paris Club," Massa told Reuters on the sidelines of the IMF meetings in Washington. Massa had previously confirmed that he will meet the group in France on Oct. 27 and 28 to continue negotiations. He met the chair of the Paris Club, Emmanuel Moulin, in Washington on Thursday. The Paris Club, which counts the United States, Japan and Germany among its members, last year gave Argentina more time to repay the debt, allowing Buenos Aires to negotiate a revamp of its IMF program.

☆ Argentina's replaces three ministers amid economic crisis, puts more women in power
▼ + stars: | 2022-10-10 | by ( ) www.reuters.com time to read: +1 min

BUENOS AIRES, 10 Oct (Reuters) - Argentine President Alberto Fernandez on Monday again reshuffled his Cabinet and appointed three women to lead the labor, social development and women's ministries, as a deep economic crisis has sparked weeks of protests. Ayelen Mazzina, current secretary of Women, Diversity and Equality of San Luis province, will take over as the new minister of Women, Gender and Diversity. She will replace Elizabeth Gomez Alcorta who resigned after opposing the eviction of a group of indigenous Mapuche women from land in the southern Patagonia region. The latest Cabinet changes come less than three months after the government reshuffled the economic ministries, naming Sergio Massa to be Argentina's economy "superminister" in an attempt to contain the worsening economic crisis. Register now for FREE unlimited access to Reuters.com RegisterReporting by Eliana Raszewski; Editing by Marguerita ChoyOur Standards: The Thomson Reuters Trust Principles.

☆ IMF staff back $4 billion tranche for Argentina, praise 'decisive' steps
▼ + stars: | 2022-09-19 | by ( ) www.reuters.com time to read: +2 min

Demonstrators sit near the National Congress as the senate debates the government's agreement with the International Monetary Fund (IMF), in Buenos Aires, Argentina March 17, 2022. REUTERS/Agustin MarcarianBUENOS AIRES, Sept 19 (Reuters) - The International Monetary Fund (IMF) has reached a staff-level agreement on Argentina's $44 billion extended fund facility arrangement,which should unlock nearly $4 billion in funds for the country, the lender said on Monday. Argentina, a major grains producer, struck a new IMF deal earlier this year to replace a huge failed program from 2018. "A subsequent period of FX and bond market volatility has been arrested following decisive policy steps to correct earlier setbacks and rebuild credibility." On Argentina's reserves, which have proven hard to rebuild, the IMF said that they should still rise by some $9.8 billion in the 2022-23 period, in line with program targets.

☆ „Rețeta” vaccinului Moderna, postată pe internet de oamenii de știință
▼ + stars: | 2021-03-31 | by ( ) www.jurnal.md time to read: +1 min

Sursa foto: jurnal.md„Rețeta” vaccinului Moderna, postată pe internet de oamenii de științăOamenii de știință de la Stanford au păstrat picături de vaccin Covid-19 ce trebuiau aruncate la gunoi, au inversat procesul de creație a serului și au postat pe internet rețeta vaccinului produs de Moderna, scrie vice.com. În primele două pagini oamenii de știință explică lucrarea în sine, iar următoarele două prezintă întreaga secvență de ARN folosită în crearea vaccinul Moderna, transmite dcnews.ro. „Nu am făcut ingineria inversă a vaccinului. Pe măsură ce vaccinul a fost lansat, aceste secvențe au început să apară în multe studii. Oamenii de știință susțin că FDA a aprobat decizia ca proiectul să fie împărtășit publicului larg.

Persons: Andrew Fire Organizations: Moderna, Stanford, FDA

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