DIRS.INFO The most relevant business & tech news

Discussions include the impact of the drought on 2023 goals for net reserves, said an Argentina economy ministry adviser who asked not to be named because the talks were ongoing. Officials for the Economy Ministry declined to comment. The discussions to change the central bank net reserves targets for this year are pre-emptive, as the country did meet its end-December 2022 net reserves targets, another source added. Net reserves today stand at around $4.4 billion, according to calculations from Buenos Aires-based brokerage firm PPI Inversiones. Under the latest review, Argentina had been set the target of net reserves to increase by $5.5 billion at the end of March and $9.8 billion at the end of the year.

☆ 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.

[1/4] Soy plants are pictured on a farm in Enconada, on the outskirts of Santa Cruz de la Sierra, Bolivia, January 7, 2023. The tensions underscore a sharpening of a deep-seated rivalry between Santa Cruz and La Paz - Bolivia's farming hub and the political capital respectively - that have long butted heads over politics and resources. La Paz is an Andean stronghold with a large indigenous population that has traditionally titled towards the ruling socialist MAS party. "They can't resist on their own", said Montenegro, adding the rising economic pressures would force Santa Cruz producers to re-start supply within the country. Every Santa Cruz person has to fight, all Bolivians must fight for the well-being of Bolivia, for freedom."

REUTERS/Agustin Marcarian/File PhotoJan 11 (Reuters) - Failure to tackle climate change and environmental degradation dominate the ranking of top risks facing the planet in the next decade, a World Economic Forum (WEF) survey of global risk specialists found. Failure to mitigate and adapt to climate change; natural disasters; biodiversity loss; natural resource loss and large-scale environmental damage dominate the top-10 ranking of global risks deemed most severe over a 10-year period. The WEF report raised the prospect of risks interacting with each other to form a "polycrisis", which it defines as a cluster of related risks with compounding impacts and unpredictable consequences. It cited big-power resource rivalry as having the potential to generate one such cluster of related risks. (For daily Davos updates in your inbox sign up for the Reuters Daily Briefing here.)

☆ Hundreds of trucks snarl Bolivia farm region as blockades hit business
▼ + stars: | 2023-01-03 | by ( Agustin Marcarian | ) www.reuters.com time to read: +3 min

REUTERS/Agustin MarcarianPAILON, Bolivia, Jan 3 (Reuters) - Hundreds of trucks lined highways in Bolivia's farming region of Santa Cruz on Tuesday, as protesters blockaded routes out of the region following the arrest of the local governor, and hard-hit local businesses urged a return to order. Protests have gripped the lowland region since the Dec. 28 arrest of right-wing local leader Luis Camacho on "terrorism" charges related to an alleged 2019 coup against then president Evo Morales. Another source at a local business group said it would be hard for the region to maintain long protests and road blockades, with many still reeling from a lengthy strike last October and November. In Santa Cruz city, protesters have clashed nightly on the streets, burning cars and tires and offloading fireworks. "We are a peaceful people, we want peace, we want to work under normal conditions," said Gabriela Arias, protesting for Camacho's release in a women's march in Santa Cruz.

Santa Cruz leaders pledge to fight until Camacho is released, picketing government buildings and stopping transport of grains. "We have a mandate from our assembly that nothing leaves Santa Cruz and that is what we are going to do," said Rómulo Calvo, head of the powerful Pro Santa Cruz civic group. Marcelo Cruz, President of the International Heavy Transport Association of Santa Cruz, said routes were being blocked so no trucks could leave the province. "No grain, animal or supply from the factories should leave Santa Cruz for the rest of the country. "Santa Cruz is the economic stronghold of Bolivia," said Gary Rodríguez, General Manager of the Bolivian Institute of Foreign Trade (IBCE).

☆ Former Argentina policeman gets 15 years in jail for Dirty War-era crimes
▼ + stars: | 2022-12-22 | by ( Maximilian Heath | ) www.reuters.com time to read: +2 min

Mario Sandoval is one of many former officers who have been sentenced for crimes against humanity committed during the 1976-1983 dictatorship's brutal crackdown against suspected leftists and political dissidents. He was sentenced for the disappearance of university student Hernan Abriata, who was kidnapped from his home in 1976. "This ruling is fundamental because it shows the importance of continuing to seek justice everywhere," Horacio Pietragalla Corti, Argentina's human rights secretary, told Telam. After the fall of the dictatorship Sandoval moved to France where he obtained citizenship in 1997. Reporting by Maximilian Heath; Writing by Sarah Morland; Editing by Paul SimaoOur Standards: The Thomson Reuters Trust Principles.

☆ Messi invited to leave his mark at Maracana's Hall of Fame
▼ + stars: | 2022-12-20 | by ( ) www.reuters.com time to read: +2 min

After Argentina won the World Cup by beating France 4-2 on penalties in a heart-stopping final on Sunday, the public body which runs the stadium repeated the invitation to Messi first made when the 'Albiceleste' won the Copa America in 2021. "Messi has already demonstrated his importance on and off the pitch. After all, Messi is a genius with the ball," he added. The historic Maracana stadium has hosted two World Cup finals, in 1950 and 2014, and saw Messi and his squad become 2021 Copa America champions by beating Brazil 1-0. Reporting by Angelica Medina in Mexico City; Editing by Ken FerrisOur Standards: The Thomson Reuters Trust Principles.

☆ Argentina's World Cup winners arrive home to hero's welcome
▼ + stars: | 2022-12-20 | by ( ) www.reuters.com time to read: +2 min

The Argentine capital has been in party mode since their dramatic victory over France in Sunday's final in Qatar, which gave the country its first World Cup win since Diego Maradona hoisted the trophy 36 years ago. The players, wearing their gold winners' medals around their necks and taking turns to hold the World Cup trophy aloft, waved at fans from an open-top bus as the lights from thousands of mobile phones sparkled and flags fluttered in the crowd. Thousands had tracked the plane, the state airline Aerolineas Argentinas AR1915, all the way from Doha and a stop-off in Rome. Argentina beat France 4-2 on penalties after a scintilaing 3-3 draw, with Messi scoring twice France's Kylian Mbappe netting three times. Messi, 35, announced that the final would be his last match in the World Cup though he intends to play a few more games for the national side.

☆ 'We love this team': Argentina street party erupts after World Cup win
▼ + stars: | 2022-12-18 | by ( Nicolás Misculin | ) www.reuters.com time to read: +4 min

Bearing flags, hats and the country's iconic blue-and-white jerseys, Argentines took over Buenos Aires' downtown and other iconic spots within minutes after the win. "It was an incredible game, at times anguishing," said 46-year-old Diego Aburgeily, who cheered on the national side from the suburbs of Buenos Aires. The South American team, which lost the final of the tournament against Germany in 2014, had not won a World Cup since 1986. [1/5] Soccer Football - FIFA World Cup Final Qatar 2022 - Fans in Buenos Aires watch Argentina v France - Buenos Aires, Argentina - December 18, 2022 Argentina fans celebrate winning the World Cup REUTERS/Agustin Marcarian 1 2 3 4 5The final penalty kick from Argentina's Gonzalo Montiel caused the ball to sail neatly into the net. The final win cements Messi's status as a legend among Argentines, with Sunday's match expected to be his last appearance in a World Cup for his country.

[1/5] Children play football next to a mural depicting Argentine soccer star Lionel Messi in a football school at Newell's Old Boys club, where Messi played as a kid in Rosario, Argentina December 15, 2022. In the nearby town of Serodino, a huge 12 by 18 meter (40 by 60 ft) Messi No. Sunday's match will be the second World Cup final for 35-year-old Messi, who will be seeking revenge after losing 1-0 to Germany in the 2014 final in Brazil. Because of how up for it these guys are, because of the way they treat each other," said Juan Ibáñez Moroni, father of Pedro Ibáñez, 8, who plays in the youth team at Newell's Old Boys, Messi's old club. "Apart from doing it for Argentina, they are going to do it for him (Messi) too.

☆ Arid wheat fields and dead cows: a snapshot of Argentina's worst drought in decades
▼ + stars: | 2022-12-09 | by ( Maximilian Heath | ) www.reuters.com time to read: +4 min

The drought in Argentina has led to sharp cuts to the country's wheat harvest forecast and is threatening to derail corn and soy too. Russo said soil moisture levels were worse than the 2008/09 campaign, when the South American country produced only 31 million tonnes of soybeans, from 18 million hectares planted. Russo said that the current wheat crop forecast of 11.8 million tonnes, already slashed from an original 19 million tonnes, could be trimmed further. In 2008/09 the wheat harvest was 8.3 million tonnes. Reporting by Maximilian Heath in Navarro, Argentina Editing by Adam Jourdan and Matthew LewisOur Standards: The Thomson Reuters Trust Principles.

☆ Argentina court hands VP Cristina Kirchner 6-year jail term in graft case
▼ + stars: | 2022-12-06 | by ( Nicolás Misculin | ) www.reuters.com time to read: +3 min

The powerful vice president will not face immediate prison time and is also expected to appeal the sentence, with the case likely to spend years winding through higher courts. Fernandez de Kirchner served as president for two terms between 2007 and 2015 and commands rock-star crowds of supporters. She faced charges of alleged corruption in the awarding of public works during her presidency. Defenders of the vice president maintain she was a victim of judicial persecution. Lawyers said that Fernandez de Kirchner would not go to jail any time soon because she has immunity while serving as vice president.

☆ Analysis: In Latin America, democracies shaken ahead of key elections
▼ + stars: | 2022-09-20 | by ( David Alire Garcia | ) www.reuters.com time to read: +7 min

Latin America's political arena has intensified with fallout from the pandemic, war in Ukraine, spiraling inflation plus fears of global recession. Those hardships have all hit voters' wallets in one of the world's most unequal regions, driving deeper political wedges ahead of key elections and in some countries threatening democracy itself. In long-dysfunctional Peru, leftist President Pedro Castillo, who took office just over a year ago, is battling a corruption probe amid plummeting approval ratings. read moreYet Bukele remains very popular, with an approval rating of 85% according to an August CID Gallup poll. "El Salvador is a dictatorship, a populist, beloved dictatorship, but it's a dictatorship," said Guatemalan-American novelist Francisco Goldman.

☆ As war, drought hit global crops, Argentina gambles on GM wheat
▼ + stars: | 2022-09-20 | by ( Maximilian Heath | ) www.reuters.com time to read: +9 min

It was the first GM wheat strain in the world to receive such approval. No other global seed company has publicly endeavored to develop GM wheat since 2004, when giant seed maker Monsanto, now owned by Bayer AG, dropped plans to develop GM wheat that could withstand its weed killer Roundup. In 2020 he had threatened to halt wheat imports from Argentina after its government approved Bioceres' GM wheat. A new landmark is the recent approval in Nigeria, the only country to fully approve imports of HB4 wheat grains. Trucco said Russia's invasion of Ukraine and severe droughts in Europe and China had shifted the needle on drought-tolerant GM wheat.

☆ 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.

Search resuls for: "agustin marcarian"

16 mentions found