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Strikes as recession squeezes Argentina's oil-rich south

Comodoro Rivadavia - Shuttered schools, hospital services pared back to a minimum, officials on strike -- Argentina's southern oil-producing province of Chubut is a microcosm of the country's crippling economic crisis.

Argentine lawmakers approve emergency food bill

Buenos Aires - Argentine lawmakers on Thursday unanimously approved a draft emergency food law to free up resources for social programs amid a worsening economic crisis.

Argentinian protesters occupy Buenos Aires over food crisis

Buenos Aires - Several thousand protesters camped Wednesday in downtown Buenos Aires to demand Argentina declare a food emergency as the economic crisis deepened just weeks ahead of the presidential election.

Food on the table the priority for poor Argentines

Buenos Aires - The giant pots simmering in Dagna Aiva's kitchen explain the long line of people outside her house located in a gritty district of southern Buenos Aires, where Argentina's economic crisis is hitting locals hard.

Middle class feels the squeeze in debt-wracked Argentina

Buenos Aires - Facing mounting piles of credit card debt, unpaid medical bills and private school fees, Argentina's cash-strapped middle class, much like the state itself, is facing its own debt default.

Peso rallies as Argentina readies IMF debt restructure

Buenos Aires - Argentina's central bank intervened Thursday to shore up the country's beleaguered currency after the government asked the International Monetary Fund to restructure a $57 billion bail-out loan agreed last year.The peso was worth 62.

Argentina asks IMF to restructure debt payments

Buenos Aires - Argentina asked the International Monetary Fund to restructure its debt payments on the $56 billion bail-out loan agreed last year in a bid to calm market turbulence, Finance Minister Hernan Lacunza said Wednesday.

Argentine peso drops on volatile day as IMF visits

Buenos Aires - Argentina's peso depreciated by almost 2.5 percent against the dollar on Tuesday, a day after the International Monetary Fund met with presidential election frontrunner Alberto Fernandez.

Argentine court rejects Kirchner bid to throw out corruption case

Buenos Aires - An Argentine court rejected a request from lawyers to throw out a corruption case against former president and current vice presidential candidate Cristina Kirchner.

Russian disqualified from Tango competition over 'punch'

Buenos Aires - A Russian participant in the World Tango Championships in Buenos Aires has been disqualified for violence towards his partner, the organizers said Wednesday.

Argentina's Kirchner leads call to free Brazil's Lula

Buenos Aires - Presidential frontrunner Alberto Fernandez and running-mate Cristina Kirchner led calls by dozens of Argentine personalities Tuesday to free Brazil's jailed leftist icon Luiz Inacio Lula da Silva.

Peso stability a priority says new Argentine finance minister

Buenos Aires - Argentina's new finance minister made stabilizing the country's battered currency his top priority Tuesday, while still pledging to meet commitments made to the International Monetary Fund, which is sending a team to Buenos Aires.

Presidential frontrunner says Argentina 'virtually' in default

Buenos Aires - The frontrunner in Argentina's presidential race, Alberto Fernandez, said in local press interviews that the country is "virtually" in default and should renegotiate its bailout loan agreement with the International Monetary Fund.

Argentine economy minister resigns amid deepening crisis

Buenos Aires - Argentina's Economy Minister Nicolas Dujovne resigned Saturday after a week of economic tumult caused by President Mauricio Macri's defeat in a primary poll ahead of a general election.

Fitch, S&P downgrade Argentina's credit rating on rising uncertainty

Buenos Aires - Argentina's peso ended a tumultuous week Friday having shed 20 percent in its value against the US dollar as both Fitch and S&P cut the South American country's long-term credit rating, citing increased uncertainty and a rising risk of default.

Argentine peso halts slide, closes up more than 4%

Buenos Aires - Argentina's peso halted its slide Thursday, closing up more than four percent following three days of sharp declines as President Mauricio Macri grappled with a crushing political defeat. The rebound, which left the peso at 59.

Argentine peso rebounds after presidential rivals call for calm

Buenos Aires - Argentina's peso regained 7.41 percent of its value against the dollar as markets opened on Thursday following three days of sharp declines as President Mauricio Macri grappled with a crushing political defeat.The rebound, which left the peso at 57.

Irishman, 99, competes at world tango championships in Argentina

Buenos Aires - A 99-year-old Irishman competing at the World Tango Championships in Argentina has received an ovation for his performance from aficionados at the Buenos Aires venue.

Argentine president announces salary hikes, tax cuts, after poll setback

Buenos Aires - Argentine President Mauricio Macri announced plans for salary hikes and tax cuts Wednesday after voters turned resoundingly against his austerity policies, sparking days of economic turmoil.

Argentine peso on roller coaster after Macri defeat

Buenos Aires - Argentina's peso slipped further against the dollar Tuesday while the stock market partially recovered as South America's third-largest economy continued to take a pummeling in the wake of pro-business President Mauricio Macri's crushing defeat in part...
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