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Tag: Argentine

Argentine peso and markets plunge after shock vote

Argentine peso and markets plunge after shock vote

Business
Argentine stock markets and its currency have both plunged after conservative Argentine President Mauricio Macri suffered a shock defeat in primary elections on Sunday.The peso fell 15% against the dollar on Monday after earlier plunging around 30% to a record low.Some of the country's most traded stocks have also lost around half of their value in one day.Mr Macri, in response, has pledged to "reverse" Sunday's election result.At a news conference on Monday, the president also said that the drop suggested the market lacked confidence in an opposition government.Argentine leader Macri trounced in primary vote"This [market meltdown] is just a small demonstration of what can happen," said Mr Macri."We have much to do still. Every election is a message and w...
Search for Argentine soccer star Emiliano Sala called off

Search for Argentine soccer star Emiliano Sala called off

World
Jan. 24 (UPI) -- British authorities on Thursday called off the search for Argentine soccer star Emiliano Sala, who disappeared earlier this week aboard a single-engine airplane over the English Channel. British and French searchers have looked for Sala and a pilot since Monday, when the Piper PA-46 Malibu disappeared off the coast of the island of Alderney. "Despite the best efforts of air and search assets from the Channel Islands, U.K. and France, which has covered an area of approximately 1,700 [square] miles -- with a significant amount of this searched more than once -- and having examined mobile phone data and satellite imagery, we have been unable to find any trace of the aircraft, the pilot or the passenger," a statement from Guernsey police Harbour Master Capt. David Barker said...
Missing Argentine navy sub 'imploded' at sea

Missing Argentine navy sub 'imploded' at sea

World
An Argentine navy submarine that went missing last year may have partially imploded while at sea, a senior official has said. The ARA San Juan disappeared on 15 November 2017 and was finally found on Friday night after an extensive search aided by international navies - including the UK and US.Speaking at the first news conference since its discovery by the specialist American survey ship Ocean Infinity, naval captain Enrique Balbi said the working theory was that the vessel had imploded close to the seabed. Image: The Argentine Navy led the search for the submarine It was located at a depth of around 907m (2,975ft) in the waters off the Valdes Peninsula and was surrounded by a field of rubble, with underwater turbulen...
Signals from missing Argentine sub give hope for rescue effort

Signals from missing Argentine sub give hope for rescue effort

World
Seven signal pings believed to be from the submarine ARA San Juan, which has been missing since Wednesday when communications broke down, are giving Argentine officials hope that the crew can still be saved. Argentine Defense Minister Oscar Aguad tweeted out the news Saturday night, confirming that the 44 crew members may be able to be saved after receiving "7 signals from satellite calls that would have been from the San Juan submarine." Authorities said the calls were made on Saturday, and that the Defense Ministry is working with an American company to analyze the location the calls came from. "We are working arduously to locate it and we are transmitting our hopes to the families of the 44 crew members: that they may soon have them in their homes," he wrote. The Argentine Armada, ...