Argentina

Argentina
Tuesday, April 15th 2014 - 06:14 UTC

Cristina Fernandez former Transport minister indicted for unlawful enrichment

Former Secretary Ricardo Jaime and his friend Nestor Kirchener

Argentine presidential couple Nestor and Cristina Kirchner's former Transport Secretary Ricardo Jaime was indicted last week for unlawful enrichment and impounded for 40 million Argentine Pesos (approx 5 million dollars) He's the first of very close former aides of the powerful couple to face a jail sentence.

Saturday, April 12th 2014 - 09:03 UTC

Argentine government disavows the strike and confirms current policies

“Not a speck of chance of modifying the current course” said Labor minister Tomada

The Argentine government said on Friday there is no turning back of current policies despite the massive national strike that paralyzed the country on Thursday and insisted that the real impact was the result of the roadblocks in the accesses to the main cities.

Friday, April 11th 2014 - 21:54 UTC

The Economist's view of Argentine leader Cristina Fernández

The word “mistake” is not in her vocabulary and ”recognizing errors is to admit weakness”

The Economist has a piece on Argentina's president Cristina Fernández, an X-ray on her character, reactions, but also strong points, and what can be expected of what is left of her mandate that ends in December 2015. Even with her clout dwindling Cristina Fernández remains the most powerful politician of Argentina.

Friday, April 11th 2014 - 08:24 UTC

National strike paralyzes Argentina; government blasts roadblocks

Downtown Buenos Aires and some of the main avenues empty of the daily chaotic traffic

Argentine organized labor leader Hugo Moyano called on the government of president Cristina Fernandez to take note of Thursday's strong mobilization across the country after unions affiliated to the Teamsters figure and gastronomic heavyweight Luis Barrionuevo caused widespread disruption.

Friday, April 11th 2014 - 08:19 UTC

Chevron and YPF unveil plans to invest another 1.6bn in Vaca Muerta shale

The second phase of exploration calls for drilling 1,500 wells across 395 square kilometers

US oil giant Chevron and state-controlled YPF unveiled plans Thursday to spend another 1.6 billion dollars to develop Argentina's Vaca Muerta shale formation for oil and gas projects. The investment comes on top of 1.2 billion Chevron agreed to spend last year for a shale pilot project.

Friday, April 11th 2014 - 04:45 UTC

Argentina and Chile prepare to celebrate 1984 peace and friendship treaty

Ministers Rossi and Burgos Varela made the announcement in Buenos Aires

Argentina and Chile defense ministers Agustín Rossi and Jorge Burgos Varela met in Buenos Aires 'to continue advancing and deepening' the bilateral relation, which this year will have a special celebration motive: the 30th anniversary of the Peace and Friendship treaty which definitively put an end to the Beagle Channel longstanding dispute.

Friday, April 11th 2014 - 04:38 UTC

Hedge funds target laundered funds in Nevada by close associate of the Kirchner family

A smiling Baez with members of the Kirchner family in Santa Cruz. Cristina Fernandez with dark glasses

The American Task Force Argentina (ATFA), an organization which unites several bond holders from the Argentine default of 2001, questioned on Thursday the “lack of transparency” within President Cristina Fernández administration, during a video conference with reporters.

Thursday, April 10th 2014 - 06:17 UTC

Argentine top minister in Washington attending the 'ideologically bias” IMF assembly

While in Buenos Aires Capitanich launched a scathing attack, Kicillof was scheduled for a round of contacts

In a strong reply to the IMF report on the Argentine economy forecasting 0.5% expansion in 2014, the administration of President Cristina Fernandez said the multilateral organization suffers of an 'ideological bias' and its recipes only prompted the 'worst social and productive crisis in the history of Argentina'.

Thursday, April 10th 2014 - 05:56 UTC

Argentine unions anticipate massive support and turnout for Thursday's national strike

“This is not a political strike; people feel abused, we want to talk with the President”, said Moyano

Argentina will witness on Thursday a new test of political clout and influence between the administration of Argentine president Cristina Fernandez and dissident organized labor, headed by teamster Hugo Moyano who has called for a national strike, anticipating it will have “a resounding massive support and turnout from the Argentine people”.

Thursday, April 10th 2014 - 05:46 UTC

Pope Francis joins the lynching outbreak debate in Argentina

“The worst that can happen to us is to forget about that scene,” the pontiff said.

In a letter addressed to two Argentine humanists living in Sweden, Pope Francis deeply regretted the murder of an 18-year-old who was beat to death by a group of Rosario citizens after he had allegedly stolen a woman’s purse. “The worst that can happen to us is to forget about that scene,” the pontiff said.

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