Industrial activity in Argentina dropped 4.9% during August compared to the same month a year ago, reported the Argentine Industrial Union (UIA), the country's most influential manufacturers' lobby. This represents its sixth straight fall and a 2,9% decline for the first eight months of 2014.
The Buenos Aires City consumer price index climbed 2.2% during September accumulating 40.3% in the last twelve months according to the latest release from the City's stats office. So far this year (nine months) inflation has reached 31.1%
Damon Albarn has apologized to the people of Argentina after Top Gear offended the population with an inappropriate number plate while filming their BBC show in the country. In effect during his set at one Buenos Aires main theatres this week the Blur front-man called To Gear's Jeremy Clarkson a f****** a***** over the serious gaffe.
Argentina's state-run energy company YPF closed on Wednesday an agreement with Ecuador's state-owned company Petroamazonas for the enhanced recovery of the mature field of El Campo Yuralpa which will demand an investment in the range of 170 million dollars.
Holdouts reveal alleged money laundering operations of business people close to Cristina Fernandez
The American Task Force (AFTA) sponsored by 'holdouts' NML in litigation with Argentina over sovereign bonds payment, revealed on Wednesday foreign accounts of Argentine public works contractor, believed to be involved with the Kirchner family businesses, Lazaro Baez, and showed a map with the money movement, allegedly committing the crime of money laundering.
Argentina's state-run energy company YPF admitted on Wednesday having held promising meetings with Russia's Gazpron to consider different collaboration and business opportunities, “but so far has not signed any Memorandum of Understanding, MOU or agreement”.
The five full members of the Mercosur trade bloc will use unified number plates for their 0km vehicles starting in 2016, Argentine Foreign Minister Hector Timerman announced on Wednesday from San Martín Palace in Buenos Aires city.
The International Monetary Fund anticipates two years of recession for Argentina in a context of increasing economic misbalances and uncertainty because of the ongoing litigation with the holdouts or 'vulture funds', as well as inflationary tensions.
The Argentine economy needs an urgent change of course which would have the effect of reestablishing normal relations with the financial market, a crucial step to open a maneuvering space in an ever more complex environment, suggested Augusto de la Torre, World Bank chief economist for Latin America.
Brazil’s PTG Pactual Bank and the China Construction Bank are at the forefront of the initiative to buy up the 1.6 billion dollars of debt which Argentina owes “holdouts” NML-Elliott and Aurelius, according to a report from Buenos Aires Ambito Financiero, the country's leading financial newspaper.