Argentina
ArgentinaArgentine Navy tests successfully mid range missiles
The Argentine Navy successfully launched two ground-air mid range Aspide missiles, according to an official release on Wednesday from the Ministry of Defence.
Private pension funds nationalization shocks Argentina
Argentine President Cristina Fernandez proposed Tuesday a government takeover of nearly 30 billion US dollars in private pension funds, saying pensioners must be protected from the global financial crisis.
Argentina estimates off mile 210 squid catches in 253.000 tons
Squid catches of jiggers and trawlers operating next to the Argentine Exclusive Economic Zone (EEZ) limit totalled some 253,000 tonnes of squid (Illex argentinus) between February and June, according to the latest estimate released by the National Institute for Fisheries Research and Development (INIDEP).
Wild West spirit in Patagonia waters, says The Economist
Under the heading of “Fishy business; Patagonia's troubled waters”, The Economist gives a realistic insight into the Argentine fishing industry and the Wild West mentality that prevails in the so-called Argentine Sea, which threatens the economic and conservation stability and future of this activity.
Argentine finances need agreement with “holdouts” for 2009
The global financial crisis is likely to delay a deal between Argentina and “holdout” creditors who rejected a 2005 debt swap, leaving the country to rely heavily on domestic sources to confront its financing needs next year.
Russian interest in South American Defence Council
Russia officially requested its incorporation as observer to the Union of South American Nations Defence Council, CDS announced on Tuesday Argentina's Defence Ministry.
The request was presented by Russian Security Council chairman Nikolay Patruscev during a meeting held with Minister Nilda Garré.
Argentina industry fears depreciation of Brazilian currency
Argentina's powerful industrial lobby, warned that the current real exchange rate with Brazil is back to “2001 levels”, when the preambles of the worst economic crisis suffered by the country in a century.
Argentina promises to protect industry; Brazil dissents
President Cristina Fernández de Kirchner announced that the defence of the economy and employment will be the priority of her administration, in order to cope with the international financial crisis that is affecting world markets.
Argentine “soy king”: export duties makes farming “non viable”
Argentina's “Soy King”, Gustavo Grobocopatel warned that if export taxes remain averaging 35%, and commodities don't recover prices of early 2008, next year many people will be going bankrupt because with current costs oilseeds production “is not viable”.
Decisive week for Aerolineas Argentinas control dispute
Argentina's Transport Secretary scoffed at the assets valuation by a Swiss bank of the Argentine flag carrier Aerolineas Argentinas which was recently re-nationalized and is embroiled in a dispute with the Spanish group that until a few months ago controlled the airline.
