Trade differences between Mercosur leading partners Brazil and Argentina will be overcome with negotiations and promoting productive integration, coincided business people, diplomats and academics from both countries at a seminar in Rio do Janeiro.
Brazil’s Vale Doce, the world's second-largest miner, expects to overcome obstacles that prompted management to re-assess a 3 billion dollars potash project in the Argentine province of Mendoza, the company's head of fertilizers, Roger Downey, said.
Argentina’s Foreign Affairs minister Hector Timerman has a challenging and fragile mission in Bolivia: to obtain strong support from the OAS general assembly for Argentina’s claim over the Falklands/Malvinas’ sovereignty ahead of the UN decolonization meeting in New York which President Cristina Fernandez has promised to attend.
Trading in the Argentine money exchange market on Monday was relatively calm with very few operations in the so called ‘blue’ or ‘parallel’ dollar but with none of the expectations announced by members from President Cristina Fernandez administration.
The United Kingdom gave its full support to the companies involved in oil and gas exploration in Falkland Islands waters, following Argentina’s announcement on Monday it was beginning legal actions against five companies committed to “illegal” and “clandestine” exploration activities in the disputed Malvinas waters.
Another Canadian miner has pulled back from investing in Argentina fearful of the latest moves from a growingly populist government and not so clear rules for the mining industry.
Argentina's government concluded the takeover of the country’s largest oil and gas company on Monday by naming a new chief executive and directors, even when YPF former owner - Spain's Repsol, kept one seat on the board.
Argentine scientists developed bricks and are analyzing the possibility of making natural insecticides with the ashes from the Chilean Puyehue volcano eruption which this month a year ago covered several cities in Patagonia and caused millions of dollars losses, sources of the University that coordinates the studies announced.
Argentina announced on Monday it had accepted the request from the European Union for a round of consultations, before the World Trade Organization, on the country’s controversial trade policies, but at the same time rejected all and every one of the questioned points and dragged the Falklands’ dispute into the fray.
Argentina declared on Monday the oil exploration by UK-listed companies in Falkland Islands waters “illegal” and their activities “clandestine”. Argentina has long claimed the Falklands/Malvinas as part of its territory.