Contrary to what is happening in the rest of emerging markets Argentine government efforts to weaken the peso are working. In the past three months the peso has declined 0.8% against the dollar, while for Mercosur associates Brazil and Uruguay their currencies have strengthened in the range of 3 to 5%.
Addressing the United Nations General Assembly on Friday, President Cristina Fernandez de Kirchner criticized the British government for continuing to ignore Argentina's request for sovereignty talks over the Falklands/Malvinas Islands.
Renewed Falkland Islands claim, reformulation of international organisms, Iran and Palestine are among the issues that Argentine president Cristina Fernandez de Kirchner will be addressing in her speech before the UN 65th General Assembly on Friday, according to Argentine diplomatic sources.
Uruguayan president Jose Mujica marked distance from Argentina’s Cristina Kirchner and said that denying clearance to a Falkland Islands bound British destroyer to call in Montevideo was based on previous decisions on the issue and “not in a defence of interests against the UK”, reports the local daily Ultima Noticias.
Argentines have lost their title as the world’s biggest beef eaters after the worst drought in 70 years and government export limits to contain domestic prices led ranchers to reduce the number of cattle on the Pampas. Exports have also fallen drastically.
The Argentine government confirmed Mercedes Marco del Pont as president of the Central bank. She supported and executed the controversial use of international reserves to pay sovereign debt, an issue which forced the ousting of her predecessor in the post, respected banker Martin Perez Redrado.
Landlocked and Mercosur member Paraguay will formally complain to its peer Argentina the non consulted and unilateral decision to build a canal adjacent to a shared river that acts as a natural border and provides both sides’ agriculture and ecosystems with a vital water supply.
Argentina leading business associations representing agriculture, industry, banking and construction sectors rejected point blank the bill out lined by a Kirchnerite lawmaker for the distribution of company profits among workers and employees.
British Airways will start non-stop flights between London and Buenos Aires in March 2011 announced Minister of Tourism Enrique Meyer in Britain’s capital during the official launch to promote investment in Argentina’s tourism industry.
The Argentine government filed on Tuesday a formal complaint against the heads of the country's two biggest newspapers of complicity with a former military regime in crimes against humanity.