Argentina

Argentina
Tuesday, November 22nd 2011 - 16:03 UTC

Air traffic in Argentina and Uruguay delayed because of volcanic ash

Aircraft stationed in metropolitan Buenos Aires terminal

Commercial flights in Argentina, Uruguay and Paraguay were cancelled or reprogrammed Tuesday morning because of disruptions caused by the hovering volcanic ash being blown from the Chilean Puyehue which erupted five months ago.

Tuesday, November 22nd 2011 - 07:29 UTC

Cristina Fernandez admits “the model has distortions which must be corrected”

Let’s hope God will show the light to the US and EU, said the Argentine president

Argentine President Cristina Fernandez promised on Monday to continue defending with ‘tooth and nails’ the powerful wheel of domestic consumption that has boosted the current economic model but also admitted the existence of ‘distortions which must be corrected’.

Tuesday, November 22nd 2011 - 07:19 UTC

Argentine industry supports subsidy-elimination policy, but calls for gradualism

UIA Vice-president Sacco: if cuts are not progressive, ‘we’ll have inflation’

Argentine president Cristina Fernandez received strong support from the industrial sector for her latest policy of eliminating subsidies which are widely extended in the economy, but manufacturers also called for prudence and gradualism.

Monday, November 21st 2011 - 15:31 UTC

A third of metropolitan Buenos Aires live below poverty line claims Catholic Church

Shanty towns next to Buenos Aires main train station

Over a third of metropolitan Buenos Aires, 34.9%, live below the poverty line which is equivalent to 4.4 million people, more than double the official Argentine government estimate, according to a paper from the Argentine Catholic University, UCA, and the local Caritas chapter from the Catholic Church.

Monday, November 21st 2011 - 07:10 UTC

Argentina forecasts 49.5 million tons of soybeans 12 million tons of wheat

Soybeans could turn out to be the second-largest crop ever in 2011/12

Argentina's 2011-12 soybean area will likely rise 0.6% on the year to 19 million hectares, the Agriculture Ministry said in its weekly crop report. The forecast is the first from the ministry for soybeans, the country's top crop and export.

Saturday, November 19th 2011 - 06:09 UTC

Argentina sponsors a free movement of peoples’ area in Magallanes and Tierra del Fuego

Ambassador in Chile Ginés González García

Argentina announced its full support to make the tip of the South American continent ‘a free movement of peoples’ area’ that would include Chile’s Magallanes region in the extreme south of the country and Tierra del Fuego, shared by the neighbouring countries.

Friday, November 18th 2011 - 21:39 UTC

Argentine economic activity expands in September for 25th straight month

Grain exports and strong domestic demand are boosting the economy

Argentina's economy grew 7.7% in September from a year earlier, the government said on Friday, beating market expectations and marking the 25th straight month of growth.

Friday, November 18th 2011 - 21:27 UTC

CFK calls for a national ‘intellectual sovereignty’ commitment and ‘the 2003 model’

The Argentine president praised young people for their involvement in politics

President Cristina Fernández urged Argentines ”to make an effort to understand the moment the country and the world are undergoing” while heading a ceremony to commemorate the 160th anniversary of the Vuelta de Obligado battle in the Buenos Aires area of San Pedro.

Friday, November 18th 2011 - 06:11 UTC

Argentine economic activity expands at steady pace, but signs of cooling

The financial sector expanded 26% during October

Argentine economic activity grew at a steady pace in October but there are signs that growth will cool in the coming months, local consultants Orlando J. Ferreres & Asociados, OJF, said Thursday.

Friday, November 18th 2011 - 05:27 UTC

Peugeot and GM Argentina promise not to remit dividends for two years

Cristina Fernandez at the launching of a new Peugeot model 308

The French auto consortium Peugeot-Citröen agreed with the Argentine government not to remit earnings during two years (2011/2012), approximately 50 million dollars announced Argentine government sources.

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