Argentina

Argentina
Friday, February 25th 2011 - 21:13 UTC

Argentina names globalization-critic economist as ambassador in France

Aldo Ferrer is an experienced bureaucrat and respected academic

Argentina has appointed economist Aldo Ferrer (84) ambassador to France. The decision was confirmed by the decree 180/2011 which was signed by President Cristina Fernández de Kirchner and Foreign Minister Héctor Timerman, on February 22.

Friday, February 25th 2011 - 00:57 UTC

Argentine industry satisfied with first landings from the Illex squid season

According to Pescare jiggers are landing between 500 and 800 tons each

The first Argentine jiggers returning to the port of Mar del Plata to land their catches are reporting good volumes of Illex Argentinus and are eager to return to sea, according to the Argentine fisheries news magazine Pescare.

Thursday, February 24th 2011 - 07:44 UTC

Boudou announces strong increase in government tax revenue and surplus

Economy minister Amado Boudou pleased with results ahead of an electoral year

Argentina’s primary surplus rose 103.7% and reached 2.1 billion Pesos (522 million US dollars) during January year-on-year, according to Economy Minister Amado Boudou. Tax revenue in January set a new record of 40.7 billion Pesos due to booming economic growth and rising inflation.

Thursday, February 24th 2011 - 07:31 UTC

US/Argentina incident stalled: “we are waiting for a satisfactory response”

US State Department official Philip Crowley: “we want our stuff back”

After the US Department of State official Philip Crowley tweeted that his country “wanted his (seized) stuff back,” the Argentine Foreign Ministry issued Wednesday a press statement in which it assured that it still awaits “a satisfactory response” to the formal complaint sent to the US embassy.

Thursday, February 24th 2011 - 07:20 UTC

After 22 years Repsol-YPF delists from the NY Stock Exchange

The Spanish company wants to cut costs and optimize presence in international markets

Spanish-Argentine energy company Repsol-YPF officially informed the U.S. Securities and Exchange Commission of its decision to de-list from the New York Stock Exchange, where its shares had been traded for almost 22 years.

Thursday, February 24th 2011 - 07:06 UTC

Argentina’s industrial output up 10.3% in January over a year ago

Steel production rose 28% to 5.14 million tons in 2010

Argentina’s industrial output climbed 10.3% during January compared to the same month in 2010, according to the Indec national statistics bureau. The volume reported was higher than the one expected by analysts, who had announced an 8.1 percent increase of the Industrial Monthly Estimator (EMI) in January.

Thursday, February 24th 2011 - 03:27 UTC

Argentina insists trade restrictions “in no way represent an obstacle for Mercosur partners”

Presidents Jose Mujica and Cristina Fernandez are scheduled to meet this week in Buenos Aires

Argentine Industry Ministry officials assured Wednesday that non-automatic licenses currently being applied to imports “in no way represent an obstacle for our Mercosur partners” and they have been implemented to monitor imports from outside the region.

Wednesday, February 23rd 2011 - 07:13 UTC

Indian tractor manufacturer plans to mount assembly plant in Argentina

India’s manufacturer of International Tractors (Sonalika brand) is in advanced negotiations with Argentina-based company Apache for the establishment of a 25 million US dollars assembly plant in the South American country as part of a regional campaign.

Wednesday, February 23rd 2011 - 06:50 UTC

US Supreme Court rejects Argentine appeal to unfreeze assets held in trust

The US Supreme Court on Tuesday rejected Argentina's appeal in its long-running legal effort to unfreeze some assets held in trust since 2007, following on its roughly 100 billion US dollars debt default five years earlier.

Wednesday, February 23rd 2011 - 06:45 UTC

Fourth quarter unemployment in Argentina down to 7.3%, says Indec

President Cristina Fernandez had advanced the percentage

Argentina's unemployment rate fell to 7.3% in the fourth quarter of 2010, according to a Tuesday release from the country’s national statistics institute, Indec. Argentine President Cristina Fernandez de Kirchner had announced the number informally in a speech last week.

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