Argentina

Argentina
Monday, January 11th 2010 - 12:33 UTC

Central bank conflict: Argentina’s institutional soundness at stake

President Cristina Kirchner authoritarian style clashes with Congress

Argentina's government filed an appeal this weekend against a court ruling that blocked its plan to use Central Bank reserves to pay debts and ordered the bank president's reinstatement, the Cabinet chief said.

Saturday, January 9th 2010 - 14:15 UTC

Botnia dispute “possibly linked” to burglaries in Uruguayan embassy in Argentina

Uruguayan Foreign Affairs minister Pedro Vaz

Uruguayan Foreign Affairs minister Pedro Vaz confirmed Friday that the embassy in Buenos Aires suffered several attacks, burglaries and threats during the last five year period and did not discard it could possibly be linked to the dispute with Argentina over the construction of a pulp mill on a shared border river.

Saturday, January 9th 2010 - 14:13 UTC

Argentine sovereign bond holdouts reject latest payment offer

Argentina's new debt-swap offer to US creditors is “unacceptable” and does not improve on a proposal it made five years ago, the president of the debt-holding group Argentina Task Force, Robert Shapiro, said on Thursday, quoted by French news agency AFP.

Saturday, January 9th 2010 - 08:11 UTC

Clash for Argentina’s Central bank reserves turns into political turmoil

Martin Redrado is challenging the Kirchner couple’s “bulldozer” policies

Martin Redrado was “restored” Friday to his post as President of the Argentine Central Bank following an injunction from Federal Judge María José Sarmiento. Redrado had been removed Thursday by President Cristina Fernández de Kirchner through an emergency decree for having resisted releasing 6.6 billion US dollars from the bank’s reserves

Friday, January 8th 2010 - 08:11 UTC

Mrs. Kirchner gets her way and will pay debts with Central bank reserves

Martin Redrado lost the institutional battle

Argentine President Cristina Fernandez de Kirchner and her cabinet signed Thursday a disputed decree removing Central Bank President Martin Redrado from office amid a fight over the use of bank reserves to pay debt due this year.

Thursday, January 7th 2010 - 17:27 UTC

Former Argentine ambassador in Montevideo praises Uruguay’s “three Joes”

Hernan Patiño Meyer admirer of Uruguay’s political process

The Argentine government accepted on Wednesday the resignation of its ambassador in Uruguay, Hernan Patiño Meyer who has been involved in a political controversy following comments praising Uruguayan president-elect Jose Mujica.

Thursday, January 7th 2010 - 17:17 UTC

Political standoff in Argentina over sacking of Central Bank president

Martin Redrado insists that Congress must vote on using bank reserves to pay debts

A political standoff over the head of Argentina's central bank materialized Wednesday after the bank's president declined to support a plan to use 6.5 billion US dollars in reserves to pay debt.

Thursday, January 7th 2010 - 17:13 UTC

Argentina expects record corn yield and exceptional sorghum crop

Abundant rainfall is vital for summer harvests

Argentina, the world’s second-largest corn exporter could increase output by more than 42% this year from initial estimates as spring rains boost yields to a record, the country’s main corn growers group said.

Thursday, January 7th 2010 - 17:05 UTC

Argentina opens “dirty war” files except those related to South Atlantic conflict

The Navy’s Mechanic School, a notorious death and torture centre during the “dirty war”

Argentina declassified and has made public all documents and information related to military activities for the period extending from 1976 to 1983 when the country was ruled by the Armed Forces, However decree 4/2010 excludes all information and documents related to the South Atlantic (Falklands/Malvinas) conflict and any other inter-state conflict”.

Thursday, January 7th 2010 - 16:47 UTC

Puerto Madryn cruise industry faces bleak future

Puerto Madryn is also famous for its marine life and whales’ sightseeing

Puerto Madryn in Argentine Patagonia expects a considerable fall in the number of cruise calls following Norwegian Cruise Lines decision to stop operating in the Valparaíso/Buenos Aires tour in the next 2010/2011 season.

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