Argentina's Senate voted on Wednesday night the nationalization of flag air carrier Aerolíneas Argentinas, privatized 18 years ago and lately managed by the Spanish group Marsans.
Angry commuters have set fire to train carriages on Thursday in metropolitan Buenos Aires to protest morning rush hour delays. The police reported several arrests and the Argentine government blamed leftist activists for the incidents.
Argentina will repay its 6.7 billion US dollars of pending debt with the Paris Club group of creditors, seeking to ease companies' access to financing as growth slowed and growing signals from risk rating agencies indicated the country was heading for a default scenario if no changes were implemented to economic policies.
Rising fuel prices, tax and wage increases, and market instability in terms of the future has stoked great concern and uncertaintly among those involved in the national fishing sector.
After the four-month conflict with the Argentine government over the hike in grains and oilseeds export duties, farmers began protesting again last week in the interior of the country demanding an end to President Cristina Fernandez de Kirchner administration's inaction.
Argentina will be making a formal presentation before United Nations claiming Antarctic sea bed sometime in early 2009 it was announced this weekend in Buenos Aires. The issue is back in the headlines following the UK's claim presentation involving St Helena and Ascension islands in the mid Atlantic.
Wall Street investment banks downplayed the risks of an Argentine default even with lower soy prices, a slowing down of the economy and soaring inflation. The announcement from Morgan Stanley, UBS and Barclays Capital follows weeks of speculation that Argentina was technically on the verge of another financial disaster.
With August gone and inflation estimates for the month in the range of 1.6 to 2.2% corporate Argentina has joined the bandwagon and is warning about the impact of double digit prices for consumers, industry and unions trigger clauses.
Due to the inflation, estimated between 10 and 20 percent and to the drop in the dollar's value, Buenos Aires City is more expensive than last year, but it still ranks among the cheapest cities in the world for foreigners, according to a international survey on the cost of life carried out by Mercer pollsters.
Salvador Rosetti Serra, a 79-year-old retired lawyer, yesterday became the first Argentine citizen in almost two years to cross to Fray Bentos, Uruguay, through the roadblock being held by environmental activists on international Route 136, in Entre Ríos. He presented a ruling issued by Federal Judge María José Sarmiento, ordering the demonstrators to let him pass.