Argentina

Argentina
Monday, September 27th 2010 - 15:31 UTC

Argentina retains a “competitive peso” in spite of global inflows of US dollars

Argentine central bank President Mercedes Marco del Pont: paying sovereign debts with reserves

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%.

Friday, September 24th 2010 - 23:40 UTC

Cristina blasts UK and UN Security Council for lack of progress in Falklands/Malvinas

The Argentine president displayed her speaker’s talent and wardrobe at the UN

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.

Friday, September 24th 2010 - 05:49 UTC

Falklands, Iran, Palestine, issues of Mrs Kirchner address to UN assembly

The Argentine president will also try and convince investors and businessmen

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.

Friday, September 24th 2010 - 05:12 UTC

Uruguay marks distance from Argentina: UK does not come to plunder resources

Falklands’ bound HMS Gloucester remains at the heart of the controversy

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.

Friday, September 24th 2010 - 02:49 UTC

In two years Argentina’s cattle herd lost 15% and is down to 49 million

Uruguay has replaced Argentina as top per capita beef consumers and sixth world exporter

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.

Friday, September 24th 2010 - 02:44 UTC

Mrs. Kirchner confirms controversial economist as central bank president

Marco del Pont openly supports using international reserves to pay sovereign debt

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.

Thursday, September 23rd 2010 - 04:51 UTC

Argentina ignores Paraguay; builds new canal to pump water from shared river

Argentine ambassador in Paraguay was unaware of the dredging parallel to the Pilcomayo river

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.

Thursday, September 23rd 2010 - 04:04 UTC

Argentine main business sectors reject unions’ supervised profit-sharing bill

The Group of Seven during a sombre meeting

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.

Wednesday, September 22nd 2010 - 15:57 UTC

Argentina promotes tourism in UK; BA direct flights London/Buenos Aires in March

Tourism Minister Enrique Meyer promoting Argentina in London

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.

Wednesday, September 22nd 2010 - 07:42 UTC

Argentine files complaint against the country’s two largest newspapers

Hector Magnetto, managing director of Clarin and target of the Kirchner administration

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.

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