Argentina said on Monday it was suspending HSBC Bank Argentina's right to transfer money abroad for 30 days due to irregularities, two months after charging it with helping clients evade taxes by siphoning their funds off to Switzerland.
Argentina and China entered a new phase of their relationship in July last year after upgrading it to a “comprehensive strategic association” and signing a battery of agreements, which include a 4.7 billion investment in hydroelectric dams, 2.09 billion in the renovation of the rail system and an 11 billion currency swap.
Sales of new cars in Argentina plunged 42% in December, compared to the same month of 2013, a steep drop that managed to raise eyebrows in an industry that had gotten used to declines month after month. It was steeper than the already strong 37% drop seen in November.
Argentina's Tierra del Fuego provincial government decided on Wednesday to preventatively suspend Pesantar's fishing license following claims that the company is associated with another group operating in the South Atlantic but with a Falklands' government license.
Authorities on Wednesday conducted a court-ordered search of the Argentine headquarters of London-based bank HSBC, which faces allegations of aiding tax evasion, it was reported in Buenos Aires.
Argentina is in state of shock following the death of a seven-year old aborigine of malnutrition which turned into a complicated case of TB. The child belonged to the Qom indigenous community in Chaco, northern Argentina that has been forced to a life of deprivation and despair because on ongoing battles over the possession of reservation lands.
Argentina and Chile signed on Tuesday in Santiago the creation of a bi-national entity responsible for the Las Leñas Pass tunnel project (Ebileñas) to be drilled in the Andes connecting the two countries.
Ladies in distress, particularly in summer time when going swimming is a ritual in Argentina: in effect because of the imports restrictions and lack of sufficient dollars, tampons are in short supply. They had been scarce all along the year but the situation peaked now that summer holidays have taken off.
Aurelius Capital Management, one of the main plaintiffs against Argentina in New York District Judge Thomas Griesa’s courtroom, has denied being part in a lawsuit filed against Brazilian state-owned oil company Petrobras, in response to accusations by Argentina’s Economy Minister Axel Kicillof.
Argentine farmers exported more than 300 million dollars worth of grains and oilseeds in the last two days of 2014 to help bring in much needed cash for the nation’s central bank. The situation was boosted by an agreement reached between farmers and the Argentine government regarding foreign currency payment for the grains and oilseed.