Argentina's tax office has stripped US multinational company Procter & Gamble of its registration for alleged fraud, the office announced on Sunday. The federal tax collection office, known as AFIP, has alleged that P&G evaded paying duties on imports from Brazil, billing through a Swiss subsidiary, in what it called potentially aggravated contraband.
Argentina and Brazil were elected by the United Nations General Assembly as members of the UN Economic and Social Council, ESOCOC for a period of three years beginning next January first. Argentina received 182 out of 186 votes.
Argentine President Cristina Fernandez stressed health forced her on Sunday afternoon to check into Buenos Aires' Otamendi hospital for treatment of an infectious fever, according to a statement issued by the government.
Fitch ratings on the last day of October downgraded Argentina's Par bonds issued under Foreign Law to 'D' from 'C', after the country failed to complete an interest payment, raising the risk that creditors could demand that its cash-strapped government immediately repay all of its debt.
The BBC has refused to apologize to Argentina over a Top Gear special filmed in the country. The show's stars and crew had to abandon filming last month amid angry protests over a car number-plate that appeared to refer to the Falkland Islands War.
Argentina's holdout dispute spills into the White House: CFK sends letter to Obama questioning Ambassador Soderberg
In a harsh letter, released on Friday, Argentine President Cristina Fernandez urged US President Barack Obama to explain whether ”Nancy Soderberg, the person you have appointed as Chair of the Public Interest Declassification Board (PIDB), which reports directly to the Government of the United States of America, is also the Co-Chair of the American Task Force Argentina (ATFA), an entity specifically created to attack and slander the Argentine Republic and its President.”
The central banks of Argentina and China on Thursday activated a bilateral currency-swap agreement, which meant that the Argentine central bank received an initial tranche of Yuan equivalent to 814 million dollars.
Argentina's lower house of Congress, which is controlled by President Cristina Fernandez's allies, gave final approval Thursday for a new Hydrocarbons Law that was harshly criticized by opposition lawmakers. The lower house passed the bill with a vote of 130-116 with one abstention after more than 14 hours of debate.
In what is considered a leading case for Argentina, the country's Supreme Court said search engines are not responsible for any content they index, handing a victory to Google in what had become one of the most technologically complicated issues to reach Argentina’s highest court in recent memory.
Argentine Cabinet chief Jorge Capitanich called bondholders to “take legal action against (US Judge Thomas) Griesa instead of demanding the acceleration of (Argentine) bonds,” following rumors that Owl Creek Asset Management LP is discussing the formation of a group to demand immediate repayment on bonds.