Argentina

Argentina
Tuesday, May 3rd 2016 - 08:20 UTC

Argentine whistle blower reveals the Kirchner corruption system and admits he fears for his life

In a long television interview Leonardo Fariña who is now a protected witness, expressed fear about his life because of non trustworthy Argentine judges

Argentine whistle blower and former financial advisor to Kirchnerite businessman Lazaro Baez, who is imprisoned accused of money laundering and overbilling public works contracts, has told his former boss “not to be stupid and tell all the truth, what really happened”

Monday, May 2nd 2016 - 08:18 UTC

Macri claims Argentina hid unemployment with 'worthless public jobs', at Labor Day event with dissident union

Macri was joined by First Lady Juliana Awada and Cabinet Chief Marcos Peña among other officials at the food workers union, May first celebration

Argentine president Mauricio Macri attended an event at a dissident union headquarters in the City of Buenos Aires where he marked the Labour Day with unionized workers of the food sector, and blasted the previous administration for hiding unemployment with public jobs.

Monday, May 2nd 2016 - 08:13 UTC

Argentines worried about inflation and unemployment; fuels increase 10% in May

An overwhelming majority of respondents, 86% said inflation is the major concern, triggered by “the hikes in power and gas rates”

A clear majority of Argentines are most worried about inflation and unemployment, a report by the D’Alessio IROL and Berenzstein private consulting agencies have showed.

Monday, May 2nd 2016 - 07:54 UTC

Argentine needs US$ 37bn to address the budget deficit and foreign debt payments

The government will “very soon” issue a new Treasury note to capture dollars that are being stored “under the mattress”, Finance Secretary Luis Caputo said.

Argentina will issue a fresh round of dollar-denominated debt notes worth an estimated US$8 billion in the next few days, top officials from the Finance Ministry confirmed. The government will “very soon” issue a new Treasury note to capture dollars that are being stored “under the mattress” in a process that will kick off with a meeting with bankers, Finance Secretary Luis Caputo said.The Argentine government hopes to bring in US$5 billion through the issuance.

Saturday, April 30th 2016 - 13:52 UTC

South Atlantic poacher Hua Li 8, arrested by Indonesian for illegal fishing

On January 29, the Chinese flagged Hua Li 8 was detected fishing within the EEZ of Argentina, but managed to escape

Almost two months of efforts coordinated by Interpol with the cooperation of seven countries on four continents, the Indonesian Armed Forces arrested one of the most wanted poaching fishing vessels. On January 29, the Chinese flagged Hua Li 8 was detected fishing within the EEZ of Argentina, which triggered an immediate operation to arrest the vessel. But despite the display of patrol vessels and aircrafts, and warning shots, the vessel managed to escape.

Saturday, April 30th 2016 - 12:41 UTC

British Supreme Court Justice gives a lecture in Buenos Aires on the Carta Magna

Lord Carnwath gave a lecture on the 1215 Magna Carta of the United Kingdom, that involved the debate over key human rights aspects.

Visiting British Supreme Court Justice Lord Robert Carnwath gave a lecture for the United Kingdom Course of the University of San Andres, in Buenos Aires. Among important participants to the event were the President of Argentina’s maximum tribunal, Ricardo Lorenzetti, as well as magistrates, prosecutors and renowned law experts.

Saturday, April 30th 2016 - 12:12 UTC

Argentine unions take to the streets to protest job cuts and inflation

”This is a historic gathering ... We understand that the interests of the workers come before the interests of the union leaders,” said Hugo Moyano

Argentina’s strongest unions brought thousands of people into the streets Friday to protest high inflation and job cuts in the biggest demonstrations against President Mauricio Macri since he took office in December. Demonstrators waving blue and white Argentine flags flooded the main avenues of Buenos Aires, blocking traffic in a protest that brought together rival unions that put aside differences to protest Macri’s policies.

Saturday, April 30th 2016 - 11:45 UTC

YPF will fight back legal claim seeking US$ 500 million for rescinding contracts

YPF said it was notified that it must pay damages of US$184.5 million to Brazilian electric utility AES and US$319.1 million to Transportadora de Gas del Mercosur

Argentina's state-run energy company YPF said this week it will fight a legal claim seek more than US$500 million in damages for rescinding natural gas export contracts in 2009. “YPF shall use all its legal resources to defend its interests and those of its shareholders,” the company said in a filing with the Buenos Aires Stock Exchange.

Saturday, April 30th 2016 - 11:10 UTC

Sea elephant sighted in the Uruguay River, some 200kms north of the River Plate

Apparently it's the same sea mammal sighted a few days ago, further south,  in Mercedes, Uruguay, which has also seen its coastline flooded.

A sea elephant has been sighted in the shores of Gualeguaychu, next to the River Uruguay, deep in the Argentine heartland province of Entre Ríos, which together with the opposite coast in neighboring Uruguay has suffered uncommon high floods that have left part of several cities covered in water.

Saturday, April 30th 2016 - 10:57 UTC

A natural size bronze statue of Kirchner found during Argentine prosecutors raids in Santa Cruz

The statue was discovered by the Argentine Federal Police in one of several warehouses in Rio Gallegos, where Baez kept his fleet of expensive luxury cars.

The mega judicial raids in Argentina into the properties of arrested Kirchnerite businessman Lazaro Baez and his family, in the southern province of Santa Cruz, so far have found less cash than rumored but far more assets that expected, including some surprises such as a full size bronze statue of former president Nestor Kirchner.

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