The Argentine economy expanded 4.9% last year according to the official stats office Indec 'monthly economic growth indicator', EMAE, which is usually a good anticipation of the final figures. If confirmed Argentina will have grown uninterruptedly since the 2002 crisis, when the major default and melting of the economy.
Spanish oil major Repsol said Friday that, as part of a preliminary compensation deal struck last year with the Argentine government for the seizure of its former unit, YPF, it will take a charge of 1.28 billion Euros (1.76 billion dollars) on its 2013 earnings.
Several research vessels coincided in South Georgia Island during the month of January plus HMS Protector involved in extensive surveying of South Sandwich Island for the UK Hydrographic Office, reports the latest edition of the South Georgia newsletter.
A group of bondholders that entered the restructuring of Argentine debt in 2005 and 2010 have presented their own appeal before the United States Supreme Court, in the case involving the so-called holdout hedge funds. The petition, made public on Thursday, mirrors a similar appeal carried out on Tuesday by the Argentine government.
The current political crisis in Venezuela is rattling regional organizations, has two of the leading countries fearful of the crowds in the streets, while Latin American left wing populism believes there is a concerted right wing effort to destabilize the governments of Venezuela and Argentina, according to Argentine political analyst Rosendo Fraga.
A majority of Uruguayans, 55%, believe their country must support Argentina's sovereignty claims over the Falklands/Malvinas Islands but an overwhelming 80% also want closer trade links with the Islands and reject the ban on Falklands flagged vessels to operate from Montevideo or other Uruguayan ports. In both cases neutral opinions range 11% and 12%.
Argentine president Cristina Fernandez turned 61 on Wednesday and celebrated the event at El Calafate, “her place in the world” as she calls the Patagonian resort, where she arrived last Friday to party with family and friends.
Over half the Argentines want president Cristina Fernandez to remain in office and to finish her four year mandate and at the same time reject conspiracy theories which pretend to force the exit of the controversial leader.
In early March Mercosur will have readied its proposal to liberate trade to be presented to the European Union, the basis for a wide-ranging cooperation and trade agreement between the two blocks, announced Rubens Barbosa, head of the Trade Council from the Sao Paulo State Industries Federation, FIESP.
Argentina's state oil company YPF announced this week that it had signed a memorandum of understanding (MOU) with a subsidiary of Malaysia's national oil company Petronas for unconventional oil and gas resources development in Argentine Patagonia.