The Argentine police unrest in demand for higher wages which started last Monday in Cordoba has rapidly spread to at least eight other provinces and the central government in Buenos Aires is preparing for a major challenge. It has already sent special gendarmerie forces to Santa Fe and Cordoba, on request from the governors.
Argentina will from next week open the doors for Brazilian imports held up on the border between the two nations, including footwear and motor vehicles, according to Brazilian Minister of Development, Industry and Foreign Trade Fernando Pimentel.
The US government has asked the US Supreme Court to intervene over a hedge fund's effort to gain information about Argentina's non-US assets as part of an ongoing litigation, which is rapidly becoming a lead case regarding sovereign assets and sovereign debts rescheduling.
The 127 Argentine Lower House members who were elected in the 27 October midterm election took the oath of office during a ceremony in Congress on Wednesday which ensures the ruling coalition of President Cristina Fernandez the necessary votes for quorum and absolute majority.
The governor of the Argentine province of Córdoba José Manuel De La Sota confirmed on Wednesday a wage deal was reached to end a conflict and protest staged by the police force on Tuesday which coincided with a wave of looting and left two people dead.
United States praised Argentina for its latest commitment to the payment of a debt worth more than 600 million dollars to five companies in exchange for the ending of legal action. The message was transmitted by the US most senior representative in Argentina Kevin Sullivan, in a brief encounter with cabinet chief Jorge Capitanich, according to reports in Ambito Financiero.
Looting and robbing spread to several areas of the Argentine city of Cordoba on Tuesday evening and night following a walkout from the police in the midst of a conflict over pay and other benefits.
The newly appointed head of Argentina's Central bank Juan Carlos Fábrega admitted that in the last few months loss of international reserves has been serious, but we are working to correct the situation.
The US Supreme Court heard arguments on Monday in the case of a British company embroiled in a legal battle with Argentina, with justices mulling the question of whether an arbitration tribunal has jurisdiction to punish a sovereign state in favor of a private company.
Fitch Argentina announced this week that industry pioneer Douglas Elespe has become its CEO/Managing Director and new venture partner, and will lead the company's shift to an Argentine and Uruguayan domestic credit ratings business focus under the new name FIX-SCR. The financial terms of the transaction are not disclosed.