Argentina

• Thursday, October 31st 2013 - 20:44 UTC

  Hedge fund remains hopeful of a “consensual resolution” of bonds dispute with Argentina

  

  In a letter to investors dated October 28, Elliott Management said it remained hopeful that a “consensual resolution” can be achieved with Argentina regarding the hedge funds dispute. Elliott, which ranks among the industry's most enduring funds, having opened in 1977 with one million dollars in assets, tried to force Argentina to make full payment on bonds it bought more than a decade ago.

• Thursday, October 31st 2013 - 19:30 UTC

  Chinese navy vessels call in Buenos Aires for the first time part of a South American tour

  

  Vessels from China's Popular Liberation Navy docked for the first time in Buenos Aires in the framework of a South American tour that includes Chile and Brazil. The lead ship is destroyer Lanzhou with missile capability, the frigate Liuzhou and the support vessel Boyanghou, all active with the China's South Sea Fleet.

• Thursday, October 31st 2013 - 06:35 UTC

  IDB approves 300 million dollars loan for north Argentina road network

  

  The Inter-American Development Bank (IDB) has approved a 300 million dollars loan to finance a multiple-work road program aimed at improving the conditions of accessibility, efficiency, and safety of priority roads of Argentina’s Norte Grande Region’s provincial road network and at contributing to the area’s sustainable economic development.

• Thursday, October 31st 2013 - 04:47 UTC

  President Cristina Fernandez resting but also involved in some decisions

  

  Argentine president Cristina Fernandez who is currently recovering from cranium surgery to drain a blood clot, “reads and knows everything” about the current state of things in the country, revealed governor of Entre Ríos province Sergio Urribarri.

• Wednesday, October 30th 2013 - 07:45 UTC

  Clarin loses constitutional battle, but Argentine government ordered to treat all media equally

  

  The Argentine Supreme Court on Tuesday after four years of litigation finally declared the constitutionality of the Broadcast Media Law, effective immediately, and which forces the powerful Clarin media consortium to comply with the antimonopoly legislation and sell off many of its operating licenses.

• Wednesday, October 30th 2013 - 07:33 UTC

  Botnia/UPM conflict: Argentina retaliates against Uruguay with trade and port measures

  

  Argentina has made public its first retaliation against Uruguay over the Botnia/UPM pulp mill controversy and has banned Argentine exports from being trucked to Montevideo for shipment overseas. The resolution was published Tuesday in the Official Gazette and invokes maritime transport agreements in the framework of Mercosur.

• Wednesday, October 30th 2013 - 07:29 UTC

  Argentina expands political relationship and cooperation with the Caribbean

  

  Argentina pledged to strengthen its relationship with the Caribbean Community (Caricom) saying that it was also looking to develop new areas of integration with the Caribbean under the paradigm of south-south cooperation, reports the Jamaica Observer from Georgetown Guyana.

• Wednesday, October 30th 2013 - 06:57 UTC

  Petrobras negotiating sale of assets in Peru to Chinese company for 2bn dollars

  

  China National Petroleum Corp., the country’s largest oil producer, is nearing an agreement to buy Petrobras assets in Peru for more than 2 billion dollars. The proposed deal may be announced as soon as next month, according to sources quoted by Bloomberg.

• Tuesday, October 29th 2013 - 16:25 UTC

  More Kirchnerism from less votes; Election result won’t bring change of direction

  

  By Rosendo Fraga (*) - On presidential instructions, the ruling party headed by Acting President Amado Boudou and Buenos Aires Governor Daniel Scioli endeavored to transform Sunday night’s midterm election defeat into a result living up to the Victory Front’s name.

• Tuesday, October 29th 2013 - 00:13 UTC

  NASA solves the mystery of a “city of lights” in the South Atlantic night: jiggers

  

  When in December 2012, the NOAA National Geophysical Data Center and the NASA Earth Observatory released a new map of the Earth as it appears at night they “found something fishy off the coast of Argentina” but now the mystery has been solved. About 300 to 500 kilometers offshore, a city of light appeared in the middle of the South Atlantic Ocean. There are no human settlements there, nor fires or gas wells. But there are an awful lot of fishing boats.