In her speech to the 68th United Nations General Assembly on Tuesday Argentine President Cristina Fernandez stressed that regulating the financial markets is a human rights issue and claimed that Argentina has been a repeat victim of shady financial entities such as the 'vulture funds', despite having repeatedly proved it is prepared to honour debt commitments.
President Cristina Fernandez during her speech to the UN General Assembly said she hoped that the new Government in Iran would cooperate with Argentina in relation to the clarification of the attack on the Asociación Mutual Israelita Argentina (AMIA) in Buenos Aires in 1994.
Argentine President Cristina Fernández used Tuesday’s speech in before the UN General Assembly to once more criticize British military movements in the South Atlantic, condemning the use of nuclear submarines around the disputed Falklands/Malvinas Islands.
Argentina’s oil and gas YPF and Dow Chemical Co. Argentine unit signed a final accord to invest 188 million dollars to jointly develop shale gas at the country’s Vaca Muerta formation, in the Patagonian province of Neuquen.
Germany’s Wintershall sealed a 150 million dollar unconventional exploration contract with the Argentine province of Neuquén’s owned Gas y Petroleo de Neuquén to search for oil in the Vaca Muerta formation. The agreement could later be extended to 3.35bn.
Argentina’s trade balance collapsed 60% during August compared to a year ago because of stagnant exports and the doubling of energy imports according to the latest release from the government’s stats office, Indec.
The new Argentine ambassador before the Organization of American States, OAS, former Defence and Home Security minister Nilda Garré begins her diplomatic job with a main line of action: ‘claiming the Malvinas Islands sovereignty” and the “resumption of negotiations with the UK”.
Argentine president Cristina Fernandez is scheduled to address the United Nations General Assembly in New York on Tuesday and according to the official agenda has several appointments with political leaders and business representatives.
Argentines expect an inflation of 30% for the next twelve months despite a slight deceleration in prices which consumers admit in some periods of the current year according to the findings from the Di Tella University.
Japanese car maker Toyota Motor Corp. plans to invest 800 million dollars to boost production capacity at a factory in the province of Buenos Aires. The plan unveiled by Argentine Industry Minister Debora Giorgi will almost double the size of the factory and allows to increase vehicle output to 140,000 units a year from 92,000 currently.