The current Illex squid season for Argentina has been one of the best in the last five years but exports have not been as dynamic: in the first quarter of this year overseas sales were a modest 37.300 tons, (36 million US dollars) according to Chubut province press reports.
Argentine Economy minister Felisa Miceli estimated inflation this year will range between 9.5 and 10%, following the release of the May index, 0.4%. She also announced that the issuing of a bond in local currency to soak liquidity from the money market was very successful
As has been the rule the 37th Organization of American States Foreign Secretaries summit unanimously approved a declaration in support of Argentina's claim to the Malvinas/Falklands islands while Argentina pounded Britain for its unilateral actions ignoring cooperation understandings.
Spanish-Argentine oil company Repsol YPF SA admitted Monday that it's looking to divest a stake of around 45% of its Argentine unit YPF which it purchased in 1999 for the sum of 15 billion US dollars when Argentina was ruled by President Carlos Menem.
Less than 24 hours after the Buenos Aires City elections results were made official, Argentine president Nestor Kirchner jumped into the run off dispute scheduled for next June 24 between the Conservative winner of the first round Maruicio Macri (46%), and his protégé and Education Minister Daniel Filmus (24%).
Today Argentina's capital will be voting for a new mayor (governor) and given the political significance of Buenos Aires City June 3 will be signaling the beginning of five long months of electoral battling culminating October 28 with the election, most probably, of another Kirchner (Mr. or Mrs.)
Buenos Aires City Conservative candidate Mauricio Macri on Sunday night was almost doubling the votes of his runner up but still short of the 50% plus one needed, and will therefore have to face a run off nest June 24 in the election for mayor of Argentina's capital.
Brutal government intervention, is what mayoral candidate Jorge Telerman blamed for the fact that his rival Daniel Filmus had managed to climb a few percentage points in the polls for Sunday's City elections. He made his remarks as the curtain fell on the 2007 mayoral campaign ÃÂ¢€ after 8am yesterday morning all campaigning was banned.
The cold spell that gripped Argentina since early this week has left 31 dead, the Spanish news agency EFE reported.
The false passport used by high-ranking Nazi Adolf Eichmann in 1950 to escape to Argentina was accidentally discovered in an old court record in Buenos Aires.