For the first time since the litigation of hedge funds against Argentina the International Monetary Fund warned about the ‘risks’ which would entail ratifying Judge Thomas Griesa ruling condemning Argentina to pay over a billion dollars plus interests to the so called ‘vulture funds’.
Argentine authorities investigating alleged tax and currency exchange fraud searched this week the factory of a U.S. investor who is among litigants seeking hundreds of millions over Argentina's 2001 default.
Three former Ford Motor Co. executives have been charged with crimes against humanity in Argentina for allegedly targeting union workers for kidnapping and torture after the country's 1976 military coup.
Argentina's trade surplus shrank 38% in April from a year earlier to 1.15bn, revealed the national statistics institute Indec, indicating the government has significantly loosened restrictions on imports. A year ago the surplus was 1.85bn dollars.
Two suspects in the bombing of the AMIA Jewish centre in Buenos Aires are candidates in Iran’s presidential election. Mohsen Rezai and Ali Akbar Velayati, who are believed to have planned the 1994 attack, were among the eight candidates approved for the June 14 election by Iran’s Guardian Council to succeed Mahmoud Ahmadinejad.
Brazilian state-controlled energy giant Petrobras plans to continue operating in Argentina although it may sell some assets there, CEO Maria da Graças Foster said.
Argentina and Brazil will be launching their first two jointly developed scientific satellites for research along the Atlantic coast in a couple of years, according to Brazil’s Science and Technology minister Antonio Raupp.
Northern Argentina Qom indigenous community leaders this week held a formal meeting with Supreme Court justices and Formosa government officials. After the hearing, the community leader Félix Díaz requested President Cristina Fernández support in a controversy over land property they have with the provincial authorities in Formosa.
Argentine President Cristina Fernández (CFK) indirectly acknowledged that inflation has become a major challenge for her government despite the fact that the official reading in twelve months is 10.6%, even when private estimates indicate 24% and expectations have soared to 34%.
The Argentine government sponsored whitewashing or ‘tax amnesty’ bill received half approval on Wednesday when the Senate passed the initiative by 39 to 28 votes, a bill which the opposition has labelled ‘immoral’. After seven hours of debate and over twenty speakers the line was clearly drawn between the Kirchnerite group and its allies and the rest of the House.