Argentina

• Friday, April 11th 2014 - 08:19 UTC

  Chevron and YPF unveil plans to invest another 1.6bn in Vaca Muerta shale

  

  US oil giant Chevron and state-controlled YPF unveiled plans Thursday to spend another 1.6 billion dollars to develop Argentina's Vaca Muerta shale formation for oil and gas projects. The investment comes on top of 1.2 billion Chevron agreed to spend last year for a shale pilot project.

• Friday, April 11th 2014 - 04:45 UTC

  Argentina and Chile prepare to celebrate 1984 peace and friendship treaty

  

  Argentina and Chile defense ministers Agustín Rossi and Jorge Burgos Varela met in Buenos Aires 'to continue advancing and deepening' the bilateral relation, which this year will have a special celebration motive: the 30th anniversary of the Peace and Friendship treaty which definitively put an end to the Beagle Channel longstanding dispute.

• Friday, April 11th 2014 - 04:38 UTC

  Hedge funds target laundered funds in Nevada by close associate of the Kirchner family

  

  The American Task Force Argentina (ATFA), an organization which unites several bond holders from the Argentine default of 2001, questioned on Thursday the “lack of transparency” within President Cristina Fernández administration, during a video conference with reporters.

• Thursday, April 10th 2014 - 06:17 UTC

  Argentine top minister in Washington attending the 'ideologically bias” IMF assembly

  

  In a strong reply to the IMF report on the Argentine economy forecasting 0.5% expansion in 2014, the administration of President Cristina Fernandez said the multilateral organization suffers of an 'ideological bias' and its recipes only prompted the 'worst social and productive crisis in the history of Argentina'.

• Thursday, April 10th 2014 - 05:56 UTC

  Argentine unions anticipate massive support and turnout for Thursday's national strike

  

  Argentina will witness on Thursday a new test of political clout and influence between the administration of Argentine president Cristina Fernandez and dissident organized labor, headed by teamster Hugo Moyano who has called for a national strike, anticipating it will have “a resounding massive support and turnout from the Argentine people”.

• Thursday, April 10th 2014 - 05:46 UTC

  Pope Francis joins the lynching outbreak debate in Argentina

  

  In a letter addressed to two Argentine humanists living in Sweden, Pope Francis deeply regretted the murder of an 18-year-old who was beat to death by a group of Rosario citizens after he had allegedly stolen a woman’s purse. “The worst that can happen to us is to forget about that scene,” the pontiff said.

• Wednesday, April 9th 2014 - 07:29 UTC

  IMF joins Argentine GDP linked bonds controversy involving potential payment of 3bn dollars

  

  The International Monetary Fund reported on Monday a steep deceleration of Argentina’s economic activity for 2014, in a context of “high uncertainty”, according to its latest World Economic Outlook released in Washington.

• Wednesday, April 9th 2014 - 07:03 UTC

  Algeciras mayor highlights 'English occupation' of Gibraltar and the Falklands

  

  The mayor of the Spanish town of Algeciras, Jose Ignacio Landaluce flew back this weekend from Argentina, where he had attended a twinning ceremony with Rio Grande, Tierra del Fuego that sought to highlight the ‘English occupation’ of Gibraltar and the Falkland Islands.

• Wednesday, April 9th 2014 - 06:52 UTC

  Latest storms and rainy weather could cost Argentina 3 million tons of soybeans

  

  Argentina's crop of soybeans and cereals, and the country's main source of hard currency is threatened by the last few days storms of pouring rainfall, flash floods and mud slides that have punished at least seven provinces. Argentina is one of the world's main suppliers of grains.

• Wednesday, April 9th 2014 - 06:27 UTC

  Another case of “lynching” in one of Buenos Aires most posh neighborhoods

  

  A purse snatcher on a motorcycle ended in hospital terribly beaten up by furious neighbors from one of Buenos Aires City most posh boroughs caught him after committing the crime. A woman police on the beat had to rescue the robber from the lynching crowd until other officers arrived.