The Argentine government, together with Brazil, India and South Africa questioned the inclination, almost bias, of some trade measures elaborated by the World Trade Organization Director General.
President Cristina Fernández announced on Thursday the development of a mining project between Neuquén, Mendoza and Río Negro provinces which will led by Brazilian company Vale, and is expected to become the largest potassium mining site in the world.
Argentina's state entities must purchase diesel, gasoline and lubricant supplies for cars, boats and planes solely from YPF, the recently nationalized oil company, and not competitors like ExxonMobil, Petrobras or Shell, the government ordered Thursday.
Brazil’s central bank reiterated that inflation will continue to slow toward its target, signalling it will further reduce interest rates that have already been cut to a record.
Under the heading of “Knock, knock, the government unleashes the tax agency against its opponents” The Economist latest edition claims that President Cristina Fernandez is using the tax revenue office to hound its political enemies.
The main concern of Argentines is insecurity, followed at a distance by poverty according to a public opinion poll released this week in Buenos Aires, which also revealed that one out of three interviewed had been victims of some kind of criminal activity.
The head of the Argentine Rural Society (SRA) Hugo Biolcati blasted the national and provincial governments economic policies towards the agricultural sector during his opening remarks at the inauguration of the 126 annual edition of the entity’s exhibition held at La Rural pavilion in Palermo, Buenos Aires City.
Argentina and Bolivia signed on Wednesday new agreements to increase the sale of Bolivian natural gas to its southern neighbour but the controversial issue of a price review went unnoticed.
The US dollar reached a new high in the Argentine informal market during Wednesday trading at 6.74 pesos, 25 cents more than on Tuesday while the gap with the official exchange rate jumped to 47.2%.
Argentine CGT Labour Confederation head Hugo Moyano said on Wednesday that he would not vote again for President Cristina Fernández but nevertheless sent her a letter requesting she receives the new CGT board which the government does not recognize.