Tag: Argentina

Wednesday, April 23rd 2014 - 09:28 UTC

Argentina's high court rules export levies are unconstitutional; case benefits shrimp exporter

In Argentina only Congress is entitled to create taxes.

Argentina's Supreme Court ruled as unconstitutional a Ministry of Economy resolution imposing export taxes on the overseas sale of produce from Camaronera Patagonica. Following the ruling the Patagonia shrimp company should be able to recover the levies on exports charged between March and August 2002.

Wednesday, April 23rd 2014 - 07:57 UTC

Former Menem symbol minister sentenced to four years imprisonment

María Julia Alsogaray was responsible for the privatization of Argentine telecommunications

María Julia Alsogaray, a former official in Argentine ex-president Carlos Menem administration cabinet (1989/99), was sentenced this week to four years in prison for the fraud she committed during the privatization of the state-owned EnTel telecommunications company in 1989. It is the third sentence for Alsogaray in the past few years.

Wednesday, April 23rd 2014 - 07:53 UTC

Argentine economy expands 1.3% in February over a year ago, says government

Agriculture's contribution was particularly strong while manufacturing and construction were down

Argentina's economy expanded 1.3% in February compared with the same month a year ago, the government said on Tuesday, a result that outpaced market expectations. The government's stats office Indec also revised January economic activity to positive 1.4% from a previously reported expansion of 1.2%.

Wednesday, April 23rd 2014 - 04:58 UTC

A centre-left broad front is born in Argentina as “a government alternative”

The new alternative celebrate at the launching of the group

The leaders of various Argentine centre-left and radical parties signed on Tuesday evening the document which marks the official birth of the Broad Front UNEN, the electoral coalition which aims to provide a non-Peronist alternative at the 2015 presidential vote.

Tuesday, April 22nd 2014 - 07:12 UTC

EU anti dumping measures force Argentina to eliminate taxes on bio-diesel

“We are in a trade war” Cristina Fernandez said in announcing the measure

Argentine President Cristina Fernandez on Monday asked Congress to eliminate some of the taxes paid by biodiesel manufacturers in a bid to support an industry hard hit by European Union anti-dumping measures, which was the country's main export market.

Tuesday, April 22nd 2014 - 07:06 UTC

Protested controversial photo show of Nestor Kirchner opens in Montevideo

The exhibit praises Kirchner as one of the greatest Argentine leaders of recent times

A great pictures exhibition of former Argentine president Nestor Kirchner to be opened on Tuesday in Montevideo's Town Hall has triggered strong criticisms from the opposition which claims there was no request to the elected councilors for such an event, which is sponsored by the Argentine embassy.

Tuesday, April 22nd 2014 - 07:01 UTC

Majority of Argentines (61%) dissatisfied with their financial situation

Similar situation to 2009, when the global financial crisis and the domestic clash between the government and farmers

Over 60% of Argentines are not satisfied with their current financial situation and believe the jobs market has little to offer according to the latest public opinion poll referred to the month of March, from Poliarquía Consultores and published in the Buenos Aires daily El Cronista.

Tuesday, April 22nd 2014 - 06:45 UTC

US Supreme Court inclined to limit disclosure of Argentine non-US assets

Chief Justice Roberts Jr. said that request went too far, “how many jet fighters Argentina happens to have”

US Supreme Court justices seemed to indicate on Monday that creditors should be able to seek limited information about Argentina's non-US assets in a case stemming from long-running litigation over Argentina's obligations to hedge bond investors. The US administration of President Barack Obama sided with Argentina based on the foreign sovereignty immunity act.

Tuesday, April 22nd 2014 - 06:26 UTC

Brazil and Argentina clash over auto-export restrictions; top level mission heads for Buenos Aires

Cristina Fernandez had to cancel a trip to Sao Paulo to open the Argentina House because Dilma could not attend

A high level Brazilian government delegation is scheduled to arrive in Buenos Aires on Tuesday to discuss the 'urgent' re-opening of the Argentine market for Brazilian auto exports that have dropped 32% since the beginning of the year because of unilateral decisions from the administration of president Cristina Fernandez.

Tuesday, April 22nd 2014 - 06:22 UTC

Cristina Fernandez praises the Kirchner years and rehearses her farewell speech

“I want to leave the next president a nation which is much better than that which we received”

President Cristina Fernández praised on Monday the work carried out by herself and late husband Nestor Kirchner during over a decade of holding the Argentine presidency, stating that she had no doubt that her successor would inherit a healthier country than in 2003.


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