Tag: Argentina

Argentina
Saturday, May 18th 2013 - 06:29 UTC

Economic activity in Argentina expanded 2.6% during March, says Indec

Indec stats on GDP and inflation are questioned by the IMF

Argentina's economic activity expanded 2.6% in March from a year earlier and 0.7% over February, the national statistics institute Indec said on Friday. Accumulated growth in the 12 months through March was 1.3%, down from 1.9% in full-year 2012.

Saturday, May 18th 2013 - 06:21 UTC

Argentine Antarctic campaigns disarray and corruption claims turn off recruiting

Allegedly at one base staff had to beg for food from the ‘Polar Pioneer’

Argentina’s Antarctica campaigns are losing their flair and the country is having difficulties to fill vacancies for the 2013/14 season. This follows repeated claims of alleged corruption and delays in supplying the bases and stations plus an overall lack of support from the Defence ministry.

Saturday, May 18th 2013 - 03:35 UTC

“Blue” dollar in Argentina picks up in last day of trading and reaches 8.95 Pesos

Very few transactions amid fears of the AFIP tax agency controls

In the last business day of the week in Buenos Aires, the parallel market or ‘blue’ dollar rose to 8.95 Pesos (selling price) after its declining tendency during the week, while the official rate ended steady at exchange houses at 5.245 Pesos (selling price). The gap between the two markets stands at over 70%.

Saturday, May 18th 2013 - 03:30 UTC

Argentina forces cancellation of all Lan flights by suspending ground services

Despite court orders to resume services, Intercargo refuses to service Lan aircraft in any of Argentina’s airports

LAN Chile halted on Friday all its flights in Argentina until Saturday morning after the state company Intercargo which provides ground support for the airline, unilaterally decided to cancel the service despite court orders to the contrary.

Friday, May 17th 2013 - 17:58 UTC

Argentine ex-military dictator sentenced to life, Jorge Videla dies in jail cell

The unrepentant dictator said “war, by nature, is cruel” and ”an internal war, between brothers, is especially cruel”.

Jorge Rafael Videla, a former army commander who led Argentina during the bloodiest period of a “dirty war” dictatorship and was unrepentant about kidnappings and murders ordered by the state, died on Friday at age 87.

Friday, May 17th 2013 - 06:51 UTC

Argentina’s ‘autarkic project’ worsens bilateral relations and multiplies problems

“Every time we turned tough with Argentina, we lost” argues President Mujica

In an interview with the Spanish government news agency EFE, Uruguayan President José “Pepe” Mujica said Argentina’s economic “autarkic project” “worsens” bilateral ties and “multiplies” trade troubles. Still, he ruled out pressures on Buenos Aires; “they won’t work,” he insisted.

Friday, May 17th 2013 - 06:46 UTC

Argentine whitewash bill turning into ugly electoral debate

Taxman Echegaray: ‘bring the dollars’

Argentina’s whitewashing bill or more modestly ‘tax amnesty’ has joined the political debate of the coming October mid-term elections. The tax revenue bureau or AFIP confirmed taxpayers’ “legitimate externalization right” “will not be affected” even in the “hypothetical case that the opposition manages to rally a majority parliamentary stance” after October’s legislative elections.

Friday, May 17th 2013 - 06:26 UTC

Uruguay’s José Mujica lauds booming Brazil ties

Mujica in his farm house in the outskirts of Montevideo with his three legged pet ‘Manuela’

By Jude Webber in Montevideo - The Financial Times has published a piece on Uruguayan president Jose Mujica and his view on the future and his government’s policy towards two powerful neighbors, Argentina and Brazil.

Thursday, May 16th 2013 - 19:39 UTC

Falklands’ lawmakers meet Chaco human rights group following formal Argentine request

MLAs Sawle and Summers represented the Falklands elected Legislative Assembly

On request from a group of human rights representatives from Chaco, Argentina, Falkland Islands lawmakers met and listened to their views on a number of issues resulting from the 1982 war. The meeting followed a formal request from the group directly to the Falklands elected Legislative Assembly.

Thursday, May 16th 2013 - 03:24 UTC

Chevron agrees to invest 1.5bn dollars in developing YPF shale field in Patagonia

YPF CEO Galuccio and Chevron’s Ali Moshiri sign the agreement

Argentina’s nationalized oil company YPF signed on Wednesday an agreement with US oil major Chevron Corp to define the terms and conditions of Chevron's investment of 1.5 billion dollars in the vast Vaca Muerta shale field.

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