Grenada foreign minister Nickolas Steele is in Buenos Aires for a two-day visit which included a meeting with his peer Hector Timerman and other top officials from the foreign ministry to discuss cooperation, economic development and trade issues.
The Argentine government announced on Tuesday it has started “a thorough investigation on major foreign trade companies” which have allegedly registered accounting irregularities for 6.8 billion dollars. Cabinet Chief Jorge Capitanich said the Central Bank has reported “mining, grain, food, car and oil companies have exported but failed to account for foreign currency income.”
Quasi monies could be back in Argentina since many provinces and city councils are running short of funds and the federal government is not sending the checks be it because of political differences or simply because there is not enough money to go around.
The Argentine currency ended trading on Friday, the first month of 2014, at 8.01 Pesos to the US dollar with an accumulated devaluation in January of 18.63%, the greatest loss in a single month since 2002. However market analysts described the situation as a depreciation 'sustained and managed' by the government of President Cristina Fernandez.
The economies of Argentina and Venezuela are the least well-off in the region due to pressures on inflation, the balance of payments, and foreign exchange markets that developed last year, the International Monetary Fund warned.
The Falkland Islands referendum a year ago when an overwhelming majority of Islanders voted to remain as a British Overseas Territory, supported on the UN charter enshrined peoples' right to self determination has become an obsession for Argentina and the official news agency Telam has been researching the international validation of the event and Canadian support stands out strongly.
Uruguayan president Jose Mujica said there is 'nothing guaranteed' in the coming talks with Argentina over a long list of bilateral issues, in reference to his meeting on Tuesday with president Cristina Fernandez in Cuba on the sidelines of the recent Celac summit. Mujica was interviewed by a Uruguayan television channel.
Penguin-chick mortality rates have increased in recent years off the coast of Argentina, a trend scientists attribute to climate change and expect to worsen throughout the century, a new study finds.
Argentina oil company YPF is courting Malaysia's Petronas as a possible partner to develop the promising Vaca Muerta shale, according to reports. YPF chief executive Miguel Galuccio was in Kuala Lumpur for a meeting on Wednesday with Petronas leader Tan Sri Dato Shamsul Azhar Abbas, the La Nacion newspaper reported.
Argentine President Cristina Fernandez underwent tests for an incident of lumbago or back pain at a Buenos Aires hospital on Wednesday afternoon, according to an official release from the hospital and the Government House Public Communication Office. Early morning the president arrived from Cuba where she attended the Celac summit.