Several Argentine lawmakers from opposition parties accused President Cristina Fernandez and Domestic Trade minister Guillermo Moreno of allegedly ‘falsifying” the figures published by the government’s official stats office Indec.
YPF the oil company seized by Argentina’s government last year has lost an arbitration case with a Brazilian company that may cost as much as 1.6 billion dollars in indemnity payments. There was an immediate reaction and YPF shares lost the most among Argentina’s major stocks, 3.6%.
Chilean and Argentine authorities declared a red alert and ordered the mandatory evacuation of a 25-km radius around the active Copahue volcano, which straddles the border between the two Andean nations.
Uruguayan president Jose Mujica currently in Beijing on an official visit, underlined the significance of China in trade and investments fro South America, but also admitted there is some ‘fear’ mainly from Argentina and Brazil about a greater integration and dependency from the Asian giant.
An Argentine investigative journalist program on alleged corruption involving former president Nestor Kirchner and his business cronies had a greater audience than a football match of Boca Juniors, the country’s most popular team disputing the Argentine premier league.
An expert in the Falklands/Malvinas Islands dispute and professional diplomat has been accepted as the new Argentine ambassador in Ireland. Silvia Maria Merega has held important posts at the Organization of American States in Washington, before the European Union and at the Argentine embassy in the US.
Argentine President Cristina Fernandez rallied a huge crowd Saturday night celebrating the 10-year government that she and her late husband Nestor Kirchner began in 2003. Her voice breaking, she called it a victorious decade, won not by a government but by the people and called for “the empowerment of the people” to defend what has been achieved in the ‘won decade’.
Argentina's April industrial production rose 1.7% over the same month a year earlier with a big jump in automobile output and more modest gains in the production of building materials, government data showed on Friday.
All is ready for the massive ‘decade won’ celebration that President Cristina Fernández plans to hold on Saturday May 25 to commemorate the ten years since her late husband Nestor Kirchner first took office, but which must also be interpreted as a rally in support of her administration battered by inflation, a slowing economy, political battles and growing claims of rampant corruption.
For the first time since the litigation of hedge funds against Argentina the International Monetary Fund warned about the ‘risks’ which would entail ratifying Judge Thomas Griesa ruling condemning Argentina to pay over a billion dollars plus interests to the so called ‘vulture funds’.