Tag: Argentina

Wednesday, May 16th 2012 - 06:51 UTC
“I’m predictable, no shocks” says CFK after Tuesday’s mini run on the US dollar

After a day of intense trading in the ‘blue’ (informal) market for US dollars which reached a new high of 5.50 Pesos, Argentine President Cristina Fernández assured on Tuesday evening that there will be no economic ‘shocks’ or a ‘system of multiple exchange rates’ as “has been rumoured during the whole day”.
Wednesday, May 16th 2012 - 06:13 UTC
Serious Uruguay/Argentina clash over the long delayed dredging of a River Plate canal

Uruguay called on Argentina to begin the price bidding process for the delayed dredging of a River Plate canal and revealed it was already monitoring the Uruguayan side of a joint commission responsible for deciding on the final contract and which has come under suspicion of corruption.
Wednesday, May 16th 2012 - 03:17 UTC
US dollar in Argentina’s ‘blue’ (parallel) market soars 5% on Tuesday

The US dollar in Argentina’s parallel market soared on Tuesday as strong unsatisfied demand moved to the so called ‘blue’ market as a result of the increasing controls for the purchase of the greenback.
Wednesday, May 16th 2012 - 01:27 UTC
Brazilian discomfort: ends automatic import licences for Argentine perishables

Brazil this week escalated a growing trade fight with Argentina by increasing the bureaucratic obstacles for importing about 10 perishable products including apples, raisins, and potatoes, a senior Brazilian government official was quoted by the media.
Tuesday, May 15th 2012 - 08:35 UTC
Argentine Vice-president and business partners charged with embezzlement

Argentine Vice President Amado Boudou, his girlfriend the journalist Agustina Kampfer, his personal friend and business partner José María Nuñez Carmona, and the Belgian citizen and businessman Alejandro Vandenbroele, were charged on Monday of embezzlement by Federal Prosecutor Jorge Di Lello.
Tuesday, May 15th 2012 - 08:25 UTC
Argentina further delays the dredging of a River Plate canal vital for Uruguay

Argentina formally requested Uruguay to jointly audit the River Plate Administrative Commission, CARP for alleged corruption claims involving the maintenance of the Martin Garcia canal, and which emerged in the Uruguayan press.
Tuesday, May 15th 2012 - 08:16 UTC
Italian lawmakers support “a more relevant role” for Argentina in the Malvinas dispute

Forty-eight Italian senators and lawmakers expressed their public support for Argentina’s sovereignty claim over the Falklands/Malvinas Islands in a letter sent to UN Secretary General Ban Ki-moon, the Argentine Foreign Ministry announced on Monday.
Tuesday, May 15th 2012 - 08:09 UTC
Argentina’s top journalists demand “we want to ask” and list the ten issues ‘banned’ by CFK

Tens of leading Argentine journalists gathered in Buenos Aires in a television program where each of them was invited to make public what question they would like to ask President Cristina Fernandez in obvious reference to the difficulties to have access to the Argentine head of state and her very limited contact with the press.
Tuesday, May 15th 2012 - 01:36 UTC
YPF’ golden boy in 2009 was offered the same job but his demands were considered ‘excessive’

Miguel Galuccio the new CEO of seized oil corporation YPF had already discussed conditions with the Argentine government for the job back in 2009, reveals the Spanish press. At that time no agreement was reached because the salary and other conditions he demanded were considered excessive.
Tuesday, May 15th 2012 - 00:52 UTC
EU agrees to file a trade suit with WTO against Argentina’s import restrictions

The European Union has agreed to file a trade suit against Argentina's import restrictions with the World Trade Organization (WTO), a senior Spanish government source said on Monday, reports Reuters.