Argentine corn and soy farms will suffer from hot weather and scant rains for the rest of this week, forecasters said on Tuesday, increasing worries that crop losses will eat into global supplies.
Argentina won a US appeals court decision throwing out a 185 million dollar award to the UK BG Group Plc, which claimed the country’s freeze on natural gas prices caused the bankruptcy of a local gas distributor it controlled.
The US Supreme Court has asked President Barack Obama's administration for its views of a ruling that unfroze 105 million dollars of Argentina's central bank deposits in a setback for two US investment funds that sought to seize the money to satisfy their claims from Argentina’s debt default a decade ago.
In another round of the ongoing battle between the Argentina government and the leader of organized labour Hugo Moyano, Interior Minister Florencio Randazzo stated that “if the union leaders are really representatives of the working class, there is no possibility of a divorce between the CGT Labour Confederation and the national government”.
The presence of a cloud of ash caused by a volcano in Chile has again closed an airport in neighbouring Argentina just days after it had re-opened anticipating massive losses for the tourism and the resort’s finances.
A Royal Navy veteran from the Falklands War has completed an extraordinary journey to meet the Argentine pilot he thought he had shot down and killed during the 1982 conflict.
UK Foreign Secretary William Hague said that it is important to commemorate the 30th anniversary of the Falkland Islands conflict, but aside from some sabre rattling from Argentina, the rest of Latin America is interested in trade and development.
The Chilean Foreign Affairs ministry has been very busy doing a complete review of norms and of maritime traffic and international trade agreements in the event of what are considered growing pressures from Argentina to establish a sort of “regional blockade” against the Malvinas Islands, a UK Overseas Territory.
As extreme drought conditions punish Argentina’s crops throughout the country farmers’ organizations are at loggerheads with the government of President Cristina Fernandez, which is refusing to increase the emergency fund for such situations and to alleviate the tax burden.
Argentina’s official inflation in 2011 reached 9.5%, following on December’s Consumer Prices Index (IPC) of 0.8%. Both percentages from the National Stats bureau, Indec are disputed by the Congressional index and private sector estimates which stand at a floor of 22.8% and 1.9%.