Argentine industrial output fell 2.3% in August compared to a year ago and 2.8% in the last twelve months in non seasonally adjusted terms according to a report from the Ministry of Economy.
While the US State Department again called Tuesday on Argentina 'to normalize relations with all its bondholders’, the government of President Cristina Fernandez deposited a 161 million dollars bond interest payment with a newly appointed local trustee on Tuesday, defying a U.S. judge who held Argentina in contempt of court on Monday for taking illegal steps to meet its debt obligations.
Borders & Southern Petroleum PLC said it will join a Falkland Islands drilling consortium so it can participate in the 2015 drilling program on the Islands, as soon as partnering and funding has been secured for its licenses.
Argentine president Cristina Fernandez defiantly claimed on Tuesday that financial, industrial and local political groups together with outside support want to remove her from office, and warned that “if something happens to me, don't look to the Mid East, look North” in clear reference to the United States.
Argentine President Cristina Fernández. CFK, questioned the warning message issued on Tuesday by the US Embassy in Buenos Aires, saying it is “in line” with anti-government media, and seriously doubting interim ambassador in Buenos Aires Kevin Sullivan’s intentions with the note.
Amid an ongoing dispute between the Argentine government and the US judiciary over the legal battle with holdout creditors, the US Embassy in Buenos Aires has issued a warning message for US citizens living in Argentina or about to travel to the country.
The population in Buenos Aires’ City shantytowns increased to 275,000 from 163,000 people during the last four years while City Hall’s budget for social housing fell to 2.1% this year, the City’s Human Rights Observatory (ODH) reported.
Beijing's new ambassador before the Argentine government underlined the excellent relations between the two countries and reiterated China's support to Argentina in the issue of sovereign debt and claims over the Falklands/Malvinas Islands.
Gibraltar's football association has announced it will appeal to the Court of Arbitration for Sport after FIFA rejected its bid to become a member. FIFA president Sepp Blatter said the FA of Gibraltar cannot be accepted as a member of FIFA because it contravened the world governing body's statutes regarding independent territories.