Argentina

• Wednesday, October 10th 2012 - 18:50 UTC

  Argentine creditors want 20m dollars to release ARA Libertad retained in Ghana

  

  Argentina is refusing to pay the 20 million dollars in ransom that New York hedge fund dealer Paul Singer is demanding in exchange for releasing the country’s Naval training vessel currently retained in the port of Tempa, Ghana, West Africa, reports the New York Post.

• Wednesday, October 10th 2012 - 18:41 UTC

  South America solid behind Argentina’s Falklands’ claim at UN decolonization meeting

  

  The opening session of the UN Fourth Committee on decolonisation was dominated by a joint verbal assault on Britain by South American countries over the issue of the Falkland Islands. One after another, representatives of governments in the region called on the UK to enter into dialogue with Argentina over the sovereignty of the Islands, which are claimed by the government in Buenos Aires.

• Wednesday, October 10th 2012 - 09:07 UTC

  IMF estimates Argentina 2012 growth below government target but above private forecasts

  

  Argentina will grow 2.6% in 2012 according to the IMF latest World Economic Outlook, which is below the 3.4% estimated by President Cristina Fernandez administration for this year’s budget.

• Wednesday, October 10th 2012 - 08:13 UTC

  Foreign exchange clamp forces Argentine province to pay dollar bonds in pesos

  

  The foreign exchange clamp in Argentina is reaching the provinces, one of which at least was unable to honor maturing bonds in dollars and made the payment in Argentine Pesos.

• Wednesday, October 10th 2012 - 08:05 UTC

  Argentine security forces reject government offer and continue conflict

  

  Argentina Coast and Border Guards voted on Tuesday to continue with the eight day conflict after they considered ‘insufficient’ the government’s reply to their demands of higher salary and improved working conditions.

• Tuesday, October 9th 2012 - 20:15 UTC

  Ghana court to rule Thursday on the release of Argentina’s Navy vessel

  

  The case of the seized Argentine naval ship ARA Libertad was heard on Tuesday by a Ghana Commercial Court which will rule on Thursday whether to release the vessel impounded on arrival last week at the Port of Tema, according to the official Ghana News Agency.

• Tuesday, October 9th 2012 - 10:48 UTC

  Brazil and Argentina mend trade fences: end to impediments for fruit and pork

  

  Brazil announced on Monday it had fully restored agriculture trade with Argentina which means there should be no further impediments or red tape for Argentine fruit or for Brazilian pork.

• Tuesday, October 9th 2012 - 04:11 UTC

  Brazil strongly supports Argentina Falklands’ claim at defence ministers’ summit

  

  Brazil came out strongly in support of Argentina’s sovereignty claims over the Falklands/Malvinas Islands and criticized British military exercises in the Islands during his speech on Monday to the Americas Defence ministers’ conference taking place in Punta del Este, Uruguay.

• Tuesday, October 9th 2012 - 00:03 UTC

  Designer brands fleeing from Argentina’s imports and exchange restrictions

  

  Kenzo, Louis Vuitton, Armani, Calvin Klein, Polo Ralph Lauren, Cartier are some of the designer luxury brands that have left or are leaving Argentina forced by the very strict import restrictions and money exchange controls.

• Monday, October 8th 2012 - 23:51 UTC

  Cristina Fernandez ruffling feathers with the Falklands to mask domestic failings

  

  Several British newspapers have turned their eyes on Argentina arguing that the challenging situation faced by President Cristina Fernandez both domestically and internationally is making her increasingly take advantage of the Falkland Islands dispute as a smokescreen to mask domestic failings.