Argentina

• Friday, February 1st 2013 - 23:02 UTC

  IMF censures Argentina; ‘remedial measures’ expected by September

  

  Argentina became the first country censured by the International Monetary Fund for not sharing accurate data on inflation and economic growth under a procedure that can end in expulsion. The declaration of censure was adopted Friday by the IMF 24-member board of directors and even if it doesn’t have immediate effects, the decision takes the country a step closer to sanctions that include barred access to IMF loans.

• Friday, February 1st 2013 - 20:13 UTC

  Falklands regret Timerman attitude and calls on Argentina “to respect our rights”

  

  The Falkland Islands government said on Friday it deeply regrets that Argentine Foreign Minister Hector Timerman refused to meet with lawmakers from the Islands and Foreign Secretary William Hague, next week when he travels to London.

• Friday, February 1st 2013 - 18:47 UTC

  Argentine court confirms setback for Chevron in 20-year old dispute with Ecuador

  

  An Argentine appeals court has upheld an embargo on the assets of Chevron Corp.'s local subsidiary, a legal setback for the company, which had said the embargo compromised its operations in the country. A lower court judge issued the embargo last year as part of a decades-old legal dispute involving claims that Chevron is responsible for environmental contamination in Ecuador.

• Friday, February 1st 2013 - 07:51 UTC

  Argentine unions anticipate marches and protests for next March

  

  Argentina’s powerful organized labour even divided have agreed that the recent rise in the income tax floor announced by the government of President Cristina Fernandez is ‘not enough’ and industrial action is anticipated as soon as next March, when full activity resumes in Argentina following summer holidays.

• Friday, February 1st 2013 - 07:38 UTC

  Chile and Uruguay banks outlook for 2013 stable and negative for Argentina, says Fitch ratings

  

  The outlook for Southern Cone Banks is mixed in 2013, with a stable outlook for Chile and Uruguay, while Argentina faces a negative outlook and the potential for downgrades, according to a new Fitch Ratings report.

• Thursday, January 31st 2013 - 20:50 UTC

  Timerman rejects meeting Falklands representatives; only interested in ‘bilateral round’ with Hague

  

  Argentine Foreign Minister Héctor Timerman turned down an invitation by his British counterpart William Hague to take part in a meeting in London with representatives of the Falklands/Malvinas Islands government, assuring that “the international community does not accept the involvement of a third party” in the sovereignty issue.

• Thursday, January 31st 2013 - 14:06 UTC

  Two Falklands’ lawmakers fly to London to meet with Argentine Foreign minister

  

  Two elected members of the Falkland Islands’ Legislative Assembly will be travelling to London this weekend to be available to take part in any discussions regarding the Islands when Argentine Foreign minister Hector Timerman meets with Foreign Secretary William Hague, according to a release from Gilbert House, Stanley.

• Thursday, January 31st 2013 - 07:55 UTC

  Argentines love for US dollar remains unbeatable, even as it approaches 8 Pesos

  

  Argentines wishing to spend vacations overseas, edgy farmers, strong demand from business and the government’s hoarding of hard currency are pushing the US dollar to new highs in Argentina, just a few cents away from the threshold 8 Pesos to the greenback, while in the official market trading is climbing closer to 5 Pesos.

• Thursday, January 31st 2013 - 07:47 UTC

  Argentina ‘irritated’ with Israel’s attitude towards accord with Iran to investigate 1994 bombing

  

  Argentine Foreign Minister Héctor Timerman summoned on Wednesday Israeli ambassador to Argentina Dorit Shavit, and expressed the “surprise and irritation” of President Cristina Fernandez government after learning that Tel Aviv had demanded an explanation from Argentine ambassador to Israel with regards to the recent agreement between Argentina and Iran.

• Thursday, January 31st 2013 - 07:20 UTC

  Argentina in the process of quitting from World Bank investment disputes centre

  

  Argentina says it plans to withdraw from the International Centre for Settlement of Investment Disputes, ICSID, a World Bank body designed to arbitrate between states and foreign investors.