Argentina

• Friday, August 31st 2012 - 11:56 UTC

  YPF announces three wells confirm discovery of new shale deposits

  

  Argentina’s recently nationalized oil and gas corporation YPF announced non conventional oil was discovered in five new wells drilled in the Patagonian provinces of Chubut and Neuquen and anticipated that fuel prices in the country will continue to gradually increase to eliminate the gap with competition.

• Friday, August 31st 2012 - 05:33 UTC

  Falklands claim Argentina wants to decimate Illex fishery: “environmental terrorism”

  

  Argentina has no interest whatsoever in fisheries conservation, Chair of the Falkland Islands Fishing Companies Association (FIFCA) Cheryl Roberts stated this week, and Director of Natural Resources John Barton believes an Argentine action aimed at undermining the Falklands fishery is likely to have a negative impact on their own fishery.

• Friday, August 31st 2012 - 05:08 UTC

  Argentina surprised by Germany, which voted against granting a loan at the IDB

  

  “We’re a free country with dignity and national pride; we are nobody’s employee or subordinate” challenged Argentine president Cristina Fernandez after it was revealed that the US, Spain and Germany at the Inter American Development bank (IDB) had voted against granting the country a loan.

• Friday, August 31st 2012 - 05:03 UTC

  Argentine credit card holders’ buying abroad charged 15% income tax advance

  

  Argentine credit card purchases abroad will be charged with an additional 15% income tax advance, AFIP tax agency reported on Thursday. The extra amount will be deductible from the income tax and the personal assets tax.

• Friday, August 31st 2012 - 04:52 UTC

  Cristina wants an Audiovisual Pole modelled on Hollywood in Buenos Aires waterfront

  

  Argentina’s leader unveiled an ambitious plan Wednesday to support the country’s television and film creators with a new industrial park along the Buenos Aires waterfront that she hopes will be modelled on Hollywood’s studios.

• Friday, August 31st 2012 - 04:08 UTC

  YPF tempting global oil industry heavyweights with ‘Vaca Muerta’ shale formation

  

  Exxon-Mobil Corp. and Apache Corp. will hold talks with Argentina's YPF next month to discuss further investments in the country's Vaca Muerta shale formation, said a YPF official briefed on the matter.

• Friday, August 31st 2012 - 01:44 UTC

  Chile ratifies support for Argentine Malvinas; meets regional solidarity group

  

  Foreign minister Alfredo Moreno ratified Chilean support for Argentina’s sovereignty claim over the Falklands/Malvinas Islands during a meeting with a delegation from Andean countries belonging to the “Solidarity Group with Malvinas”.

• Thursday, August 30th 2012 - 04:55 UTC

  Canada confirms Falklands self determination despite lobbying from companies operating in Argentina

  

  The Canadian government reaffirmed its support of the Falkland Islands and their right to self determination, according to a report from the Canadian edition of The Wall Street Journal.

• Thursday, August 30th 2012 - 04:20 UTC

  Brazilian government launches a new round of stimuli to prop consumption

  

  Brazil's government unveiled a host of new measures on Wednesday aimed at increasing investment and consumption as it expanded efforts to boost a sluggish recovery in the world's sixth-largest economy.

• Thursday, August 30th 2012 - 03:33 UTC

  Protecting the whales from aggressive scavenger seagulls in Puerto Madryn

  

  Saving the whales is something Argentines take so seriously that authorities are planning to shoot seagulls that have developed a habit of attacking the huge marine mammals. But environmentalists say the plan is misguided because humans are the real problem, creating so much garbage that the seagull population has exploded, endangering the whales.