
Argentina's government is sticking to its 5.1% growth forecast for 2012 enshrined in the budget, Economy Minister Hernan Lorenzino said on Thursday, despite recent data that shows a sharp deceleration.

The Falkland Islands government announced on Thursday it is content to hold preliminary talks with Argentina on air links and fisheries cooperation as was proposed by Argentine ambassador Alicia Castro to the Foreign Office last April 23, given certain clarifications.

Argentine president Cristina Fernandez said on Wednesday that in an uncertain global scenario the priority of her administration was to ensure jobs and called on all sectors to unite in the defence of the political and economic model implemented since 2003.

Argentina’s chief of the powerful CGT Labour Confederation Hugo Moyano blasted President Cristina Fernandez and her government during a massive rally Wednesday in the heart of Buenos Aires at the highly symbolic Plaza de Mayo.

The two call for dialogue but at the same time argue they are victims of extortion so it is difficult to see reconciliation, rather as escalation of the confrontation between President Cristina Fernandez and organized labour chief Hugo Moyano, particularly following on Wednesday national strike and rally at Plaza de Mayo.

The head of Argentina’s Supreme Court Ricardo Lorenzetti played down the possibility of a parliamentary system in the country because it would represent an “upturn of 180 degrees”, besides there is no clear initiative to reform the constitution.

Petrobras Argentina, the local unit of Brazil's state-owned energy firm, said on Monday it had found new oil and natural gas resources in its Estancia Agua Fresca concession in the Patagonian province of Santa Cruz

Mexico is prepared to take legal actions against Argentina after the government of President Cristina Fernandez announced its decision “to suspend” an automobile trade agreement.

Argentina will pay back 5.716 billion dollars in bonds maturing next August and December, several of them tied to GDP evolution, confirmed president Cristina Fernandez.

For the first time in decades the powerful Argentine organized labour movement has confirmed it is going ahead with a much debated national strike against a Peronist government, which allegedly rests on support precisely from the unions and a long history of generous labour legislation.