Argentina

• Monday, January 30th 2012 - 21:28 UTC

  Argentina targeting “60 to 70 billion dollars” outside the financial system

  

  In Argentina there are an estimated 60 to 70 billion dollars “outside the financial system” according to the head of the Financial Information Unit, FIU, which is the country’s office in charge of preventing and combating money laundering.

• Monday, January 30th 2012 - 21:23 UTC

  ”Cristina Fernandez, the (elected) president with most power in the history of Argentina”

  

  President Cristina Fernandez has more power than Juan Domingo Peron “ever had” and Peronism in Argentina is guarantee of governance, according to Carlos Corach a former Interior minister from former President Carlos Menem administration and a respected solicitor and political analyst.

• Monday, January 30th 2012 - 21:11 UTC

  For Brazil Argentina is a “good problem”, no longer a “permanent problem”

  

  Argentina is “a good problem” for Brazil, said President Dilma Rousseff’s Foreign policy advisor Marco Aurelio Garcia ahead of another trade dispute when Argentina begins applying a new imports’ scheme that has been equally criticized by local and Brazilian manufacturers.

• Monday, January 30th 2012 - 09:28 UTC

  Balloon tests for indefinite re-election of President Cristina Fernandez

  

  The possibility of a constitutional amendment to allow Argentine President Cristina Fernandez a third consecutive mandate is being seriously considered and publicly hailed and tested by her most ultra-orthodox followers although no projects have been presented to Congress.

• Monday, January 30th 2012 - 07:05 UTC

  Argentine organized labour on the war path anticipates ‘many conflicts’ in salary negotiations round

  

  Argentine organized labour, CGT, sent over the week end strong messages to the government of President Cristina Fernandez a day after their leader Hugo Moyano in a comeback speech called government official pre-programmed ‘teacher’s pets” and anticipated a complicated round of salary negotiation with many ‘possible conflicts’.

• Monday, January 30th 2012 - 06:25 UTC

  Contruction of St Helena airport begins next May, should be ready in 48 months

  

  The Argentina press announced on Sunday the construction of an airport in the middle of the Atlantic Island of St Helena, a British Overseas Territory and which would become a crucial hopping point for the Falklands/UK air bridge.

• Saturday, January 28th 2012 - 09:56 UTC

  Argentina has “phenomenal” tight natural-gas prospects and “explosive output” is forecasted

  

  Exxon Mobil Corp and Americas Petrogas Inc have “phenomenal” tight natural-gas prospects in Argentina and expect “explosive” output growth in 5 years, said Guimar Vaca Coca, managing director of Americas Petrogas.

• Saturday, January 28th 2012 - 09:51 UTC

  ‘King Leo’makes the cover of this week’s TIME magazine but not in the US

  

  Argentine born Lionel Messi, three-time FIFA player of the year, is on the cover of this week's Time, but only if you buy it in Europe, Asia or the South Pacific. The United States cover is actually devoted to “The Power of Shyness”.

• Saturday, January 28th 2012 - 07:26 UTC

  Maximo Kirchner, the ‘favourite son’ with ever growing influence in her mother’s administration

  

  The French newspaper Le Monde dedicated last week ample coverage to the son of Argentine President Cristina Fernandez, Maximo Kirchner, 34, who has a growing influence in her mother’s administration given his double condition as ‘favourite son’ and leader of a youth group La Campora which he founded and is moving full steam ahead.

• Saturday, January 28th 2012 - 07:13 UTC

  Drought in Argentina and Brazil cuts significantly corn crops’ volumes

  

  Corn advanced heading for the biggest weekly gain in five as concerns that a renewed heat wave in Argentina and south Brazil may damage crops boosted demand for US grain. Soybeans were little changed.