Argentina

• Thursday, October 27th 2011 - 16:24 UTC

  FDI in Argentina falls 30%; in Brazil and Colombia soars 157% and 91%

  

  Foreign direct investment, FDI, in Argentina fell 30% in the first six months of this year, while the whole of Latin America and the Caribbean received 54% more, the United Nations Economic Commission for Latin America said in a report on its website.

• Thursday, October 27th 2011 - 16:16 UTC

  Drilling program in central Argentina makes three oil discoveries

  

  Petrogas announced three conventional oil discoveries from the recently-completed exploration drilling program on the Rinconada Norte block (96 sq. km. or 37 sections) located in La Pampa Province in the eastern margin of the Neuquén Basin of Argentina.

• Thursday, October 27th 2011 - 15:57 UTC

  France praises Argentina justice system over the sentencing of Astiz

  

  French Foreign Affairs Minister, Alain Juppé praised on Thursday the life sentence declared by the Argentine justice system against former navy spy, Alfredo Astiz, for the crimes against humanity, tortures and kidnappings he committed during the last military dictatorship. Juppé said the decision “honours Argentina.”

• Thursday, October 27th 2011 - 06:52 UTC

  Argentine Navy captain ‘Angel Face’ Astiz sentenced to life imprisonment

  

  Two notorious former Argentine navy officers Alfredo Astiz and “Tigre” Acosta were sentenced to life in prison on Wednesday night after being found guilty of kidnapping, torture and the forced disappearances of many detainees in the former Navy School of Mechanics (ESMA) during the last dictatorship (1976/1983).

• Thursday, October 27th 2011 - 06:24 UTC

  Ushuaia feeling the pinch from Chile’s seduction policy to attract cruise vessels

  

  Argentina’s extreme south city and Antarctica cruise hub, Ushuaia is feeling the pinch from the latest Chilean measures to attract more vessels and is requesting a costs adjustment to improve competition conditions.

• Wednesday, October 26th 2011 - 15:26 UTC

  Argentina floods the market with dollars to control money speculation

  

  The Argentine Central Bank (BCRA) issued a special decree so that all export revenues generated by both mining and energy sectors remain in Argentina to be negotiated at the local foreign exchange market.

• Wednesday, October 26th 2011 - 02:56 UTC

  CFK will meet Obama (on his request) during the G20 summit in France

  

  US President Barack Obama has requested to meet with recently re-elected President Cristina Fernández during the next G20 summit to be held on the 3rd and 4th of November in Cannes, France.

• Wednesday, October 26th 2011 - 02:32 UTC

  Argentine industry ratifies support for CFK policies, but demands more competitiveness

  

  Over 80% of the Argentine electorate ratified on Sunday the current economic course, ‘which we must all support’ said the president of the powerful Argentine Industrial Union, Jose Ignacio de Mendiguren, who nevertheless called for a greater effort in “systemic competitiveness”.

• Tuesday, October 25th 2011 - 21:24 UTC

  Two-day fire destroys 1.550 hectares of forest and grazing land in Tierra del Fuego

  

  Forest fires that began on Sunday in the province of Tierra del Fuego, Argentina’s extreme south have spread across from 50 hectares of trees to 1.500 hectares of grazing land, provincial officials confirmed.

• Tuesday, October 25th 2011 - 20:45 UTC

  The Argentine economy is “a time-bomb ticking” warns economist

  

  A ‘time bomb ticking’ is how economist Carlos Melconian described the current economic situation in Argentina in spite of all the production and consumption ‘records’. Melconian argues that Argentina is travelling through an ‘anaesthetic path’ which overshadows reality.