Argentina

• Saturday, March 24th 2012 - 02:52 UTC

  Argentina is facing serious trade problems and Brazil “must help in a mature way”

  

  Argentina is having serious trade problems and Brazil “in a mature way” must try and help solve them said a top official from President Dilma Rousseff administration, who anticipated he would be travelling to Buenos Aires in coming weeks.

• Saturday, March 24th 2012 - 02:31 UTC

  US relation with Argentina souring: Congress to cut special trade benefits

  

  The US administration of President Barack Obama is loosing its patience with Argentina and in coming days is expected to finalize special tariff benefits for certain Argentine exports.

• Friday, March 23rd 2012 - 23:11 UTC

  Another Argentine province cancels oil concessions to Spain’s held YPF

  

  The Argentine province of Mendoza joined on Friday other oil producing areas of the country in cancelling concession contracts which has been awarded to the Spanish owned oil corporation Repsol-YPF, with which the government of President Cristina Fernandez is involved in a controversy over long term investment.

• Friday, March 23rd 2012 - 22:56 UTC

  Fitch lowers Repsol-YPF rating; growing intervention of Argentine government feared

  

  Fitch Ratings has lowered its long-term rating on Spanish oil company Repsol YPF SA by one notch to BBB after its Argentine unit said it would pay out its dividend in shares instead of cash. Last week Moody’s adopted a similar decision. The company is currently in a dispute with the Argentine government.

• Friday, March 23rd 2012 - 22:51 UTC

  Argentina has at least a three-tier foreign money market: formal, informal and ‘cash overseas’

  

  The strict foreign currency controls and restrictions on the purchase of US dollars in Argentina have created the traditional black or informal market and a more sophisticated option by acquiring dollar denominated assets which can be cashed overseas such would be the case of shares from companies trading in New York.

• Friday, March 23rd 2012 - 06:00 UTC

  World’s largest beef producer cuts losses in Argentina and prepares to leave

  

  Brazil’s JBS, the world's biggest beef producer is on the verge of exiting Argentina due to a difficult business environment and because it is not prepared to tolerate further losses in the country.

• Thursday, March 22nd 2012 - 22:10 UTC

  Argentina warns UK and US market regulators about ‘illicit’ oil activities in the Falklands

  

  Argentina has asked British and US market regulators to probe whether oil companies that are involved in hydrocarbons exploration off the disputed Falklands/Malvinas Islands have told investors about the risks of their “illicit” drilling, the Argentine Foreign Ministry reported.

• Thursday, March 22nd 2012 - 21:23 UTC

  Peru ministers disagree and public opinion divided on HMS Montrose incident

  

  Peruvian ministers openly disagreed over the recent decision to turn back the Royal Navy’s HMS Montrose, in solidarity with Argentina and its sovereignty claims over the Falklands/Malvinas Islands.

• Thursday, March 22nd 2012 - 02:02 UTC

  Protesting Malvinas veterans occupy emblematic former “Tower of the English”

  

  Argentine former soldiers deployed to Patagonia during the Malvinas War decided to occupy the Torre Monumental (formerly know as the “Torre de los Ingleses”, or Tower of the English) in Retiro, as they continue with their claim for official recognition of their “war veteran status.”

• Thursday, March 22nd 2012 - 01:55 UTC

  Argentine government and YPF can’t agree on the future of the oil company

  

  Argentina and Repsol-YPF oil corporation again clashed on Wednesday over the future of the Spanish owned company while members of President Cristina Fernandez administration said measures “can not be discarded” thus re-launching fears about further government actions.