Argentina

• Tuesday, August 30th 2011 - 03:56 UTC

  Nobel laureate praises Argentina; tells US and EU spending is the way out of recession

  

  United States and the European Union “are using the same recipe that the IMF applied on Argentina” to address the current global financial crisis and this only leads to “stagnation” said Nobel laureate Joseph Stiglitz attending a gathering of Nobel Prize recipients and young economists in Lindau, Germany.

• Tuesday, August 30th 2011 - 03:55 UTC

  CFK instructions for the day after: public spending cap of 20% for 2012 budget

  

  Argentina's 2012 budget bill aims to cap public spending growth at 20%, below current rates of more than 35%, as state expenditure surges ahead of the October presidential election, according to a newspaper report on Monday.

• Tuesday, August 30th 2011 - 03:54 UTC

  Argentina regulator to investigate YPF and Repsol YPF on accounting standards

  

  Argentina’s securities regulator said it will investigate the chairman and chief executive officer of YPF SA, the nation’s largest oil producer, as part of a probe into the company’s accounting.

• Tuesday, August 30th 2011 - 03:50 UTC

  Landslide victory for CFK close ally in the province of Tucuman

  

  A close ally of President Cristina Fernandez de Kirchner, Tucuman province governor Jose Alperovich won on Sunday a landslide third straight mandate and his first words were of gratitude and remembrance for Nestor Kirchner.

• Tuesday, August 30th 2011 - 03:49 UTC

  Buenos Aires City mayor admits CFK is ‘almost unbeatable’; looks for better relations

  

  Buenos Aires City Mayor, Mauricio Macri, admitted on Monday that it is “almost impossible” to beat President Cristina Fernández de Kirchner in October’s presidential elections.

• Tuesday, August 30th 2011 - 03:42 UTC

  Business leaders and organized labour ignore Argentina’s official inflation index

  

  Following the agreement which raised the Argentine minimum wage by 25%, equivalent to 549 dollars per month, business leaders and representatives from the labour unions admitted that when it comes to salaries negotiations the official inflation index from the government statistics office, Indec, “is not taken into account”.

• Tuesday, August 30th 2011 - 03:39 UTC

  Argentina expects another car production record next year: a million units

  

  The Argentine automobile industry will expand its production capacity to a million units annually by 2012 following on the expected record production of 840.000 this year boosted by domestic demand and exports to brazil, said Anibal Borderes president of the country’s Automobile Manufacturers Association, Adefa.

• Saturday, August 27th 2011 - 07:31 UTC

  Argentine president campaigns in farm heartland not so long ago ‘enemy territory’

  

  Argentine president Cristina Fernandez de Kirchner made on Friday a deep incursion into the province of Buenos Aires farmland where she headed the inauguration of a railway line which will reactivate the train service connecting twenty towns in the area.

• Friday, August 26th 2011 - 16:56 UTC

  Argentina blocks sale of Paraguayan power to Uruguay

  

  “Argentina wants to charge 49 dollars per KW of power transferred from Paraguay to Uruguay, which is five times what it charges Brazil” claims Paraguayan Vice President Federico Franco who described the pretension as “inadmissible and preposterous”.

• Friday, August 26th 2011 - 13:01 UTC

  Lager beer yeast arrived in Europe from Patagonia 500 years ago

  

  The mystery behind the birth of lager beer has been solved. Scientists have successfully traced the origin of the popular alcoholic beverage to a type of yeast, believed to have travelled 11,000 kilometres from Patagonia, (Argentina) to Bavaria 500 years ago.