Argentina’s most influential businessman warned about the “inflationary escalade” which, if not contained can lead to an unfavourable climate for investments. Paolo Rocca, Techint group CEO made the statements during an entrepreneurs’ forum where he called for “business responsibility”, “clear rules of the game”, “transparency” and questioned the landing of Chinese oil corporations in Argentina.
In an attempt to cope with what has been described as “social problems”, Argentine President Cristina Fernández de Kirchner swore in Nilda Garré as new Security Minister and Arturo Puricelli as new Defence Minister during a ceremony at Government House.
Argentina has surpassed neighbouring Brazil as the world's largest exporter of football players, a trend that may not be a good thing for the country's domestic game. Players had become assets to be sold off to repay club debts, one agent said, while the growing exodus of Argentina's best young players is leaving a void in the local game.
Argentine President Cristina Fernandez de Kirchner appointed on Tuesday former provincial governor Arturo Antonio Puricelli to replace Defence Minister Nilda Garre, who will be taking the reins the new ministry responsible for domestic security.
Paraguayan president Fernando Lugo will be attending the Mercosur summit this week following on Argentina’s guarantee that the blockade on Paraguayan goods and merchandise imposed by an Argentine maritime union will be lifted, effective Monday.
A 130 hectares city park and open space taken over by squatters in Argentina’s capital Buenos Aires, the scene in recent days of violent incidents in which at least four people were killed and scores injured, was calm on Sunday following on the arrival of security forces sent by the federal government.
The Argentine Patagonian glacier Ameghino has contracted almost four kilometres over the last eighty years because of global warming according to evidence from Greenpeace.
A Mercosur internal conflict involving Argentina and Paraguay which is conditioning the coming presidential summit in Brazil and has again suspended a vote for Venezuela’s final incorporation to the group, seems to have escalated in the last 24 hours.
China Petrochemical Corp, parent of Sinopec Corp, agreed to buy all of US-based Occidental Petroleum Corp's oil and gas assets in Argentina for 2.45 billion US dollars, marking the energy giant's first foray into the upstream market in Argentina.
The blockade of landlocked Paraguay’s maritime and fluvial trade which threatens Mercosur unity has been “granted” a five-day truce by the Argentine maritime workers union responsible for the industrial action.