The Argentine government rejected British oil company Rockhopper Exploration's earlier announcement regarding the finding of oil in Falklands/Malvinas Islands, warning that the government “will take the necessary actions to avoid Great Britain from taking illegal possession of Argentina's non-renewable resources.”
China National Offshore Oil Corporation, CNOOC (NYSE:CEO) Ltd said on Wednesday it had closed a 3.1 billion US dollars deal with Argentina’s Bridas Energy Holdings (BEH) to buy a 50% stake in Bridas Corporation, a wholly owned subsidiary of BEH.
Argentina's lower house passed on early Wednesday after twelve hours of debate a gay marriage bill that will now be considered by the Senate. If approved, Argentina will be among a handful in the world that allows homosexual couples to marry.
Petrobras Energía (NYSE:PZE), Brazil’s government managed oil and gas corporation announced it will sell part of its assets in Argentina to Oil Combustibles SA for 110 million US dollars, including a refinery, gasoline stations and inventories.
An Argentine national judge annulled on Tuesday a gay marriage between an Argentine national and a French businessman which took place five days ago, according to the Argentine news agency Telam.
Given the high levels of global liquidity, Argentina should succeed in restructuring its 20 billion US dollars in defaulted bonds according to a senior official from the International Monetary Fund.
Former economy minister José Martínez de Hoz, the economic brains behind the 1976-1983 military dictatorship, has been arrested and transferred to a clinic after an amnesty law was lifted, a court official has said.
Argentina became the richest country in Latin America in 2009 as measured by GDP per capita purchasing power parity, PPP, according to a Latin Business Chronicle analysis based of new data from the International Monetary Fund.
In what was considered a change in approach by the Argentine Government, several minivans and cars with Gualeguaychú activists that were heading to the UNASUR summit in Campana, Buenos Aires province, were delayed Tuesday by police at a crucial inter-provincial bridge.
Argentine former President Néstor Kirchner harshly criticized a sector of the press and the government's “opposition” in Congress that wants “to set the country on fire”, but in spite of all he was optimistic about a long term plan for Argentina.