
Argentine President Cristina Fernández de Kirchner is expected in New York Wednesday to meet an intensive agenda that includes addressing the UN General Assembly next Friday when a strong call for Falklands/Malvinas negotiations is expected.

Every day it becomes more difficult for the UK to justify before the international community why it looks down on United Nations General Assembly resolutions, said the Argentine ambassador before the UN in direct reference to the Falklands/Malvinas sovereignty dispute.

Argentina’s GDP expanded 9.4% in the first half of the year compared with the same period in 2009, according to the latest release from the country’s Statistics Institute, Indec. But inflation is becoming a greater challenge as the country moves into presidential electoral year 2011.

After a lack of agreement in Chile over the extradition of ex guerrilla member Sergio Apablaza, Argentina President Cristina Fernández de Kirchner said that the meeting held with President Sebastián Piñera was an “excellent” one, during declarations made to seemingly minimize the situation.

CNOOC, Ltd, China’s biggest offshore oil explorer, may bid 10.2 billion USD for BPs 60% stake in Argentina’s Pan American Energy LLC and will probably seek a partner in the acquisition, Citigroup Inc. said.

Argentina and South Korea signed on Thursday a memorandum of understanding (MOU) for bilateral collaboration in the nuclear sector. The MOU sets forth that the two nations will discuss concrete cooperation plans to build a new nuclear plant in Argentina and to repair the country's existing heavy water reactors.

United nations Secretary General Ban Ki-moon congratulated Argentina for having been chosen to preside as of next year the G77 plus China group, anticipating Buenos Aires could act as a “bridge” with the G 20 group to which it also belongs.

The Argentine press confirmed that following the contracting of a semi-submersible rig from the Swedish company Stensa, a consortium of Argentine based oil companies will begin exploratory drilling in the Malvinas basin next December.

Argentine extreme militants belonging to a self proclaimed “Patriotic resistance” have taken over the Panama flagged Audax II docked in the port of Buenos Aires, which they allege was originally Argentine but lost to the British during the 1982 Falkland Islands conflict.

Standard & Poor's raised on Monday its long-term foreign currency credit rating on Argentina by one notch, to B from B-minus, citing declining debt levels and an improving economy in 2010.