Argentina

• Sunday, December 20th 2009 - 09:03 UTC

  Argentina increases common hake TAC by 27% to 338.000 tons

  

  Argentina’s Federal Fisheries Council, CFP, has fixed the total allowable catch (TAC) of common hake (Merluccius hubbsi) for 2010 at 338,000 tons. This is 72.000 tons or 27% higher than this year’s TAC.

• Saturday, December 19th 2009 - 12:13 UTC

  Argentina’s economy “technically in recession” seems to have bottomed out

  

  Argentina's economy shrank for a second straight quarter from July to September, but industrial output jumped in November as auto production surged, indicating a turn in the economy, data showed on Friday.

• Saturday, December 19th 2009 - 07:54 UTC

  “Legal insecurity” becomes top issue of Argentina’s political agenda

  

  Top United States official remarks about the lack of “legal security” in Argentina echoed in Copenhagen’s climate conference where Foreign Secretary Jorge Taiana approached Secretary of State Hillary Clinton to about these “unfortunate statements”.

• Saturday, December 19th 2009 - 04:50 UTC

  Argentina successfully tests locally designed and manufactured missile booster

  

  Argentina announced the successful launching of a missile booster, --identified as Gradicom PCX-2009-- in a firing range in the central province of Cordoba and said the event represented a “qualitative leap” for Argentine missile technology.

• Friday, December 18th 2009 - 12:23 UTC

  Argentina plans to sell 15 billion USD in debt instruments

  

  Argentina filed a shelf offering with the US Securities and Exchange Commission for the sale of up to 15 billion US dollars in debt instruments in the United States, according to documents posted on the SEC’s website.

• Friday, December 18th 2009 - 11:55 UTC

  Duhalde tosses his hat into the 2011 Argentine presidential election

  

  Former Argentine caretaker president Eduardo Duhalde announced on Thursday he is “convinced” to be running for president in order to face Representative Néstor Kirchner in the upcoming Justicialista Party primary elections. He stated: “There are no candidates willing to confront Kirchner.”

• Friday, December 18th 2009 - 03:20 UTC

  UK/Argentina: Tension over Falklands “likely to increase over the coming years”

  

  Argentina has had to reduce military expenditure because of the recession but tension with the UK over the Falkland Islands is likely to increase over the coming years, according to a report from Companiesandmarkets.com (*) released this week.

• Wednesday, December 16th 2009 - 05:50 UTC

  Banco do Brazil interested in Argentina’s fourth largest bank

  

  Banco do Brazil (BB), Latinamerica’s largest government-managed bank, is in talks with Argentina’s Banco Patagonia, seeking to expand internationally, announced CEO Aldemir Bendime.

• Wednesday, December 16th 2009 - 04:48 UTC

  Proposed trans-Andes tunnel, crucial link for Pacific-Atlantic highway

  

  A proposed 916 million US dollars road tunnel linking Chile and Argentina was endorsed last week by the Coquimbo (Region IV) regional government. The approval gives a green light to the proposed 14-km tunnel linking Chile’s Coquimbo province with the Argentine province of San Juan.

• Tuesday, December 15th 2009 - 11:10 UTC

  Argentina announces 6.5 billion USD guarantee fund for 2010 debt payments

  

  Argentina will set aside 6.5 billion US dollars of its foreign currency reserves to ensure the country meets its 2010 debt payments, the government said on Monday. The move is seen as an attempt to lower costs for issuing new debt, ahead of a complicated year.