
Plentiful rains are anticipating excellent summer crops in Argentina both for maize and soy beans according to the Buenos Aires Cereals Stock market and the US Department of Agriculture, USDA, estimates.

Two Argentine solicitors announced they will be pressing criminal charges against the Ministry of Economy for having contracted Britain’s Barclays’ bank for a major sovereign defaulted bonds swap and this financial institution is “a shareholder of Desire Petroleum, the oil company which is poised to begin exploration operations this month in Malvinas waters”.

Argentina blocked Wednesday a ship from leaving a Techint Group plant after it traveled to the Falkland Islands without government permission, the Argentine Foreign Office said. The “Thor Leader” is docked in Techint’s Campana plant carrying a cargo of 7.099 tons seamless pipes, the government office said in a statement.

Argentine President Cristina Fernández de Kirchner admitted that meat prices have risen dramatically (30 to 40%) but immediately blamed the farming sector” and its obsession “to be more profitable as the main reason behind the price escalade.

A member of the Argentine Supreme Court suggested that the high court may reject a government appeal that could open the way for the government of President Cristina Fernandez de Kirchner to pay debts with Central bank reserves.

Former Argentine President Nestor Kirchner left the hospital three days after emergency surgery on an carotid artery that feeds blood to his brain, which was described by the medical staff as “serious and intervened on time”.

An Argentine Senator from the ruling Justicialista party, several times tipped as a presidential hopeful harshly criticized the government while saying that the people of Argentina would be pleased when ”they (the Kirchner couple) leave in 2011, so they won't have stolen Government House and Plaza de Mayo.”

Former Argentine President Nestor Kirchner is recovering favourably after emergency surgery on his carotid artery, the chief surgeon on the case said Monday.

Former Argentine president Nestor Kirchner, husband of the current President Cristina Kirchner, underwent successful emergency surgery on Sunday, the government news agency reported.

Argentina will complete work on its third nuclear power plant by the end of the year, Planning Minister Julio De Vido said at a press conference. Last April, De Vido said work on the plant, called Atucha II, wouldn't be finished until the first or second quarter of 2011.