Argentina

• Monday, September 1st 2008 - 21:00 UTC

  Wall Street back steps on the risks of an Argentine default

  

  Wall Street investment banks downplayed the risks of an Argentine default even with lower soy prices, a slowing down of the economy and soaring inflation. The announcement from Morgan Stanley, UBS and Barclays Capital follows weeks of speculation that Argentina was technically on the verge of another financial disaster.

• Monday, September 1st 2008 - 21:00 UTC

  Corporate Argentina criticizes gov for double digit inflation

  

  With August gone and inflation estimates for the month in the range of 1.6 to 2.2% corporate Argentina has joined the bandwagon and is warning about the impact of double digit prices for consumers, industry and unions trigger clauses.

• Sunday, August 31st 2008 - 21:00 UTC

  Buenos Aires City, more expensive for foreigners

  

  Due to the inflation, estimated between 10 and 20 percent and to the drop in the dollar's value, Buenos Aires City is more expensive than last year, but it still ranks among the cheapest cities in the world for foreigners, according to a international survey on the cost of life carried out by Mercer pollsters.

• Sunday, August 31st 2008 - 21:00 UTC

  Argentine citizen crosses environmentalists'' roadblock

  

  Salvador Rosetti Serra, a 79-year-old retired lawyer, yesterday became the first Argentine citizen in almost two years to cross to Fray Bentos, Uruguay, through the roadblock being held by environmental activists on international Route 136, in Entre Ríos. He presented a ruling issued by Federal Judge María José Sarmiento, ordering the demonstrators to let him pass.

• Thursday, August 28th 2008 - 21:00 UTC

  Oil rig for South Atlantic exploration arrives next month

  

  Argentine and Chilean government and private oil companies announced Wednesday they would be investing 150 million US dollars to search for hydrocarbons in the South Atlantic.

• Thursday, August 28th 2008 - 21:00 UTC

  Argentine president ranks 13 among most powerful women

  

  Argentine president Cristina Fernandez de Kirchner and Chile's Michelle Bachelet figure among the hundred most powerful women in the world according to a list released Wednesday by the US magazine Forbes.

• Thursday, August 28th 2008 - 21:00 UTC

  Argentine Central Bank boasts having cut run on deposits

  

  The Argentine Central Bank president Martin Redrado said that “there's no floor on sight for the international financial markets crisis”, but in recent months “for the first time in decades, Argentina managed to stop a run on the bank's reserves”.

• Thursday, August 28th 2008 - 21:00 UTC

  Argentina will meet debt obligations, says cabinet chief

  

  Argentina will meet all its debt obligations in 2008 and 2009, said Cabinet chief Sergio Massa addressing investor concerns that political tensions could reduce its budget surplus and slow its debt payments.

• Thursday, August 28th 2008 - 21:00 UTC

  Current policies could force Argentina to import beef by 2012

  

  Argentina could be forced to import beef by 2012 if current policies are not modified, but current tonnage could increase by 50% if rules are changed, warned the Argentine Regional Consortia of Agriculture Research, Aacrea.

• Wednesday, August 27th 2008 - 21:00 UTC

  Argentine fisheries exports unchanged in 12 months

  Argentine fisheries exports reached 318.372 tons and 657.5 million US dollars respectively during the first seven months of 2008 which represents a slight 6% increase in dollars over the same period a year ago, according to the latest figures released by the country's food safety office, Senasa,