Argentina

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

  Mar del Plata claims fisheries industry “no longer profitable”

  Fisheries in Argentina has become a non profitable business according to several industry chambers mostly based in Mar del Plata where 50% of the country's fleet is docked and a significant percentage of total catches are landed.

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

  Argentine inflation running at an annualized 28/30%

  

  Accumulated inflation in Argentina over the last 12 months by the end of July was 28%, with food prices having risen 39% in that period and index-linking already beginning to take place, according to economist Carlos Melconian.

• Tuesday, August 26th 2008 - 21:00 UTC

  Argentine wheat crop forecasted to drop steeply

  

  Wheat production in Argentina will suffer a steep decline because of the government' inefficient agriculture policies claimed the leader of one of the country's main farmers' organizations.

• Sunday, August 24th 2008 - 21:00 UTC

  “Time is running out” warn impatient Argentine farmers

  

  Under the banner of “time is running out” Argentine farm leaders gathered in a rally to call for action from President Cristina Fernandez de Kirchner administration or they will be forced to resume the protests that they staged for four months until mid-July and that forced the government to roll back higher grain export duties.

• Friday, August 22nd 2008 - 21:00 UTC

  The Economist: “Clouds gather again over the Pampas”

  

  After six years of rapid growth, Argentina's economy is at a familiar turning-point, in which the president's refusal to change course threatens to make it poorer

• Friday, August 22nd 2008 - 21:00 UTC

  Argentina's Lower House votes purchase of flag air carrier

  

  Argentina's Lower House approved early Friday following twelve hours debate the government's purchase of the flag air carrier Aerolineas Argentinas and its subsidiary Austral from Spanish travel conglomerate Marsans. The bill must be approved by the Senate before becoming law.

• Thursday, August 21st 2008 - 21:00 UTC

  Argentina: drought has killed 700.000 cattle and delayed sowing

  

  A severe drought in central north Argentine provinces has caused the death of 700.00 livestock, hampered milk production and delayed sowing wheat and sunflower in other regions of the country, according to farmers' organisations leaders.

• Wednesday, August 20th 2008 - 21:00 UTC

  Comodoro Rivadavia readies to become oil exploration town

  

  A jack-up oil platform for exploration in shallow waters is expected to arrive in the coming weeks in the Argentine San Jorge Gulf basin where three exploratory wells have been scheduled for drilling plus a fourth offshore Santa Cruz province, according to reports in the Argentine press.

• Wednesday, August 20th 2008 - 21:00 UTC

  Private sector says Argentina's budget must increase 19%

  

  The Argentine government will have to increase in 19% its budget for 2008 and in 16% its income in order to balance public spending, as the estimations with which it was calculated “were surpassed” by inflation.

• Wednesday, August 20th 2008 - 21:00 UTC

  Argentina economy “more vigorous than ever” says Minister

  

  Argentine Economy Minister Carlos Fernandez told exporters the country's economy is “more vigorous than ever” and confirmed the current “economic productive model”,' one week after the government began buying back its own bonds to shore up waning investor confidence.