Argentina

• Friday, January 13th 2017 - 11:04 UTC

  Argentina announces ambitious financial program; road show begins Monday in London

  

  Argentina struck an 18-month financing deal worth US$6 billion with six banks on Thursday, Finance Minister Luis Caputo told reporters, saying the government planned to tap international capital markets for US$10 billion in 2017. Sovereign bond issuance will start on Jan. 19, with a sale of US$3 billion to US$5 billion in U.S. dollar-denominated paper.

• Friday, January 13th 2017 - 09:03 UTC

  Falklands: 46 minefields to be cleared in two years pledges Foreign Office

  

  Falkland Islanders can expect a total of 46 minefields cleared over the next two years in the Mount Longdon and Stanley area confirmed a Foreign and Commonwealth Office delegation in the Falklands this week. Mines are the long lasting and unwanted legacy of the 1982 war.

• Thursday, January 12th 2017 - 06:26 UTC

  Argentina prepared to share South Atlantic fisheries scientific data, says Malcorra

  

  discuss hydrocarbon and fisheries issues in the South Atlantic with the UK, following on the road map agreed last September in the joint statement. These issues were described as “fundamental” and will be discussed in the Argentine congress, but others such as trade and navigation, do not need to be consulted with the legislative branch.

• Wednesday, January 11th 2017 - 08:29 UTC

  Macri announces program to boost development of Vaca Muerta shale formation

  

  Argentina's government has agreed to extend a natural gas wellhead price subsidy until 2020 and reduce labor costs in a bid to jumpstart investment in the Vaca Muerta shale formation. The agreement, reached between the national government, the provincial government of Neuquen, industry and labor unions, comes at a time of lackluster upstream activity, reflecting an uncertain price environment and cost concerns.

• Tuesday, January 10th 2017 - 17:34 UTC

  Morgan Stanley anticipates a 133%/258% stock market return in Argentina in five years

  

  Investors betting on Argentina's stock market could make a return of 258% in five years, according to analysts at Morgan Stanley. Argentina is returning to economic and political normality after years in the capital markets wilderness following its 2002 debt default and financial collapse, Morgan Stanley said in a note to clients.

• Saturday, January 7th 2017 - 07:35 UTC

  Half the Argentine labor force make a monthly average of US$ 565, says Indec

  

  Half the Argentine labor force employed was making at the end of the third quarter a monthly average of 9.000 Pesos, equivalent approximately to US$ 565, while the poorest 10% averaged 2.500 Pesos (approx US$ 165) and the richest 10%, anywhere from 20.000 to 250.000 Pesos (US$ 1.250 to 15.000) a month, according the revamped Argentine stats and census office, Indec.

• Friday, January 6th 2017 - 11:34 UTC

  Falklands' identification of Argentine soldiers will be done in strict confidentiality

  

  The Argentine media has published details of the Red Cross humanitarian mission in the Falkland Islands to identify the remains of the 123 unknown Argentine soldiers buried at the Darwin cemetery, and a single word stands out, confidentiality, from the beginning to end, including a final assessment to decide what will effectively be released to the media.

• Friday, January 6th 2017 - 10:45 UTC

  “Celebrity Eclipse” will be returning to Argentina for the 2018/19 cruise season

  

  Celebrity Cruises will be returning to Argentina in the 2018/19 season, and in a big way, with the Solstice class vessels, the “Celebrity Eclipse”, according to their local agents in Buenos Aires, Navijet S.A. “Celebrity Eclipse” is among the top twenty largest cruise vessels was launched in 2010, has a maximum capacity of 4.400 including passengers and crew members.

• Friday, January 6th 2017 - 10:30 UTC

  Hake ban in the shared Argentina/Uruguay River Plate and outer zone

  

  Uruguay and Argentina have imposed a hake catch ban in the shared fishing zone of the River Plate until the end of March, and also established a full twelve month catch of 50.000 tons.

• Wednesday, January 4th 2017 - 08:54 UTC

  Malvinas question: Macri should surround himself of prudent, skilful advisors, says ex Army chief

  

  A former Argentine Army chief and Malvinas veteran, General Martin Balza said on Tuesday that president Mauricio Macri's government must “strengthen its dissuasion and negotiation capacities” in the Malvinas Islands question, and should surround himself of prudent advisors on the matter.