Argentina

• Sunday, March 13th 2016 - 22:49 UTC

  Argentina's government release of 2015 fiscal results triggers strong controversy

  

  Argentina's Finance Ministry finally released its fiscal results for the 2015 period, which showed a deficit amounting to more than 5% of GDP. The figure is likely to be subject to much controversy and discussion, as the government of president Mauricio Macri introduced new methodology to calculate its figures.

• Sunday, March 13th 2016 - 22:40 UTC

  Oil at US$ 67 in Argentina has all the Majors converging

  

  By Nick Cunningham of Oilprice.com
  
  Argentina offers one of the few places on earth where oil companies are not suffering from the full force of the collapse in prices. Argentina regulates oil prices, a policy originally intended to insulate the public from the whims of the market, protecting people from triple-digit crude prices. But with the crash in prices since mid-2014, the effect of the regulation has reversed: motorists are now effectively subsidizing the oil industry.

• Sunday, March 13th 2016 - 22:27 UTC

  Falklands: Mar del Plata bishop blesses “Identity Crossing” swimmers, and 250 rosaries

  

  Mar del Plata bishop Monsignor Antonio Marino met with the swimmers that are planning to cross the Falklands' sound, or “Identity Crossing”, and blessed rosaries they will be taking to the Argentine memorial in Darwin.

• Sunday, March 13th 2016 - 22:22 UTC

  Argentine bonds: US Appeals court puts on hold Judge Griesa's lifting of injunctions

  

  United States appeals court put on hold a United States District Judge Thomas Griesa ruling lifting injunctions that have restricted Argentina from paying off some debts in light of the country’s US$6.5 billion offer to settle litigation over bonds in default since 2002.

• Sunday, March 13th 2016 - 16:54 UTC

  Cuba reiterates to Malcorra support for Argentina's Malvinas claim

  

  Argentina's foreign minister Susana Malcorra made a quick working visit to Cuba where she held talks with her peer Bruno Rodríguez Parrilla to address bilateral issues and also met the representatives from the Colombia-Farc peace talks which are taking place in Havana.

• Friday, March 11th 2016 - 05:41 UTC

  Falklands' sovereignty statements, “an unnecessary provocation” says Argentine ambassador

  

  The private visit to Paraguay of Falkland Islands lawmaker Phyllis Rendell and her strong statements regarding sovereignty and the future of the Islands had an immediate reaction from the Argentine ambassador in Asunción Eduardo Zuain, who described the statements as an unnecessary provocation.

• Friday, March 11th 2016 - 05:22 UTC

  Purge in YPF; financial expert chosen as successor of Galuccio

  

  Miguel Ángel Gutiérrez looks is to become the new president of Argentina’s state-controlled energy giant YPF, it was revealed this week after Miguel Galuccio confirmed he will step down as head of the company on April 30.

• Friday, March 11th 2016 - 05:18 UTC

  Brazil's Odebrecht network of alleged bribery practices investigated in several Latin American countries

  

  Argentina is investigating whether the local unit of Brazil's Odebrecht paid bribes to government officials, an Argentine prosecutor said this week, deepening the regional fallout from the biggest corruption scandal in Brazil’s history.

• Thursday, March 10th 2016 - 06:26 UTC

  Falklands' sovereignty issues has been solved, says MLA Phyllis Rendell

  

  The member of the Falklands/Malvinas legislative assembly Phyllis Rendell on a private visit to Paraguay openly stated that the South Atlantic archipelago claimed by Argentina is a British Overseas Territory and underlined that the sovereignty issue was settled with a war between the two sides over thirty years ago.

• Thursday, March 10th 2016 - 05:49 UTC

  CEO Galuccio confirms he's leaving YPF and pledges “ordered transition”

  

  Miguel Galuccio confirmed he will be resigning as Argentina's YPF CEO and said he will guarantee an “ordered transition” ahead of the appointment of his successor. In a statement released on Wednesday, Galuccio said he will remain in his position until the upcoming Ordinary Shareholders Assembly takes place. He is expected to leave the state-run company after April 30.