It's a fact, Argentina is the 'main obstacle' for Mercosur to advance in reaching a trade agreement with the European Union, and Venezuela, the latest incorporation to the group, is also hindering efforts, revealed Uruguay's Economy minister Danilo Astori during a conference on the country's investment prospects.
The recently elected members of Argentina’s new congress will be taking the oath on 3 December, and numbers show that the current coalition of president Cristina Fernandez, Victory Front, will retain the first minority in the Lower House, while it will enjoy a comfortable majority in the Senate.
The director of one of the most reliable pollster organization in Argentina anticipated that the 22 November presidential runoff is still an open race despite the fact the incumbent candidate Daniel Scioli is running several points behind his rival and opposition candidate Mauricio Macri.
Argentina's former Secretary of Culture José Nun said that current poverty in the country is similar to that which preceded the 2001/02 crisis, and underlined that he would never vote for the presidential incumbent candidate Daniel Scioli, who was handpicked by outgoing head of state Cristina Fernandez.
Argentine defence minister Agustin Rossi has announced that negotiations for new fighter jets are under way, but will be left to the next government to purchase. Rossi’s decision comes only a day after the Argentine government announced the purchase of Israeli manufactured Kfir fighters.
The Uruguayan government is hopeful that with president Cristina Fernandez no longer at the helm of Argentina, as of 10 December, a more flexible attitude can be expected from the newly elected authorities, particularly regarding Uruguay's intention of signing trade agreements with third parties, if Mercosur is not interested in such commitment.
Argentina's agro-business shares are booming in the Buenos Aires stock exchange since 26 October, following the first round of the presidential election, and expectations are even greater on the promises from the two candidates that will be disputing the runoff on 22 November.
After almost two years of negotiations and endless speculations surrounding the question of what fighter jet Argentina would go for, Argentine media report that a decision has been made to purchase the IAI Kfir jets to replace the Air Force’s Mirages. According to the report, in Interdefensa Militar Argentina, the decision is currently awaiting final approval from the Cabinet.
Argentina's supreme court has ordered state-controlled YPF to publicly release all clauses of a 2013 contract with Chevron to develop shale oil in the country's vast Vaca Muerta formation. In a 3-1 ruling, the justices sided with opposition Socialist Senator Hector Ruben Giustiniani, ruling that the state's 51% stake in the firm effectively makes it a public company subject to transparency laws.
North of Chile has been rocked by a series of tremors during early Saturday and most of Sunday, but no injuries or damage has been reported, the University of Chile's Seismology Institute said. The earthquake shook an estimated 20 cities, Arica, Cuya, Pocon Chile, Camina, Mamiña and Pisagua, the national emergency management office said.