Argentina

• Wednesday, November 12th 2014 - 07:00 UTC

  Argentina raids 71 banks and financial entities suspected of money laundering

  

  Argentina's AFIP tax revenue service on Tuesday carried out searches at 71 banks, currency exchanges and other financial entities suspected of money laundering, the government said. More than 250 agents took part in the operation, which involved institutions in this capital and in the provinces of Buenos Aires, Mendoza and Cordoba, AFIP said in a statement.

• Wednesday, November 12th 2014 - 06:42 UTC

  Petrobras Argentina plans to invest 622m dollars to explore for shale gas

  

  The Argentine unit of Brazilian state-controlled oil giant Petrobras plans to invest 622 million dollars to explore for non-conventional natural gas in Neuquen, the Argentine government announced on Monday.

• Wednesday, November 12th 2014 - 03:19 UTC

  “Falklands/Malvinas current policy is a losing option and leads nowhere”

  

  Argentina's current policy on the Falklands/Malvinas Islands sovereignty is a losing option because it is a 'maximalist' attitude with the purpose of ‘full recovery' of the disputed islands, said Argentine political scientist and writer Carlos Escudé.

• Tuesday, November 11th 2014 - 07:25 UTC

  Griesa authorizes Citibank to pay restructured bonds under Argentine law

  

  New York District judge Thomas Griesa has authorized Citibank to complete the transfer of 85 million dollars to holders of restructured Argentine bonds under Argentine law, meeting debt services that expire on December 31.

• Tuesday, November 11th 2014 - 04:00 UTC

  Falklands' British 'colonial occupation' condemned by Parlasur

  

  The Mercosur parliament, Parlasur, in a special Monday session held in Montevideo, rejected British 'control' over the Falklands/Malvinas Islands and described the situation as a colonial conflict of 'global' proportion which threatens the region.

• Monday, November 10th 2014 - 09:13 UTC

  Falklands/Malvinas issue to be debated at the Parlasur Parliament

  

  The Falklands/Malvinas dispute and 'colonialism' will be discussed on Monday during an extraordinary session of the Mercosur Parliament, Parlasur, in Montevideo with the attendance of Argentine and Uruguayan foreign ministers Hector Timerman and Luis Almagro.

• Monday, November 10th 2014 - 08:37 UTC

  Argentine president begins ten-day resting period in Olivos

  

  Argentine President Cristina Fernandez de Kirchner was discharged on Sunday from Otamendi hospital where she had been admitted a week ago to be treated for sigmoiditis, an infection of the colon.

• Monday, November 10th 2014 - 07:34 UTC

  Latam Energy Organization approves statement on “Malvinas sovereignty”

  

  Energy ministers from the Latin American Energy Organization, OLADE, meeting in San Salvador approved last Friday a statement on “Malvinas Islands sovereignty” referred to the “illegal hydrocarbons exploration and exploitation undertaken in the Islands surrounding waters”, points out a release from the Argentine Foreign ministry.

• Sunday, November 9th 2014 - 10:46 UTC

  Argentina's car production, domestic sales and exports in free-fall

  

  Registrations for new vehicles in Argentina fell 40% in October compared to the same month in 2013, according to the latest study by commercial sellers' group ACARA. The chamber revealed that 52,983 cars were registered over the past month, against 59,099 in September and 88,948 last October.

• Sunday, November 9th 2014 - 10:35 UTC

  Argentine bondholders file for 'me too' at Judge Griesa's court: claims reach 6.5bn

  

  Argentina told New York district judge Thomas Griesa that bondholders filed 25 lawsuits since June, when the judge ordered blocking the country's from paying its restructured debt without also paying a group of holdouts, Bloomberg news has reported.