Argentina

Thursday, May 15th 2014 - 01:01 UTC
Surprise in Argentina that Mujica should have said “Uruguayans don't go around bribing”

A top official from Argentine President Cristina Fernandez said that “Argentines do not bribe” and does not know why the Uruguayan leader Jose Mujica should have brought up that issue during his current visit to the United States.
Wednesday, May 14th 2014 - 00:24 UTC
Cristina Fernandez ally union admits 18.8% (7 million) of Argentines are under the poverty line

At least 7 million Argentines, or 18.8% of the population, currently find themselves under the poverty line, with 1.7 million (4.2%) classed as in extreme poverty or indigence, according to a new report from the Argentine Workers' Central (CTA) union headed by the Cristina Fernandez government ally Hugo Yasky.
Tuesday, May 13th 2014 - 19:11 UTC
Argentina and Chile presidents pledge to increase border crossings

President Cristina Fernández received on Monday her Chilean counterpart Michelle Bachelet and discussed the re-launching of the Maipú Agreement -signed in 2009- to increase the links between the two countries and boost regional commerce with Asia.
Tuesday, May 13th 2014 - 08:29 UTC
Argentina satisfied “with Chile's renewed support for the Malvinas cause”

Argentina's president of the Lower House, Julián Domínguez underlined the “renewed Chilean support for the Malvinas Islands cause” during an event on Monday at the Legislative Assembly which received Chilean president Michelle Bachelet in Congress.
Friday, May 9th 2014 - 07:20 UTC
The 'indigence' basic food basket in Argentina climbed 40% in 12 months

An average Argentine family during the month of April needed 4.779 Pesos (approx. 600 dollars) not to be included in the poverty category, which represents an increase of 1.6% over March, of 20% in the first four months of the year and 40.5% in the last twelve months, according to the latest report from the Latin American Economic Research Foundation, FIEL.
Friday, May 9th 2014 - 07:11 UTC
Holdout bondholders tell US Supreme Court Argentina's case is “undeserving of review”

Holders of Argentine sovereign debt this week asked the U.S. Supreme Court not to hear that country's appeal of lower court decisions ordering it to pay them 1.33 billion dollars in a case Argentine officials warn could force it to default on its sovereign debt.
Friday, May 9th 2014 - 07:01 UTC
Repsol/YPF 'marriage' definitively over; Spanish company ends 15-year presence in Argentina

Spanish oil major Repsol signed a definitive settlement agreement Thursday with Argentine President Cristina Fernandez's administration, which transferred more than 5 billion dollars in bonds as compensation for the 2012 seizure of Repsol's controlling stake in energy firm YPF.
Friday, May 9th 2014 - 02:18 UTC
Falklands' governor interview triggers immediate reaction from Argentina

Falklands Island's' newly inaugurated governor Colin Roberts phone interview with a Buenos Aires media website released this week has had a great impact in Argentina and as it could be expected received an immediate reply from Hector Timerman's Foreign Affairs ministry, which undoubtedly read every line and every word of the transcript.
Thursday, May 8th 2014 - 04:57 UTC
Repsol sells YPF stake for 1.25bn dollars to Morgan Stanley; keeps 0.5% share

Spain's Repsol oil and gas company says it has sold an 11.86% stake it owned in Argentina's YPF energy company to Morgan Stanley for 900 million Euros (1.25 billion dollars), effectively leaving it without a stake in a company it once controlled.
Thursday, May 8th 2014 - 04:34 UTC
Grim outlook for Argentine industry according to auto industry and Moody's

An estimated 12.000 workers from the auto industry and auto-parts manufacturing have been sent home on anticipated vacations or because of lesser working days, according to the mechanics union SMATA, a figure consistent with the level of domestic market sales and exports. However the industry leaders and unions have warned that the situation is set to worsen in coming months.