Argentina

• Tuesday, February 4th 2014 - 08:47 UTC

  YPF buys a Petrobras Neuquén/Mendoza block with production of 10.000bpd

  

  Argentina oil company YPF has bought out Brazil player Petrobras to take over full ownership of an exploration block in Neuquen and Mendoza provinces. YPF agreed to pay 40.7 million dollars for Petrobras' operatorship and 38.45% stake in the Puesto Hernandez block, cutting short a joint venture due to expire in 2016, according to the Argentina explorer.

• Saturday, February 1st 2014 - 04:58 UTC

  Argentina's financial hot summer: record devaluation of the Peso, record loss of reserves

  

  The Argentine currency ended trading on Friday, the first month of 2014, at 8.01 Pesos to the US dollar with an accumulated devaluation in January of 18.63%, the greatest loss in a single month since 2002. However market analysts described the situation as a depreciation 'sustained and managed' by the government of President Cristina Fernandez.

• Saturday, February 1st 2014 - 04:54 UTC

  Argentina among the least well-off economies in the region, says IMF

  

  The economies of Argentina and Venezuela are the least well-off in the region due to pressures on inflation, the balance of payments, and foreign exchange markets that developed last year, the International Monetary Fund warned.

• Friday, January 31st 2014 - 23:14 UTC

  Falklands referendum: observers mission partially financed by Canada, claims Argentina

  

  The Falkland Islands referendum a year ago when an overwhelming majority of Islanders voted to remain as a British Overseas Territory, supported on the UN charter enshrined peoples' right to self determination has become an obsession for Argentina and the official news agency Telam has been researching the international validation of the event and Canadian support stands out strongly.

• Friday, January 31st 2014 - 07:04 UTC

  Mujica admits that with Argentina 'nothing is guaranteed, only change, one way or the other'

  

  Uruguayan president Jose Mujica said there is 'nothing guaranteed' in the coming talks with Argentina over a long list of bilateral issues, in reference to his meeting on Tuesday with president Cristina Fernandez in Cuba on the sidelines of the recent Celac summit. Mujica was interviewed by a Uruguayan television channel.

• Friday, January 31st 2014 - 06:42 UTC

  Climate change increasing penguin chick mortality in Argentina, says report

  

  Penguin-chick mortality rates have increased in recent years off the coast of Argentina, a trend scientists attribute to climate change and expect to worsen throughout the century, a new study finds.

• Thursday, January 30th 2014 - 06:46 UTC

  Argentina's YPF wooing Malaysia Petronas to develop shale deposits

  

  Argentina oil company YPF is courting Malaysia's Petronas as a possible partner to develop the promising Vaca Muerta shale, according to reports. YPF chief executive Miguel Galuccio was in Kuala Lumpur for a meeting on Wednesday with Petronas leader Tan Sri Dato Shamsul Azhar Abbas, the La Nacion newspaper reported.

• Thursday, January 30th 2014 - 06:35 UTC

  Celac ratifies full support for Argentina's Malvinas “legitimate sovereignty” claim

  

  The Celac summit in Cuba underlined in its final declaration its determination to strengthen the regional space among Latin American and Caribbean countries and at the same time ratified its full support for Argentina's claim over the Falklands/Malvinas Islands.

• Thursday, January 30th 2014 - 06:17 UTC

  Cristina Fernandez again visits hospital: this time to address lumbago symptoms

  

  Argentine President Cristina Fernandez underwent tests for an incident of lumbago or back pain at a Buenos Aires hospital on Wednesday afternoon, according to an official release from the hospital and the Government House Public Communication Office. Early morning the president arrived from Cuba where she attended the Celac summit.

• Thursday, January 30th 2014 - 06:01 UTC

  Malvinas claim support from Celac, underlined by Argentine president

  

  Argentine president Cristina Fernandez celebrated the advances in integration achieved by Latin America and the Caribbean, and thanked country members for their support in Argentina's claim over the Malvinas and other South Atlantic Islands sovereignty.