Argentina

Saturday, October 19th 2013 - 16:11 UTC
Argentina pays 500m dollars and settles pending disputes with private companies

Argentina agreed to compensate five companies that won rulings over investment disputes as the country looks for the World Bank to approve 3 billion dollars in loans. The companies agreed to accept payment in dollar bonds and to reduce the principal amount of their awards by 25%, the Argentine economy ministry said Friday in a statement.
Saturday, October 19th 2013 - 15:58 UTC
Argentine bio-diesel exports to EU threatened by new duties: EC votes on Tuesday

Argentina's bio-diesel industry warned it faces collapse if Europe makes good on a threat to impose stiff duties on their product next month. The European Commission earlier this month moved to raise duties on Argentine and Indonesian bio-fuels in response to alleged dumping.
Saturday, October 19th 2013 - 15:36 UTC
Italy tax collectors formally notified Maradona of his debt: 39 million Euro

Italy’s tax collection agency says it has formally notified Diego Maradona that it will begin procedures to freeze his assets in Italy to pay off his tax debt of 39 million Euros or 53 million dollars.
Saturday, October 19th 2013 - 15:23 UTC
Argentine business leaders ‘positive’ about Cristina Fernandez re-re-election chances fading

Leaders of the Argentine business sector find “positive” that possibilities of Cristina Fernández re-re-election are fading, said FIAT Argentina CEO Cristiano Ratazzi who also questioned the so-called Kirchner development-inclusion model.
Thursday, October 17th 2013 - 21:19 UTC
Uruguay ambassador in Buenos Aires blames Minister Almagro for rough relations with Argentina

“There are no relations, diplomatic relations (between Argentina and Uruguay) are managed by Zanini and me” confessed Uruguayan ambassador in Buenos Aires Guillermo Pomi to Argentine opposition lawmaker Elisa Carrió.
Thursday, October 17th 2013 - 20:28 UTC
“God willing” Cristina Fernandez will be back very soon, say close aides

“God willing” Argentine president Cristina Fernandez will be back in full strength anticipated Buenos Aires province governor Daniel Scioli on Thursday unveiling the secrecy that surrounds the head of state since she underwent surgery a week ago to extract a cranium blood clot and has been recovering at the Olivos presidential residency.
Thursday, October 17th 2013 - 05:47 UTC
Pulp mill dispute: Uruguay rejects Argentine ultimatum and doubles the bet

The Uruguayan government rejected on Wednesday Argentina’s ultimatum referred to the UPM (former Botnia) pulp mill production expansion, and doubled the bet by proposing a reform of the shared River Uruguay Statute to increase environmental impact standards but also include both margins of the waterway.
Thursday, October 17th 2013 - 05:34 UTC
US Supreme Court raises doubts about corporation responsibility during Argentina’s ‘dirty war’

A majority of US Supreme Court justices raised doubts this week over whether Germany’s Daimler-Chrysler can be sued in federal court for allegations that a subsidiary violated the human rights of workers at a plant in Argentina during the last military dictatorship that was in power from 1976-1983.
Wednesday, October 16th 2013 - 08:16 UTC
Official September inflation in Argentina 0.8%, less than half the so called Congress index

The Argentine government official Consumer Prices Index climbed 0.8% in September over August and reached 7.4% in the first nine months of the year, according to the National Stats Institute, Indec.
Wednesday, October 16th 2013 - 00:26 UTC
Pulp mill conflict: Argentina summons Uruguay: roll back latest decision or see you in The Hague

In a formal presentation Argentina summoned Uruguay ‘to leave without effect’ its latest controversial decision allowing the Botnia/UPM pulp plant to increase its annual production and accused Uruguay of ‘unilateral violation’ of the River Uruguay statute which rules over the neighbouring countries shared-border waterway.