Argentina

Friday, October 11th 2013 - 08:00 UTC
Argentine billionaire ready to invest 500m dollars in Patagonia shale development

Argentine billionaire Eduardo Eurnekian announced that his company Corporation America continues to work with government controlled oil company YPF “to develop projects” which could involve a 500 million dollars investment in the country’s rich shale deposits.
Friday, October 11th 2013 - 07:52 UTC
Argentina prepared to comply with World Bank arbitration and pay corporations with bonds

Argentina will offer 500 million dollars in sovereign bonds to resolve disputes with corporations at a World Bank arbitration panel, a financial daily newspaper reported on Thursday.
Friday, October 11th 2013 - 07:49 UTC
Rare praise for Argentina’s economy performance from the World Bank

Argentina will grow at an enviable rate compared to other countries in the region, Chief Economist for the World Bank’s Latin America and Caribbean Office Augusto de la Torre said this week, commenting on the institution’s projections for next year.
Friday, October 11th 2013 - 07:21 UTC
World Bank/Argentina agree on new Strategic partnership: 3bn dollars in loans

The Argentine government and the World Bank agreed on Thursday in Washington on a new Strategic Partnership involving an estimated 3 billion dollars in the next three years which will concentrate on loans for education, health care and rural development.
Thursday, October 10th 2013 - 05:24 UTC
Government is run by a solid team following Cristina Fernandez instructions’

Argentine Cabinet Chief Juan Manuel Abal Medina guaranteed there will be no political or institutional crisis due to President Cristina Fernández health condition and underlined that ‘the president’s team is solid and working with no difficulty”, following her instructions.
Thursday, October 10th 2013 - 05:21 UTC
Pope Francis sends his blessings to President Cristina Fernandez

Pope Francis has wished President Cristina Fernández a “full health recovery” following the surgery she underwent on Monday at the Fundación Favaloro clinic in Buenos Aires. “I beg you to feel my presence. I guarantee my nearness and prayer,” the ex Argentine cardinal said.
Thursday, October 10th 2013 - 01:01 UTC
As Cristina Fernandez evolves favourably, debate targets acting-president Boudou

While Argentine presidential spokesman Alfredo Scoccimarro confirmed that President Cristina Fernández “evolves favourably” and is “in good spirits”, the political debate on Wednesday has centred on Vice-president and acting president Amado Boudou whom the opposition argue should not lead the country given his questionable credentials and mounting legal problems
Wednesday, October 9th 2013 - 05:28 UTC
IMF forecasts higher growth for Argentina this year, but reliability of official stats remains controversial

Argentina’s growth has recovered because of an abundant crop but economic activity continues to be contained because of the exchange rate and other administrative controls, according to the IMF latest World Economic Outlook (WHE), Latam and Caribbean chapter released on Tuesday. The IMF statement refers to Argentina’s export duties and the so called ‘dollar clamp’ which bans even saving in US dollars.
Tuesday, October 8th 2013 - 19:00 UTC
Cristina Fernandez in ‘good mood’; successful surgery, 30 to 45 days convalescence

Argentine president Cristina Fernandez ‘surgery has been satisfactory and is recovering favourably’ announced early Tuesday afternoon presidential spokesman Alfredo Scoccimarro addressing the media and pro-government supporters outside the Fundación Favaloro clinic in Buenos Aires
Tuesday, October 8th 2013 - 17:24 UTC
Zanini, admirer of Mao’s China, the strongman in absence of Cristina Fernandez

His nickname is ‘El chino’ (the Chinese) because of his strong Maoist tendencies when a law student. Long a solicitor, Carlos Zanini is Argentine president Cristina Fernandez (and of her deceased husband Nestor Kirchner) most trusted aide and top of the Kirchnerite ‘nomenclature’.