President Hugo Chavez said he will be attending at the end of July the coming Mercosur meeting in Brasil when Venezuela will officially become the group’s fifth full member, a decision that has proved controversial and exposed differences inside the Common Market of the South.
Chilean Foreign Minister Alfredo Moreno regretted Argentina’s decision to end a double taxing agreement which was running since 1976 and exempts Chileans and Argentines making business in the neighbouring country from paying taxes as long as they are already contributors at home.
The Argentine central bank will affect 4.165 billion dollars from the bank’s freely available reserves to honour government debt maturing in the third quarter, it was officially announced.
Following the official new curbs on US dollar purchasing for savers, the head of the Argentine Central Bank Mercedes Marcó del Pont came on stage to defend the measure and anticipate that operations in the real estate market will have to be done in Argentine Pesos.
Mexico has withdrawn a zero-tariff agreement with Argentina on autos in a tit-for-tat trade dispute after the Argentine government's decision to pull out of an auto trade pact between the two countries.
Argentine automobile production fell 12% in June from the previous month and plunged 34.4% from a year earlier, according to an industry trade group. The auto industry produced 52,983 vehicles in June compared with 60,206 units in the previous month and 80,795 a year earlier.
An Argentine court has sentenced former dictator General Jorge Videla to 50 years in jail for stealing babies from political prisoners. There were also heavy penalties for other military officers involved in the practice.
The Argentine Central Bank announced on Thursday it will officially ban the purchase of dollars for savings, the latest in a series of measures to discourage the buying of greenbacks.
An issue of Argentine 100 Pesos bills printed in Brazil and in circulation in Buenos Aires was discovered to be missing the “1” which left them with only the double 00.
Argentina’s Cabinet Chief Juan Manuel Abal Medina asked for “responsibility” to safeguard “the present and the future of the Argentines and urged people to preserve the achievements of the Government, as he answered questions of the administration during a visit to the Lower House on Wednesday.