Fitch Ratings has downgraded Argentine oil companies YPF and Pan American Energy foreign (PAE) currency Issuer Default Rating (IDR) to 'B+' from 'BB-' and has affirmed their local currency IDR at 'BB'.
Argentina imposed strict rules for operations in US dollars with the purpose to greater control over the foreign exchange market, moderating alterations in daily operations and above all to stop the haemorrhage of greenbacks estimated at 3 billion dollars a month.
The Falklands/Malvinas sovereignty dispute has reached Internet domains with Argentina’s president of internet users appealing to ICANN to cancel ‘fk’ for those pages related to the Islas Malvinas alleging they are not a state or territory.
ICANN stands for Internet Corporation for Assigned Names and Numbers.
The head of the Argentina’s powerful CGT labour confederation renewed his claims for the approval of the profit sharing bill to allow workers to be part of the businesses’ profits, during a rally to commemorate the first anniversary of the death of Néstor Kirchner.
The Argentine representative before United Nations, Jorge Argüello claimed that the UK “defies the whole of South America” when it impedes Argentina from patrolling its own waters and exercising sovereignty over its own spaces.
President Cristina Fernández de Kirchner, CFK, attended Thursday a small private ceremony at the Río Gallegos cemetery (Santa Cruz province) and paid tribute to her late husband and former president, Néstor Carlos Kirchner, on the first anniversary of his death.
Foreign direct investment, FDI, in Argentina fell 30% in the first six months of this year, while the whole of Latin America and the Caribbean received 54% more, the United Nations Economic Commission for Latin America said in a report on its website.
Petrogas announced three conventional oil discoveries from the recently-completed exploration drilling program on the Rinconada Norte block (96 sq. km. or 37 sections) located in La Pampa Province in the eastern margin of the Neuquén Basin of Argentina.
French Foreign Affairs Minister, Alain Juppé praised on Thursday the life sentence declared by the Argentine justice system against former navy spy, Alfredo Astiz, for the crimes against humanity, tortures and kidnappings he committed during the last military dictatorship. Juppé said the decision “honours Argentina.”
Two notorious former Argentine navy officers Alfredo Astiz and “Tigre” Acosta were sentenced to life in prison on Wednesday night after being found guilty of kidnapping, torture and the forced disappearances of many detainees in the former Navy School of Mechanics (ESMA) during the last dictatorship (1976/1983).