Argentina

Tuesday, July 31st 2012 - 23:19 UTC
With Venezuela Mercosur has become “a new pole of world power”

Argentine President Cristina Fernández said on Tuesday during a press conference held at the Mercosur extraordinary summit in Brasilia, that Venezuela’s entry to the bloc “strengthens the entire region” and creates a “new pole of power” at world level.
Tuesday, July 31st 2012 - 07:42 UTC
Not without controversy Venezuela becomes Mercosur fifth full member

Following a full day of deliberations in Brasilia between Foreign Affairs ministers, the presidents from Brazil, Argentina and Uruguay, on Tuesday will formally receive Venezuela as the new full member of Mercosur, as was agreed at the regular mid year summit in Mendoza.
Tuesday, July 31st 2012 - 04:04 UTC
Cristina Fernandez prepares another ‘independence day’ celebration next Friday

Argentina is ready to cancel next Friday a bond issue which was handed out to residents with bank deposits victims of the so called “corralito” (paddock) in 2002 when the collapse of the Argentine economy and financial system.
Tuesday, July 31st 2012 - 01:19 UTC
Chavez after an energy alliance with Argentina and Brazil in the framework of Mercosur

Venezuelan president Hugo Chavez announced he expected to sign an oil/gas alliance between Argentina’s YPF and PDVSA (Venezuelan Petroleum) when he meets with his peer Cristina Fernandez in Brasilia in the framework of the Mercosur extraordinary summit to officially incorporate the country as full member of the trade group.
Monday, July 30th 2012 - 21:39 UTC
Cristina Fernandez “wonder boy” saves in dollars and has property in Uruguay

Argentina’s Cristina Fernandez “wonder boy” seems to be missing on his homework. According to the Argentine media Economy Deputy Minister Axel Kicillof not only has his savings in US dollars but owns real estate in Uruguay, which Argentina considers an overseas fiscal paradise.
Monday, July 30th 2012 - 19:51 UTC
Argentina again manages to delay the dredging of a shared canal with Uruguay

Uruguayan president Jose Mujica said on Monday it “is not useful” for foreign ministries to publicly exchange letters following Argentina’s latest message accusing Uruguay of not collaborating in exposing claims of alleged bribes involving the works planned for the widening and deep-dredging of the River Plate access canal Martin Garcia.
Monday, July 30th 2012 - 16:39 UTC
Argentina plans to explore for oil and gas next to the Falklands

As part of its “Malvinas noose tightening” policy the Argentine government is planning an international tender to offer licenses to explore for oil near the Falkland Islands, reports Buenos Aires main daily Clarin in its Monday edition, citing a letter to Congress by Cabinet chief Juan Manuel Abal Median.
Monday, July 30th 2012 - 07:19 UTC
Argentina denies plans to intervene the energy sector: “only ensuring investments”

Planning Minister Julio De Vido denied that the Government plans the “intervention” of the energy sector and clarified that “we demand investment and production plans. This is not an intervention, simple more planning.”
Monday, July 30th 2012 - 07:08 UTC
Punta Arenas largest single industry leaves for Louisiana: insufficient gas supply

The world’s largest supplier of methanol, Canadian-based Methanex, will invest 550 million dollars to relocate a methanol production plant from the extreme south of Chile to a 225-acre site in Geismar, Louisiana.
Monday, July 30th 2012 - 07:04 UTC
Soaring costs delay Barrick-Gold Andes mining project delayed a full year

Barrick Gold, the world’s biggest gold miner, says its capital costs to develop a giant mine high in the Andes could reach 8 billion dollars and has delayed production until 2014.