Argentina

• Friday, May 18th 2012 - 04:12 UTC

  YPF second shareholder misses 400 million dollars payment to creditor banks

  

  Argentina's Petersen Group missed a 400 million dollars payment to creditor banks on Wednesday, which could allow them to seize the shares of oil company YPF backing the loan.

• Friday, May 18th 2012 - 03:01 UTC

  Argentine farmers blitz stops lawmakers vote on land tax increase

  

  A last-minute lobbying blitz by farmers in Argentina's top grains-producing province stopped lawmakers from approving a tax increase that some growers said would force them to sell their fields.

• Thursday, May 17th 2012 - 21:19 UTC

  Tax-info-exchange accord could see middle-class Argentines abandon Uruguayan banks

  

  The recent tax-info exchange agreement reached between Argentina and Uruguay will make many investors in the Uruguayan financial system take their deposits back to “safes” or “mattresses” in Argentina, warned several economists during a conference on the Argentine economy prospects and its influence on neighbouring Uruguay.

• Thursday, May 17th 2012 - 11:52 UTC

  Argentine provinces face less revenue and higher rates because of YPF seizure

  

  Argentine provinces are falling back in paying salaries and honouring debts as they face a shortage of cash and almost record rates for issuing bonds in money markets, reports Buenos Aires financial press.

• Thursday, May 17th 2012 - 10:17 UTC

  Argentina en route to become the “Greece of Latin America” claim Chilean exporters

  

  Argentina could rapidly become the “Greece of Latin America” given the trade restrictions it has imposed born out of the lack of sufficient hard currency to face its international commitments, according to Chile’s Manufacturing and Services Exporters Association, Roberto Fantuzzi.

• Wednesday, May 16th 2012 - 21:58 UTC

  State-controlled YPF wants to keep its ADS listed in the New York exchange

  

  Argentine state-controlled energy company YPF said it risks having its American Depositary Shares (ADS) de-listed by the New York Stock Exchange since it is not complying with all regulatory requirements.

• Wednesday, May 16th 2012 - 06:51 UTC

  “I’m predictable, no shocks” says CFK after Tuesday’s mini run on the US dollar

  

  After a day of intense trading in the ‘blue’ (informal) market for US dollars which reached a new high of 5.50 Pesos, Argentine President Cristina Fernández assured on Tuesday evening that there will be no economic ‘shocks’ or a ‘system of multiple exchange rates’ as “has been rumoured during the whole day”.

• Wednesday, May 16th 2012 - 06:13 UTC

  Serious Uruguay/Argentina clash over the long delayed dredging of a River Plate canal

  

  Uruguay called on Argentina to begin the price bidding process for the delayed dredging of a River Plate canal and revealed it was already monitoring the Uruguayan side of a joint commission responsible for deciding on the final contract and which has come under suspicion of corruption.

• Wednesday, May 16th 2012 - 06:01 UTC

  Argentina insists before Red Cross on identifying remains of combatants buried in the Falklands

  

  Vice President Amado Boudou called for a ‘concrete reply’ to Argentina’s request for the International Red Cross to collaborate with the identification of the combatants fallen during the Falkland Islands conflict in 1982 and whose remains are buried at the cemetery in Darwin.

• Wednesday, May 16th 2012 - 03:17 UTC

  US dollar in Argentina’s ‘blue’ (parallel) market soars 5% on Tuesday

  

  The US dollar in Argentina’s parallel market soared on Tuesday as strong unsatisfied demand moved to the so called ‘blue’ market as a result of the increasing controls for the purchase of the greenback.