Fiat will trim some production in Brazil and Argentina for a week because of a trade spat between the South American neighbours, the Italian car maker said on Friday.
Clouds of ash spewing from Chile's Puyehue volcano again grounded flights at airports in Uruguay and Argentina, where a major football tournament is being held. Scores of local and international flights were delayed or cancelled in and out of Buenos Aires, regional airport authority Aeropuertos Argentina 2000 said on its website on Friday.
Early Friday morning a DAP aircraft with over fifty passengers left Punta Arenas, extreme south of Chile, on a chartered flight for Santiago and then Mendoza, Argentina to be present at this evening’s Chile-Uruguay match for the Copa America.
The head of the IMF Western Hemisphere Department Nicolas Eyzaguirre described the Argentine economy as “a frying pan with boiling oil”, in direct reference to a possible overheating as was recently warned by The Economist.
A hedge fund owner of defaulted Argentine debt can try to seize government assets held in Britain as it seeks to recover the full face value of the bonds, Britain's Supreme Court said in a ruling on Wednesday.
From “chronically depressed puppet to a head-slicing machine” in just nine months is quite a record said ironically Argentine president Cristina Fernandez de Kirchner at Government House in a clear reply to growing party discontent with the electoral lists for next October presidential and legislative elections.
YPF Argentina reported Tuesday that its first offshore well drilled in the so called Malvinas basin proved dry. The operation was equally shared with Brazil’s Petrobras and Pan American Energy, a Chinese-Argentine group.
Argentine President Cristina Fernandez de Kirchner announced a package of measures to mitigate the effects of ash spewing from Chile's Puyehue volcano that has upended air travel, tourism and farming in Patagonia.
Argentina and Chile have reached an understanding to join efforts in promoting receptive tourism in far distant overseas markets. The document was signed last week by Chile’s Deputy Secretary for Tourism Jacqueline Plass and the Argentine Tourism minister Enrique Meyer at the Argentina embassy in Santiago de Chile.
Toyota, the world's biggest automaker said Monday it will temporarily halt work at factories in Brazil and Argentina due to the lack of parts from Japan after the massive March quake and tsunami.