Argentina’s 2011 economic growth forecast was raised to 8% from 5% by Nomura Securities International based on a strong surge from domestic demand and rising commodity prices. Government primary spending is expected to continue since 2011 is electoral year.
European Union’s top trade negotiator, Karel de Gucht, accused Argentina of being “the great obstacle” in an association agreement between the EU and Mercosur, and threatened to take the case before the WTO.
The military officer who as de facto president led Argentina following the Falkland Islands invasion defeat in 1982 was sentenced to life in prison over human rights violations committed during the country’s last military dictatorship, 1976/1983.
China is far from normalizing soy-oil purchases in Argentina since it has not placed new orders according to the Argentina Cooking Oil Industry Chamber, CIARA. However the industry has managed to diversify markets.
Venezuela and Argentina recorded the highest rates of inflation in South America during the first quarter of 2011 according to the latest data available.
Argentine President Cristina Fernández de Kirchner cancelled her trip to Mexico City and rescheduled it for May 30 after being told by Presidential Medical Unit doctors to rest for a further 24 hours, despite showing a 'satisfactory improvement' from the turn of low blood pressure she suffered Tuesday.
A recently re-elected Argentine provincial governor gave his full support for the re-election of President Cristina Fernandez de Kirchner, CFK, and asked for “more limits” to be imposed on Hugo Moyano, Argentina’s organized labour chief who attacked the incumbent candidate during the campaign.
Argentine President Cristina Fernández de Kirchner was forced to suspend all of her official activities for the next 24 hours after suffering from low blood pressure in the Olivos presidential residence. She is expected to remain there under observation until Wednesday.
Turkey has slammed an Argentine judge's ruling that it committed genocide against Armenians around the time of World War I. The Turkish Foreign Affairs Ministry said the ruling was an example of how legal systems are abused by extreme nationalists belonging to the Armenian Diaspora.
The IMF has presented a report to Argentine authorities with specific recommendations for developing a new, nationwide consumer price index to replace the much-criticized current index, the fund said in a press release Monday.