An Argentine think tank, the Centre of Financial Research, CIF, from the Torcuato Di Tella University School of Business in its latest release shows that Argentina’s probability of entering a recession reached 70%.
US Democratic congressman Maurice Hinchey sent a letter to President Obama requesting the declassification of several US intelligence documents, held by the Pentagon, the FBI and the CIA, that contain information related to human rights abuses, specifically the disappearance of children during Argentina's last military regime, which ruled in the country from 1976 to 1983.
President Barack Obama recommended his French counterpart, Nicolas Sarkozy to follow the example set by Argentine President Cristina Fernández, who was re-elected in a landslide win just ten days ago.
During Thursday’s meetings of the Group of 20 in Cannes, Argentine President Cristina Fernández for G20 leaders to put a stop to the current “anarchistic economic capitalism” and regulate the markets, not the countries, to go back to what she referred to as “real capitalism” after three years of world economic crisis.
Chile, Argentina and Uruguay have the highest standards of living in Latin America according the latest report from the United Nations Human Development Index (HDI).
Bribing public officials when doing business abroad is a regular occurrence, according to a survey of 3,000 business executives from developed and developing countries.
Fitch Ratings agency warned Wednesday that Argentina’s new dollar controls and measures aimed at curbing capital flight could narrow Cristina Fernández political options range.Likewise, the agency stated in the communiqué that the “continuity of such unorthodox policies represent nothing but risk.”
Economy Minister Amado Boudou and Planning Minister Julio de Vido announced Wednesday in a press briefing, a full lift on subsidies; a decision which will reach various public sectors, including electricity gas and water companies. The changes imply annual fiscal savings of 600 million pesos (140 million dollars).
President Cristina Fernández de Kirchner, CFK, blasted on Tuesday union protesters who set a roadblock in the Ricchieri highway, one of the main routes of access to the Argentine capital Buenos Aires.
Argentina’s central bank estimates that the country’s economy will expand 9% in 2011, above the central government forecast of 8.3%, according to the latest quarterly report released this week.