Argentina

Thursday, December 8th 2011 - 06:47 UTC
Capital flight in Argentina doubles to 18 billon dollars in nine months of 2011

Argentine capital flight accelerated to the fastest pace in at least 10 years in the third quarter as investors concerned about inflation and a weakening Peso pulled cash out of South America’s second-biggest economy.
Thursday, December 8th 2011 - 06:44 UTC
Argentine central bank confirms pro-active policies and competitive Peso

Argentine Central Bank Governor Mercedes Marcó del Pont assured on Wednesday that the flight of dollar deposits from the local financial system has slowed down and highlighted the fact that Government’s policy of regulated exchange rate has given “certainty” to savers and investors. She also forecasted 6% growth next year for the Argentine economy.
Thursday, December 8th 2011 - 06:41 UTC
US about turn: now it supports loans to Argentina in multilateral credit organizations

The Inter-American Development Bank (IDB) announced on Wednesday the unanimous approval of a 400 million dollar credit to Argentina in order to improve the infrastructure of the country’s poor neighbourhoods.
Thursday, December 8th 2011 - 06:35 UTC
Mujica absent from CFK inauguration following on doctors advice

Uruguayan President José Mujica, 76, announced he would not be attending President Cristina Fernández inauguration ceremony on Saturday after his doctor recommended he should rest for the next few days. His wife, First Lady and Senator Lucía Topolansky will be attending instead.
Wednesday, December 7th 2011 - 17:51 UTC
EU cuts Argentina, Brazil, Chile and Uruguay from development aid

The European Commission decided to cut aid from its 2014-2020 budget to 19 emerging economies including Brazil, Argentina, Uruguay and seven other Latin American countries, the EU development commissioner Andris Piebalgs said on Wednesday.
Wednesday, December 7th 2011 - 05:54 UTC
In the best Kirchner style: the new cabinet is more continuity than change

Under the heading of “More continuity than change”, Argentine political analyst Rosendo Fraga describes the incoming cabinet of re-elected president Cristina Fernandez as something very much in the style of the Kirchner.
Wednesday, December 7th 2011 - 05:39 UTC
CFK begins her second mandate with the budget and energy bill in the red

Cristina Fernandez takes the re-election oath on Saturday with government accounts and the energy bill in red, which contrasts with the surplus condition enjoyed by Argentina when she first took office four years ago.
Wednesday, December 7th 2011 - 04:02 UTC
Argentina new cabinet minister, a political scientist from Peronist nomenclature

Argentina’s new cabinet chief and former Media Secretary of the Executive, Juan Manuel Abal Medina, 43, besides his own proven merits carries an illustrious name in the Peronist nomenclature.
Wednesday, December 7th 2011 - 02:18 UTC
New Economy minister: market friendly and an expert in debt negotiations

Hernán Lorenzino, 39, currently Finance Secretary and beginning next Saturday Argentina’s Minister of Economy is considered market friendly, has a vast experience in debt negotiations and accompanied President Cristina Fernandez in her recent trip to the G20 summit in France.
Wednesday, December 7th 2011 - 02:10 UTC
UK protests to Argentina the interception of Falklands licensed fishing vessels

The UK has protested to Argentina over its interception of Falkland Islands-licensed fishing boats, mainly Spanish in disputed South Atlantic waters and in the River Plate when they approach the port of Montevideo.