
A court investigation over the “kidnapping, rape and murders,” of the two French women killed in Salta, northern Argentina was opened Friday in Paris, French court sources informed.

Argentine President Cristina Fernández de Kirchner (CFK) referred to plummeting global markets and blasted developed countries for the potential consequences of the crisis. Economy minister Amado Boudou said Argentina was closely following events with concern.

Industrial and Commercial Bank of China Ltd (ICBC) announced Friday it would buy stakes in Standard Bank Argentina and another two institutions from Standard Bank Group Ltd for about 600 million dollars as it expands into South America as part of its global strategy that includes Europe, India and Pakistan.

The family members of the French tourists who were murdered in Salta, north of Argentina were taken to the scene where the bodies were found to walk across the area, accompanied by the judge in charge of the case.

In spite of the latest defeats in the province of Santa Fe and in Buenos Aires City, President Cristina Fernandez, CFK, has sufficient vote intention to ensure her re-election in the first round October 23.

Following on the steps of her Brazilian peer who this week unveiled an ambitious plan to prop industry, Argentine President Cristina Fernandez de Kirchner met with the country’s leading business and corporate representatives and promised her government would take all the necessary measures to defend the market from the massive influx of outer region imported goods.

While in the rest of South America governments are trying to make the inflow of US dollars more difficult in Argentina the greenback is in great demand as the coming presidential election has triggered a solid “flight to safety”.

Argentina’s car output increased 27.2% in the first seven months of the year and totalled 462,926 units, according to the Association of Automotive Factories (ADEFA). In July production soared to 70,628 units, increasing 22.6% to the same month last year.

A Centre of Malvinas War Veterans and next of kin presented a petition before a federal court requesting the identification of Argentine combatants buried at the Darwin Cemetery in the Falkland Islands and the circumstances of their death during the South Atlantic conflict in 1982.

An Argentine Supreme Court justice faces a possible ethics investigation for renting out apartments used for prostitution. Justice Eugenio Zaffaroni has said he had no idea that six of his 15 rental properties were being used as brothels.