Argentina

Wednesday, January 13th 2010 - 08:29 UTC
Brazilian industry calls for end of “strategic patience” trade policy with Argentina

Brazil’s strongest manufacturing organization (and lobby) is considering the possibility that the country “ceases to be tolerant” towards Argentine trade restrictions and consider the possibility of withdrawing from Mercosur.
Tuesday, January 12th 2010 - 17:35 UTC
Dispute over Argentine Central Bank reserves faces long judicial dispute

Argentine Federal Judge María José Sarmiento postponed Monday her ruling over the use of Central Bank currency reserves to meet 2010 debt payments by turning the government's 'appeal on grounds of unconstitutionality' into an ordinary trial.
Tuesday, January 12th 2010 - 17:33 UTC
FT: In the path to prosperity Argentina tripped with the Kirchners

The Financial Times, a reference for global finances, has published an editorial comment highly critical of Argentina’s presidential Kirchner couple and their latest attempt to keep their cash-strapped administration afloat: getting hold of Central Bank reserves to pay debts and recover long lost international creditworthiness.
Tuesday, January 12th 2010 - 17:19 UTC
Martin Redrado, from “golden boy” to centre stage

Martin Redrado the Argentine reinstated Central Bank president who dared defy the all powerful presidential Kirchner-couple is a low profile liberal economist who became involved in politics with former president Carlos Menem.
Monday, January 11th 2010 - 13:05 UTC
Argentina says that import licences saved over half a million jobs

Argentina’s Production Ministry has revealed documents indicating that some 542,370 job posts were saved by the application of non-automatic import licences. Some 21,510 jobs were saved by anti-dumping measures, which led to the protection of 563,880 jobs through the prohibition of mass importation of low-cost products.
Monday, January 11th 2010 - 12:33 UTC
Central bank conflict: Argentina’s institutional soundness at stake

Argentina's government filed an appeal this weekend against a court ruling that blocked its plan to use Central Bank reserves to pay debts and ordered the bank president's reinstatement, the Cabinet chief said.
Saturday, January 9th 2010 - 14:15 UTC
Botnia dispute “possibly linked” to burglaries in Uruguayan embassy in Argentina

Uruguayan Foreign Affairs minister Pedro Vaz confirmed Friday that the embassy in Buenos Aires suffered several attacks, burglaries and threats during the last five year period and did not discard it could possibly be linked to the dispute with Argentina over the construction of a pulp mill on a shared border river.
Saturday, January 9th 2010 - 14:13 UTC
Argentine sovereign bond holdouts reject latest payment offer

Argentina's new debt-swap offer to US creditors is “unacceptable” and does not improve on a proposal it made five years ago, the president of the debt-holding group Argentina Task Force, Robert Shapiro, said on Thursday, quoted by French news agency AFP.
Saturday, January 9th 2010 - 08:11 UTC
Clash for Argentina’s Central bank reserves turns into political turmoil

Martin Redrado was “restored” Friday to his post as President of the Argentine Central Bank following an injunction from Federal Judge María José Sarmiento. Redrado had been removed Thursday by President Cristina Fernández de Kirchner through an emergency decree for having resisted releasing 6.6 billion US dollars from the bank’s reserves
Friday, January 8th 2010 - 08:11 UTC
Mrs. Kirchner gets her way and will pay debts with Central bank reserves

Argentine President Cristina Fernandez de Kirchner and her cabinet signed Thursday a disputed decree removing Central Bank President Martin Redrado from office amid a fight over the use of bank reserves to pay debt due this year.