Argentina

Thursday, February 24th 2011 - 07:31 UTC
US/Argentina incident stalled: “we are waiting for a satisfactory response”

After the US Department of State official Philip Crowley tweeted that his country “wanted his (seized) stuff back,” the Argentine Foreign Ministry issued Wednesday a press statement in which it assured that it still awaits “a satisfactory response” to the formal complaint sent to the US embassy.
Thursday, February 24th 2011 - 07:20 UTC
After 22 years Repsol-YPF delists from the NY Stock Exchange

Spanish-Argentine energy company Repsol-YPF officially informed the U.S. Securities and Exchange Commission of its decision to de-list from the New York Stock Exchange, where its shares had been traded for almost 22 years.
Thursday, February 24th 2011 - 07:06 UTC
Argentina’s industrial output up 10.3% in January over a year ago

Argentina’s industrial output climbed 10.3% during January compared to the same month in 2010, according to the Indec national statistics bureau. The volume reported was higher than the one expected by analysts, who had announced an 8.1 percent increase of the Industrial Monthly Estimator (EMI) in January.
Thursday, February 24th 2011 - 03:27 UTC
Argentina insists trade restrictions “in no way represent an obstacle for Mercosur partners”

Argentine Industry Ministry officials assured Wednesday that non-automatic licenses currently being applied to imports “in no way represent an obstacle for our Mercosur partners” and they have been implemented to monitor imports from outside the region.
Wednesday, February 23rd 2011 - 07:13 UTC
Indian tractor manufacturer plans to mount assembly plant in Argentina

India’s manufacturer of International Tractors (Sonalika brand) is in advanced negotiations with Argentina-based company Apache for the establishment of a 25 million US dollars assembly plant in the South American country as part of a regional campaign.
Wednesday, February 23rd 2011 - 06:50 UTC
US Supreme Court rejects Argentine appeal to unfreeze assets held in trust

The US Supreme Court on Tuesday rejected Argentina's appeal in its long-running legal effort to unfreeze some assets held in trust since 2007, following on its roughly 100 billion US dollars debt default five years earlier.
Wednesday, February 23rd 2011 - 06:45 UTC
Fourth quarter unemployment in Argentina down to 7.3%, says Indec

Argentina's unemployment rate fell to 7.3% in the fourth quarter of 2010, according to a Tuesday release from the country’s national statistics institute, Indec. Argentine President Cristina Fernandez de Kirchner had announced the number informally in a speech last week.
Tuesday, February 22nd 2011 - 07:00 UTC
Malvinas basin oil exploration scheduled to begin first half of 2011

Repsol-YPF plans to start deepwater exploration off the coast of Tierra del Fuego in the Malvinas basin are expected to begin before the end of the first half of 2011, according to company’s sources.
Tuesday, February 22nd 2011 - 06:58 UTC
Pan American Energy, --partly Chinese owned--, keeps expanding in Argentina

Argentina's Pan American Energy will sign a deal later this month to buy Exxon Mobil local downstream unit Esso, turning the company into a fully integrated oil and gas producer. Pan American Energy is a unit of Bridas Corp., which is jointly owned by Argentina's Bulgheroni family through Bridas Energy Holdings and China's Cnooc Ltd.
Tuesday, February 22nd 2011 - 06:42 UTC
Argentina has ignored Mercosur rules and is now harvesting the benefits

Even when Uruguay and Brazil are in the course of reaching understandings with Argentina regarding the latest trade restrictions to be implemented by President Cristina Fernandez de Kirchner administration, ‘which are not targeted against Mercosur members’, the Brazilian press presents another angle.