Argentina’s GDP expanded 9.4% in the first half of the year compared with the same period in 2009, according to the latest release from the country’s Statistics Institute, Indec. But inflation is becoming a greater challenge as the country moves into presidential electoral year 2011.
After a lack of agreement in Chile over the extradition of ex guerrilla member Sergio Apablaza, Argentina President Cristina Fernández de Kirchner said that the meeting held with President Sebastián Piñera was an “excellent” one, during declarations made to seemingly minimize the situation.
CNOOC, Ltd, China’s biggest offshore oil explorer, may bid 10.2 billion USD for BPs 60% stake in Argentina’s Pan American Energy LLC and will probably seek a partner in the acquisition, Citigroup Inc. said.
Argentina and South Korea signed on Thursday a memorandum of understanding (MOU) for bilateral collaboration in the nuclear sector. The MOU sets forth that the two nations will discuss concrete cooperation plans to build a new nuclear plant in Argentina and to repair the country's existing heavy water reactors.
United nations Secretary General Ban Ki-moon congratulated Argentina for having been chosen to preside as of next year the G77 plus China group, anticipating Buenos Aires could act as a “bridge” with the G 20 group to which it also belongs.
The Argentine press confirmed that following the contracting of a semi-submersible rig from the Swedish company Stensa, a consortium of Argentine based oil companies will begin exploratory drilling in the Malvinas basin next December.
Argentine extreme militants belonging to a self proclaimed “Patriotic resistance” have taken over the Panama flagged Audax II docked in the port of Buenos Aires, which they allege was originally Argentine but lost to the British during the 1982 Falkland Islands conflict.
Standard & Poor's raised on Monday its long-term foreign currency credit rating on Argentina by one notch, to B from B-minus, citing declining debt levels and an improving economy in 2010.
Former Argentine president left Los Arcos hospital Sunday a few minutes after 20:00 hours next to his wife President Cristina Fernandez de Kirchner. A presidential press officer said the Argentine leader would be leaving at 23:00 hours given the “satisfactory evolution” of the emergency angioplasty he underwent Saturday night.
Former Argentine President Nestor Kirchner is back in the Los Arcos hospital with heart trouble. There were no immediate announcements from the government, but according to the local Noticias Argentinas news agency, the husband of President Cristina Fernandez de Kirchner Fernandez underwent an angioplasty after he was rushed to a clinic in the capital late Saturday night with numbness in his legs.