Brazil is willing to help Argentina and Uruguay with the joint monitoring of the River Uruguay which is at the heart of a pulp mill standing dispute between both countries. Argentina and Uruguay Foreign Affairs ministers are scheduled to meet Tuesday in Montevideo to address the issue.
US ratings agency Moody's said that Argentina's debt-swap is unlikely to improve the liquidity profile for corporate issuers even when the highest-rated companies will be able to tap international debt markets and lengthen their debt maturity profiles.
Arianespace will launch the Arsat-1 satellite for Argentine satellite operator Empresa Argentina de Soluciones Satelitales Sociedad Anonima, or Arsat, in mid-2012 under a contract announced June 28 by the Evry, France-based launch services provider.
Argentine president Cristina Fernandez de Kirchner met with PM David Cameron in the framework of G-20 events in Toronto, Canada, but avoided talking about the Falkland Islands sovereignty dispute, according to Argentine media sources.
Honda plans to start manufacturing automobiles in Argentina next year, when the Japanese automaker’s plant in Campana, a city on the outskirts of Buenos Aires, opens, the press reported, citing company executives.
Former president Nestor Kirchner said Argentina needs a “strategic project for the next ten years” and forecasted that investors will arrive knowing the country has an established proven development model.
Argentina’s newly appointed Foreign Minister Héctor Timerman said that China expressed “strong support” for Argentina’s sovereignty claim over the Falklands and other South Atlantic islands, but was disappointed by the bias coverage of the Buenos Aires press.
Argentina's economy grew at its fastest pace in nearly two years in April, expanding 9.7% percent from a year earlier, the government announced on Friday. Increased consumer spending and demand for Argentina industrial products, particularly automobiles, from Mercosur partner Brazil helped to boost the economy.
Argentina has reached an agreement with China to end the freeze on Argentine soy-oil imports, the government said on Friday. However given the cumbersome negotiation process some Argentine traders are waiting for an official confirmation from Beijing.
Argentina’s newly appointed Foreign Affairs minister Hector Timerman begins next Tuesday a round of regional contacts which will take him to Uruguay, Brazil and Chile.