Argentine president Cristina Fernandez de Kirchner formally requested visiting Secretary of State Hillary Clinton that the United States act as intermediate in the Argentine-United Kingdom Falkland Islands dispute.
President Cristina Fernandez revoked on Monday a controversial “necessity and urgency” decree to tap 6.6 billion US dollars in foreign reserves from the Central Bank to pay debt replacing it with two new decreed to tap about 4.38 billion USD and 2.18 billion USD to pay private and multilateral creditors (World Bank).
United States Secretary of State Hillary Clinton will add Argentina to her Latinamerican tour which begins Monday at the inauguration of Uruguayan president elect Jose Mujica in Montevideo, U.S. officials said on Sunday.
Argentina's ambassador to Australia says Melbourne based mining group BHP Billiton will face business sanctions if it pushes ahead with oil exploration in Falklands waters. BHP has a licence to explore off the Falkland Islands and is scheduled to start doing so in the next four months, reports Australian Broadcasting Corporation.
The Falkland Islands and the political figure of President Barak Obama were among the issues addressed by United States Assistant Secretary for Western Hemisphere Affairs Arturo Valenzuela during a Friday mid day press conference in anticipation of Secretary of State Hillary Clinton’s trip to five countries of the region.
Leaving aside much of the London media rhetoric about a build-up or even a possible re-edition of 1982, between Argentina and the UK over the Falklands and South Atlantic islands sovereignty, The Economist adopts a more common sense and pragmatic attitude about the controversy over oil exploration in the South Atlantic.
Spanish-Argentine Oil Company Repsol-YPF announced Thursday that it will drill for oil in an area near the Falkland Islands beginning next November /December.
Argentina’s Foreign Minister Jorge Taiana as had been anticipated on Wednesday formally asked United Nations Secretary General Ban Ki-Moon to interfere in the unilateral decisions Britain has made regarding the Falklands/Malvinas Islands issue and highlighted that from now on everyone has to wait until Ban acts within a good-solicitor framework.
An Argentine federal court kept a hold on the government’s plan to use 6.6 billion US dollars in Central Bank reserves to pay debt, sending the case to the Supreme Court for a final ruling, Argentina’s Court Information Center Web site said.
Argentina's trade surplus widened 25% in January from the same month a year ago as both exports and imports rose, signalling an economic recovery is underway.