Argentina

• 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.

• Thursday, January 7th 2010 - 17:27 UTC

  Former Argentine ambassador in Montevideo praises Uruguay’s “three Joes”

  

  The Argentine government accepted on Wednesday the resignation of its ambassador in Uruguay, Hernan Patiño Meyer who has been involved in a political controversy following comments praising Uruguayan president-elect Jose Mujica.

• Thursday, January 7th 2010 - 17:17 UTC

  Political standoff in Argentina over sacking of Central Bank president

  

  A political standoff over the head of Argentina's central bank materialized Wednesday after the bank's president declined to support a plan to use 6.5 billion US dollars in reserves to pay debt.

• Thursday, January 7th 2010 - 17:13 UTC

  Argentina expects record corn yield and exceptional sorghum crop

  

  Argentina, the world’s second-largest corn exporter could increase output by more than 42% this year from initial estimates as spring rains boost yields to a record, the country’s main corn growers group said.

• Thursday, January 7th 2010 - 17:05 UTC

  Argentina opens “dirty war” files except those related to South Atlantic conflict

  

  Argentina declassified and has made public all documents and information related to military activities for the period extending from 1976 to 1983 when the country was ruled by the Armed Forces, However decree 4/2010 excludes all information and documents related to the South Atlantic (Falklands/Malvinas) conflict and any other inter-state conflict”.

• Thursday, January 7th 2010 - 16:47 UTC

  Puerto Madryn cruise industry faces bleak future

  

  Puerto Madryn in Argentine Patagonia expects a considerable fall in the number of cruise calls following Norwegian Cruise Lines decision to stop operating in the Valparaíso/Buenos Aires tour in the next 2010/2011 season.

• Wednesday, January 6th 2010 - 11:18 UTC

  Buenos Aires Mayor tossed his hat into the Argentine presidential ring

  

  Buenos Aires City Mayor Mauricio Macri tossed his hat into the 2011 Argentine presidential ring by saying that it would be a “boyhood dream” to face off against ex-president Néstor Kirchner next year. “We are building a candidacy” he underlined.

• Tuesday, January 5th 2010 - 13:06 UTC

  Argentina’s inflation third highest in the world, say private consultants

  

  Private consultants estimate that Argentina’s inflation in 2009 and in spite of the devalued government statistics was the third highest in the world behind the Democratic Republic of Congo and Venezuela.