Argentina

• Monday, November 3rd 2008 - 20:00 UTC

  Argentine top model accused of evading 2 million USD in taxes

  

  Argentine international top model Valeria Mazza and husband Alejandro Gravier are under investigation by Argentina's Revenue Service, AFIP, for alleged tax evasion to the tune of two million US dollars, according to the Buenos Aires press.

• Sunday, November 2nd 2008 - 20:00 UTC

  Argentina abstains from joint naval exercises with Chile

  For the second year running the Argentine Congress denied authorization for Navy personnel and units to leave the country to participate in the joint Viekaren exercises with the Chilean Navy in the southern seas, which have been held regularly since 1999.

• Friday, October 31st 2008 - 20:00 UTC

  Argentina reacts angrily to S&P debt rating downgrade

  

  Argentina Economy Ministry sources reacted angrily to a debt ratings downgrade by Standard & Poor's on Friday saying it was “another mistaken decision”. S&P downgraded Argentina's foreign-currency rating to “B-” from “B”.

• Thursday, October 30th 2008 - 20:00 UTC

  Argentine bank stabilizes Peso but uncertainty prevails

  

  Argentina's peso closed Thursday trading at 3.39 to the US dollar, similar to Wednesday when the Central bank intervened with a billion US dollars in support of the local currency to stem a two-week slide sparked by concern the country will default.

• Sunday, October 26th 2008 - 20:00 UTC

  Argentina: F1 burns rubber on Bs. Aires 9 de Julio Avenue

  

  In an splendid sunny afternoon, Scottish Formula One driver David Coulthard raced his Red Bull yesterday on the 9 de Julio Avenue in front of 80,000 fans who attended the free show downtown to watch a Formula One car in action for the first time in 10 years.

• Sunday, October 26th 2008 - 20:00 UTC

  UK/Arg chamber praises departing Ambassador Hughes

  

  British Ambassador in Argentina John Hughes, who ends a four-year mission here this month, was given the warmest of farewells by the British-Argentine Chamber of Commerce (CCAB) earlier this week in the stately surroundings of the ex-mansion wing of a Buenos Aires downtown hotel.

• Friday, October 24th 2008 - 20:00 UTC

  Argentina furious with Uruguay's veto to Mr. Kirchner

  

  Argentina described as “injurious” Uruguay's decision not to support former Argentine president Nestor Kirchner candidacy to the chair of the Union of South American Nations, Unasur, in spite of the fact he was virtually the only hopeful.

• Thursday, October 23rd 2008 - 20:00 UTC

  Argentine contagion helps Madrid market plummet 8%

  

  Shares in Spanish companies with investments in Argentina slumped on the Madrid bourse on Wednesday after proposals to nationalize the country's pension funds were announced.

• Thursday, October 23rd 2008 - 20:00 UTC

  Argentine Navy tests successfully mid range missiles

  

  The Argentine Navy successfully launched two ground-air mid range Aspide missiles, according to an official release on Wednesday from the Ministry of Defence.

• Wednesday, October 22nd 2008 - 20:00 UTC

  Private pension funds nationalization shocks Argentina

  

  Argentine President Cristina Fernandez proposed Tuesday a government takeover of nearly 30 billion US dollars in private pension funds, saying pensioners must be protected from the global financial crisis.