Argentina

• Friday, September 5th 2008 - 21:00 UTC

  Aerolineas costing Argentina 1 million USD daily to operate

  

  The Argentine Congress authorized this week the purchase of the country's air flag carrier Aerolineas Argentinas and subsidiary Austral which are under the control of Spanish tourism group Marsans. But the process is far from over and operational debts keep mounting.

• Thursday, September 4th 2008 - 21:00 UTC

  Argentina takes over flag air carrier from Spanish group

  

  Argentina's Senate voted on Wednesday night the nationalization of flag air carrier Aerolíneas Argentinas, privatized 18 years ago and lately managed by the Spanish group Marsans.

• Thursday, September 4th 2008 - 21:00 UTC

  Furious stranded commuters torch trains in Buenos Aires

  

  Angry commuters have set fire to train carriages on Thursday in metropolitan Buenos Aires to protest morning rush hour delays. The police reported several arrests and the Argentine government blamed leftist activists for the incidents.

• Tuesday, September 2nd 2008 - 21:00 UTC

  Argentina yields to creditors: cancels Paris Club debt

  

  Argentina will repay its 6.7 billion US dollars of pending debt with the Paris Club group of creditors, seeking to ease companies' access to financing as growth slowed and growing signals from risk rating agencies indicated the country was heading for a default scenario if no changes were implemented to economic policies.

• Monday, September 1st 2008 - 21:00 UTC

  Argentina: Sector profits squeezed by rising costs

  

  Rising fuel prices, tax and wage increases, and market instability in terms of the future has stoked great concern and uncertaintly among those involved in the national fishing sector.

• Monday, September 1st 2008 - 21:00 UTC

  Argentine farmers resume protest and march on Congress

  After the four-month conflict with the Argentine government over the hike in grains and oilseeds export duties, farmers began protesting again last week in the interior of the country demanding an end to President Cristina Fernandez de Kirchner administration's inaction.

• Monday, September 1st 2008 - 21:00 UTC

  Argentina to present Antarctic and insular sea bed claims

  

  Argentina will be making a formal presentation before United Nations claiming Antarctic sea bed sometime in early 2009 it was announced this weekend in Buenos Aires. The issue is back in the headlines following the UK's claim presentation involving St Helena and Ascension islands in the mid Atlantic.

• Monday, September 1st 2008 - 21:00 UTC

  Wall Street back steps on the risks of an Argentine default

  

  Wall Street investment banks downplayed the risks of an Argentine default even with lower soy prices, a slowing down of the economy and soaring inflation. The announcement from Morgan Stanley, UBS and Barclays Capital follows weeks of speculation that Argentina was technically on the verge of another financial disaster.

• Monday, September 1st 2008 - 21:00 UTC

  Corporate Argentina criticizes gov for double digit inflation

  

  With August gone and inflation estimates for the month in the range of 1.6 to 2.2% corporate Argentina has joined the bandwagon and is warning about the impact of double digit prices for consumers, industry and unions trigger clauses.

• Sunday, August 31st 2008 - 21:00 UTC

  Buenos Aires City, more expensive for foreigners

  

  Due to the inflation, estimated between 10 and 20 percent and to the drop in the dollar's value, Buenos Aires City is more expensive than last year, but it still ranks among the cheapest cities in the world for foreigners, according to a international survey on the cost of life carried out by Mercer pollsters.