Argentina

Friday, August 21st 2009 - 11:04 UTC
Argentine exports forecasted to drop 20%, but 2010 is a promising year

The global recession will have an impact on Argentine exports which are forecasted to fall an estimated 20% this year to 55 billion US dollars, compared to last year. However since imports have also plummeted the trade surplus in July grew 35% (1.3 billion) totalling 11.2 billion US dollars in the first seven months of the year.
Thursday, August 20th 2009 - 16:05 UTC
Argentina and Brazil moving towards “financial integration”

Argentina and Brazil signed Wednesday an agreement to swap domestic currencies for the equivalent of a total 1.8 billion US dollars, which could be used to increase international reserves. The accord was described as an important effort towards “financial integration” in the framework of Mercosur.
Thursday, August 20th 2009 - 15:46 UTC
Buenos Aires tragic rock club manager convicted to 20 years in prison

Argentina's Court of Justice on Wednesday convicted and sentenced a club owner to 20 years in prison for a deadly club fire that killed 194 people but absolved the band that had played the night of the tragedy.
Wednesday, August 19th 2009 - 12:24 UTC
Some positive signs for Argentine industrial activity in spite of poor data

Argentine industrial activity during July plunged for the tenth month running going down 9.5% compared to a year ago, and accumulates so far this year a contraction of 8.7%, according to a private financial consultant group based in Buenos Aires.
Wednesday, August 19th 2009 - 12:20 UTC
Honduras breaks diplomatic relations with Argentina

Honduras suspended diplomatic relations with Argentina on Tuesday in retaliation for having its ambassador expelled from Argentina last week. The move stems from tensions between the two countries over the June 28 coup in which Honduran President Jose Manuel Zelaya was replaced by congressional leader Roberto Micheletti.
Wednesday, August 19th 2009 - 12:10 UTC
Catholic Church insists 40% of Argentines live in poverty

The Argentine Catholic Church insisted on Tuesday that 40% of the population is poor or living below the poverty line and the gap between rich and poor is “scandalous”. The statement comes when Argentine bishops are meeting in Buenos Aires,
Tuesday, August 18th 2009 - 13:03 UTC
US media sets eyes on Argentina’s “manipulation of numbers”

Argentina’s Statistics Institute controversy was joined Sunday by a most reputable newspaper, the Washington Post that called Indec numbers a ”manipulation (...) done under pressure from above”.
Tuesday, August 18th 2009 - 07:55 UTC
Malvinas Families will inaugurate Argentine Memorial next October

The Commission of Malvinas war Families confirmed to the Buenos Aires press that the Argentine Memorial at the Falklands’ Darwin cemetery will be inaugurated next October in two consecutive Saturdays. An advance party to coordinate the events is expected in the Falkland Islands at the end of the month.
Tuesday, August 18th 2009 - 07:28 UTC
Argentina faces the worst squid season in years

With only two weeks left, Argentina is facing the worst squid season in years forcing jiggers to abandon the fisheries given the poor catches.
Monday, August 17th 2009 - 12:31 UTC
It is official: Argentina’s economy contracted in May and June

Argentina's economy officially contracted in May and June for the first time since the economic crisis in 2001 and 2002 which led to a massive default, according to the latest release from the official statistics office, Indec.