US financial and anti-money laundering regulations have increased the cost of doing business with US banks to such an extent that Latin American businesses are turning to European financial institutions, Argentina's central bank chief said yesterday.
Fiat and Tata announced in Milan, Italy the expansion of their strategic co-operation with their first industrial project outside India. Fiat will build a Tata bakkie (with Fiat badges) at its plant in Córdoba, Argentina, under an agreement that followed a feasibility study started in July 2006.
Three major cruise vessels with 10.000 tourists called in Buenos Aires over the weekend signaling a peak for the current season.
Argentina detected the presence of dangerous Asian fungi in soybean cultivations in the province of Santa Fe the second oilseed producing area of the country, reported the Agriculture Health and Quality National Service, SENASA.
Argentina has successfully emerged from one of the worst recessions in its history, and the economy has been growing at a fast pace since 2003, according to a World Trade Organization Secretariat report on the trade policies and practices of Argentina released this week.
Argentina's basic food basket consumed by the average family jumped 2.59% last January over December, which is more than double the official consumer prices index for the first month of 2007.
Unemployment in Argentina for the first time in thirteen years dropped below two digits to 8.7% in the last quarter of 2006 according to Senator and First Lady Cristina Fernandez de Kirchner currently visiting France.
President Nestor Kirchner administration is unfailingly heading towards populism and the accumulation of so much power in two or three people plus having the Executive control the other branches of government is highly negative for Argentina, said French political scientist Alain Touraine.
The Norwegian flagged Nordkapp which ran aground in the South Shetlands Islands at the end of January has caused no environmental damage and no traces of pollution have been found at or around Deception Island according to a release from the Norwegian Coastal Voyage cruise company.
Argentine president Nestor Kirchner tried Thursday to disengage this week's rise in the country's risk rating and drop in sovereign bonds, from the controversy over the ousting of the head of the Statistics and Census Office (INDEC) responsible for calculating inflation.