Argentina

• Monday, February 2nd 2009 - 20:00 UTC

  Ushuaia consolidates as south hemisphere cruise hub

  

  With 396 cruise vessel calls this season Ushuaia in the extreme south of Argentina's Tierra del Fuego confirms its hub condition for the industry in the southern hemisphere, according to local authorities.

• Thursday, January 29th 2009 - 20:00 UTC

  Argentina swaps 4.3 bn USD local debt for long term bonds

  

  Holders of 15.1 billion pesos (4.3 billion US dollars) of Argentine local debt agreed to swap the securities for longer-term bonds in an exchange the government set up to help cover its growing financing needs.

• Wednesday, January 28th 2009 - 20:00 UTC

  Drought forces Argentine soy crop estimate down 16%

  

  The extreme drought conditions which most of Argentina's rich farmland is suffering will have an impact on the soybean crop that is now estimated in the range of 40 million tons, down 16.7% from the previous crop according to the Argentine Association of Agriculture experimentation regional consortia, AACREA.

• Tuesday, January 27th 2009 - 20:00 UTC

  Drought-devastated Argentina declares camp emergency

  

  The Argentine government declared on Monday an agricultural emergency in areas affected by the worst drought to hit the country in four decades and which has extended to most of the country's farmlands.

• Tuesday, January 27th 2009 - 20:00 UTC

  Record capital flight from Argentina last year: 23 billion USD

  

  Money leaving Argentina trebled in 2008 compared to the previous year and was 23% higher to the great capital flight of the second half of 2001 and first half of 2002 which totalled 18.7 billion US dollars and triggered the collapse of the banking system and melting of the economy, according to a report in La Nacion.

• Friday, January 23rd 2009 - 20:00 UTC

  Argentina/Venezuela ratify strategic, political alliance

  

  Argentina and Venezuela signed on Thursday twenty one cooperation agreements on a range of fields, particularly agro-industry, energy and medical supplies, consolidating the strategic and political alliance between both administrations dating back to 2003.

• Friday, January 23rd 2009 - 20:00 UTC

  Tricky coincidences of Mrs. Kirchner's overseas agenda

  

  The tricky coincidences of Argentine president Cristina Fernandez de Kirchner diplomatic calendar agenda could again leave her exposed: next April 2nd, which marks the beginning of the Falkland Islands conflict in 1982, will have her in London for a top global economic summit hosted by British PM Gordon Brown.

• Thursday, January 22nd 2009 - 20:00 UTC

  Low prices high costs threaten Argentine squid industry

  

  Argentina's squid sector is “hopeful, yet concerned” about the season which is scheduled to begin in a few days time, said Fernando Georgiadis, chairman of the country's Chamber of Jigger Vessels, CAPA in an interview with FIS.

• Thursday, January 22nd 2009 - 20:00 UTC

  Argentina's crude output down for seventh year running

  

  Argentina's oil production fell for the seventh consecutive year in 2008, declining 1.8% to 230 million barrels, according to a report from an economic consulting firm cited Wednesday in the Buenos Aires press.

• Thursday, January 22nd 2009 - 20:00 UTC

  Petrobras averaged 2.4 million bpd output during 2008

  

  Brazilian government managed energy giant Petrobras produced an average of 2.4 million barrels per day of crude and natural gas at its operations inside and outside Brazil in 2008, an increase of 4.3%, or roughly 100,000 barrels of oil equivalent per day, compared to 2007.