Argentina

Tuesday, August 12th 2008 - 21:00 UTC
Kirchners' Argentina debt rating drops to Paraguay level

Argentina's foreign debt rating was cut Monday by Standard & Poor's from B+ to B, five levels below investment grade and in line with countries such as Jamaica and Paraguay. Concerns over slower economic growth, lower tax revenue and mounting investor mistrust in inflation data which erodes confidence in the government have been decisive for the new rating.
Monday, August 11th 2008 - 21:00 UTC
Argentina to buy 2008/98 bonds to help calm markets

The Argentine government announced the purchase of 2008 and 2009 bonds, --plus interest payments in advance-- in an effort to ease markets which have shown great anxiety over the political situation and economic slowdown of Argentina, particularly last week.
Monday, August 11th 2008 - 21:00 UTC
Kirchners declared solid bank account and 38 properties

Argentina's ruling couple Cristina and Nestor Kirchner assets in the first half of the year increased significantly while the Education minister Juan Carlos Tudesco figures as the richest man in the cabinet, according to their income disclosures published over the weekend in the Buenos Aires press.
Saturday, August 9th 2008 - 21:00 UTC
Malvinas war was a “battle” of ongoing claim, says CFK

The Malvinas war was but a “battle” for the ongoing Argentine claim over the Falkland Islands which has the support of the world's citizenship and Margaret Thatcher, as a citizen of a world military power “will never be able to hide the fact the UK is a colonial country in the XXI century”.
Friday, August 8th 2008 - 21:00 UTC
Argentine Congress discusses Aerolineas re-nationalization

The Argentine Congress began this week to consider President Cristina Fernandez de Kirchner proposal to re-nationalize Argentina's flag air carrier Aerolineas which until last month was under the control of a Spanish group.
Friday, August 8th 2008 - 21:00 UTC
Argentine bond spreads at their highest since 2005

Argentina's government bond spreads', which gauge investors' aversion to risk, widened sharply on Friday as confidence in the economic outlook and the political management of the country began to be questioned.
Wednesday, August 6th 2008 - 21:00 UTC
Argentine vice president cheered by farmers at agro- show

Argentine vice president Julio Cleto Cobos was cheered and congratulated during his surprise Tuesday visit to Argentina's main agriculture show in the Buenos Aires grounds of Palermo.
Wednesday, August 6th 2008 - 21:00 UTC
Argentine farmers and officials agree after months of strife

Argentine farmers and government representatives described their first meeting on Tuesday afternoon after months of corroding stand off and animosity as open, frank, opportune and positive, words which had been absent for months.
Wednesday, August 6th 2008 - 21:00 UTC
Inflation and reliable statistics take front stage in Argentina

The controversy surrounding Argentina's Statistics Office, Indec, has been aired by some of the closest allies of President Cristina Fernandez de Kirchner administration who are also questioning the reliability of the reports, particularly those regarding inflation.
Tuesday, August 5th 2008 - 21:00 UTC
Spanish gas company incorporates local partner in Argentina

Spanish utility Gas Natural announced Monday in Buenos Aires it had agreed to sell 19.6% of its Argentine subsidiary to a local pharmaceutical group Chemo for 56 million US dollars.