Argentina

Thursday, January 11th 2007 - 20:00 UTC
Pulp mills dispute: banks retain “Oust Botnia” stamped Argentine bills

Hundreds of bank clients in the Argentine city of Gualeguaychú suffered the effects of the ongoing battle of this city against the construction of pulp mills in neighboring Uruguay when bills with the inscription “Oust Botnia” were retained by cashiers.
Thursday, January 11th 2007 - 20:00 UTC
Successful launching of Argentine built satellite in India

An Indian rocket carrying an Argentine satellite as well as three others was launched to space Wednesday placing all four successfully in orbit.
Wednesday, January 10th 2007 - 20:00 UTC
Pickets playing cat and mouse with Buenos Aires ferry terminal

Officials from the Buenos Aires-Uruguay ferry shuttle company renewed their call for confidence among passengers following an informal “intelligence gathering” operation by picketers who are protesting the construction of a pulp mill in Uruguay and have promised “disruptions” this coming Friday.
Tuesday, January 9th 2007 - 20:00 UTC
Argentine reserves yield a record of nearly 1.4 billion dollars in 2006

Argentina's Central Bank in 2006 obtained nearly 1.4 billion dollars out of investing its foreign currency reserves at a yearly yield of 5.7 percent ÃÂ¢€“ the highest since a crippling five-year recession ended in 2002 ÃÂ¢€” and close to the 1.47 billion dollars the country reportedly spent last year in subsidies to keep inflation under two digits.
Tuesday, January 9th 2007 - 20:00 UTC
Argentine anchovy fishery may damage South Atlantic ecosystem

The indiscriminate Argentine anchovy (Engraulis anchoita) fishing in the southern zone of Argentina could inflict serious damage to Magallanic penguins, whales, seals and sea lions population numbers, warned a study published in prominent scientific magazine Science.
Monday, January 8th 2007 - 20:00 UTC
Lavagna with “slim” chances of beating incumbent candidate

Former Argentine Minister of Economy Roberto Lavagna could become “the main opposition candidate” but his chances of winning October's presidential elections are “slim” said a reputed Argentine political analyst and public opinion polls expert
Saturday, January 6th 2007 - 20:00 UTC
Kirchner's obsession with one digit inflation and subsidies

Argentina managed in 2006 to keep inflation below the two digits (9.8%) as promised earlier in the year, but the Buenos Aires press reveals the cost of such an achievement: the equivalent of 1.47 billion US dollars in Treasury handouts to keep the most sensitive items in the consumers and wholesales indexes in line with the target.
Saturday, January 6th 2007 - 20:00 UTC
Argentina, Mexico in deal to boost trade by 350 million dollars

A new accord between Argentina and Mexico has come in force as from January 1st whereby they increased to about 1,500 the number of bilateral trade products with a sliding scale that will lead to zero tariff in ten years time, Argentina's Foreign Affairs ministry said.
Saturday, January 6th 2007 - 20:00 UTC
Argentine peso, 25% below “equilibrium exchange point”

Five years after the melting of the Argentine economy and one of the country's major financial setbacks including a massive devaluation, Argentina has the least valued currency against the US dollar, according to a panel of economists from J P Morgan investment bank.
Friday, January 5th 2007 - 20:00 UTC
Lavagna makes official his presidential candidacy

Argentina's former Minister of Economy Roberto Lavagna announced Thursday he would be running for the presidency in next October's election with the purpose of offering an “overcoming alternative”.