Argentina has launched its first offshore bidding round in nearly three decades. The country's energy secretariat published details regarding bidding terms and conditions for public bidding for exploration licenses.
Argentine budget airline Flybondi will go international starting December 17 with a flight between El Palomar in the Greater Buenos Aires area and the Paraguayan capital Asunción. Three days later it will commence serving Punta del Este from El Palomar and also from Córdoba.
Pink Floyd founder Roger Waters is currently on a tour of South America and this week was in Argentina for a first concert in La Plata, and on Thursday the City of Buenos Aires Legislative Council is scheduled to award him a Guest of Honor diploma.
The credit rating agency Fitch lowered the prospects for Argentine sovereign debt to negative, arguing the overall weakness of the economy and an uncertain scenario for fiscal consolidation in coming years.
Automakers in Brazil last month notched their strongest sales in nearly four years, adding to optimism as the auto industry kicked off the biannual Sao Paulo International Motor Show.
The U.S. Commerce Department said it would begin a review of antidumping duties it placed last year on biodiesel imported from Argentina, the Argentine Foreign Ministry said in a statement on Wednesday.
The clothing firm Alpargatas shut down its factory in the Argentine province of Chaco, it was reported Monday. The company made it clear it was not a temporary measure by laying off the entire staff and placing the facilities on sale. Further closures and subsequent dismissals nationwide look imminent.
An “operation error” related to a ventilation valve, called 'Eco-19,' could explain the mystery of the tragedy that befell the ARA San Juan, the Argentine submarine that disappeared almost a year ago with 44-crew members on board. The new details emerged in a report currently being prepared by a commission of experts based inside the Argentine Defense Ministry.
Argentina;'s Catholic Church will gradually renounce the 140-million-peso contribution from the federal government, it was announced Sunday. The funding of that specific cult is set forth in the national Constitution. That money makes for 7% of the Church's budget.
Following the arrests of four people, authorities in Argentina have uncovered how a former president may have used bribe money to buy U.S. properties, including luxury condos in New York City and South Florida.