Argentina

• Tuesday, November 15th 2016 - 10:12 UTC

  It stays in the family: CFK's mother involved in irregularities

  

  Ofelia Wilhelm, mother of former Argentine President Cristina Fernandez, is under judicial investigation for alleged irregularities worth millions of pesos to a firm of which she was a partner.

• Tuesday, November 15th 2016 - 09:55 UTC

  Conference in Buenos Aires: Snowden fears domestic intelligence will spread in US under Trump

  

  Former US spy agency contractor Edward Snowden said on Monday, that Donald Trump's election may increase the intrusiveness of domestic intelligence gathering and warned that the democratic checks and balances were losing ground to authoritarianism.

• Tuesday, November 15th 2016 - 09:40 UTC

  ANCAP's Carboclor sinks deeper, goes after sale or merger

  

  Losses increase from US $ 9 million by mid year to US $ 14 million in September due to contraction of domestic demand, the fall in international prices and the percentage of ethanol cut in gasolines.Carboclor, ANCAP's subsidiary in Argentina, shows no sign of recovery in its most recent balancesheet as production fell below “normal levels” caused by financial shortcomings which in turn led to a decrease in the inflow of raw materials to the refinery in Campana in the province of Buenos Aires. Shutting down the plant for 25 days is being considered as a partial solution.

• Tuesday, November 15th 2016 - 09:02 UTC

  Trump promises Argentina, a great country, “the closest relation in history”

  

  “Argentina is a great country” and Argentina and the US will have “the closest relation in history”, according to the official version from the administration of president Mauricio Macri who on Monday was on the phone with president elect Donald Trump to congratulate him on his presidential victory.

• Tuesday, November 15th 2016 - 08:40 UTC

  Cristina Fernandez demands the immediate start of oral trial proceedings in the dollar futures case

  

  Argentine ex president Cristina Fernandez has desisted from appealing her prosecution on charges of fraudulent administration in detriment of the Argentine state in the so called “dollar futures” case involving the Central bank sale of US currency and demands an immediate oral trial.

• Monday, November 14th 2016 - 08:54 UTC

  Lousteau to leave Washington before Trump's inauguration

  

  The move is seen as a token of exchange following the Argentine government's open decision to support Hillary Clinton. Martín Losteau, who was also economy minister under Cristina Fernandez, ran for Mayor of Buenos Aires last year and lost to the Macrist candidate Horacio Rodríguez Larreta, wants to race again in 2019.

• Monday, November 14th 2016 - 08:04 UTC

  Kirchner years “downed” more aircraft than the 1982 Falklands conflict

  

  The dismal state of the Argentine armed forces was revealed by Defense minister Julio Martínez who claimed that the ten/twelve Kirchner years “downed” more Air Force aircraft than those lost during the South Atlantic conflict in 1982.

• Monday, November 14th 2016 - 07:31 UTC

  Argentina looks forward to a good relation with president Trump, who is no longer “candidate Trump”

  

  Argentina has an excellent relation with the Obama administration and this will be the case with a government led by Trump, pointed out Argentina's cabinet secretary Marcos Peña adding that the first signals from the elected president are positive since he is moderating his electoral campaign speech.

• Saturday, November 12th 2016 - 21:24 UTC

  Trump wave keeps Merval on the fall for a total 9.25% drop in a week

  

  The index of the leading shares of the Buenos Aires stock market returned to adjust results in 3.51% and accumulated thus four rounds of losses for a total drop of 9,25% sice Monday. The Merval started the week with 17,257.56 points and dropped Friday to 15,659.74 points, with significant decreases except for Tenaris, which managed to stay away from the trend of US-based businesses thanks to a positive balancesheet produced last week.

• Saturday, November 12th 2016 - 20:48 UTC

  Argentine bishops call for a “Christmas in Peace” and public and private responsibility

  

  The chair of the Argentine Episcopal Conference (CEA) Monsignor Jose Maria Arancedo renewed his call to the leadership of the country, political, social, unions and business, to leave aside special interests and act responsibly for the good of the country, at “a very difficult moment” so that “we can all enjoy Christmas in Peace”