Argentina

• Tuesday, June 9th 2015 - 07:49 UTC

  Argentina is paradise: poverty below 5% rate Cristina Fernandez tells the world

  

  Argentine President Cristina Fernández sparked controversy on Sunday when in a speech before the FAO conference in Rome, she endorsed widely disputed government figures on poverty, saying the rate was “below five percent,” adding that destitution in the country stood at 1.27%. If this was correct Argentina's poverty rate is below that of OECD rich league members.

• Monday, June 8th 2015 - 08:32 UTC

  YPF strikes shale gas in Vaca Muerta; initial production 43.000 m3day

  

  Argentina's government managed energy company YPF said on Sunday that it turned up a new promising shale gas deposit in its giant Vaca Muerta field in the south of the country.The find, in the Patagonian province of Neuquen, suggests there is likely much more gas in the vast but barely tapped Vaca Muerta field, YPF said.

• Monday, June 8th 2015 - 08:25 UTC

  “Argentine Malvinas question” support group has a branch in Saudi Arabia

  

  Argentina is seeking the support of Saudi Arabia in its dispute with the United Kingdom over the Falkland Islands sovereignty. This was the appeal of the country's Ambassador Jaime Sergio Cerda during a seminar recently on the matter at his residence in the Diplomatic Quarter of Riyadh, reports Arab News.

• Monday, June 8th 2015 - 07:49 UTC

  Francis receives Cristina Fernandez, but is criticized for mingling in Argentine politics

  

  Argentine President Cristina Fernandez was received on Sunday in the Vatican by Pope Francis for an encounter that lasted almost two hours, in the fifth meeting between the pontiff and head of state since the ex-Buenos Aires archbishop was elected to the Holy See. The meeting however was not without criticism from Buenos Aires.

• Monday, June 8th 2015 - 07:36 UTC

  Argentine financial watchdog claims banks actively collude to take money out of the country

  

  Argentina's head of the Financial Information Unit (UIF) watchdog, José Sbatella has accused major banks of not just participating, but actively organizing operations to move capital out of the country. The official made reference to ongoing cases involving capital flight against worldwide financial powerhouses HSBC, BNP Paribas and JP Morgan, in an interview published in Página 12.

• Saturday, June 6th 2015 - 10:02 UTC

  For a world in distress, “the answer is Latin America” argues Argentine ambassador in London

  

  The Argentine ambassador in the UK, Alicia Castro, was one of the main speakers invited to an event yesterday which included the discussions “another world is possible” and “against foreign intervention in Latin America”. Dozens of activists from across the UK expressed their support for a range of Latin American causes.

• Saturday, June 6th 2015 - 08:00 UTC

  Argentine debt climbed 5.4bn of Friday following Griesa's ruling favoring 'me too' bond holders

  

  Argentina must pay US$5.4 billion to more than 500 “me-too” holders of defaulted debt before it can pay the majority of its creditors, a US judge ruled on Friday. Argentina anticipated it would appeal the ruling.

• Friday, June 5th 2015 - 06:33 UTC

  Falklands: Cristina Fernandez met Snowden in Moscow to talk about UK spying on Argentina, reveals BAH

  

  President Cristina Fernandez met with former US National Security Agency (NSA) contractor Edward Snowden when she visited Moscow in April, according to the Buenos Aires Herald. Snowden became world famous when in 2013 when he revealed the extent of Washington’s global Internet and phone surveillance.

• Thursday, June 4th 2015 - 09:06 UTC

  “No one can teach us how to make the economy grow”, blasts Cristina Fernandez

  

  In a speech broadcasted live on Argentine national television and radio, President Cristina Fernández used most of the time to praise her government’s achievements insisting no one “can give us lessons on how to make the economy grow” and highlighting the role of the State.

• Thursday, June 4th 2015 - 08:45 UTC

  IMF gives Argentina more time to remedy quality of official CPI and GDP data

  

  The International Monetary Fund extended the period given to Argentina to remedy its local statistical measurement tools, while recognizing the country has made advancements in the matter. The IMF directive board met on Wednesday in Washington to assess Argentina's statistical indexes.