According to the Argentine Industrial Union (UIA), industrial production in the country fell 3.4% in April compared to the same month of 2013. Considering the first four months of 2014, the industry dropped 2.2% versus the same period last year.
World manufacturing is in a phase of steady growth due to the improved financial condition of industrialized countries, especially in Europe, and China’s continued growth, the United Nations reported on Wednesday.
Argentina and Brazil finally on Wednesday in Buenos Aires a deal for automotive trade between the two nations, which will be valid until July 2015 and aims to revive the sector which has seen heavy falls in activity (and jobs) since the beginning of this year.
Floods have killed nine people and driven tens of thousands of people from their homes while swelling rivers to record levels in southern Brazil and neighboring Paraguay and Argentina, authorities said Tuesday.
Argentine President Cristina Fernández had strong words for the UK government, as she headed on Tuesday the inauguration of the Malvinas Museum at the ex-ESMA detention centre, where thousands were illegally held prisoners and tortured during Argentina’s 1976-1983 military dictatorship.
The government of President Cristina Fernandez reiterated Argentina’s “unalienable right” over the Malvinas Islands and urged the United Kingdom to resume negotiations over the disputed territories. The Ministry of Foreign Affairs described the British government refusal to continue talks as “incomprehensible and inadmissible.”
A strike of dock workers in Argentina's grains and oilseeds export hub Rosario was holding on Tuesday for the second day running 126 ships, which are queuing and waiting to load.
The investigation hearing into Argentine Vice President Amado Boudou's alleged involvement in the Ciccone print-works case, came to a close for the day on Monday after the politician declared for over five hours. With strong security from the moment he arrived and left the court room, he was also profusely insulted by a crowd that had gathered outside.
The Iguazu National Park in Argentina has taken precaution measures and closed access to the Devil's Gorge of the world famous Iguazú falls because of an imminent rise in water levels after the Itaipu and Yacireta dams announced they will be forced to increase the outflow.
New York judge Thomas Griesa rejected last week a request by hedge fund investor Paul Singer to chide Argentina over its apparent “best option” plan to default on all its debt should it lose its last-chance appeal later this week before the US Supreme Court.