Argentina

Monday, November 10th 2014 - 08:37 UTC
Argentine president begins ten-day resting period in Olivos

Argentine President Cristina Fernandez de Kirchner was discharged on Sunday from Otamendi hospital where she had been admitted a week ago to be treated for sigmoiditis, an infection of the colon.
Monday, November 10th 2014 - 07:34 UTC
Latam Energy Organization approves statement on “Malvinas sovereignty”

Energy ministers from the Latin American Energy Organization, OLADE, meeting in San Salvador approved last Friday a statement on “Malvinas Islands sovereignty” referred to the “illegal hydrocarbons exploration and exploitation undertaken in the Islands surrounding waters”, points out a release from the Argentine Foreign ministry.
Sunday, November 9th 2014 - 10:46 UTC
Argentina's car production, domestic sales and exports in free-fall

Registrations for new vehicles in Argentina fell 40% in October compared to the same month in 2013, according to the latest study by commercial sellers' group ACARA. The chamber revealed that 52,983 cars were registered over the past month, against 59,099 in September and 88,948 last October.
Sunday, November 9th 2014 - 10:35 UTC
Argentine bondholders file for 'me too' at Judge Griesa's court: claims reach 6.5bn

Argentina told New York district judge Thomas Griesa that bondholders filed 25 lawsuits since June, when the judge ordered blocking the country's from paying its restructured debt without also paying a group of holdouts, Bloomberg news has reported.
Saturday, November 8th 2014 - 10:12 UTC
Brazilian central bank concerned about 'persistent inflation' reveal minute

Brazil's Central Bank is concerned about inflation, now running at 6.75%, according to the minutes of last week meeting of the policy committee, released on Thursday.
Saturday, November 8th 2014 - 09:52 UTC
Cristina Fernandez on control of government 'through e-mails and messages'

While she waits to be discharged from the Otamendi private medical clinic, Argentine President Cristina Fernández continues to monitor all government decisions and actions. “She sends us indications through e-mails and messages,” Industry Minister Débora Giorgi revealed on Thursday.
Friday, November 7th 2014 - 23:08 UTC
English court involved in Argentine bonds dispute with hedge funds

A London court gave Argentine “holdout creditors” in New York a two-week window on Thursday to challenge declarations sought by a powerful group of investors in a dispute over interest payments worth about 226 million Euros. The payments involve Euro-denominated Argentine bonds which were issued under English law.
Friday, November 7th 2014 - 22:51 UTC
Argentina targets yet another US company on alleged tax fraud

US corporation firm General Electric has “over-invoiced” imports in a financial maneuver designed to access additional dollars in the official foreign exchange market, claimed Argentine Cabinet Chief Jorge Capitanich. GE thus becomes the second large US company in less than a week to face accusations of financial trickery in order to obtain economic benefits.
Thursday, November 6th 2014 - 21:50 UTC
Falklands oil industry regulated by UK North Sea standards, one of the highest in the world

The elected government of the Falkland Islands has strongly refuted remarks by Argentine official 'Malvinas Secretary' Daniel Filmus, published in The Guardian, in which he states that hydrocarbons activities in the Falklands are environmentally reckless, and describes Filmus words as “yet another example of the Argentine's government futile efforts to damage the Falklands economy”
Thursday, November 6th 2014 - 07:52 UTC
YPF manages significant increases in output and profits in the third quarter

Argentina's state-controlled oil firm YPF hydrocarbons' production in the third quarter increased by 15.4% from a year earlier to 573,000 b/d of oil equivalent (boe/d). The rise in production translates into a 13.9% increase from a year earlier for the first nine months of the year to 553,000 boe/d.