Argentina

• Thursday, May 29th 2014 - 06:07 UTC

  Buenos Aires City households need 1.300 dollars per month; 25% don't make that sum

  

  A family living in Argentina's capital, Buenos Aires needs 10.454 Pesos to make it to the end of the month, according to the city's stats and census office. The average household refers to a couple with two children, that pays rent and does not include transport, private education or health care.

• Thursday, May 29th 2014 - 05:37 UTC

  Argentina announces an understanding with the Paris Club on defaulted debt

  

  Following twelve hours of discussions the Argentine delegation headed by Economy Minister Axel Kicillof managed on Wednesday to agree the main points for Argentina to overcome the approximately 9.5bn dollars default with countries that make up the Paris Club, according to late reports from the French capital.

• Thursday, May 29th 2014 - 00:35 UTC

  Three Latam presidents among Forbes list of 25 most powerful women

  

  Brazil, Argentina and Chile presidents figure among the list of the 25 most powerful women in the world according to the latest release from Forbes. Dilma Rousseff ranks in fourth place, Cristina Fernandez 19 and Michele Bachelet, 25. Only nine heads of state figure in the 100 names list.

• Wednesday, May 28th 2014 - 22:12 UTC

  Seven years and 650 million dollars later, Argentine icebreaker Irizar still under repairs

  

  The Argentine government is putting pressure on contractors so that the Navy's flagship icebreaker Almirante Irizar, partially destroyed by fire in 2007, can begin sea trials later this year. However over-costs and mismanagement of the funds invested, estimated at over 650 million dollars, could have purchased a new vessel of three second hand according to critics in Congress.

• Wednesday, May 28th 2014 - 08:40 UTC

  Five killed as small plane goes down in the River Plate coast; four survived

  

  A small plane crash landed on Tuesday into the Río de la Plata river with nine passengers on board. Four of them were successfully rescued and transferred to hospitals in Buenos Aires and Uruguay, and at least five people were reported dead.

• Tuesday, May 27th 2014 - 08:48 UTC

  UK physics professor fired from US university for conviction in Argentina on drugs

  

  University of North Carolina-Chapel Hill has fired the 70-year-old physics professor who was arrested in 2012 after flying to Argentina to meet the woman who he thought was a former Miss Bikini World and instead was arrested by drug agents after getting entangled in a scheme to smuggle two kilos of cocaine.

• Tuesday, May 27th 2014 - 08:42 UTC

  Argentina promises no gas shortage this winter, but industry has already suffered the first cuts

  

  Argentina's Planning minister Julio De Vido guaranteed publicly on Monday that there will be no gas cuts next winter (21 June), while Energy Secretary Daniel Cameron described the “situation as the best in the last four years”.

• Tuesday, May 27th 2014 - 08:34 UTC

  Argentina in another negotiating round with the Paris Club of creditors

  

  Argentina's Economy Minister Axel Kicillof has assured that progress has been made with creditors in the Paris Club as the politician left Monday evening for France in preparation for talks with the financial institution over restructuring Argentina's debt, estimated in 9.5bn dollars.

• Monday, May 26th 2014 - 21:15 UTC

  Shrimp saves the day for Argentine seafood exports in first four months

  

  Argentina seafood exports totaled 116,738 tons during the first four months of the year, which shows an increase of 2.9% over the same 2013 period in 2013, when 113,419 tons were shipped abroad. Strong shrimp exports helped offset lower volumes of fish.

• Monday, May 26th 2014 - 08:24 UTC

  Argentine industrial activity drops 4.2% in April; auto industry hit by lower sales

  

  After a decade of growth, the Argentine government faces this year a decline as industrial output falls and a high inflation rates hits consumer spending and new investment. The Argentine economy grew steadily recovering from a 2001-2003 debt crisis and expanded 3% last year but it stumbled in the fourth quarter and could slid into a recession at the start of this year.