Argentina

• Thursday, October 24th 2013 - 07:59 UTC

  Cristina Fernandez is 'doing fine', but must continue with 30 days of rest and no stress

  

  Argentine president Cristina Fernandez had a “neurologic-image control” test on Wednesday late evening at the Favaloro Hospital in Buenos Aires, following surgery last 8 October to remove a cranium blood clot. It was her first exit since 13 October when she was discharged from hospital and sent to the Olivos presidential residence for a strict 30 day rest-recovery period ordered by her medical team.

• Thursday, October 24th 2013 - 07:54 UTC

  'Parallel dollar holiday' in Argentina until after Sunday's election is anticipated

  

  Despite a full-fledged crackdown on the 'cave-exchanges' in the financial sector of Buenos Aires the 'parallel' US dollar ended Wednesday trading as on the previous day at 10.05 Argentine Pesos while the official rate stood at 5.82 Pesos (buying price) and 5.87 Pesos (selling price).

• Thursday, October 24th 2013 - 07:36 UTC

  Consortium led by Total to invest 1.2bn offshore Tierra del Fuego for natural gas

  

  France's Total will lead a 1.2 billion dollars project to produce natural gas off the coast of Tierra del Fuego in the extreme south Argentina. In partnership with Wintershall AG and Pan American Energy LLC, they will drill as deep as 5.5 kilometers in the Vega Pleyade field, according to Javier Rielo who heads the project.

• Thursday, October 24th 2013 - 07:19 UTC

  Argentina takes full control of railway line following a second crash in 18 months

  

  Argentina took full control of another railway commuter line following the latest crash last week that left over a hundred people injured at the same Once station where in a similar accident 18 months ago 52 were killed and dozens suffered serious injuries.

• Wednesday, October 23rd 2013 - 20:55 UTC

  BP to supply the bulk of Argentina's natural gas demand in 2014 and 2015

  

  Argentina's state-run energy firm YPF has picked BP to supply the bulk of its liquefied natural gas (LNG) needs in 2014 and 2015 following a major recent tender, according to media sources in Buenos Aires. Energy short Argentina last month launched its annual tender to secure approximately 5.57 million tons of LNG over the 2014-2015 period to help cover its energy needs.

• Wednesday, October 23rd 2013 - 20:51 UTC

  Wheat shortage in Argentina has seen bread prices skyrocket; Buenos Aires ton price is double Chicago's

  

  In the last few days the Argentine news media has been focusing on the fact that there does not seem to be enough wheat or corn to go around, which is driving prices higher and causing concern for the users of these grains. This is particularly true for bakeries which have been forced to charge soaring prices for bread.

• Wednesday, October 23rd 2013 - 16:24 UTC

  Argentine consumers expect Inflation in the next twelve months to average 31.3%

  

  Expected inflation in Argentina for the next twelve months is on average 31.3% according to the monthly survey from the Torcuato Di Tella University, UTDT. However the monthly expectation dropped 1.6 percentage points compared to September in all regions of Argentina.

• Wednesday, October 23rd 2013 - 16:22 UTC

  Monsanto and its glyphosate weed-killer embroiled in controversy in Argentina

  

  Monsanto Co. is calling for more controls on agrochemicals, including its Roundup line of glyphosate-based weed-killers, in response to an Associated Press report about concerns that illegal pesticide applications are harming human health in Argentina.

• Wednesday, October 23rd 2013 - 04:01 UTC

  Lady Cristina is out of combat but on Sunday's election could reap more than anticipated

  

  With less than four days for Sunday’s midterm elections in Argentina, Buenos Aires province Governor Daniel Scioli called on “undecided” and independent voters to cast their ballot for President Cristina Fernandez Victory Front (FpV) top candidate Martín Insaurralde “in favor of the province and the country.”

• Wednesday, October 23rd 2013 - 01:36 UTC

  US dollar in Argentina reached 10 Pesos ahead of Sunday's mid-term election

  

  The US dollar in Buenos Aires reached on Tuesday 10 Argentine Pesos (buying price) and 10.05 pesos (selling price) in the informal market, 15 cents higher compared to its last closing price, pushed by the tourist sector, and as the government crackdown on the so called city “exchange caves” eased up.