Brazil is to top the world soybean production league for the first time, thanks to the incentive to farmers provided from resilient prices and a weak Real, overtaking the US, whose hopes have been dented by drought.
The Secretary General of the Organization of American States (OAS), José Miguel Insulza, was received in a private audience by Pope Francis in Vatican City and by the President of Italy, Giorgio Napolitano, in the framework of a visit to Rome at the invitation of the Italianaeuropei to give a lecture during the commemoration of the 40th anniversary of the military coup in Chile.
Argentine Defence Minister Agustín Rossi and his Brazilian counterpart Celso Amorim issued a joint statement with cyber-defence taking the centre stage of the bilateral agenda, during the official ceremony at the Libertador building, seat of the Defence ministry in Buenos Aires.
Argentina’s oil and gas corporation YPF CEO Miguel Galuccio admitted that the ‘energy deficit’ of Argentina has become a serious challenge since the country has started to face a serious shortage of light oil for refining.
Argentina’s legal representation in Washington DC yesterday sent a petition for a writ of certiorari to the United States’ Supreme Court, requesting Justices to accept its appeal against the Second Circuit Court of Appeal’s ruling in favour of holdout hedge funds, which are demanding full repayment for bonds left unpaid by Argentina’s record-breaking 2002 default.
A British Conservative Member of Parliament Henry Smith labeled Argentine president Cristina Fernandez as ‘disgraceful’ for how she has treated the people of the Falkland Islands and also claimed she stopped an Argentine prosecutor from testifying before the US congress on the Buenos Aires 1994 bombing of an Israelite mutual association in order to protect a growing alliance with Iran.
Argentina’s flag carrier Aerolíneas Argentinas will have this year an operational deficit of 250 million dollars, approximately 12% of sales, but a sharp decrease from the 640 million loss last year, said CEO Mariano Recalde addressing Senate Budget, Finance, Infrastructure, Housing and Transport committees.
Javier Figueroa head of the Malvinas Desk at the Argentine Foreign ministry said that it is strategic to make the “Malvinas question” a Latinamerican issue. Figueroa made the statement during a meeting of Central America and Caribbean Malvinas Solidarity groups which opened Thursday in Havana.
The Inter-American Development Bank (IDB) approved a conditional credit line for 1.2 dollars billion to finance a program to improve metropolitan railroads in Argentina. The Bank also approved the first loan in the credit line for 300 million dollars for the Plaza Constitucion-La Plata branch of the General Roca railroad, which will benefit 2.4 million people in the Buenos Aires metropolitan area.
Argentina's economy is expected to grow 6.2% next year, while GDP in 2013 is forecasted to expand 5.1% boosted by a massive grains harvest and the automobile industry, Economy Minister Hernan Lorenzino said on Thursday while presenting the 2014 budget bill before Congress.