Argentina

• Wednesday, December 4th 2013 - 02:42 UTC

  US Supreme Court hears 2002 case of BG Group against Argentina

  

  The US Supreme Court heard arguments on Monday in the case of a British company embroiled in a legal battle with Argentina, with justices mulling the question of whether an arbitration tribunal has jurisdiction to punish a sovereign state in favor of a private company.

• Wednesday, December 4th 2013 - 01:22 UTC

  Fitch creates an Argentine/Uruguay domestic credit rating branch: FIX-SCR

  

  Fitch Argentina announced this week that industry pioneer Douglas Elespe has become its CEO/Managing Director and new venture partner, and will lead the company's shift to an Argentine and Uruguayan domestic credit ratings business focus under the new name FIX-SCR. The financial terms of the transaction are not disclosed.

• Wednesday, December 4th 2013 - 00:53 UTC

  Commemorative coin: “Tribute from the Argentine People to Pope Francis”

  

  Argentine Lower House passed last week a bill creating a commemorative coin as a tribute to Latin America's first Pope. Lawmaker Oscar Cachi Martinez first proposed the measure in April, and it garnered approval from congressional committees during November. The next step is for the bill to the considered by the Senate.

• Wednesday, December 4th 2013 - 00:30 UTC

  Petrobras finds unconventional petroleum in Argentina's Vaca Muerta shale deposits

  

  The Argentine unit of Brazilian state-controlled oil giant Petrobras said on Monday that it discovered unconventional petroleum in Argentina’s Vaca Muerta formation. The well is part of the Rincon de Aranda concession in Neuquen province, operated by Petrobras Argentina in a 55%/45% partnership with French oil major Total.

• Tuesday, December 3rd 2013 - 21:06 UTC

  Argentines will have to spend summer holidays at home; tourist dollar up 35%

  

  In an attempt to stop the drain of Argentina Central Bank international reserves, the government of President Cristina Fernandez has decided to take the 20% income tax advance to 35% for all credit and debit card purchases made abroad. The move will also involve the purchase of dollars for Argentines travelling abroad with the US currency climbing now to 8.322 pesos.

• Monday, December 2nd 2013 - 18:51 UTC

  Mexico confirms interest in joining YPF to develop of Vaca Muerta shale

  

  Mexico's government owned oil company Pemex is getting closer to an understanding with YPF after playing a crucial role in brokering a deal between Argentina and Spain regarding the April 2012 seizure from Repsol of a majority stake in YPF. Pemex apparently is interested in having a share at the Vaca Muerta oil and gas shale deposits in Patagonian Neuquén.

• Monday, December 2nd 2013 - 16:29 UTC

  Argentina concerned with 'US and UK national debt and monetary basis'

  

  Argentina's cabinet chief on Monday hit back at the United States reacting to comments from the White House on the Argentine central bank reserves saying he was worried about the US and UK debt levels, “the US debt reaches over 100% of GDP”.

• Monday, December 2nd 2013 - 15:22 UTC

  Argentine official devaluation of the Peso could reach 50% in the next six months

  

  The Argentine Peso at the official exchange rate could reach a depreciation of almost 50% by the end of the year at the current rate of erosion, which is also expected to have a downward impact on the parallel market or 'blue dollar, according to local experts.

• Monday, December 2nd 2013 - 12:13 UTC

  Argentina's Malvinas claim reaffirmed by Mercosur associate member, Guyana

  

  Argentina thanked Commonwealth member Guyana for its strong support in the Malvinas Islands question and underlined the excellent bilateral relations in all fields, during the official visit of Foreign minister Carolyn Rodrigues-Birkett to Buenos Aires.

• Saturday, November 30th 2013 - 19:49 UTC

  Panama reaffirms support for Argentina's Malvinas claim and promotes 'friendship groups' at congressional level

  

  Panama Foreign minister Fernando Núñez Fábrega underlined his country's traditional and committed support for Argentina's sovereignty claims over the Malvinas and other South Atlantic Islands and their adjoining maritime spaces, an issue that was discussed during this week's visit to Buenos Aires, a special guest of his peer Hector Timerman.