Two main opposition umbrella trade unions and other organizations protesting Argentina's economic policies paralyzed the country on Tuesday in the first general strike since President Cristina Fernandez took office five years ago.
The Falkland Islands government complained on Tuesday that the Chairman of the UN Decolonization Committee, Ambassador Diego Morejón Pazmiño is not acting with the impartiality that his role demands and revealed a letter, which remains unanswered, inviting the ambassador to visit the Falklands matching his informative trip to Argentina on the sovereignty of the Islands dispute.
Argentina’s three main organized labour groupings, and in opposition to Argentine president Cristina Fernandez, have called for a national strike on Tuesday which counts with the support of several tens of camp and city organizations plus hundreds of pickets in the main cities ‘to ensure there is no activity’.
Spanish oil company Repsol has pressed charges against Chevron over “disloyal competition”, after the US company reached an agreement with its former Argentine branch YPF to conduct explorations in the Vaca Muerta reservoir, a company spokesman announced.
Repsol Chairman Antonio Brufau has expressed his determination to reach a solution on compensation for the nationalisation of its shares in YPF, and says that he is willing to take the matter to an international court level to ensure a fair amount is paid.
“The only possibility” Argentina contemplates regarding its debt is “to honour all payments” of creditors that entered debt swaps after the sovereign default of 2001, said Economy minister Hernan Lorenzino who underlined that Argentina “cannot and will not enter in default”.
Argentina asked a US judge late Friday night to maintain his order blocking payment on defaulted sovereign bonds to holdout investors until lingering questions are settled in a higher court's appeals process.
Argentine farmers will increase soy planting by almost 4% following a year of bad global crop weather. In the first soybean area estimate of the 2012/13 season, the Argentine Agriculture Ministry said 19.4 million hectares will be sown in the weeks ahead compared to 18.7 million hectares in 2011/12.
Argentina announced on Friday that the International Tribunal for the Law of the Sea proposed November 29 and 30 as the days to hold the hearings between Argentina and Ghana over the seizure of the ARA Libertad Frigate at Ghana's Tema Port.
The Argentine Navy said that repair works in the corvette ARA Espora, which has been stranded in South Africa for over five weeks “are 65% completed” and denied there were any debts pending with the German company that is responsible for the maintenance of the MEKO class corvettes as was reported earlier in the Buenos Aires press.