Argentina

• Friday, December 27th 2013 - 04:58 UTC

  Argentina makes its case to Forbes: 'commitment has been to treat all bondholders equally'

  

  By Cecilia Nahón (*) - The op-ed published on October 21 entitled “Supreme Court Moves Us Closer To Holding Deadbeat Argentina Accountable” openly distorts Argentina´s recent history and the facts surrounding its debt restructuring.

• Friday, December 27th 2013 - 04:52 UTC

  Inflation in Argentine provinces expected to reach over 30% at the end of 2013

  

  Consumer prices in the Argentine province of San Luis climbed 2.9% in November over October, 27.8% over December 2012 and 29.3% in the last twelve months, according to the provincial stats office. San Luis is ruled by dissidents from the ruling Peronist coalition headed by President Cristina Fernandez.

• Friday, December 27th 2013 - 00:16 UTC

  Cristina Fernandez determined to decide on the incumbent candidate for 2015

  

  Argentine president Cristina Fernandez denied point blank any prospects of her running for office for a third consecutive period or any other elected post in the 2015 elections. Member of Congress Carlos Kunkel, considered an 'ultra-Kirchnerite' said on Christmas that at the end of her mandate “Cristina will continue in politics”. However Cristina will apparently decide on the incumbent presidential candidate for 2015.

• Friday, December 27th 2013 - 00:05 UTC

  Over 10m Argentines live in poverty conditions, says Catholic University

  

  Over a quarter of the Argentine population live in poverty conditions, with no formal job, poor quality education, dreadful housing and insufficient healthcare, according to the latest paper from the Buenos Aires Catholic University Social Debt Observatory.

• Thursday, December 26th 2013 - 23:54 UTC

  Argentina’s socioeconomic statistics: still lying after all these years, says The Economist

  

  For years the IMF turned a blind eye as Argentina doctored its inflation index and plumped up its numbers for economic growth. Then last February the fund steeled itself and censured the country, warning it to improve its statistics by September or face potential suspension or expulsion. This threat was unprecedented in the fund’s history.

• Monday, December 23rd 2013 - 13:27 UTC

  Argentina successfully launches rocket; “program to recover defense capabilities”

  

  Argentina successfully launched a research rocket as part of its space program, the Defense Ministry said on Friday. The launch took place on Wednesday from Chamical, in La Rioja province, 880 km northwest of the capital.

• Saturday, December 21st 2013 - 21:22 UTC

  Uruguay Economy minister resigns over scandal involving flag air carrier Pluna

  

  Uruguay's economy minister Fernando Lorenzo resigned on Saturday in the face of questions over the alleged irregular sale of government-owned airplanes following the closure of Pluna, the country's flag carrier, President Jose Mujica announced at a brief press conference, with no questions taken, next to Vice president Danilo Astori.

• Saturday, December 21st 2013 - 05:56 UTC

  Struggle to end with 'shreds of colonialism' (Malvinas) must continue, said Mujica

  

  Uruguayan president Jose Mujica thanked Senator Luis Rosadilla for the gesture of having volunteered to join Argentine forces back in 1982 when the Malvinas conflict broke out and said the struggle for Latin American territory continues and an end to shreds of colonialism is 'a commitment with a motherland still to be constructed and waiting'.

• Saturday, December 21st 2013 - 05:45 UTC

  Falklands' piece published in Uruguay, infuriates Argentine ambassador

  

  Argentine ambassador in Montevideo complained to Uruguay's leading newspaper over an article published in a features magazine referred to the Falkland Islands “Wind from the South” which “completely ignores the international community, and Uruguay's, struggle against colonialism”.

• Saturday, December 21st 2013 - 05:41 UTC

  Argentina imposes 'voluntary' price agreement on 200 supermarket staples

  

  Argentina has negotiated a new inflation-fighting attempt: regulating prices of nearly 200 supermarket staples, scheduled to go into effect January 1, the Commerce Department said Friday. The deal was reached with different chambers and pretends to keep prices unchanged for twelve months.