Argentina

Saturday, July 13th 2013 - 13:55 UTC
UK confirms policy of no support for World Bank and IADB loans to Argentina

UK Secretary of State for International Development, Justine Greening has confirmed that due to recent actions by the Argentine government she is no longer confident that further investments in Argentina would be consistent with the objectives she laid out in February this year, in an answer to a House of Commons Written Parliamentary Question.
Saturday, July 13th 2013 - 13:34 UTC
Mercosur blasts EU countries over Morales incident and condemn US electronic surveillance

Mercosur leaders agreed on Friday to call home for consultation their ambassadors to Spain, France, Italy and Portugal to protest last week's forced diversion of the Bolivian president's aircraft. They also strongly defended their right to offer asylum Friday, venting anger at claims of US spying in the region while intelligence leaker Edward Snowden's fate hangs in the balance.
Saturday, July 13th 2013 - 13:28 UTC
Cristina Fernandez admits few European countries are a flying option for her

President Cristina Fernandez revealed during the Mercosur summit in Uruguay on Friday that as a result of the judicial dispute between Argentina and the hedge funds, a few countries in Europe are not a flying option for her.
Saturday, July 13th 2013 - 02:24 UTC
“Mercosur has closed its doors to Paraguay”, reacts Asuncion to the Venezuelan presidency of the group

“Mercosur has closed its doors to Paraguay and it’s not good for Latinamerican integration”, was the first reaction from Asuncion after the group announced the presidency for Venezuela and lifting the suspension of Paraguay next 15 August.
Friday, July 12th 2013 - 22:05 UTC
German courts reject petition from hedge fund holders of Argentine debt

German courts have rejected a petition from bondholders related to the Argentine debt 'default', using a similar interpretation based in the 'pari passu' clause that hedge funds pursued in New York which was accepted by Judge Thomas Griesa.
Friday, July 12th 2013 - 20:41 UTC
EU bio-diesel tariffs and China’s policy change threaten Argentina’s soy-oil industry

The export price of Argentine soy-oil has plummeted 21% so far this year, due to new European bio-diesel tariffs and China’s change of policy, putting one of the country's key industries at risk. Argentina is the world's top exporter of soy-oil, which is used to make bio-diesel.
Friday, July 12th 2013 - 08:16 UTC
Mercosur will lift Paraguay’s suspension next August 15, announced Uruguay

This coming August 15, Mercosur will lift the suspension on Paraguay's participations that has held since June 29 2012, Uruguay Minister Luis Almagro announced on Thursday during a meeting of the group’s foreign ministers in Montevideo.
Friday, July 12th 2013 - 08:13 UTC
Argentina: private estimates’ June inflation reached 1.93% and 23.78% in twelve months

Argentina’s June inflation according to the ‘congressional index’ was 1.93%, and 23.78% in the last twelve months, it was announced on Thursday by the opposition members from the Lower House Freedom of Speech committee.
Thursday, July 11th 2013 - 07:26 UTC
Summit in Montevideo could further expose the fragility of a Mercosur turned political

President-elect Horacio Cartes will not make any comments on the ongoing dispute of Paraguay with Mercosur until after the group’s summit in Uruguay next Friday, when official decisions on the subject are expected to be made public. However for both sides any decision will most probably be challenging and ratify that Mercosur has become a political group far from its original trade and investment purposes.
Thursday, July 11th 2013 - 07:22 UTC
Falklands: Ambassador Castro renews sovereignty claims and blasts the US for spying

Argentine ambassador to the United Kingdom Alicia Castro renewed Argentina’s sovereignty claims over the Falkland Islands and put the Edward Snowden spy row on London’s table: “We are free nations that neither need nor want to be spied on,” Castro warned.