Argentina

Tuesday, November 5th 2013 - 07:07 UTC
Clarin group presents plan to divide media assets in six different companies

The Argentine media group Clarin presented a plan Monday to divide its media assets into six different companies to comply with a controversial media antitrust law. The move was announced shortly after the head of the authority set up to enforce the law offered assurances that the group would be allowed to keep its most valuable TV and radio licenses.
Tuesday, November 5th 2013 - 07:01 UTC
Argentina oil and gas output continues to fall; YPF reports a better performance

Despite all the efforts and new incentives implemented by the administration of President Cristina Fernandez, Argentina's oil and gas production to August compared to last year's eight months continues to decline although at a slower rate: 2.76% and 6.57% respectively, according to the latest figures released by the Energy Secretary.
Monday, November 4th 2013 - 06:01 UTC
Botnia/UPM controversy: Argentina retaliates delaying Uruguayan exports

Argentina's clash with Uruguay over the Botnia/UPM pulp mill has led to furious retaliations from Buenos Aires severely limiting trade and not allowing Argentine exporters to make use of the port of Montevideo for transshipment.
Monday, November 4th 2013 - 05:54 UTC
Cristina Fernandez wants Argentine tourists to remain and visit Argentina

The administration of President Cristina Fernandez is preparing a package of measures in an attempt to further impede the outflow of hard currency, mainly US dollars, for which it is planning to establish a double exchange rate system. The measures target tourism, a bill of 8 billion dollars which has become dearer than the energy deficit.
Monday, November 4th 2013 - 05:48 UTC
Argentina will continue with its policy of 'containing' imports, says Moreno

Argentina Secretary of Domestic Trade Guillermo Moreno anticipated that the current policy implementing obstacles to contain foreign trade will continue to promote the domestic market and production, and ”because I follow the orders from the President (Cristina Fernandez)”.
Monday, November 4th 2013 - 05:43 UTC
Uruguay extends UPM pulp mill production license for another three years

The Uruguayan government announced it has renewed until 2016 Botnia/UPM pulp mill license so it can continue with production since it complies with the necessary environmental requisites and is committed to the additional standards demanded, said Housing and Environment minister Francisco Beltrame.
Monday, November 4th 2013 - 05:38 UTC
Malvinas: Panama reaffirms support for Argentina; disregards links with Falklands

Panama reaffirmed its support for Argentina and its sovereignty claim over the Falklands/Malvinas Islands following on a complaint from Buenos Aires regarding a trip of Panamanian lawmakers to the Islands invited by the local government
Sunday, November 3rd 2013 - 03:18 UTC
US appeals court rules in favor of Argentina; rejects lift of stay requested by hedge funds

A US appeals court said on Friday it would leave a freeze in place on an order requiring Argentina to pay 1.33 billion dollars to bondholders suing for full face repayment in the wake of the country’s 2002 default.
Sunday, November 3rd 2013 - 01:12 UTC
Former Paraguayan president ambassador in Argentina to improve 'Mercosur links'

Former Paraguayan president Nicanor Duarte Frutos is scheduled to arrive this week in Buenos Aires where he will be taking the post of ambassador in Argentina one of the most politically important for the land-locked country.
Saturday, November 2nd 2013 - 21:03 UTC
Mujica says Argentina's attitude in Mercosur is 'insular' and shatters integration

Uruguay President José “Pepe” Mujica questioned Argentina’s recent decision to stop freight transfers at ports belonging to Mercosur countries Buenos Aires has no maritime agreements with. Mujica blasted an “insular” position that “shatters” regional integration.