Argentina

• Thursday, September 12th 2013 - 01:42 UTC

  S&P downgrades Argentina’s credit rating to the level Cyprus and Egypt

  

  Argentina’s long-term sovereign foreign currency credit rating was cut one level by Standard & Poor’s, which cited a US Appeals Court ruling that prevents the country from honouring its debt without also paying holders of defaulted bonds in full.

• Thursday, September 12th 2013 - 01:20 UTC

  Argentina inflation in August according to congressional index: 2.11%

  

  Inflation in Argentina during August climbed 2.11% and 25.2% in the last twelve months according to the release from the Congress Freedom of expression commission. The so called Congressional index is an average of private consultants that have been intimidated from making public their estimates by the government of President Cristina Fernandez.

• Tuesday, September 10th 2013 - 19:49 UTC

  Argentina ‘inflexible’ on Uruguayan pulp mill expansion; Cristina and Mujica could meet in New York

  

  Argentina promised to be ‘inflexible” with the UPM pulp mill on Uruguayan territory, if it tries to increase production as it has requested, thus again opening a new controversy with Uruguay which has pledged to answer the (2011) expansion request in the last week of September. Presidents Cristina Fernandez and Jose Mujica are scheduled to meet in Buenos Aires at the end of the month.

• Tuesday, September 10th 2013 - 01:14 UTC

  Steady advance of Cristina Fernandez leadership’s contender in latest polls

  

  Sergio Massa, mayor of Tigre in suburban Buenos Aires who is disputing Argentine President Cristina Fernandez leadership of the ruling movement by running for the Lower House in representation of the province of Buenos Aires, leads comfortably with 40% of vote intention according to the latest public opinion released on Sunday.

• Tuesday, September 10th 2013 - 00:37 UTC

  Paraguayan president Cartes visits Cristina Fernandez in Buenos Aires

  

  Paraguayan president Horacio Cartes is expected in Buenos Aires on Tuesday, following an invitation from his Argentine peer Cristina Fernandez, which will be his first overseas bilateral trip since taking office 15 August.

• Monday, September 9th 2013 - 02:42 UTC

  Does Cristina Fernandez have time to combat the scourges of insecurity and inflation?

  

  In 2006 a year before Cristina Fernandez took office as president for the first time, Argentine public opinion was concerned with unemployment (25%) and insecurity (25%) while corruption stood at 5% and inflation 1%. However seven years later insecurity and inflation are paramount with 34% and 13%, corruption 8% and employment concern is down to 7%.

• Monday, September 9th 2013 - 02:36 UTC

  Argentina, Uruguay and Venezuela fall dramatically in WEF Competitiveness ranking

  

  The World Economic Forum Competitiveness report published last week shows Latinamerica is loosing ground in the world economy and the three countries which most plunged in the ranking in the last twelve months were: Venezuela, Argentina and Uruguay.

• Monday, September 9th 2013 - 02:33 UTC

  Former foreign minister Taiana returns to politics next to Cristina Fernandez

  

  Argentine former foreign minister Jorge Taiana was named candidate to lead President Cristina Fernandez’ Victory Front to the Buenos Aires City Legislature. Although Taiana’s name had been rumoured, the move was the biggest surprise in the countdown to the Saturday midnight deadline to register candidates to run in October’s mid term election.

• Monday, September 9th 2013 - 02:29 UTC

  Cristina Fernandez now refers to the IMF chief as “Madame (Christine) Lagarde”

  

  IMF Managing Director ‘Madame (Christine) Lagarde’ had words of support for Argentina’s position in the dispute with ‘vulture’ (hedge) funds during an informal encounter with Argentine officials on the sidelines of the recent G20 summit in Russia.

• Monday, September 9th 2013 - 02:19 UTC

  Falklands’ Premier Oil joins Argentina’s ‘black list’ of companies ‘illegally’ operating in Malvinas waters

  

  United Kingdom’s Premier Oil PLC has been incorporated to the black list of companies banned by Argentina from operating in the country because of its hydrocarbons ‘illegal and clandestine’ activities in the continental shelf next to the Malvinas Islands without the competent authorization.