
Argentine economic activity grew 4% in August from the same month last year, the government said on Friday, growth that far exceeded market expectations.

Argentina's National Fisheries Coordination Agency reported that the Federal Fisheries Council (CFP) established fishing quotas for hake (Merluccius hubbsi) for the current year: 277,000 tons for the south area (south of parallel 41°SL) and 35,000 tons for the north area (north of parallel 41°SL).

Argentine President Cristina Fernandez candidate for the 27 October mid term election in the crucial Buenos Aires province is trailing by eight points his main rival, Sergio Massa who is leading with 41.2% of vote intention according to the latest public opinion poll released by Poliarquía, one of the country’s most respected pollsters.

Argentina agreed to compensate five companies that won rulings over investment disputes as the country looks for the World Bank to approve 3 billion dollars in loans. The companies agreed to accept payment in dollar bonds and to reduce the principal amount of their awards by 25%, the Argentine economy ministry said Friday in a statement.

Argentina's bio-diesel industry warned it faces collapse if Europe makes good on a threat to impose stiff duties on their product next month. The European Commission earlier this month moved to raise duties on Argentine and Indonesian bio-fuels in response to alleged dumping.

Italy’s tax collection agency says it has formally notified Diego Maradona that it will begin procedures to freeze his assets in Italy to pay off his tax debt of 39 million Euros or 53 million dollars.

Leaders of the Argentine business sector find “positive” that possibilities of Cristina Fernández re-re-election are fading, said FIAT Argentina CEO Cristiano Ratazzi who also questioned the so-called Kirchner development-inclusion model.

“There are no relations, diplomatic relations (between Argentina and Uruguay) are managed by Zanini and me” confessed Uruguayan ambassador in Buenos Aires Guillermo Pomi to Argentine opposition lawmaker Elisa Carrió.

“God willing” Argentine president Cristina Fernandez will be back in full strength anticipated Buenos Aires province governor Daniel Scioli on Thursday unveiling the secrecy that surrounds the head of state since she underwent surgery a week ago to extract a cranium blood clot and has been recovering at the Olivos presidential residency.

The Uruguayan government rejected on Wednesday Argentina’s ultimatum referred to the UPM (former Botnia) pulp mill production expansion, and doubled the bet by proposing a reform of the shared River Uruguay Statute to increase environmental impact standards but also include both margins of the waterway.