Argentina

• Tuesday, May 14th 2013 - 18:58 UTC

  Argentine inflation controversy: court vindicates private stats agencies

  

  An Argentine appeals court threw out the fines that Domestic Trade Secretary Guillermo Moreno had slapped on private firms that issued inflation estimates that were much higher than the government’s official rate.

• Tuesday, May 14th 2013 - 18:50 UTC

  UK MoD challenges statistics on suicides among Falklands’ veterans

  

  The claim that more Falklands veterans have killed themselves since the war ended than died in action is not borne out by statistics, a study says. Some 255 UK personnel died in action, but a veterans group has said the suicide toll since 1982 exceeds that.

• Tuesday, May 14th 2013 - 06:49 UTC

  Whitewashing draft bill and Moreno have US ‘blue’ dollar market in Argentina flat

  

  Trading of the ‘blue’ or parallel dollar in Argentina remained flat on Monday for a second day following last week’s events when the 10 Pesos barrier was broken and the government reacted with a tax amnesty or whitewashing draft bill promising all dollar assets holders a new clean record and no questions asked if they turn their greenbacks into government bonds or promissory notes.

• Tuesday, May 14th 2013 - 05:35 UTC

  Falklands’ linked scientist who helped identify ozone layer hole has died

  

  The British Antarctic Survey scientist Joe Farman, who helped identify the “hole” in the ozone layer over the southern pole, has died. Dr Farman who was also a scientific officer at the Falkland Islands Dependency Survey, published the discovery with Brian Gardiner and Jon Shanklin in the Journal Nature in 1985.

• Monday, May 13th 2013 - 22:34 UTC

  China to the rescue of Argentina with a 10 billion dollars equivalent swap

  

  Argentina is negotiating with China a new 10 billon dollars equivalent swap of international reserves support based on the experience of 2009 when the global financial crisis. The new accord should theoretically help Argentina strengthen its international position vis-à-vis the run on the dollar (or the flight from the Peso) and which has cost the Central bank 4 billion dollars so far this year.

• Monday, May 13th 2013 - 04:45 UTC

  Falklands: MPs blast Spanish MEP for comments on the Islands sovereignty

  

  A senior British member of Parliament blasted as ‘outrageous’ claims that the European Parliament does not recognize British sovereignty over the Falkland Islands. The case first surfaced when MercoPress reported that a Spanish member of the European parliament on a recent visit to Argentina said that “British sovereignty over the Islands as such is not accepted”.

• Monday, May 13th 2013 - 04:39 UTC

  Malvinas' globe in UK stores triggers strong reactions from Falklands’ veterans

  

  It’s not the first time it has happened mainly in Argentina where maps, stationery, climate and navigational charts and even school books related to the Islas Malvinas have been found referred and printed as the Falkland Islands to the fury of the Kirchner ‘Penguin’ governments.

• Saturday, May 11th 2013 - 05:50 UTC

  Argentina’s whitewashing bill could attract “around 5 billion dollars”

  

  The head of Argentina’s Lower House Budget and Finance Committee and former Finance minister Roberto Feletti said that the whitewashing bill should allow the entrance of “around 5 billion dollars” into Argentina’s market. For the MP, the government is “fighting a historic battle to block” what he called a “market coup.”

• Saturday, May 11th 2013 - 05:49 UTC

  Argentina’s ‘blue dollar’ yields on expectations but still above 10 Pesos

  

  The so called ‘blue dollar’ traded in Argentina’s parallel market ended on Friday just above 10 Pesos after having reached record highs earlier in the week (10.55 Pesos) and following the Thursday announcement of a tax amnesty bill and other ‘whitewashing’ financial instruments.

• Saturday, May 11th 2013 - 05:47 UTC

  Argentine government insists a ‘blue dollar’ at 6.50 Pesos is the target

  

  Argentina’s Secretary of Domestic Commerce Guillermo Moreno wants to bring the foreign exchange black market ‘back in line’ using new dollar securities the government plans to issue locally as part of a major tax amnesty plan, according to Alfredo Piano, Chairman of Banco Piano SA.