Mexico has withdrawn a zero-tariff agreement with Argentina on autos in a tit-for-tat trade dispute after the Argentine government's decision to pull out of an auto trade pact between the two countries.
Argentine automobile production fell 12% in June from the previous month and plunged 34.4% from a year earlier, according to an industry trade group. The auto industry produced 52,983 vehicles in June compared with 60,206 units in the previous month and 80,795 a year earlier.
An Argentine court has sentenced former dictator General Jorge Videla to 50 years in jail for stealing babies from political prisoners. There were also heavy penalties for other military officers involved in the practice.
The Argentine Central Bank announced on Thursday it will officially ban the purchase of dollars for savings, the latest in a series of measures to discourage the buying of greenbacks.
An issue of Argentine 100 Pesos bills printed in Brazil and in circulation in Buenos Aires was discovered to be missing the “1” which left them with only the double 00.
Argentina’s Cabinet Chief Juan Manuel Abal Medina asked for “responsibility” to safeguard “the present and the future of the Argentines and urged people to preserve the achievements of the Government, as he answered questions of the administration during a visit to the Lower House on Wednesday.
In a further attempt to prop the economy and promote investment funding Argentine President Cristina Fernández, CFK, announced on Wednesday that via the Central Bank, “the twenty A-class banks in the country will be obligated to give out loans,” in order for investment to be made on goods and services.”
Argentine Defence Minister Arturo Puricelli currently on a visit to Beijing underlined defence cooperation with China and said the “Hong Kong model” was a significant precedent for “the Malvinas cause”.
The odds that Argentina's economy will enter a recession in the second half of this year held above 95% for a second consecutive month in the closely followed monthly leading indicator published by Torcuato Di Tella University, UTDT.
Argentina exported 142.405 tons of fish and shellfish valued at 423 million dollars in the first five months of 2012, according to official statistics from the National Health Service and Food Quality, Senasa.