Argentina

• Thursday, May 9th 2013 - 04:56 UTC

  Argentina: Dollar kept climbing on Wednesday and reached 10.45 Pesos

  

  Despite the tax amnesty bill and investment options pledged by the government of President Cristina Fernandez, the dollar kept climbing in Argentina. After breaking the key psychological barrier of 10 Pesos to the dollar on Tuesday, the “blue” dollar which trades on the parallel market climbed again on Wednesday another 37 cents to reach 10.45 Argentine Pesos.

• Thursday, May 9th 2013 - 00:13 UTC

  Falkland Island's self-determination: Queen out of touch with reality, says Argentina

  

  “The Queen is not aware that we are in the XXIst century and she follows the colonialist tradition of the United Kingdom”, claimed Argentine Senator Daniel Filmus, the first reaction to the Queen’s strong message in support of the Falkland Islands and Gibraltar right to determine their political futures.

• Wednesday, May 8th 2013 - 19:48 UTC

  Reassurance for Falklands and Gibraltar

  

  By Harold Briley from London - The Falkland Islands and Gibraltar have been reassured by the British Government that it will protect their right to choose their own way of government. The pledge was contained in the Government’s programmer and new laws for the forthcoming session of Parliament, outlined in the traditional Queen’s Speech to both Houses of Parliament.

• Wednesday, May 8th 2013 - 09:51 UTC

  Argentina offers tax amnesty for undeclared dollars and assets in the country and overseas

  

  The administration of President Cristina Fernandez announced the drafting of a bill intended to establish a recovery plan for undeclared assets within the country and abroad in order to strengthen the level of foreign reserves of the Central Bank. The government estimates Argentines hold 160bn dollars outside the financial system in the country and overseas.

• Wednesday, May 8th 2013 - 09:23 UTC

  Argentines keep travelling overseas despite the ‘dollar clamp’ and the ‘Coca Cola formula’

  

  Despite the ‘dollar clamp’ and other obstacles to purchase the US currency in Argentina, the number of Argentines travelling abroad increased by 8% last March in comparison to the same period the year before although they spent 6.2% less than in 2012, it was reported by the National Statistics Bureau (INDEC).

• Wednesday, May 8th 2013 - 02:44 UTC

  Dollar in Argentina breaks 10 Pesos barrier, despite Cristina Fernandez and her “I want to leave” minister

  

  The ‘blue’ or parallel dollar in Argentina beat a new record on Tuesday by breaking the 10 Pesos milestone and ending trading at 10.08 Pesos. The official rate meantime remained relatively stable and closed at 5.16 and 5.21 Pesos (buying and selling price).

• Tuesday, May 7th 2013 - 09:28 UTC

  IMF again warns Argentina about protectionist and foreign currency exchange policies

  

  The International Monetary Fund Director for the Western Hemisphere, Alejandro Werner, warned on Monday about the “negative effect” that the existence of two foreign currency exchange markets and protectionist policies bring to Argentina.

• Tuesday, May 7th 2013 - 08:42 UTC

  Falklands/South Georgia dispute placed by Argentina under the CCALMR umbrella

  

  The Buenos Aires media is reporting a potential incident situation in South Georgia waters which could erupt into something more complicated from the moment the Argentine research vessel ‘Eduardo Holmberg’ has been involved in scientific activities in a zone which last year was declared by the UK as a Maritime Protected Area, MPA, and which Argentina does not recognize since it considers it ‘an area in dispute’.

• Tuesday, May 7th 2013 - 05:49 UTC

  Cristina Fernandez pledges ‘no Peso devaluation’, but markets are not convinced

  

  In a clear signal to the markets, President Cristina Fernández de Kirchner strongly rejected on Monday a possible devaluation of the Argentine Peso and targeted sectors advocating for such a measure, as she warned that “those hoping to profit from it will have to wait for a different Government.”

• Monday, May 6th 2013 - 07:27 UTC

  Falkland Islands: “British sovereignty over the Islands as such, is not accepted by the European Parliament”

  

  “British sovereignty over the Malvinas Islands as such is not accepted by the European Parliament”, according to a visiting delegation of EU lawmakers who met with their Argentine peers in Buenos Aires.