Argentina

Monday, January 28th 2013 - 06:02 UTC
Hedge funds insist in New York court Argentina must pay defaulted bonds

Hedge fund investors who refused to join two sovereign debt restructurings by Argentina urged a US court in New York to force the country to pay them.
Monday, January 28th 2013 - 05:26 UTC
Argentina/Iran ‘Truth Commission’ to resolve 1994 bombing of Jewish centre in Buenos Aires

“Memorandum of Understanding” including the creation of a “Truth Commission” between the governments of Argentina and the Islamic Republic of Iran and intended to resolve the 1994 terrorist bombing of the Argentine-Jewish Community Centre AMIA in Buenos Aires was signed on Sunday according to the Argentine Presidential web site.
Sunday, January 27th 2013 - 02:03 UTC
With Argentine navy’ honour lying on her side, Minister Puricelli could be next official removed

The Argentine government has removed two top naval officers from their duties following the sinking, this week at her moorings pier-side of the destroyer “Santisima Trinidad” once the flagship of the service and which was actively involved in the invasion of the Falklands in 1982.
Saturday, January 26th 2013 - 20:44 UTC
Mercosur/Paraguay controversy reaches EU/CELAC summit in Chile

Chile confirmed that Paraguay finally decided not to attend the EU/CELAC summit in Chile putting an end to a controversy when it emerged that several Mercosur and Unasur members insisted that the landlocked country should not be invited.
Friday, January 25th 2013 - 17:48 UTC
Argentina easing imports’ restrictions mainly for Mercosur associates

The government of President Cristina Fernandez has decided to revoke non-automatic licensing requirements which had been placed on certain products before they could be imported into Argentina for consumption, according to a resolution published Friday on the Official Gazette. But earlier in the week Argentina increased the import tariff on a hundred products to the maximum authorized by WTO, which is 35%.
Friday, January 25th 2013 - 07:49 UTC
Brazil’s Vale suspends ‘indefinitely’ 6bn potash project in Argentina

Brazil’s government managed Vale and the world’s third-largest mining company, suspended works at its 6 billion dollars potash project in Argentina indefinitely. A suspension at the Rio Colorado potash project in the Argentine province of Mendoza since last month will be maintained, the Rio de Janeiro-based company said in an e-mail.
Friday, January 25th 2013 - 07:43 UTC
Argentina’s industrial production down in 2012, first time in a decade

Industrial output dropped 1.2% in 2012 compared to the volume registered in 2011, Indec national statistics bureau reported on Thursday. The Industrial Monthly Estimator (EMI) stated that industrial production dropped 3.4% in December when compared to the same month of 2011
Friday, January 25th 2013 - 04:43 UTC
Monsanto reaches agreement on patent royalties with Brazilian soybean farmers

Monsanto the world’s biggest seed company agreed to waive two years of royalties on its Roundup Ready soybean seeds for Brazilian farmers who agree to forgo claims in a patent dispute.
Friday, January 25th 2013 - 04:01 UTC
Cristina Fernandez ‘knocks out’ governors from influencing mid term election

The government of President Cristina Fernandez implemented a new system whereby mayors will be able to directly apply for financial assistance for their districts, thus bypassing governors. Earlier in the week the most outstanding governor and (political ally) Daniel Scioli from Buenos Aires province had formally requested reconsideration of the tax sharing program.
Thursday, January 24th 2013 - 20:02 UTC
Argentine Defence minister ‘ashamed’ of the Santisima Trinidad sinking in port

Argentine Defence Minister Arturo Puricelli said that the sinking of the destroyer ARA Santísima Trinidad could have been a planned sabotage attack, but also confessed that when President Cristina Fernandez asks him why the ship sank his face drops with embarrassment.