Argentina

• Friday, May 18th 2012 - 18:03 UTC

  CFK highlights “magnificent opportunity” for Angola/Argentina trade

  

  President Cristina Fernández highlighted the “magnificent opportunity” Argentina and Angola had in coming together on future business transactions, particularly in the face of the global financial crisis, while addressing a meeting with businessmen in Angloa where she is on a three day official visit.

• Friday, May 18th 2012 - 09:41 UTC

  Argentine former central bank chief anticipates “de facto devaluation”

  

  A former Argentine central bank president warned that if the economy follows on the current course, a “de facto devaluation” is round the corner because of the growing gap between the official and parallel exchange rates for the US dollar.

• Friday, May 18th 2012 - 09:09 UTC

  Argentine president in Angola to promote trade and exchange food for oil

  

  Argentine President Cristina Fernández is on a three-day visit to Angola to promote trade and investments particularly exchanging food for the African country’s oil. Friday morning she is scheduled to meet her counterpart Jose Eduardo Dos Santos.

• Friday, May 18th 2012 - 09:05 UTC

  Argentina has a Jewish president for two days, Beatriz Rojkes

  

  For the first time, Argentina has a Jewish president, at least temporarily. Beatriz Rojkes, the provisional president of the Argentine Senate, is in charge of the government for several days because both President Christina Fernandez and Vice-President Amado Boudou are overseas.

• Friday, May 18th 2012 - 04:12 UTC

  YPF second shareholder misses 400 million dollars payment to creditor banks

  

  Argentina's Petersen Group missed a 400 million dollars payment to creditor banks on Wednesday, which could allow them to seize the shares of oil company YPF backing the loan.

• Friday, May 18th 2012 - 03:01 UTC

  Argentine farmers blitz stops lawmakers vote on land tax increase

  

  A last-minute lobbying blitz by farmers in Argentina's top grains-producing province stopped lawmakers from approving a tax increase that some growers said would force them to sell their fields.

• Thursday, May 17th 2012 - 21:19 UTC

  Tax-info-exchange accord could see middle-class Argentines abandon Uruguayan banks

  

  The recent tax-info exchange agreement reached between Argentina and Uruguay will make many investors in the Uruguayan financial system take their deposits back to “safes” or “mattresses” in Argentina, warned several economists during a conference on the Argentine economy prospects and its influence on neighbouring Uruguay.

• Thursday, May 17th 2012 - 11:52 UTC

  Argentine provinces face less revenue and higher rates because of YPF seizure

  

  Argentine provinces are falling back in paying salaries and honouring debts as they face a shortage of cash and almost record rates for issuing bonds in money markets, reports Buenos Aires financial press.

• Thursday, May 17th 2012 - 10:17 UTC

  Argentina en route to become the “Greece of Latin America” claim Chilean exporters

  

  Argentina could rapidly become the “Greece of Latin America” given the trade restrictions it has imposed born out of the lack of sufficient hard currency to face its international commitments, according to Chile’s Manufacturing and Services Exporters Association, Roberto Fantuzzi.

• Wednesday, May 16th 2012 - 21:58 UTC

  State-controlled YPF wants to keep its ADS listed in the New York exchange

  

  Argentine state-controlled energy company YPF said it risks having its American Depositary Shares (ADS) de-listed by the New York Stock Exchange since it is not complying with all regulatory requirements.