Brazil's defence industry is booming, fuelled by government incentives to modernize the country's armed forces and develop a robust, export-oriented military industrial complex. With the world's sixth largest economy, Brazil was ranked as the eighth largest arms exporter in the 1980s but currently languishes in 30th place, according to industry experts
Argentina’s nationalized oil and gas company YPF and the head of Latin American and African operations for Chevron Corp. are discussing a potential agreement to develop the massive Vaca Muerta shale oil and gas formation in the Patagonian province of Neuquén.
Following similar complaints against Argentina by the European Union, United States and Japan, Mexico has launched its first dispute against Argentina at the World Trade Organization, the WTO announced on Monday.
A novel ‘The Islands’ inspired by the Falkland Islands War and written by Argentine author Carlos Gamerro has been published in English.
The head of Argentina’s tax office, AFIP Ricardo Echegaray announced in a press conference the agency had blocked the identification of 146 taxpayers connected to the football business. “We have to ensure football’s coherency and transparency” he remarked.
Argentina is planning the incorporation of Chinese jiggers to catch Illex squid next season, a decision rejected by the local fishing chambers but which according to the Buenos Aires financial media is linked to the sovereignty dispute over the Falkland Islands and surrounding waters.
Argentine President Cristina Fernández popularity sank to 30% in August, less than half of what it was a year earlier, according to a poll published on Sunday that portrayed a country worried about crime and high inflation.
Argentina’s nationalized oil and gas corporation YPF announced it has plans to drill 250 wells in the next five years to further advance the country’s “hydrocarbons frontier”. During a presentation at a posh hotel in Buenos Aires under the heading of “Argentine Exploration Plan”, YPF CEO Miguel Galuccio called on investors to trust him and support the plan.
Members from the Argentine government defended the “Kirchner inclusive development model” and blasted the credit-risk rating agencies while warning of the existence of a financial “anarchy-capitalism” which is suffocating the economies of the world.
Argentine President Cristina Fernández is in “in a good health condition” after she cancelled all her official activities on Wednesday due to a low blood pressure bout, doctors informed on Thursday.