
The US government approved the designation of Cecilia Nahón as the next Argentine Ambassador to the US, leading to her official appointment in the post, according to a release from the Foreign Ministry in Buenos Aires.

Argentina unveiled a new system of export duties on oil shipments that will cut levies as the government seeks to attract investment to revive stagnant production. The change means energy companies will receive 70 dollars per barrel of exported oil, up from 42 previously. Argentina controls the price of oil exports in order to guarantee domestic supply.

The death by beating of a 12 year old indigenous Qom child in the north of Argentina had shocked public opinion following on another incident less than a month ago when a gendarme run over an indigenous grandmother and a ten month old baby girl.

US agricultural giant Monsanto Tuesday posted a large increase in quarterly earnings on strong results in corn seed sales in the US and Latin America and better sales of pesticides. The St Louis-based corporation said net income for the first quarter was 339 million dollars, up from 126 million a year earlier.

The frigate ARA Libertad is already in Argentine waters and is scheduled to arrive Wednesday to the port of Mar del Plata, escorted by dozens of yachts and other vessels, to a huge reception ceremony headed by President Cristina Fernandez, ministers and top officials.

The Bermuda flagged “Star Princess” called on Monday at the Argentine Patagonia port of Puerto Madryn with over 2.400 passengers and 1.200 crew members. This is the second time in the current season the 290 metres long cruise vessel docks in Puerto Madryn and the first this year, reports the local media.

The Argentine government confirmed on Monday that President Cristina Fernandez would be flying on Thursday to Cuba to visit her Venezuelan peer Hugo Chavez, fighting for his life after a fourth cancer surgery with complications, and on the day which he should be taking office after October’s re-re-election.

The Argentine government issued a statement in response to a recent piece published on the British tabloid “The Sun”, and assured that President Cristina Fernández will fly in a private plane on her next tour to avoid a potential impounding of the official presidential plane by vulture funds.

The Argentine Foreign Ministry rejected the recent “military threats” coming from British Prime Minister David Cameron in relation to the UK’s “illegal occupation of the Falklands/Malvinas Islands” that began 180 years ago.

Argentina’s worldwide court battles against the hedge funds which did not accept the restructuring of its defaulted debt and are after the country’s assets, has gained another ally, the president of the World Economic Forum, (WEF) Klaus Schwab.