Argentina

• Saturday, August 11th 2012 - 11:03 UTC

  China only interested in commodities, not in products that reach supermarkets

  

  Trade with China for Argentina has great opportunities but also great threats because the Asian giant is only interested in produce with no added value, warned the head of Argentina’s Industrial Union, Ignacio De Mendiguren.

• Saturday, August 11th 2012 - 10:49 UTC

  Argentina applies tax hike on bio-diesel exports and lowers price for local market

  

  Argentina tightened its grip on the country's energy sector on Friday by ordering a tax hike on bio-diesel exports, a move it said was needed to make domestic fuel prices more affordable, but denied market rumours that it will increase a soybean export tax.

• Saturday, August 11th 2012 - 10:45 UTC

  Official (fantasy) inflation in Argentina 0.8% in July and 9.9% last 12 months

  

  Official consumer inflation in Argentina reached 0.8% in July accumulating 9.9% in the last twelve months and 5.9% in the first seven months of the year, according to the Indec statistics bureau.

• Saturday, August 11th 2012 - 06:52 UTC

  Buenos Aires City subway strike enters eighth day; Macri blames Cristina

  

  Buenos Aires subway splinter workers union announced Friday evening that they failed to reach an agreement with licensee company Metrovías and that the strike will continue for another 24 hours.

• Friday, August 10th 2012 - 22:42 UTC

  Falklands’ Argentine cemetery investigation extends to the UK and Malvinas families

  

  The investigation into the vandalized hermitage at the Argentine Cemetery in the Falklands has seen the local police investigation extend to the UK and Argentina. Forensic material has been sent to Britain and Falklands’ police have requested the Malvinas Families Commission to help identify the origin of a Spanish Bible with a message signed by a “Viviana” found inside the attacked shrine.

• Friday, August 10th 2012 - 07:21 UTC

  Argentine private agencies July inflation 1.76% and 24.13% in twelve months

  

  Argentine opposition lawmakers presented on Thursday July’s inflation index based in the analysis of nine private agencies, which showed a 1.76% increase against the previous month and doubles the official index from the government of President Cristina Fernandez.

• Thursday, August 9th 2012 - 06:47 UTC

  For Argentine unions, food basket inflation is 52% higher than the official index

  

  Argentine organized labour CGT, announced that based on their own analysis of the products that make up the basic food basket, on average they are 52% more expensive than those analyzed by the official statistics office, Indec

• Thursday, August 9th 2012 - 01:02 UTC

  Argentina warns US and EU markets on oil exploration activities in the Falklands

  

  Argentina’s National Securities Commission, CNV, officially communicated leading international stock exchanges in the US and Europe that hydrocarbons companies operating in the Argentine continental shelf in the area of the disputed Falklands/Malvinas Islands are involved in “illicit and clandestine” activities.

• Wednesday, August 8th 2012 - 18:58 UTC

  Chaos in Buenos Aires City as subway service strike enters sixth day

  

  Chaos in Buenos Aires City traffic as the 600.000 daily subway commuters were again left on Wednesday with no service for the fifth day running and no prospects of a solution in sight as a mediation effort with striking workers collapsed.

• Wednesday, August 8th 2012 - 07:06 UTC

  Argentina complains involvement of Texas company in Falklands’ oil activities

  

  President Cristina Fernandez government expressed its deep disappointment directly to the State Department following the announcement that the Texan oil company Noble Energy would become involved in hydrocarbons activities in the Falkland Islands.