Argentine ex president Cristina Fernandez has desisted from appealing her prosecution on charges of fraudulent administration in detriment of the Argentine state in the so called “dollar futures” case involving the Central bank sale of US currency and demands an immediate oral trial.
The move is seen as a token of exchange following the Argentine government's open decision to support Hillary Clinton. Martín Losteau, who was also economy minister under Cristina Fernandez, ran for Mayor of Buenos Aires last year and lost to the Macrist candidate Horacio Rodríguez Larreta, wants to race again in 2019.
The dismal state of the Argentine armed forces was revealed by Defense minister Julio Martínez who claimed that the ten/twelve Kirchner years downed more Air Force aircraft than those lost during the South Atlantic conflict in 1982.
Argentina has an excellent relation with the Obama administration and this will be the case with a government led by Trump, pointed out Argentina's cabinet secretary Marcos Peña adding that the first signals from the elected president are positive since he is moderating his electoral campaign speech.
The index of the leading shares of the Buenos Aires stock market returned to adjust results in 3.51% and accumulated thus four rounds of losses for a total drop of 9,25% sice Monday. The Merval started the week with 17,257.56 points and dropped Friday to 15,659.74 points, with significant decreases except for Tenaris, which managed to stay away from the trend of US-based businesses thanks to a positive balancesheet produced last week.
Aerolíneas Argentinas announced Friday a series of adjustments to its operations which will increase the seating capacity by 10% for peak summer season destinations - DAP starts flying between Ushuaia and Punta Arenas - The neverending story of Bolivia's haunted airport.
Former Argentine president Cristina Fernandez was prosecuted on Friday for fraudulent administration in detriment of the Argentine state in the so called “dollar futures' ”case, including the seizure of 15 million Pesos in assets equivalent to a million dollars.
The flow of British tourists into Argentina until August this year recorded a seven percent increase when measured against data from 2015. Ten percent rise forecast for 2017, accoring to Argentine Minister of Tourism Gustavo Santos.
It was in the first three quarters of 2016 compared to the same period in 2015, the Argentine Ministry of Agroindustry reported during the Agricultural Perspectives Conference at the Buenos Aires Cereal Exchange.
Under the heading of Trump and Argentina, political analyst Rosendo Fraga outlines what he believes are the reasons for the US tycoon victory in the presidential election, which he links to similar conditions in UK and the Brexit, and possible surprises next year both in France and Germany, the four leading Western economies.