Tag: Argentina

• Thursday, May 5th 2016 - 11:27 UTC

  Petrobras sells stakes in Argentina and Chile, part of major divestment plan

  

  Brazil’s state-run oil firm Petrobras said it has concluded the sale of its 67.2% stake in Petrobras Argentina to Argentina’s Pampa Energía for US$ 892 million, according to a securities filing. Petrobras also sold all of Petrobras Chile Distribución to Southern Cross Group for about US$ 490 million as part of its divestment program, the company said.

• Thursday, May 5th 2016 - 09:42 UTC

  Argentina farm exports soar in first quarter following elimination of taxes and controls

  

  Argentine farm exports rocketed 68% higher in the first quarter compared to the same 2015 period, thanks to new policies that prompted growers to sell stockpiles built up under the previous administration, the government announced.

• Thursday, May 5th 2016 - 05:17 UTC

  The Falklands/Malvinas 'pending issue' will be addressed by Malcorra in London beginning with confidence building

  

  Argentine foreign minister Susana Malcorra said she plans to meet with British officials to address a multiple agenda and a “pending issue”, in the framework of a transparency meeting scheduled to take place in London.

• Tuesday, May 3rd 2016 - 08:30 UTC

  Cristina Fernandez and son Maximo accused of illicit enrichment

  

  Argentine court has asked a judge to look into accusations of illicit enrichment against former President Cristina Fernandez and her son Maximo Kirchner, state press agency Telam reported on Monday.

• Tuesday, May 3rd 2016 - 08:20 UTC

  Argentine whistle blower reveals the Kirchner corruption system and admits he fears for his life

  

  Argentine whistle blower and former financial advisor to Kirchnerite businessman Lazaro Baez, who is imprisoned accused of money laundering and overbilling public works contracts, has told his former boss “not to be stupid and tell all the truth, what really happened”

• Monday, May 2nd 2016 - 08:51 UTC

  With a subsidy production scheme, Argentina is back exporting oil, mainly to China

  

  Argentine oil producers are shipping record volumes of crude this month, spurred by a new government subsidy that has also prompted state-owned oil company YPF to return to the export market for the first time in years.

• Monday, May 2nd 2016 - 08:18 UTC

  Macri claims Argentina hid unemployment with 'worthless public jobs', at Labor Day event with dissident union

  

  Argentine president Mauricio Macri attended an event at a dissident union headquarters in the City of Buenos Aires where he marked the Labour Day with unionized workers of the food sector, and blasted the previous administration for hiding unemployment with public jobs.

• Monday, May 2nd 2016 - 08:13 UTC

  Argentines worried about inflation and unemployment; fuels increase 10% in May

  

  A clear majority of Argentines are most worried about inflation and unemployment, a report by the D’Alessio IROL and Berenzstein private consulting agencies have showed.

• Monday, May 2nd 2016 - 07:54 UTC

  Argentine needs US$ 37bn to address the budget deficit and foreign debt payments

  

  Argentina will issue a fresh round of dollar-denominated debt notes worth an estimated US$8 billion in the next few days, top officials from the Finance Ministry confirmed. The government will “very soon” issue a new Treasury note to capture dollars that are being stored “under the mattress” in a process that will kick off with a meeting with bankers, Finance Secretary Luis Caputo said.The Argentine government hopes to bring in US$5 billion through the issuance.

• Saturday, April 30th 2016 - 13:52 UTC

  South Atlantic poacher Hua Li 8, arrested by Indonesian for illegal fishing

  

  Almost two months of efforts coordinated by Interpol with the cooperation of seven countries on four continents, the Indonesian Armed Forces arrested one of the most wanted poaching fishing vessels. On January 29, the Chinese flagged Hua Li 8 was detected fishing within the EEZ of Argentina, which triggered an immediate operation to arrest the vessel. But despite the display of patrol vessels and aircrafts, and warning shots, the vessel managed to escape.