Tag: Argentina

• Friday, March 15th 2013 - 06:57 UTC

  Argentina: dollar in black market climbs to milestone 8 Pesos and 57% gap with the official rate

  

  The black market dollar exchange rate in Argentina pierced the milestone 8 Pesos mark while the official rate climbed to 5.09 Pesos with the gap between the two markets reaching 57%. The other ‘cash’ option: buying Argentine shares in Buenos Aires and reselling them in New York climbed 10 cents to 8.46 Pesos.

• Friday, March 15th 2013 - 06:54 UTC

  Argentina February Congressional inflation index more that double the official rate

  

  In contrast with the 0.5% inflation reported by the Argentine government’s controversial stats office, Indec, the index based on private estimates and released by opposition lawmakers climbed to 1.23% with an accumulated 25.27% in the last twelve months.

• Thursday, March 14th 2013 - 09:23 UTC

  Falkland Islands’ referendum message to Argentina: “intimidation of Islanders must cease”

  

  The Argentine government demands to control the Falkland Islands against the wishes of the people who live there are fundamentally incompatible with modern democratic values and attempts to intimidate the Islanders must cease, said Foreign Secretary William Hague in an update to Parliament.

• Thursday, March 14th 2013 - 09:14 UTC

  Falkland Islands’ referendum, Argentina should yield to reality and peoples’ self determination says Brazilian daily

  

  Under the heading of “Malvinas: British” the influential Brazilian newspaper Folha de Sao Paulo describes the 99.8% result of the Falklands referendum as a “compelling defeat” for the Argentine government and a litigation hard to sustain when international law rests more on the peoples’ perspective than in the historic, real or imaginary territorial possession.

• Thursday, March 14th 2013 - 09:07 UTC

  Argentina furious with Brazil over cancelling of 6bn potash development project

  

  The government of President Cristina Fernandez is furious with the Brazil-based Vale mining company for suspending its 6 billion dollars potash development in Mendoza, the largest investment in Argentina in recent years.

• Thursday, March 14th 2013 - 09:03 UTC

  Falkland Islands’ referendum: for Canada results are ‘very clear’ but for EC it was an ‘internal affair’

  

  The Canadian government said on Wednesday that the results of the Falkland Islands referendum are “very clear” and “only” the people of the Islands are entitled to decide on their future. However the European Commission refused to get involved in the discussion arguing it is an “internal affair” of an EU member.

• Thursday, March 14th 2013 - 08:58 UTC

  Falkland Islands’ referendum vote blasted unanimously in both Houses of Argentina’s Congress

  

  The Argentine Congress in extraordinary sessions held on Wednesday in both Houses unanimously rejected the Falkland Islands referendum in which the local population overwhelmingly decided to remain as a British Overseas Territory.

• Thursday, March 14th 2013 - 08:50 UTC

  Argentine official inflation in February, 0.5% helped by 60 days price freeze

  

  Argentine consumer prices rose 0.5% in February, the smallest gain since June 2009, after supermarkets and home appliance retailers agreed to freeze prices for sixty days, according to the government’s much questioned stats office, Indec.

• Thursday, March 14th 2013 - 03:04 UTC

  Cristina Fernandez will attend inauguration mass for Francis I

  

  Argentine President Cristina Fernández will be attending the official ceremony installing Jorge Ramon Bergoglio as Francis I which is scheduled to take place next March 19. The announcement was made by the presidential office.

• Thursday, March 14th 2013 - 02:14 UTC

  Three firsts for Habemus Papus: Argentine, Jesuit and announced in twitter

  

  Three firsts for the new Pope: Argentine, Jesuit and his election by fellow cardinals was announced by twitter. Jorge Mario Bergoglio, is a theological conservative with a strong social conscience, and a modest man who declined the archbishop's luxurious residence to live in a simple apartment and travel by public transport.