Hugh's Feed
Jan 23, 2015

Argentina suspects rogue agents were behind death of prosecutor

BUENOS AIRES (Reuters) – Argentina suspects rogue agents from its own intelligence services were behind the death of a state prosecutor investigating the deadly 1994 bombing of a Jewish community center in Buenos Aires.

Alberto Nisman was found dead in his apartment late on Sunday, a gunshot wound to his head and a 22 caliber pistol by his side along with a single shell casing.

Jan 22, 2015

Argentina’s Fernandez says death of prosecutor was not suicide

BUENOS AIRES (Reuters) – The death of a prosecutor investigating the bombing of a Jewish community center was not a suicide, as was initially reported, Argentine President Cristina Fernandez said on Thursday.

Alberto Nisman, lead investigator into the 1994 attack on the AMIA Jewish center that killed 85 people, was found dead in his apartment late Sunday, a 22 caliber pistol by his side.

Jan 8, 2015

Argentina denounces farmer soy hoarding, says hurts state income

BUENOS AIRES, Jan 8 (Reuters) – Argentine growers hoarding
soybeans to protect themselves from inflation are hurting both
state and farm income in the world’s No. 3 exporter of the
oilseed, a top government official said on Thursday.

The South American country pioneered the use of plastic
horizontal silos to stockpile grains. Growers are hanging onto
soybeans, which are priced in U.S. dollars, as a hedge against
annual inflation estimated by the government at 24 percent but
seen as much higher by private economists.

Dec 31, 2014

Argentina to start 2015 with lapdogs flying high

BUENOS AIRES, Dec 31 (Reuters) – Argentine President
Cristina Fernandez chose an unexpected theme for her year-end
message to the country: a change in policy at the state-run
airline to allow passengers to carry their already
notoriously-pampered lapdogs with them on flights.

Punctuated by photographs on her Facebook page of the
two-term leader sitting on presidential plane Tango 01 with her
Toy Poodle Lolita, Fernandez said the perk will be shared by
travelers on Aerolineas Argentinas, the country’s main carrier,
starting in mid January. [tinyurl.com/mj7mn6t]

Dec 31, 2014

Argentina to start 2015 with lapdogs, dollar reserves flying high

BUENOS AIRES, Dec 31 (Reuters) – Argentina’s dollar reserves
and the country’s notoriouslyspoiled lapdogs will both be flying
high as 2015 gets underway, according to President Cristina
Fernandez, even if the economy remains a mess.

The two-term leader focused her year end statement on her
Toy Poodle, Lolita, and the fact that recent government efforts
to reverse a decline in reserves had worked.

Dec 23, 2014

Argentina takes a jab at inflation by cutting fuel prices

BUENOS AIRES, Dec 23 (Reuters) – Argentina will cut the
price for crude oil produced and sold in the country to allow a
5 percent reduction in gasoline prices, the government said on
Tuesday.

The federal government, which regulates domestic energy
prices, announced a $7 per barrel cut in the fixed price of
crude under a deal struck with private oil companies and
oil-producing provinces in Latin America’s No. 3 economy.

Dec 12, 2014

Argentine state bank to cut off farmers who hoard soy -official

BUENOS AIRES, Dec 12 (Reuters) – Argentina’s main state bank
will deny credit to farmers who are holding onto soybeans as a
hedge against inflation, a top official said on Friday, as the
government cracks down on crop hoarding as part of a campaign to
build up its dollar reserves.

The grains-rich but cash-poor South American country has
seen its economy grind to a standstill this year while farmers,
hit by high inflation, use soy as a unit of savings preferable
to the local peso.

Dec 4, 2014

Argentina clamps down on credit to farms accused of hoarding soy

BUENOS AIRES, Dec 4 (Reuters) – Argentina’s state bank has
moved to bolster the country’s reserves by reducing credit to
soy farmers holding onto an estimated 8 million tonnes of last
year’s beans as a hedge against one of the world’s highest
inflation rates.

Government-controlled Banco Nacion has told its branches in
the Pampas farm belt to stop financing growers who are denting
tax revenue by hoarding soybeans. Argentina is the No. 3
exporter of beans and the top supplier soymeal feed used to
fatten up cattle and other livestock around the world.

Nov 3, 2014

Argentina sees “better possibility” of holdout debt deal in 2015

BUENOS AIRES, Nov 3 (Reuters) – Chances of a deal to end
Argentina’s feud with holdout bond investors will improve in
January when current restructuring rules expire, the economy
minister said in comments published on Monday, raising some
hopes for the country’s stagnant economy.

The government is in a legal tussle with holders of
defaulted debt who spurned two debt swaps and sued for full
repayment. The dispute, along with heavy trade controls and high
inflation, has hammered business confidence in Latin America’s
No. 3 economy as it staggers toward recession.

Nov 3, 2014

Argentina accuses Procter & Gamble of tax fraud, says suspends operations

Nov 2 (Reuters) – Argentina has accused Procter & Gamble
, the world’s No. 1 household products maker, of tax fraud
and said it suspended its operations in the South American
country, according to a statement issued on Sunday by the
country’s AFIP tax authority.

It was unclear what the government meant by suspended, and
the company declined to comment on whether its operations had
been halted.