BUENOS AIRES, Dec 14 (Reuters) – A two-week old labor
dispute at Argentina’s largest energy company, YPF, could start
to cause fuel shortages in the coming days as refineries run
out of crude oil supplies, two energy firms said on Tuesday.
YPF (YPFD.BA: Quote, Profile, Research, Stock Buzz), a unit of Spain’s Repsol (REP.MC: Quote, Profile, Research, Stock Buzz), halted
operations at four sites in the Patagonian province of Chubut
last week following the suspension of production at several
sites in neighboring Santa Cruz province. [ID:nN06197652]
BUENOS AIRES, Dec 7 (Reuters) – Argentina’s biggest energy
company YPF (YPFD.BA: Quote, Profile, Research, Stock Buzz) said on Tuesday it had discovered a major
deposit of unconventional natural gas, a find equivalent to a
quarter of the country’s proven reserves.
The announcement came a day after local media said the
company, the local unit of Spanish oil major Repsol (REP.MC: Quote, Profile, Research, Stock Buzz),
would reveal a huge unconventional natural gas discovery.
BUENOS AIRES, Oct 6 (Reuters) – Argentina’s tax agency is
investigating the local unit of agribusiness giant Cargill
[CARG.UL] for suspected tax evasion, a senior customs official
told Reuters on Wednesday.
Fellow grains exporter Bunge (BG.N: Quote, Profile, Research, Stock Buzz) had its Argentine
premises raided last week as local authorities investigate
accusations by the AFIP tax agency that the company evaded as
much as $298 million in income tax. [ID:nN01107902]. Bunge has
denied the charges.
ZARATE, Argentina (Reuters) – Argentina, whose pioneering nuclear energy program was sidelined for years, has embarked on an ambitious plan to build nuclear power plants again to ease reliance on dwindling fossil fuels.
Argentina opened the first nuclear power plant in Latin America in 1974. But the country stopped at two plants when the technology fell out of favor as accidents such as the 1986 Chernobyl disaster raised safety concerns worldwide.
BUENOS AIRES, August 5 (Reuters) – Telecom Italia will ask
the Argentine government for a green light to up its stake in
Telecom Argentina’s parent company after reaching a deal with
the Werthein Group, a Werthein executive told Reuters on
The Argentine Werthein Group and Telecom Italia (TLIT.MI: Quote, Profile, Research, Stock Buzz)
currently each hold a 50 percent stake in Sofora, the
partnership that controls Telecom Argentina. (TEC2.BA: Quote, Profile, Research, Stock Buzz) TEO.N,
SAN JUAN, Argentina, Aug 3 (Reuters) – South American
presidents agreed on Tuesday to unify their countries’ customs
rules as they seek to bolster booming regional trade that is
helping their economies rebound.
At a summit of the Mercosur trade bloc in Argentina, the
leaders approved a common customs code, agreed to eliminate the
double taxation of imports from 2012 and also signed a
free-trade deal with Egypt. [ID:nN02108380]
BUENOS AIRES (Reuters) – Argentina has become the first Latin American country to let gay couples marry and adopt children, defying Catholic opposition to join the ranks of a few mostly European nations with similar laws.
Argentina’s Senate passed a gay marriage law early on Thursday following more than 14 hours of charged debate, as hundreds of demonstrators rallied outside the Congress in near-freezing temperatures. Senators voted 33-27 for the proposal, with three abstentions.
BUENOS AIRES (Reuters) – Spanish telecommunications group Telefonica, the leader in Argentina’s mobile phone network in terms of revenue, sees its broadband Internet business growing 15 percent this year, a senior executive said on Friday.
In the first quarter of 2010, revenue growth from Telefonica’s broadband business outstripped income in its fixed-line service in Argentina for the first time, Eduardo Caride, the company’s top executive for Argentina, said.
BUENOS AIRES (Reuters) – Argentina’s flagship carrier, state-run Aerolineas Argentinas, has seen revenue and passenger traffic jump in recent months but it won’t turn a profit until 2012, the company’s president said on Thursday.
First-quarter revenue jumped 27 percent from a year earlier to $278 million and passenger traffic surged 30 percent in March, Aerolineas’ top executive Mariano Recalde told the Reuters Latin American Investment Summit in Buenos Aires.
BUENOS AIRES (Reuters) – Argentina’s debt swap will help Argentine businesses return to global credit markets as they look to take advantage of the country’s economic recovery, the head of Argentina’s largest real estate firm said on Monday.
Argentina launched an offer this week to exchange bonds and cash for $18.3 billion in defaulted debt, hoping it will allow the country to issue new international bonds for the first time in more than eight years.