Karina's Feed
May 10, 2011

Special Report: Widowhood, Peron nostalgia, Argentine politics

BUENOS AIRES (Reuters) – Still dressed in black six months after her husband’s death, Argentine President Cristina Fernandez has a heavy burden to bear.

Fernandez, who succeeded her husband Nestor Kirchner as president four years ago, carries the hopes of die-hard supporters who want her to run in October’s presidential election and deepen the leftist reforms he began.

May 10, 2011

Widowhood, Peron nostalgia and Argentine politics

BUENOS AIRES (Reuters) – Still dressed in black six months after her husband’s death, Argentine President Cristina Fernandez has a heavy burden to bear.

Fernandez, who succeeded her husband Nestor Kirchner as president four years ago, carries the hopes of die-hard supporters who want her to run in October’s presidential election and deepen the leftist reforms he began.

Apr 30, 2011

Argentine writer Ernesto Sabato dies at age 99

BUENOS AIRES (Reuters) – Argentine writer Ernesto Sabato, whose novel “The Tunnel” is hailed as an existentialist classic and who presided over a probe into the crimes committed by the nation’s military rulers, died on Saturday at age 99.

“Humankind cannot live without heroes, martyrs and saints,” Sabato, an intellectual known as a tireless activist for justice and human rights, once said.

Apr 9, 2011

Argentine strike disrupts Bolivian natgas imports

BUENOS AIRES, April 8 (Reuters) – A labor dispute in
northern Argentina has halted an oil refinery and also
disrupted imports of Bolivian natural gas, union leaders said
on Friday.

Meanwhile, negotiations were ordered by the government in a
bid to end another strike, now more than a week old, which has
cut oil and natural gas output in the Patagonian province of
Santa Cruz, which produces about 20 percent of Argentina’s
crude. [ID:nN07104896]

Apr 1, 2011

Argentina’s IRSA mulls debt sale

BUENOS AIRES (Reuters) – Argentina’s largest real estate company, IRSA, is considering selling global bonds this year to finance expansion plans at home and abroad, Chairman Eduardo Elsztain said on Friday.

Last year, IRSA (IRS.BA: Quote, Profile, Research, Stock Buzz)(IRS.N: Quote, Profile, Research, Stock Buzz) became one of the first Argentine companies to sell foreign debt since a massive 2002 sovereign debt default, which battered private companies’ credit ratings and sent lending rates soaring.

Feb 10, 2011

Argentine gov’t goes on anti-inflation crusade

BUENOS AIRES, Feb 10 (Reuters) – Argentine President
Cristina Fernandez is using strong-arm tactics to stifle
surging inflation, ordering businesses not to raise prices and
pressuring economists over their independent forecasts.

Inflation is estimated at 25 percent a year by private
forecasters, posing a threat to Argentina’s economic boom and
worrying voters eight months from a presidential election in
which Fernandez is expected to seek another term.

Dec 14, 2010

Argentina’s YPF dispute threatens fuel shortages

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]

Dec 7, 2010

Argentina’s YPF makes big unconventional natgas find

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.
[ID:nN06191918]

Oct 7, 2010

Argentina probes Cargill for suspected evasion-source

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.

Sep 9, 2010

Analysis: Argentina revives its nuclear energy ambitions

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.