April 24, 2014

President Cristina Fernández de Kirchner today signed a series of strategic pacts with business leaders in distinct commercial areas, as she praised the effect her government has had on the nation's internal markets which, CFK, stated, should be the focus of efforts.

Further policy adjustments are also needed to restore macroeconomic stability in Argentina, especially in the context of less favorable prospects for global commodity prices, the IMF said today in its Regional Economic Outlook for the Western Hemisphere.

President Cristina Fernández de Kirchner met today with Sheikh Mohammed Bin Rashid al Maktoum, United Arab Emirates’ Prime Minister and signed bilateral agreements to boost investments in Argentina.

Buenos Aires City Mayor Mauricio Macri rejected today rumours suggesting a political alliance with the Broad Front UNEN, and called for its leaders to seek an agreement for “after the (presidential) elections,” in 2015.

The INDEC statistics bureau yesterday failed to deliver Argentina’s poverty and indigence rates due to “methodological” reasons, the head of ministers has explained adding the measurement of the basic basket “differs totally” from CPI’s calculations.

• INDEC postpones release of poverty figures

Security Secretary Sergio Berni believes that new methods for tackling narcotics and the drugs trade are now necessary, after asserting that efforts to eradicate the criminal industry have been a resounding failure.

Lower House passed the law to pay Spanish Repsol 5 billion dollars in bonds to compensate for the 2012 nationalization of Argentina's energy company YPF.

“I have no double message,” Interior and Transport Minister Florencio Randazzo has said as he confirmed his determination to compete for the presidential chair next year under the ruling Victory Front party ballot.

Only hours after launching a non-Peronist alliance that is seeking to succeed President Cristina Fernández de Kirchner in 2015, leaders of the newly created UNEN-Broad Front illustrated just how difficult it may be to keep such a disparate array of politicians united.

Henoch aguiar talks to the herald

‘Risks of division have always been present’

By Federico Poore
Telecommunications expert Henoch Aguiar is a long-time sympathizer of the Radical Civic Union (UCR) that is now part of the UNEN-Broad Front launched this week. He talked to the Herald.

The Nasdaq rose modestly in a choppy session, lifted by a rally in Apple shares a day after the iPad maker's strong results, though tensions in Ukraine held the broader market in check.

With a high-profile trial aiming at his alleged responsibility in the Once train crash, ex Transport secretary Ricardo Jaime considered he is "not to blame" for the 2012 tragedy that claimed the lives of 51 people and left dozens injured.

• Passenger: Driver complained of brakes • Once victims honoured outside courthouse

Turkey's Tayyip Erdogan offered what the government said were unprecedented condolences to the grandchildren of Armenians killed in World War One.

“A consolidated Argentina” is the column written by Julio De Vido and published by a local newspaper in which the official affirms the South American country has recovered both its “economic independence” and “political sovereignty” since late president Néstor Kirchner took office more than a decade ago.

A judge in Kansas ruled that former US soldier Bradley Manning, who is serving 35 years in prison for turning over classified files to WikiLeaks, could change his name to reflect his desire to be treated as a woman.

After the re-launching of an anti-terrorist operation, Ukrainian forces killed up to five separatists in the east of the country. In response, Russia started military drills near the Ukrainian border.

• Russia ready to respond ‘like in Georgia’ • Militants confirm detention of US reporter

Following a five-cent surge in early trade today, greenbacks in the informal market climbed 20 cents to 10.70 pesos. The official rate, however, closed unaltered at 7.96 pesos for buyers and 8.01 pesos for sellers.

After a six-hour closed-door meeting, Israeli Security Cabinet “decided unanimously that the government of Israel will not hold negotiations with a Palestinian government that is backed by Hamas, a terror organisation that calls for Israel's destruction.”

• Hamas, Abbas agree on unity • Netanyahu urges Abbas to choose between Hamas or peace with Israel

The head of the global chemical weapons watchdog overseeing the destruction of Syria's toxic stockpile is considering launching a fact-finding mission to investigate reports of attacks with chlorine gas.

The Afghanistan presidential election is poised to go to a runoff since neither former foreign minister Abdullah Abdullah nor former finance minister Ashraf Ghani are securing an outright majority.

By Luciana Bertoia
The city of Bahía Blanca, in the south of BA province, will be shaken today by Vicente Massot’s appearance in court, where he will be questioned about crimes committed during Argentina's last dictatorship.

A brilliantly-worked Lima goal gave last year's runners-up Benfica a late 2-1 win at home to Juventus in the first leg of their Europa League semi-final.

US swimmer and Olympic gold medalist Michael Phelps has qualified fastest for the 100-meter butterfly final in his first competition since retiring after the 2012 London Olympics.

Head of the anti-drug agency Sedronar Juan Carlos Molina has denied that Argentina is a country involved in the production and exportation of narcotics, while recognising that kitchens and workshops fabricating low-grade products do exist.

By Fermín Koop
Interest rates on fixed-income deposits are likely to continue growing over the next few months as a late reaction to the Central Bank’s interest-rate increase in January and February that forms part of a broad effort to snap up excess cash from the market.

The director of the forthcoming "X-Men" film today called claims that he sexually abused a teen more than a decade ago a "sick, twisted shakedown," and said he was dropping out of promotional events for the movie ahead of its release.


Dollar (Official price) DOLLAR (Official price) $ 7,960 $ 8,010
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Full MARKET coverage HERE

Red ink and red lines

Michael Soltys / Senior Editor / Economic Outlook

Red ink and red lines

Sincere insincerity

Gabriela Esquivada, from the US

Sincere insincerity

By John Dickerson
How do I get you to pay attention to this story? I could type out a balanced tale about an incremental change in White House spin and message control, relying on your discernment, patience and kindness toward all the creatures of the Earth.

A boy and girl trapped in a sinking South Korean ferry with hundreds of other high school students tied their life jacket cords together, a diver who recovered their bodies said, presumably so they wouldn't float apart.

• World Trade

Argentine deputies foster merchant fleet, shipbuilding sector promotion scheme

• On Sunday

The latest from Medellin

No one knows the exact date of William Shakespeare’s birth, but fans and followers have adopted April 23 as the day to celebrate - and this year, the bard turns 450.

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