September 2, 2014

The proposed bill to change the location of Argentine external debt payments will undergo a last-minute alteration, as government officials plan to add France as an alternative site for bond jurisdictions along with Buenos Aires.

Business leaders who make up the so-called G6 group have rejected the government-sponsored anti-hoarding law that will be discussed in the Senate on Wednesday, saying it would “seriously risk job production, investment and proper goods supply.”

• Giorgi: Manufacturers need to defend model

Cabinet Chief Jorge Capitanich dismissed any reform on Argentine immigration law, following the support expressed by different political leaders to Security Secretary Sergio Berni’s call for “legal tools” to expell foreigners who commit crimes.

• Discussion of immigration policies launched

Cabinet Chief Jorge Capitanich referred to the 4% increase in fuel prices by state-controlled energy firm YPF, the seventh hike this year. The official stated that the companies will most likely “maintain current prices during the course of the year.”

As manufactures mark today the Industry Day, head of the Argentine Industrial Union (UIA) Héctor Méndez said the sector has “nothing to celebrate” as he renewed his criticism of the anti-hoarding law sponsored by the federal government.

The head of pro-government CTA splinter group Hugo Yasky criticised the absence of Argentine Industrial Union (UIA) leader Héctor Méndez at yesterday’s Wage Council. “(Méndez’s) attitude favours market freedom, in defense of speculators,” Yasky said.

US stocks ended mostly lower today, retreating from records set the previous month, as falling crude oil prices dragged energy shares down and offset strong manufacturing data.

The number of internally displaced people in eastern Ukraine amid the fighting around Donetsk, Luhanks and neighbouring towns has more than doubled in the past month, the United Nations Refugee Agency (UNHCR) has said.

• Ukraine accuses Russia of 'open aggression'

Various presidential hopefuls expressed their concerns yesterday about the impact of the high rate of inflation that the next government will inherit from the Cristina Fernández de Kirchner administration in 2015 at a business event in Buenos Aires, where some went as far as setting out a timeline to calm down prices over two to four years.

The general consensus is that it will be a ‘No’ vote

Are polls wrong about Scots’ breakaway hopes?

By Andrew Osborn

Opinion polls, financial markets and bookmakers are unanimous — Scotland will reject independence in a historic referendum next month and the United Kingdom will endure. But what if, as Scots nationalists believe, the polls are wrong? Experts say it is a possibility.

The results of Sunday’s local elections in Santiago del Estero province confirmed earlier impressions that citizens had rewarded ruling parties in all districts where seats were up for grabs.

A member of Venezuela's Socialist Party has rolled out a variation of the classic Christian "Lord's Prayer" to implore beloved late leader Hugo Chavez for protection from the evils of capitalism.

Uruguay’s controversial decision to accept the transfer of prisoners from the US-run military prison at Guantanámo Bay was in doubt yesterday, after reports in the United States suggested that President José “Pepe” Mujica had blocked the move over fears it would influence the country’s forthcoming elections.

Amid ongoing tensions between Kirchnerite progressives and security secretary

Massa openly supports law and order approach

Security Secretary Sergio Berni’s criticisms of the justice system’s alleged failure to expell immigrants found guilty of crimes received growing support from opposition leaders, starting with presidential hopeful and former Cabinet chief Sergio Massa.

Buenos Aires governor Daniel Scioli underwent surgery on his right arm at the Fleni Clinic today, following pains in the limb which was amputated in 1989. The official is recovering and is in good condition following the procedure.

The Islamic State militant group has released a video purporting to show the beheading of a second American hostage, journalist Steven Sotloff, raising the stakes in its confrontation with Washington over US air strikes on its insurgents in Iraq.

The informal rate jumped five cents to close at 14.25 pesos today, following a 15-cent hike yesterday. Meanwhile, the official dollar rate was steady at 8.42 pesos.

The state-run INDEC statistics bureau has revealed wages went up 3.43 percent in July compared to June, and 23.28% during the first semester of 2014, surpassing the inflation rate measured by the institute.

Blanco, who had presided over La Plata's First Federal Court since 1984 and also acted as a provincial electoral judge, passed away after suffering heart failure during a visit to a clinic in the Buenos Aires capital.

A US military airstrike in Somalia has targeted the leader of the Islamist militant group al Shabaab, Somali and US officials said, but they added it may take time to determine whether Ahmed Abdi Godane was killed.

Argentine Davis Cup coach Martín Jaite has chosen the four players that will represent the South American nation against Israel in the US, in a match for World Group permanence to be played between the 12th and 14th of September at the Sunrise Tennis Club.

Just one day before beginning his reign as Argentina coach with a friendly against Germany, Gerardo Martino admitted that he faced a huge challenge with the nation and that he held a great responsibility at the helm of the World Cup finalists.

Comedian Joan Rivers remained on life support after being hospitalized in serious condition from cardiac arrest, her daughter Melissa said in a statement.

At least 12 people died and three were severely injured when a minibus and an YPF cistern-truck collided on National Route 9, in southern Santiago del Estero province, near the town of El Simbol.

By Frankie Deges

Historically and statistically speaking, the All Blacks are the best team in world rugby. Their numbers are scary.

By David Mackintosh

Could it really be possible that golf had been reintroduced to the Games, albeit the Youth section, with such lack of publicity? I dug deeper. Yes indeed.

The National Electoral Register has confirmed that the first round of presidential elections will take place on October 25 2015, with a run-off pencilled in for November 24 if no candidate takes enough votes to win outright.


Dollar (Official price) DOLLAR (Official price) $ 8,370 $ 8,420
Dollar Blue price) DOLLAR ("Blue" price) $ 14,15 $ 14,25
Euro EURO $ 10,900 $ 11,350
Pound POUND $ 13,785 $ 13,868
Merval MERVAL $ 10.116,440 $ 1,71
Dow Jones DOW JONES $ 17.067,560 $ -0,18
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Full MARKET coverage HERE

Good and Bad news

Andrés Federman

Good and Bad news

Anything but war

Ivan Briscoe

Anything but war

Moyano strikes back

Martín Gambarotta

Moyano strikes back

Populists at play

James Neilson / As I See it

Populists at play

Marcos López, visual artist

‘I’m a prisoner of Latino Pop’

By Cristiana Visan

Marcos López is a seemingly calm but deeply tempestuous maelstrom of words, images and need to outstrip it all and go beyond. His style, which has come to be known as Latino Pop, has pushed him to the fore with his trademark kitsch collages caricaturing everyday life in garish colours.

The Interior Ministry today announced the new system to apply for a passport on the Internet is already online.

The week before a crucial launch of its new iPhone, Apple Inc said intimate photos of celebrities including Oscar-winner Jennifer Lawrence were leaked online through the apparent hacking of individual iCloud accounts.

• Celebs rage at new photo-hacking scandal

• World Trade

Argentine trade opportunities with Russia healthy but no panacea

• On Sunday

Brushing aside Socialist Dreams

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