Breakaway AGTSyP Buenos Aires subway system workers started a 36-hour strike at midday that was paralyzing the entire underground system, causing transport difficulties throughout the city.
Buenos Aires stocks fell, with the Merval benchmark stock index moving down by 2.4 percent to 2,160.44 points.
President Cristina Fernández de Kirchner was flying to Angola for a three day official visit in which she will meet her counterpart, José Eduardo Dos Santos and will lead a trade mission with 400 Argentine businessmen.
The US dollar stood at AR$4.425/AR$4.465 today, remaining unchanged from the previous price at the close business yesterday at Buenos Aires exchange houses.
Argentina's Gross Domestic Product increased 0.6 in April year-on-year, according to the Activity General Index (IGA-OJF) elaborated by the private agency Orlando J. Ferreres & Asociados.
President Cristina Fernández de Kirchner extended for another 30 days the government’s intervention on recently partially nationalized oil company YPF. The decree 732/2012 was published today on the nation’s Official Gazette.
The Government once again accused the Mayor Mauricio Macri’s administration of not “owning up to its responsibilities,” regarding the subway service and urged them “to start to work and find a solution” to the wage talks of subway workers, who are holding a 36 hour strike.
Federal Judge Ariel Lijo decided to remove prosecutor Carlos Rívolo from the Ciccone case currently affecting Vice-President Amado Boudou and unified it with a new case investigating him over accusations of illicit enrichment.
Buenos Aires City Mayor Mauricio Macri came on stage today after Judge Norberto Oyarbide decided to send him to trial over the illegal wiretapping probe.
Judge Norberto Oyarbide justified the year in which it took to arrest both Sergio and Pablo Schoklender, putting it down to the case being "complex." The judge also pointed out that "the huge amount of people involved," and the "diversity of the offenses" they were accused of also played a large part in the long build up to the arrests.