The Mendoza Sun | News digest and event guide for Mendoza, Argentina

Monday, Feb 06th

Last update:05:39:14 PM GMT

  • Font size
    Font tool:
    • Increase font size
    • Default font size
    • Decrease font size
  • Login

    • Forgot your password?
    • Forgot your username?
    • Create an account
  • RSS
  • Home
  • Mendoza
  • Business & Finance
  • Food & Drink
  • Wine
  • Traveler Impressions
  • Interviews
  • Tech
  • Winery list
  • Mendoza Events
  • About / Contact The Mendoza Sun
    • Travel Guidance
  • Contributing Authors
    • Amanda Barnes
  • General
  • Culture
  • National
  • Local
  • What's new
  • Reviews
  • Market
  • Reviews
  • Articles
  • Blogs
  •  
  • Tech Talk
  •  
  •  
  • Skip to content
  • Business & Finance Local

    Mendoza province eyes global debt issue in 2012

    By Luis Andres Henao for Reuters.com Feb 3 (Reuters) - Argentina's western province of Mendoza plans to issue about $250 million in new debt on global markets in 2012 for…
  • Business & Finance National

    Argentina January Vehicle Sales Hit Record

    By Online.wsj.comBUENOS AIRES (Dow Jones)--Argentine car sales hit a record in January amid strong economic growth, as Argentines continued to pour cash into durable goods amid run-away inflation. Vehicle sales…
  • Business & Finance Local

    Plum forecast squashed

    By Freshfruitportal.comThe Institute of Rural Development (IDR) in Argentina’s Mendoza province has revised down plum production estimates by 48%. An IDR representative attributed the lower volumes to fruit falling off…
  • Business & Finance National

    Argentina's Industrial Output To Grow 6%-7% In 2012 - Official

    By Online.wsj.comBUENOS AIRES (Dow Jones)--Argentine industrial production will expand 6% to 7% this year, Industry Minister Debora Giorgi said in a statement Sunday. That would put industrial growth inline with…
  • Business & Finance Local

    Behind an expat's wine startup success

    By Ian Mount for Management.fortune.cnn.com FORTUNE -- Language and cultural differences make it hard to be an expat entrepreneur under any circumstances. It's doubly hard if the main market for…
  • Business & Finance National

    SURVEY: Argentina December Trade Surplus Seen Up At $700 Mln

    By Online.wsj.com BUENOS AIRES (Dow Jones)--Argentina's trade surplus likely widened in December from the previous month as the government's protectionist policies reduced imports. "We expect a surplus, not because exports…
  • Business & Finance National

    Impsa ties up $52m bank finance for Argentina wind farm

    By Christiana Sciaudone for Rechargenews.com The banks – Corporação Andina de Promoção (CAF) and Banco de Investimento e Comércio Exterior (BICE) – will provide finance of $52m over a period…
  • Business & Finance Local

    Mendoza Province Plans 1.2 Billion Argentine Peso Bond Sale Next Quarter

    By Eliana Raszewski for Bloomberg.com Argentina’s Mendoza province plans to sell 1.2 billion pesos ($280 million) in bonds in the second quarter, Finance Minister Marcelo Costa said. The bonds may…
  • Business & Finance National

    Argentina's Booming Economy Proves There Can be Life After Default

    By By John Daly for Oilprice.com Quick. Name the country whose economy despite the global recession nevertheless expanded 9.2 percent in 2010 and has kept growing in 2011 at an…
  • Business & Finance National

    Argentina's investments in new media rise

    By Iñaki Ferreras for Rapidtvnews.com Argentina's traditional pay-TV sales seconds fell 26.6% in 2011 at the same that online investment increased 86.6%. According to a detailed annual report on the…
  • Business & Finance National

    Argentine TV funds filmmakers

    By Charles Newbery for Variety.com BUENOS AIRES -- Nicolas Batlle is a busy man, a good thing for any producer in Argentina, where 25% annual inflation and a tight broadcast…
  • Business & Finance National

    MercadoLibre Offers Free Trading Platform To Argentine Firms

    By Online.wsj.com "BUENOS AIRES (Dow Jones)--MercadoLibre Inc. (MELI), Latin America's leading e-commerce platform, agreed Thursday to offer free access to small and medium-sized companies in Argentina. The plan, announced by…
  • Business & Finance National

    Argentina Imposes New Restrictions To Slow Consumer Goods Imports

      By Bernama.com BUENOS AIRES, Jan 11 (BERNAMA-NNN-MERCOPRESS) - Argentina will impose new restrictions on consumer goods' imports. This is according to a resolution from the Revenue Office published in…
  • Business & Finance National

    GlaxoSmithKline Appeals Over Argentine Baby Drug Trial Fine

    By Forexpros.com Pharmaceutical giants GlaxoSmithKline Argentina Laboratories is to appeal against a fine for "irregularities" during clinical drug trials involving babies. The 400,000 pesos (£60,000) fine was issued by a…
  • Business & Finance National

    Argentina's Stocks Jump 12.5% In First Week Of 2012 Trading

    By Online.wsj.com BUENOS AIRES (Dow Jones)--Argentina's benchmark stock index rose more than 12% in the first week of trading this year, as investors set aside their concerns about the country's…
  • Business & Finance Local

    USDA (USA) acknowledges Mendoza fruit production

    By Freshplaza.com Freshplaza.com The United States Department of Agriculture announced that they will officially acknowledge the oasis in the Center and South of Mendoza as areas free of fruit fly.…
  • Business & Finance National

    GSK lab fined over vaccine tests that killed 14 babies

    By Buenosairesherald.com GlaxoSmithKline Argentina Laboratories company was fined 400,000 pesos by Judge Marcelo Aguinsky following a report issued by the National Administration of Medicine, Food and Technology (ANMAT in Spanish)…
  • Business & Finance National

    BA stocks gain 4% in first session of 2012

    By Buenosairesherald.com Buenos Aires stocks opened higher, with the Merval benchmark stock index edging up by 4.11 percent, to 2,564.06 points. In 2011 the leading panel of stocks suffered 30…
  • Business & Finance National

    Argentina to Maintain Cash Supply Growth at Inflationary Pace

    By Eliana Raszewski for Businessweek.com Dec. 30 (Bloomberg) -- Argentina’s central bank plans to keep injecting cash into the economy at the current pace, a move that may further stoke…
  • Business & Finance Local

    Argentina to boost cherry exports to U.S. after fruit fly victory

    By Freshfruitportal.com Argentine exporters can now air freight cherries from Mendoza straight to the U.S. without damaging cold treatment now that the state has been declared a fruit fly free…
  • Business & Finance National

    Argentine exchanges plan further integration

    By Jeremy Grant for Ft.com Two of Argentina’s largest exchanges, which this month agreed to combine, plan to integrate three other domestic bourses into their group to consolidate trading in…
  • Business & Finance National

    Argentina to Cap Interest Rates on Loans on Pension Payments

    By Bill Faries and Eliana Raszewski for Businessweek.com Dec. 21 (Bloomberg) -- Argentina will set limits on interest rates that can be charged to retirees seeking to get loans against…
  • Business & Finance Local

    Propiedad Fácil Launches, Wins BBVA Competition

    By Startupchile.org A pair of friends, one from Argentina the other from the USA, Guillermo Horno and Adrian Fisher have recently launched their company Propiedad Fácil, concentrating on the Latin…
  • Business & Finance Local

    Chile, Argentina to Build Bioceanic Corridor in 2012

    By Plenglish.com Santiago, Chile, Dec 18 (Prensa Latina) Chile and Argentina will start building in 2012 the 52 km bi-oceanic corridor linking Los Andes (Chile) and Mendoza (Argentina). Eduardo Rodriguez,…
  • Business & Finance National

    Argentine Lenders Agree to Cut Rates After Central Bank Request

    By Laura Price for Businessweek.com Dec. 16 (Bloomberg) -- Argentina’s main banks agreed to gradually cut interest rates starting today after meeting with Central Bank President Mercedes Marco del Pont,…
  • Business & Finance National

    Argentina's largest wind farm reaches next stage

    By Maeve Hosea for Windpowermonthly.com ARGENTINA: The Arauco wind farm in Argentina's La Rioja province, which already operates 12 wind turbines, is set to double its capacity to 50MW. In…
  • Business & Finance National

    Argentina and Brazil agree greater ‘productive integration mechanism”

    By En.mercopress.com Argentine and Brazilian presidents Cristina Fernandez and Dilma Rousseff agreed in Caracas the creation of a Productive Integration Mechanism, MIP, to deepen bilateral relations. The bilateral meeting took…
  • Business & Finance National

    Argentina To Issue Up To $800M Of US Dlr Discount Bonds

    By Ken Parks for Online.wsj.com BUENOS AIRES (Dow Jones)--Argentina's federal government said Friday that plans to issue up to $800 million in debt on the local market by reopening its…
  • Business & Finance Local

    Mendoza cherry outlook ‘unprofitable’ this season

    By Freshfruitportal.com Cherry growers in the Argentine province of Mendoza are facing negative cash flows this year due to rising costs and a flat European market, website Losandes.com.ar reported. Mendoza…
  • Business & Finance National

    Argentina expecting bumper crop of corn

    By Columbiatribune.com BUENOS AIRES, Argentina — Corn farmers in Argentina, the world’s second-largest exporter, might produce 9.1 percent more than forecast this season because of “ideal” weather conditions, the country’s…
  • Business & Finance National

    Argentina Central Bank: Dollar-Deposit Flight Ending

    By Online.wsj.com BUENOS AIRES (Dow Jones)--Argentina's top central banker said Monday that the outflow of U.S. dollar deposits from the banking system observed in recent weeks should end within days.…
  • Business & Finance National

    Argentina Govt Scraps Subsidies to Cut Spending by $933 Mln

    By Charles Newbery for Mninews.deutsche-boerse.com BUENOS AIRES (MNI) - Argentina officials announced Wednesday the government will eliminate a series of subsidies, for big energy companies and the rich, in a…
  • Business & Finance National

    Argentina Makes It Easier For Banks To Release Dollar Deposits

    By Taos Turner for online.wsj.com BUENOS AIRES (Dow Jones)--Argentina's central bank over the weekend made it easier for banks to release U.S. dollar deposits just as demand for dollars appears…
  • Business & Finance National

    Argentina enhances name as cheap wheat source

      By Agrimoney.com Argentina enhanced its reputation at a cut-price source of wheat by increasing its discount to Black Sea supplies, which have set the pace in world exports so…
  • Business & Finance National

    Repsol shares soar on big Argentina shale oil find

      By Stltoday.com Shares in Spain's Repsol energy company are soaring after the company announced it has made a major new shale oil find in Argentina that boosts by a…
  • Business & Finance Local

    EcoLogic biodegredation additives utilized in Argentina

    By Americanrecycler.com EcoLogic, a company creating and providing environmentally responsible solutions globally for plastics, announced that the company’s Eco-One additives for enhancing biodegradation of plastics are being used by La…
  • Business & Finance National

    Argentina's fight against the U.S. dollar

    By Magdalena Morales for Reuters.com In the days after President Cristina Fernandez's Oct. 23 landslide re-election, Argentina has launched a series of measures aimed at easing capital flight and protecting…
  • Business & Finance National

    Argentina floods the market with dollars to control money speculation

    By En.mercopress.com The Argentine Central Bank (BCRA) issued a special decree so that all export revenues generated by both mining and energy sectors remain in Argentina to be negotiated at…
  • Business & Finance National

    Argentina – the next world power in poultry

    by farminglife.com RABOBANK, the Dutch-based agri investment bank, believes that Argentina is primed for significant growth, where poultry production is concerned over the coming years.A Rabobank spokesman has confirmed that…
  • Business & Finance National

    Web 2.0: E-commerce, looking to gain ground in Argentina

    By Mariano Zalazar for WineSur.com 31% of consumers buy wine via Internet because of the convenience of receiving the product at home, whereas 24% choose it for the discounts. Nonetheless,…
  • Business & Finance National

    Argentina Calls On Latin American To Promote More Inter Regional Trade

    By Bernama.comArgentina has called on Latin America to promote inter-trade among the region's countries replacing the almost US$460 billion of manufactured goods from the rest of the world imported last…
  • Business & Finance Local

    Hail storms fuel fruit fears

    By FreshFruitPortal.comFarmers in Argentina’s Mendoza province are assessing damages to their peach, plum, cherry and pear orchards following severe hail storms last Thursday, website Mdzol.com reported.Valle de Uco, Santa Rosa…
  • Business & Finance National

    Law bans mining in Tierra del Fuego

    By LAPress.orgOpen-pit mining and use of toxic chemicals banned in extreme southern region.Argentina’s provincial government in Tierra del Fuego on Sept. 21 signed into a law a ban on open-pit…
  • Business & Finance National

    Argentina holds up book imports to help industry

    By Michael Warren for The Associated PressArgentina's booksellers are accusing the government of censorship, saying more than a million imported books have stacked up in customs as authorities try to…
  • Business & Finance Local

    Argentine water in demand amid gold, oil, gas rush

    By CBSNews.comArgentina is promoting a new era of mining and energy production, welcoming billions of dollars in foreign investment to unlock huge new reserves of natural gas, oil, gold, lithium…
  • Business & Finance Local

    Mendoza dedicates more land to veggie plantations

    By FreshFruitPortal.comVegetable plantation area in the Argentine province of Mendoza grew 13% year-on-year in 2010-11, according to a report by the Institute of Rural Development.The report found total plantation area…
  • Business & Finance National

    'Argentina does not accept any conditions set from abroad,' Boudou

    By BuenosAiresHerald.comEconomy Minister and Vice-Presidential candidate Amado Boudou (Victory Front party), rejected the recipes for “fiscal adjustments” the international organizations intend to impose on countries affected by the crisis, and…
  • Business & Finance National

    Brazil raises apple imports by 48%

    By FreshPlaza.comBrazilian apple imports added up to 50,800,000 tons, with Argentina as main provider (40,100,000 tons in the last eight months). With a strong currency (Real) and a loss in…
  • Business & Finance Local

    USA Investor Argentine Olive Ranch Buys San Juan Plantation

    By Charlie Higgins for OliveOilTimes.comArgentine Olive Ranch, an American investment group headed by Ralph Rybacki, has announced that it will put up $11.9 million towards the purchase of a 2,471…
  • Business & Finance National

    Lay’s Argentina Will Make Chips before Consumers’ Eyes

    By Anna Sanina for popsop.comPepsiCo’s Lay’s is launching an innovative promo campaign in Argentina. The campaign uses specific vending machines that ‘make’ the potato chips before consumers’ eyes after a…
  • Business & Finance National

    Cherry production grows for 2011/12 season

    By FreshPlaza.comCherry volumes already look bigger in Mendoza this year, after blossoming and abundant fructification.Cherry production in the three main productive areas of Argentina is likely to increase during the…
  • Business & Finance National

    Americas Petrogas says Argentina well shows "significant" oil discovery

    By CanadianBusiness.comAmericas Petrogas and venture partner Gran Tierra Energy have made a "significant discovery of oil" in the first of three exploration wells on the Rinconada Norte block in the…
  • Business & Finance National

    Argentina: "The citrus industry is able to overcome the difficulties"

    By FreshPlaza.com"These days, when the fresh citrus export season is coming to a close for EU markets and others with similar quarantine restrictions, we can say that the producers and…
  • Business & Finance National

    New import regulations transform Argentinian PC market

    By gfkrt.comNew import rules are having a considerable influence on the Argentinean PC market. New regulations relating to "non-automatic import licenses” have resulted in a decrease in the number of…
  • Business & Finance National

    Argentina’s Tax Revenue to Reach a Record This Year

    By Eliana Raszewski and Silvia Martinez for Bloomberg.comArgentina’s tax revenue will rise to a record in 2011 after collections in the first eight months reached 349 billion pesos ($83 billion),…
  • Business & Finance National

    Argentina’s Turnaround Tango

    By Ian Mount for NyTimes.comARGENTINA may seem like one of the last countries on earth to offer lessons for dealing with economic malaise. Once the eighth-largest economy in the world,…
  • Business & Finance National

    Argentina: Technology increases blueberry production

    By FreshPlaza.comThe pneumatic equipment for harvesting blueberries makes it possible to reach 100 kg per harvest, compared with the 25 kg that are obtained manually, according to Chilean producers. Latinberries,…
  • Business & Finance National

    Global crisis forces promotion of products in the U.S. and China

    By FreshPlaza.comThe Minister of Production, Jorge Gassenbauer informed on the new Tucumán export strategies. The official said the international crisis is affecting the purchasing power of Europe. Now business destinations…
  • Business & Finance National

    Marcó del Pont assures ‘banking system is in its best historical levels’

    By BuenosAiresHerald.comCentral Bank’s Governor (BCRA) Mercedes Marcó del Pont assured that the Argentine banking system “is in its best historical levels of liquidity, solvency and sluggishness indexes,” referring to Moody’s…
  • Business & Finance Local

    USA: Renwood Winery acquired by Argentine billionaire

    By Ledger-Dispatch.comNot far behind glamour wine regions Napa and Sonoma, Amador County will soon be receiving international recognition as a world-class wine-growing district, after a recent acquisition of Renwood Winery…
  • Business & Finance National

    Argentina: Blueberries and Strawberries for export

    By FreshPlaza.comWith 1.700 hectares for cultivating berries, the province of Tucumán is one of the most important centers of production of such crops: it exports fresh blueberries and frozen fruit…
  • Business & Finance National

    Fitch maintains positive rating outlook for Argentina

    By BuenosAiresHerald.comThe Fitch rating agency decided to maintain a positive rating outlook for Argentina, although it warned about the effects of inflation. In a new report, the agency justified its…
  • Business & Finance National

    Argentina ready to face global economic crisis: finance minister

    By xinhuanet.comArgentina's Economy Minister Amado Boudou said Tuesday his country is prepared to deal with the global economic crisis, after world stock markets plunged on Monday.Boudou said the government has…
  • Business & Finance National

    YPF in twin Neuquen strikes

    By Kathrine Schmidt for upstreamonline.comYPF, the Argentinian arm of Spanish-based Repsol, has made two unconventional shale discoveries in the Neuquen region in central Argentina, according to local reports.The deposit in…
  • Business & Finance National

    China's ICBC buys 80% stake in Argentina bank

    By Afp.comChinese banking giant ICBC said on Friday it has agreed to pay $600 million for an 80 percent stake in the Argentina operations of South Africa's Standard Bank, continuing…
  • Business & Finance Local

    Chile win Copa America tourist battle

    By AFP.comParaguay and Uruguay may be contesting the final but with their combined populations barely 10 million, organisers Argentina are thanking their lucky stars Chile at least got to the…
  • Business & Finance National

    Argentina June Trade Surplus Drops 22% On Import Surge

    By By Ken Parks for Wsj.comArgentina's trade surplus fell 22% on the year in June even as policy makers adopt increasingly aggressive measures to stem a torrent of imports.Argentina ran…
  • Business & Finance National

    Argentina's May Proxy GDP Up 8.1% On Year - Indec

    By Shane Romig for Nasdaq.comArgentina's economic activity continued to clip along at a full sprint in May, with growth rising a steep 8.1% on the year and beating expectations by…
  • Business & Finance National

    Industrial activity increases 9.6% in May, UIA reports

    By Buenosairesherald.comIndustrial activity increased 9.6 percent in May, in comparison to the volume registered in the same month of 2010, the Argentine Industrial Union reported.With this result, the industrial activity…
  • Business & Finance National

    Santander to press on with Argentina spin-off

    By Miles Johnson for FT.comBanco Santander, the eurozone’s largest lender, is pressing ahead with a plan to spin off part of its Argentinian arm in a US stock market listing…
  • Business & Finance National

    Argentina Energy Profile: Production Declining While Demand Growing – Analysis

    By EurasiaReview.comAmerica’s largest natural gas producer and a significant producer of oil. However, the heavily regulated energy sector includes policies that limit the industry’s attractiveness to private investors while shielding…
  • Business & Finance National

    Argentina 1st-Half Corporate-Bond Sales Jump On Booming Economy

    By Ken Parks for WSJ.comThe volume of corporate bonds and asset-backed securities sold on Argentina's capital market more than doubled to 15.38 billion pesos ($3.75 billion) during the first half…
  • Business & Finance Local

    Argentina’s Yancanelo Gets New Bottling Line

    By Charlie Higgins for Oliveoiltimes.comYancanelo, a major producer of extra virgin olive oil in Argentina’s Mendoza providence, has announced it will invest 500,000 pesos ($121,833) in a new bottling line…
  • Business & Finance Local

    Interview Simon Dean, Drip Couture

    By Amanda Barnes for the Mendoza SunMendoza has a tendency to attract travellers for its laid back charm and easy going lifestyle, but the city is also becoming home to…
  • Business & Finance National

    China looks to Argentina to grow food

    By Jude Webber in Buenos Aires and Leslie Hook in Beijing for Ft.comIt might sound perverse for a Chinese company to go halfway round the globe to grow soya and…
  • Business & Finance Local

    Mendoza Province Suspends Vale's Potash Mine Project

    By Shane Romig for FoxBusinessNews.comArgentina's Mendoza province has suspended Brazilian mining giant Vale SA's (VALE, VALE5.BR) multi-billion dollar Rio Colorado potash mine project after accusations that the company failed to…
  • Business & Finance National

    Argentina President Says 2011 GDP To Grow 7.5% To 8%

    By Shane Romig for Wsj.comArgentina's economy is on track for a robust expansion again this year as loose monetary policy and heavy government spending continue to bolster strong growth despite…
  • Business & Finance National

    About 80 % of large companies to invest in innovation during 2011

    By Telam.com.arAbout 80 per cent of large companies in the country plan to make investments destined to innovation activities, be them research and development (R&D), development of new products or…
  • Business & Finance National

    2011 Southern Hemisphere Harvest Report: Part 2

    By Wine SpectatorVineyards in the U.S. and Europe are just flowering, but there's juice fermenting in the tanks down south, in the Southern Hemisphere, that is. The 2010-2011 growing season…
  • Business & Finance National

    Argentina's YPF Acquires Option To Raise Stake In Metrogas

    By Taos Turner for Wsj.comArgentina's largest oil and gas producer, YPF SA (YPF, YPFD.BA), has acquired an option to raise its stake in Argentina's biggest natural-gas-distribution company, Metrogas SA (METR.BA).Metrogas…
  • Business & Finance National

    Global food crisis: China land deal causes unease in Argentina

    By Felicity Lawrence for Guardian.co.ukThe attraction to the Chinese of access to an area of land in Patagonia larger than Cornwall is obvious. As China's economy grows and its population…
  • Business & Finance Local

    Mendoza start up awarded USD 40,000 to expand to Chile

    By Amanda Barnes for MendozaSun.comAn innovative start-up company in Mendoza, which helps tenants pay their landlords online or at ATMs, has been awarded $40,000US by Start Up Chile. PagaTuAlquiler is…
  • Business & Finance National

    Argentina, Brazil To Meet Next Week To Resolve Licensing Spat

    By TheWallStreetJournal.comBUENOS AIRES (Dow Jones)--Argentine and Brazilian officials will meet next week in a bid to resolve a burgeoning trade dispute between the countries.Argentine Industry Secretary Eduardo Bianchi will meet…
  • Business & Finance National

    Argentina April primary surplus rises 4.8 pct

    By Luis Andres Henao and Nicolas Misculin; Editing by Gary Hill, for Reuters.com Argentina posted a primary budget surplus ARPBS=ECI of 1.97 billion pesos ($455 million) in April, up 4.8…
  • Business & Finance Local

    Switzerland’s Hafiba Launches Argentine Wine Estate Fund

    By FINalternatives.comSwitzerland’s Hafiba, an investment manager specializing in wine estates, is launching a private equity fund focusing on Argentine wine estate and vineyard investments.The fund placement process will be led…
  • Business & Finance National

    Argentina is doing well in Asia

    By Gabriela Malizia for WineSur.comThe window is open. Argentina has a fast market penetration, according to figures from 2001 up to now. This is the right time to strongly enter…
  • Business & Finance Local

    Cherry season ends in Chile and Argentina

    For FreshPlaza.comAccording to a report, the offer volume was greater than in other years, driven mainly by Chile, which reached 55,000 tons of export. The delayed harvest in both countries…
  • Business & Finance National

    Argentina & China To Boost Trade & Bilateral Relations

    By Bernama.comArgentina and China have agreed to increase their political, diplomatic and commercial relations.Both countries signed a Memorandum of Understanding (MOU) for cooperation in investment promotion aiming to diversify bilateral…
  • Business & Finance National

    Argentina's Government To Auction Wireless Licenses

    For The Wall Street JournalBUENOS AIRES (Dow Jones)--Argentina's federal government on Wednesday said it will auction wireless licenses during the second half of this year to address capacity concerns as…
  • Business & Finance National

    YPF Makes Argentina’s Largest Oil Discovery in Two Decades

    By Rodrigo Orihuela for Bloomberg.comYPF SA (YPF), Argentina’s largest company by market value, said it’s discovered the equivalent of about 150 million barrels of shale oil at a field in…
  • Business & Finance Local

    Investments are growing in Cafayate and Uco Valley

    By Gabriela Malizia and Laura Saieg for Winesur.com These regions have experienced the fastest growth of Argentina in the last year. Malbec wins the arm wrestling reaching 80% of investments.With…
  • Business & Finance National

    Wal-Mart To Help Companies In Argentina Export $150M In 2011

    By Taos Turner for Wsj.comThe Argentine arm of global retail giant Wal-Mart Stores Inc. (WMT) has pledged to help companies here export $150 million in locally made products this year.Wal-Mart…
  • Business & Finance Local

    Mendoza the new Mecca for South American wine

    By Dominick A. Merle for NapaValleyRegister.comOnce a year, this laid-back city at the foot of the Andes sets aside the siesta, cerveza and empanada and rolls out the red carpet…
  • Business & Finance National

    Argentine leader to limit land buys by foreigners

    By Bloomberg.comPresident Cristina Fernandez wants Argentina's Congress to quickly approve a law limiting foreign land ownership to about 2,500 acres (1,000 hectares).She says Argentine farm and ranch land is a…
  • Business & Finance Local

    Mendoza Superstars: the fashion for vip wines

    By Damián Weizman for Losandes.com.arBono, Arjona, Chayanne and Madonna are included in the list of celebrities who have or want their own wine from Mendoza.The fact that Bono filled the…
  • Business & Finance National

    Fiat Industrial to invest $100 mln USD in Argentina

    By Magdalena Morales and Hugh Bronstein for Reuters.comFiat Industrial , through its affiliate CNH, will set up a plant in Argentina to manufacture powerful combines and specialty tractors destined for…
  • Business & Finance Local

    Lack of Farm Workers in Argentina Weakens Vulnerable Olive Oil Industry

    By Charlie Higgins for OliveOilTimes.comThe Argentine region of Cuyo, which comprises the provinces of Mendoza, San Luis, La Rioja and San Juan, is characterized by warm, dry summers and mild…
  • Business & Finance National

    IMF Delivers Recommendations On Overhauling Argentina Inflation Data

    By Shane Romig, Of DOW JONES NEWSWIRESThe International Monetary Fund has presented a report to Argentine authorities with specific recommendations for developing a new, nationwide consumer price index to replace…
  • Business & Finance Local

    Mendoza Province Grants Contract Extension to YPF

    By Laht.comThe western Argentine province of Mendoza has granted YPF, a unit of Spanish oil major Repsol-YPF, a contract extension through 2027.The contract covers oil exploration in 16 zones.In exchange,…
  • Business & Finance Local

    “Caminos del Vino” promises to be a boom in USA

    By Gabriela Malizia for WineSur.comCharlie Arturaola, protagonist of this film about Argentinian wine that was completely filmed in Mendoza, speaks about the new movie that promises to be a box-office…
  • Business & Finance Local

    IMF mission meets with Mendoza gov't officials over new CPI

    By the BuenosAiresHerald.comIMF officials met with members of the Mendoza government in order to become acquainted with the consumer price index being applied on a local level and see if…
  • Business & Finance Local

    Mendoza’s wineries got their ticket to Asia

    By Mariano Zalazar for Winesur.comFace-to-face negotiations with Asian importers and strong promotion campaigns abroad reinforce the idea of changing the course of Argentinian exports.Taking advantage of the Asian market growth…
  • Business & Finance National

    Argentina's economy and risks

    By Magdalena Morales, James Matthews, and W Simon for Reuters.comArgentina's economy expanded by a blistering 9.2 percent last year, driven by strong consumer spending, high global prices for its grains…
  • Business & Finance National

    Argentina February data shows economy flourishing

    By Hilary Burke for Reuters.com (Reuters) - Argentina's February trade surplus beat market expectations and industrial output rose sharply again, the government said on Wednesday, showing Latin America's No. 3…
  • Business & Finance National

    Industrial activity rose 8.9% in February, Indec reports

    By Buenosairesherald.comIndustrial activity rose by 8.9 percent during February, National Statistics Bureau Indec reported.President Cristina Fernández de Kirchner anticipated the information on Tuesday. During January and February, industrial activity increased…
  • Business & Finance National

    Dole Chile plans to expand in Argentina

    By Agra-net.comDOLE Chile, the largest fruit exporter from Chile, has announced plans for expansion in the neighbouring market of Argentina, writes Vladimir Pekic. A key component of the plan is…
  • Business & Finance National

    Argentina issues permits for delayed grains shipments

    By Trust.orgArgentina's government said on Saturday it had granted export permits to allow grains shipments delayed at ports after President Cristina Fernandez dissolved the state agency in charge of the…
  • Business & Finance Local

    Argentina’s grape harvest to rise slightly in 2011

    By FreshFruitPortal.comArgentina’s National Viticultural Institute (INV) has announced the country’s grape production is expected to rise by 5% to 27,544,364 quintals (2,75 billion kg) this year, according to Losandes.com.ar.Guillermo García…
  • Business & Finance National

    Mercosur researchers create robot to identify drought and disease resistant soybeans

    By MercoPress.comA robot which categorizes soy bean plants according to their capacity to resist drought and make better use of the water resource has been developed by a bio-technology group…
  • Business & Finance National

    Argentine President Sets Goal Of 5% Annual GDP Growth Through 2020

    By Shane Romig for Wsj.com with contributions by Alberto MesserArgentine President Cristina Fernandez unveiled an ambitious growth plan Thursday that she hopes will fuel a 5% annual expansion in gross…
  • Business & Finance National

    MercadoLibre’s Profit Grows More Than 40%

    By Agustino Fontevecchia for Forbes.comMercadoLibre, Latin America’s largest e-commerce group, posted earnings after the bell on Wednesday, beating Wall Street expectations and managing to sustain margin growth on a growing…
  • Business & Finance National

    Argentina’s GDP at 9.1%, highest in five years

    By Thestart.com.myArgentina's economy clocked growth of 9.1% in 2010, the fastest pace in five years, President Cristina Fernandez said.Latin America's third largest economy rebounded swiftly from a slowdown in 2009…
  • Business & Finance National

    Good harvest year for Argentina farmers and the tax man, in spite of drought

    By MercoPress.comA good crop year for Argentine farmers and the government: export revenue will be up 4 billion US dollars and the tax man will bag an additional 888 million…
  • Business & Finance National

    Argentina January Industrial Production Up 10.3% On Year - OJF

    By Shane Romig for Wsj.comArgentina's industrial production in January continued to expand at a quick pace, led by strong output of machinery and equipment, food, non-metallic minerals and chemicals, a…
  • Business & Finance National

    Modern farming threatens Argentina's gauchos

    By Oskar Laski for AFP.comGauchos helped defeat Spanish troops and win Argentina independence in the 19th century, but the cowboys of lore are no match for today's soybean boom and…
  • Business & Finance Local

    Argentina President Promises Aid for Battered Olive Oil Industry

    By Sarah Schwager for OliveOilTimes.comArgentina’s president Cristina Fernández de Kirchner has pledged federal government help to the country’s battered olive oil industry following 200 layoffs in the Catamarca region amid…
  • Business & Finance National

    Argentine Bank Banco Macro Sees 30% Loan Growth In 2011

    By Ken Parks for Wsj.comBanco Macro SA one of Argentina's biggest private-sector banks, said Friday it expects its loan portfolio to expand at a more subdued pace of 30% this…
  • Business & Finance National

    Argentine gov't goes on anti-inflation crusade

    By Karina Grazina for Reuters.comArgentine 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…
  • Business & Finance National

    Argentina Conditions Luxury Car Imports

    By Bernama.comArgentina has stopped the import of high-class luxury cars and redoubled efforts to convince companies with no assembly plants in Mercosur trade group countries to reduce imports and reach…
  • Business & Finance National

    Inflation, an Old Scourge, Plagues Argentina Again

    By Alexei Barrionuevo for nytimes.comBUENOS AIRES — Damian Vásquez used to regularly update the prices of household cleaning products on the sign outside his store. Today he often does not…
  • Business & Finance National

    Heads of Brazil and Argentina Hold a Bilateral Meeting

    by yeonjik@arirang.co.kr for arirang.co.kr  Two of Latin America's most powerful women President Rousseff of Brazil and President Fernandez of Argentina met in Buenos Aires on Monday.On her first official state visit, President…
  • Business & Finance National

    Boudou praises UIA's statement, expects mounting investments

    by buenosairesherald.com Economy Minister Amado Boudou praised a statement released by the Argentine Industrial Union (UIA) in relation to the investment level in Argentina, and highlighted the state's protectionist policies…
  • Business & Finance National

    Rain Delays South American Harvest

    by www.kfgo.com by www.kfgo.com OMAHA (DTN) -- Going into late (summer), the rainfall pattern in Argentina is improving, but heavy rain is delaying the harvest and affecting the quality of…
  • Business & Finance National

    Argentine Wheat Exports May Fall to Lowest in Almost 3 Decades on Quotas

    By Rodrigo Orihue for Bloomberg.com By Rodrigo Orihue for Bloomberg.com Argentina probably exported the smallest amount of wheat in almost three decades last year amid drought and government restrictions on…
  • Business & Finance National

    Argentina's 2010 Primary Surplus Was ARS25 Billion

    By Taos Turner for dowjones.com and wsj.comArgentina posted a primary fiscal surplus of 25 billion pesos ($6.3 million) for 2010, about 45% more than in 2009.Economy Minister Amado Boudou released…
  • Business & Finance Local

    Argentina Lures Bankers Dreaming of Owning Their Own Vineyard

    By Elin McCoy for Bloomberg.netFor his 50th birthday two years ago, Phil Asmundson, vice chairman of technology at Deloitte LLP, flew to Argentina for a vacation and ended up buying…
  • Business & Finance National

    Latin America Enters Currency War

    By Adam Kritzer for Forexblog.orgA few years ago, I wouldn’t deign to discuss such obscure currencies as the Chilean Peso and the Peru New Sol. But this is a new…
  • Business & Finance National

    Commodities Drive Yields to Lowest Since 2008: Argentina Credit

    By Boris Korby and Camila Russo for Bloomberg/Businessweek (businessweek.com)Argentine bonds are trading at the lowest yields relative to U.S. Treasuries since February 2008 amid the highest commodity prices in two…
  • Business & Finance Local

    Life after the City: From buyouts to boutique wines

    By Vivek Ahuja for eFinancialNews.comFeeling he had come to the end of his personal road in finance, Christian Rothhardt embarked on a new journey, introducing Argentinian wines to EuropeThen: financing…
  • Business & Finance National

    Tierra del Fuego: Chinese companies to invest U$S 1 billion in agro chemical production

    Chinese companies are to invest US$ 1 billion in Tierra del Fuego towards the construction of an agro chemical production factory, a commercial port and a combined cycle thermal central,…
  • Business & Finance National

    Strong Growth in Latin American Exports

    By ActionForex.comThe last months of 2010 saw a large increase in exports from Latin American countries to the rest of the world. While some of this increase may be reflecting…
  • Business & Finance National

    More than 50% of credit goes to small and medium companies, says Cristina

    President Cristina Fernández said last night that “more than 50% of the National Bank of Argentina´s credits go to small and medium enterprises”, as informed by Télam on Wednesday.During a…
  • Business & Finance National

    Central Bank Monetary Program forecasts "robust growth" of the economy

    The 2011 Monetary Program shows a growth goal in the amount of money of up to 31.9%, justified by the "robust increase of the economy" during this year, estimated at…
  • Business & Finance National

    Surge in Money Signals Bid to Check Rates: Argentina Credit

    By Eliana Raszewsk for Bllomber/NewsweekArgentina’s central bank plans the biggest increase in the money supply since at least 2006 in a bid to keep local interest rates down.Argentina aims to…
  • Business & Finance National

    Bond Risk Declines Most in World as Soy Soars: Argentina Credit

    By Ben Bain and Drew Benson for Bloomberg.comArgentina’s bond risk is dropping the most among governments worldwide this week as a global economic recovery boosts prices of soybeans, the country’s…
  • Business & Finance Local

    Western Argentina expects huge plum, peach production

    By FreshFruitPortal.comPlum production in the Mendoza province of Argentina is expected to nearly quintuple in the 2010-11 season, according to the Institute of Rural Development (IDR in Spanish), website Terra…
  • Business & Finance National

    Peso Debt to Outperform as Fernandez Stems Currency Loss: Argentina Credit

    By Ben Bain and Camila Russ for Bloomberg.comForecasts that the Argentine peso will depreciate less than analysts initially predicted are fueling bets that the country’s local debt will outperform dollar-denominated…
  • Business & Finance National

    Argentina Rolls Over Budget, Earmarks $7.5B To Pay Debt

    By Ken Parks for DOW JONES NEWSWIRES BUENOS AIRES (Dow Jones)--Argentina President Cristina Fernandez on Wednesday instructed her government to operate under the 2010 budget next year with provisions to…
  • Business & Finance Local

    Harvest Trends week 51 — 2010

    By FreshFruitPortal.comCherriesRain at the end of week 49 in Chile reduced iQonsulting estimates for export by 10%, due to the losses of fruit in the region near Talca and farther…
  • Business & Finance National

    Argentina Nov Trade Surplus Narrows As Imports Surge

    By Shane Romig for The Wall Street JournalBUENOS AIRES (Dow Jones)--Argentina's trade surplus in November narrowed sharply on the year as imports soared, far outstripping the increase in exports, the…
  • Business & Finance National

    Increase in Argentinian sparkling wines

    By Gabriela Malizia for WineSur.comLatin America concentrates 68% of Argentinian exports of sparkling wines, with Brazil at the top of the list. During 2010, the FOB turnover increased 8% and…
  • Business & Finance Local

    Moving to Argentina

    By YVONNE AND TOM PHELAN for The Wall Street JournalWe discovered Argentina three years ago, during what we assumed would be a brief visit to Buenos Aires. Today, we own…
  • Business & Finance National

    Argentina's November Industrial Output Surges 12.5%

    By Ken Parks FOR DOW JONES NEWSWIRESIndustrial Production (Year-On-Year): Nov Oct Sep Nov09 FY/2009 Forecast: +8.1% +8.9% +9.0% - - Actual: +12.5% +8.2% +9.7% +1.1% +0.4% BUENOS AIRES (Dow Jones)--Argentina's…
  • Business & Finance Local

    ProMendoza opens Shanghai office

    By David Furer for Decanter.comProMendoza, the export and investment promotion agency of Argentina's premier wine region, will open a dedicated Asian office in March 2011 at Shanghai's exhibition centre.Staff will…
  • Business & Finance Local

    Harvest situation in the Southern Hemisphere, week 49

    By FreshFruitPortal.comCherriesThe cherry harvest in central Chile is in its peak this week, and it is expected that volumes will remain high during the next two weeks. The quality of…
  • Business & Finance Local

    Canned peach quota increased

    ARGENTINA will export more canned peaches to Brazil following an agreement between Mendoza's processed foods promotion board and members of the Brazilian canned peach sector. The quota will now increase…
  • Business & Finance National

    China's Sinopec buys Occidental Argentine assets

    By Jim Bai and Farah Master for Reuters.com* Deal marks first Sinopec resource purchase in Argentina* Investment follows $7 bln Argentine purchase by CNOOC* Chinese energy investments in Latin America…
  • Business & Finance National

    Argentina group unveils shale gas find

    By Jude Webber in Buenos Aires for FT.comArgentina’s flagship energy company YPF has announced a 4,500bn cubic feet shale gas discovery in Patagonia that it vowed would guarantee the country’s…
  • Business & Finance Local

    Antrim snaps up Argentine patch

    By staff at Upstreamonline.comCalgary-based Antrim Energy has signed an agreement to acquire a 50.1% interest in the Cerro los Leones exploration concession in Argentina’s Neuquen basin. Antrim will also assume…
  • Business & Finance National

    Argentina's Auto Industry Continued Its Boom In November

    By Taos Turner for The Wall Street JournalBUENOS AIRES (Dow Jones)--Argentina's automotive industry continued to expand rapidly in November because of high domestic and foreign demand for local vehicles.Vehicle production…
  • Business & Finance Local

    World economic regions descend on South Africa for the first time

    By Karabo Keepile for The Mail & Guadian Online.This year marked many firsts for the Regional Trade Promotions Organisation [RTPO] annual general assembly.For the first time, the event will include…
  • Business & Finance National

    Recovery tipped for Argentinean fruit

    By Gill McShane for Fruitnet.com Supplies of apples, pears and table grapes from the South American country are forecast to rebound during the 2011 seasonArgentina’s 2011 fresh apple, pear, and…
  • Business & Finance Local

    Upcoming TV documentary about the Transandine Railway

    Local media company MDZ Online is following a story in Buenos Aires about a TV documentary that Channel 13 is preparing on the Transandine Railway that will ultimately re-connect Mendoza…
  • Business & Finance National

    Argentina, realising the strength of tourism

    ARGENTINA has of late realised its great potential as a destination and upgraded tourism to a ministry.The aim was to find an alternative development sector for the economy, which ‘boosts…
  • Business & Finance Local

    UAE Ambassador in Argentine attends reception in Mendoza

    WAM Buenos Aires, Oct 6th, 2010 (WAM) -- UAE Ambassador to Argentina Mohammed Issa Al Qattam Al Zaabi attended a reception hosted by the governor of the Argentine province of…
  • Business & Finance Local

    Sotheby´s invests in Mendoza, Argentina

    The company arrives in the province of Mendoza with its Real Estate Department to market Algodon Wine Estates, a real estate development of 830 hectares.The well known Sotheby’s Auction House…
  • Business & Finance National

    Bond `Darling' of 1990s Is Making Comeback as Sales Jump: Argentina Credit

    Argentine companies and provinces are selling the most debt overseas since 2007 as issuers from Cordoba to IRSA Inversiones Representaciones SA tap into declining borrowing costs after the government restructured…
  • Business & Finance Local

    Mendoza mayor Victor Fayad looks to Nashville for wine sales

    The mayor of the Argentinian city Mendoza — a key exporter of wines found on local shelves — is in town looking to connect with business, government and other aspects…
  • Business & Finance Local

    Successful presentation of Mendoza at Expo Shanghai 2010

    Mendoza’s participation in this important international fair resulted in concrete business opportunities for exporting local products to the Chinese market.With the aim of promoting Mendoza’s productive offer in the world,…
  • Business & Finance Local

    Mendoza seeks to position peach in Chinese market

    The Production Minister, Raul Mercau, travelled to China to promote local products, especially canned fruit.During his tour in China to promote local products, mainly the peach industry, Raul Mercau, participated…
  • Business & Finance Local

    DirecTV To Invest $46M In Argentina; Will Offer Internet Service

    BUENOS AIRES (Dow Jones)--DirecTV Group Inc. (DTV) late Thursday said it plans to invest $46 million in Argentina to improve its satellite TV services and start offering Internet access. News…
  • Business & Finance Local

    Argentine legislation that targets mining

    (Reuters) - Argentina's lower house passed a bill last week to ban mining and oil extraction around the country's Andean glaciers, a move seen curtailing investment in the mineral-rich nation.Some…
  • Business & Finance National

    Latin America looks to the wind for its clean energy

    Wind energy as a source to produce low-carbon electricity is gradually gaining ground in Latin America. The need for clean energy has become a goal for many governments in the…
  • Business & Finance National

    Argentina developing satellite launcher; ready by 2013 in Puerto Belgarno

    Argentina is in the process of developing a satellite launcher which could become operational in three years time, making it the sixth country in the world with that capacity, according…
  • Business & Finance National

    ARGENTINA: Textiles to invest $304m as production increases

    Argentina's textiles industry is to invest $304m this year, matching last year's levels, as it continues to expand and modernise its production facilities, according to trade group Fundacion Pro Tejer.The…
  • Business & Finance National

    INDEC: Inflation rate hits 0.8% in July

    The cost of living rose 0.8 percent in July compared to the previous month, according to the INDEC National Statistics Bureau. The consumer price index climbs 6.7 percent in the…
  • Business & Finance National

    INDEC: Foreign tourism increases 29.7% in June

    The number of tourists that arrived in Argentina during June increased 29.7 percent compared to the same month last year, according to a government report.The government announced that 199,736 foreign…
  • Business & Finance National

    Argentina Reports Its Fastest Annual Inflation in Four Years During July

    Argentina’s annual inflation rate in July rose to the highest level since May 2006, led by higher costs for leisure goods and clothing. Consumer prices increased 11.2 percent from a…
  • Business & Finance National

    Argentina hopes for reform of price data

    Argentina publishes inflation figures for July on Friday that are again expected to be only half of private estimates.However, after a parliamentary defeat for the government this week, analysts say…
  • Business & Finance National

    Argentina - Trade Agreement signed with Egypt

    Foreign Minister Héctor Timerman set in motion the 39th Mercosur Summit, during which Argentina informed of the results obtained during its pro-tempore presidency of the bloc during the first semester.…
  • Business & Finance National

    Argentina Bonds Rise As High Yields Fuel Continued Buying

    BUENOS AIRES (Dow Jones)--Argentine bonds gained further Friday as the relative stability in global markets and Argentina's high yields tempted investors. The price of the dollar-denominated Global 2017 rose 1.05%…
  • Business & Finance National

    Argentina To Raise Minimum Wage 23% To ARS1,840 - President

    BUENOS AIRES (Dow Jones)--Argentina will raise the minimum wage by 23% in two steps, bringing it to 1,840 pesos ($466) per month by January, President Cristina Fernandez said Thursday. Following…
  • Business & Finance Local

    Malbec Drinkers in Brazil Use Real Rally to Buy Argentine Cases

    (Bloomberg) -- Argentine wineries are boosting sales to Brazil faster than to any other market after the real’s 31 percent rally against the peso since May 2009. Exports to South…
  • Business & Finance National

    Argentine economy picks up strongly, forecasted to expand 7% in 2010

    Argentina's GDP will reach 7% this year based on a strong domestic demand, Economy Minister Amado Boudou said on Wednesday. The announcement follows earlier in the week reports that the…
  • Business & Finance National

    TI looks to increase stake in Telecom Argentina

    Telecom Italia (TI) is to seek approval from the Argentine government to raise its stake in Sofora, the holding company that controls local fixed line incumbent Telecom Argentina, from its…
  • Business & Finance National

    Apache, Pampa Energia Agree to Gas Supply Contract

    (Bloomberg) -- Apache Corp., the U.S. producer buying assets from BP Plc for $7 billion, signed an agreement to supply Pampa Energia SA, Argentina’s largest power producer, with natural gas,…
  • Business & Finance National

    RBC Raises Argentina’s 2010 Economic Growth Forecast to 6.5%

    (Bloomberg) -- RBC Capital Markets, a unit of Canada’s biggest bank, raised its forecast for Argentina’s economic growth this year to 6.5 percent from 5 percent.“Strong growth in Argentina’s top-trading…
  • Business & Finance National

    Tax collection in July reaches $37.3 bn pesos

    Tax collection in July reached $37.374,7 million pesos, meaning a 38,4 increase from last year's collection.According to the Secretary of Treasure Juan Carlos Pezoa and AFIP revenue office head Ricardo…
  • Business & Finance National

    Mercosur member states approve Customs Law

    South American presidents agreed 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…
  • Business & Finance National

    Argentina's Banco Macro Posts ARS468 Million 2Q Profit

    BUENOS AIRES (Dow Jones)--Argentina's Banco Macro SA (BMA, BMA.BA) posted a profit of 468 million Argentine pesos ($118 million) during the second quarter, up sharply from the ARS163.2 million profit…
  • Business & Finance National

    Argentina Colder Than Antarctica Raises Power Imports to Record

    (Bloomberg) -- Argentina is importing record amounts of energy as the coldest winter in 40 years drives up demand and causes natural gas shortages, prompting Dow Chemical Co. and steelmaker…
  • Business & Finance National

    Opinion: FACTBOX-Key political risks to watch in Argentina

    BUENOS AIRES (Reuters) - Argentina has moved to clean up lingering damage from its massive 2002 debt default and lure investors as President Cristina Fernandez works to stoke economic growth…
  • Business & Finance National

    Argentine 2012 Bond Is BofA Choice as Government Pays Off Debt

    (Bloomberg) -- Argentine dollar-denominated bonds due in 2012 are being recommended by Bank of America Corp. as the government prepares to make a $2.2 billion payment today, leaving 25 percent…
  • Business & Finance National

    Mercosur trade bloc agrees to reduce customs fees

    SAN JUAN, Argentina — The Mercosur trade bloc agreed Tuesday on a common customs code that should speed up and reduce the cost of commerce across South America.Argentine President Cristina…
  • Business & Finance National

    India, Argentina to cooperate in agriculture

    India and Argentina Monday agreed to step up technical and professional cooperation in the agricultural sector and foster trade in plants and animal products between the two countries. The decision…
  • Business & Finance National

    Suez:Argentina's Liability Confirmed For Contracts Termination

    PARIS -(Dow Jones)- French utility Suez Environnement SA (SEV.FR) Monday said that the ICSID, the World Bank's independent arbitration body, has confirmed, on July 30, the Republic of Argentina's liability…
  • Business & Finance National

    Argentina ‘Squeeze’ Cuts Yields as Central Bank Profits Drawn

    (Bloomberg) -- Argentina is drawing on central bank profits to meet financing needs, putting off plans to sell its first international bond since 2001 as yields tumble.The central bank’s board…
  • Business & Finance National

    Argentina's Stocks Close Lower; Peso Weakens To ARS3.9425

    BUENOS AIRES (Dow Jones)--Argentina's stock market closed lower Friday while the peso weakened at an unusually quick pace to ARS3.9425 to the U.S. dollar. The Merval stock index fell 0.47%…
  • Business & Finance National

    ‘Marked-up prices is not a likely scenario,’ Boudou

    Economy Minister Amado Boudou spoke on inflation rumours and warned that "there are no macro-conditions for an inflationary situation to be triggered." Boudou stated that "the government is to carefully…
  • Business & Finance National

    INDEC: Construction activity grows 10% in first semester

    The construction activity increased 10 percent in the first semester of the current year against the same period in 2009, according to a report released by the Indec national statistics…
  • Business & Finance National

    INDEC: Supermarket sales up 19% in June

    National Statistics Bureau (INDEC) reported supermarket sales increased 19 percent in June year-year on year; 2.8 percent against May in non-seasonal terms at constant prices.Supermarket prices meanwhile gained 0.6 percent…
  • Business & Finance National

    Fernandez Says Argentina’s Jobless Rate Fell to 7.9%

    (Bloomberg) -- Argentina’s unemployment rate fell to the lowest in more than a year in the second quarter as economic growth picked up, President Cristina Fernandez de Kirchner said. The…
  • Business & Finance National

    CAF Loans Argentina $672 Million For Public-Works Projects

    BUENOS AIRES (Dow Jones)--The Andean Development Corporation, or CAF, has extended $672 million dollars in development loans to Argentina.The loans from the Caracas-based multilateral organization will be used for public…
  • Business & Finance National

    Argentina Pump Prices Help To Boost Repsol's Profit

    MADRID (Dow Jones)--Spanish oil firm Repsol YPF SA (REP) Thursday said its net profit, excluding inventory effects, surged 60% in the second quarter, lifted by higher prices at the pump…
  • Business & Finance National

    Fernandez Debt Swap Sends Bonds to Biggest Emerging Market Gain

    (Bloomberg) -- Argentine bonds posted the biggest advance in emerging markets this month after President Cristina Fernandez de Kirchner’s $12.9 billion restructuring sparked a credit-rating upgrade and revived demand for…
  • Business & Finance National

    Argentina Central Bank Transfers ARS3B Of Profits To Treasury

    BUENOS AIRES (Dow Jones)--The board of Argentina's Central Bank on Thursday approved the transfer to the Treasury of 3 billion pesos (763 million) of income booked in 2009. The transfer…
  • Business & Finance National

    Argentina sees 2010 fiscal surplus at 1.4 pct GDP

    (Reuters) - Argentina will have a fiscal surplus of at least 1.4 percent of gross domestic product this year, Economy Minister Amado Boudou said on Thursday.Boudou, speaking on local radio,…
  • Business & Finance National

    Public service jobs reach 74% at formal sector

    Even though domestic economy keeps growing at a good pace, job creation fails to come along with this process. Although official data report the formal employment rate increased by 1.5…
  • Business & Finance National

    Central Bank reserves amount to US$51.008 B, new record

    President Cristina Fernández de Kirchner assured at Government House, as she led the public rally for the bidding of funds for subsidized-rate loans for small and medium sized companies (Pymes),…
  • Business & Finance National

    Argentine Record Reserves Spur Search for Debt Buyers

    (Bloomberg) -- Argentina’s central bank is selling debt to companies for the first time in three years in a bid to curb growth in the nation’s money supply.Companies are eligible…
  • Business & Finance National

    Argentine Warrants Rally as Growth Spurs JPMorgan to Say ‘Buy’

    (Bloomberg) -- Argentine government securities linked to the nation’s economic growth have become a “buy” to JPMorgan Chase & Co. and RBC Capital Markets even after a two- month rally…
  • Business & Finance National

    Argentine wheat joins list plagued by dry weather

    Argentina has emerged as the latest country to face potential setbacks over wheat, with adverse weather threatening its recovery from a century-low in plantings."A new concern is bubbling up in…
  • Business & Finance National

    Kuwait, Argentina plan to sign several joint agreements

    KUWAIT: His Highness the Prime Minister of Kuwait Sheikh Nasser Al-Mohammed Al-Sabah's forthcoming visit to Argentina is expected to be marked by a number of joint agreements in several fields,…
  • Business & Finance National

    INDEC: Trade surplus drops 25% during the first semester

    INDEC national statistics bureau reported that the trade surplus totalled 1.291 billion dollars in June, plummeted 19 percent compared to the same month in 2009.It reached 7.491 billion dollars in…
  • Business & Finance National

    Argentina: where’s the beef?

    For the past four years, the ranchers who parade perfectly primped bulls at La Rural- an annual agricultural show as old as Argentina’s war of independence - have lamented how…
  • Business & Finance National

    Chinese funds to revive rail network in Argentina

    Chinese companies are to undertake route upgrades and supply rolling stock under a series of major contracts signed in Beijing on July 13th during the first state visit by President…
  • Business & Finance National

    Argentine Bond Yields Climb From 10-Year Low Versus Venezuela

    July 22 (Bloomberg) -- Argentine dollar bond yields relative to Venezuela’s are rising, narrowing the gap from the widest in a decade, as investors bet President Cristina Fernandez de Kirchner…
  • Business & Finance Local

    Investing in the Future of Olive Oil in Argentina

    Cuna de Olivares literally translated means “Cradle of olive groves”.This image of rocking the olives in a cradle reflects the care that Luis Feld, founder of the Argentinean olive oil…
  • Business & Finance National

    Argentina Stocks, Bonds Rally On Wall St, Potential Debt Sale

    BUENOS AIRES (Dow Jones)--Argentine bonds and stocks posted solid gains Thursday, buoyed by a rally on Wall Street and speculation that the government may be close to selling new debt…
  • Business & Finance National

    Argentina Ends China Anti-Dumping Probes, Set Levies

    July 22 (Bloomberg) -- Argentina closed probes and set anti-dumping levies on some Chinese products one week after the presidents of the two countries failed to end an embargo by…
  • Business & Finance National

    Primary surplus reaches 2.7 billion pesos in June

    Argentina's primary budgetary surplus gained 198.4 percent year-on-year in June to 2.7 billion pesos, according to Economy Ministry.During the first semester of the year, the primary surplus accumulated an increase…
  • Business & Finance National

    Foreign tourism increases 30% in June

    The number of tourists that arrived in Argentina during June reached 199,993 and increased 30 percent compared to the volume reported during the same month last year, according to an…
  • Business & Finance National

    Argentina's Nuclear Ambition to Enhance Long Term Uranium Demand

    Argentina's electric power generation currently employs uranium-based nuclear power generation for 6.8 percent of its capacity; however, the government expects that to rise to 21.1 percent by 2025. The goal…
  • Business & Finance National

    Mining companies criticise Argentina glacier law

    BUENOS AIRES (miningweekly.com) – Mining companies in Argentina have expressed disappointment after the country's Chamber of Deputies last week voted in favour of a law to protect mountain glaciers and…
  • Business & Finance National

    UPDATE: Argentina Minister Denies Plan To Ease Capital Controls

    BUENOS AIRES (Dow Jones)--Argentina Economy Minister Amado Boudou on Monday said the government doesn't have any plans to revise the country's capital controls. Local press had reported on Monday that…
  • Business & Finance National

    Private Report: New car sales soar 43% in June in Argentina

    The Association of Argentine Car Dealers (ACARA) reported the number of new cars sold through financing reached 19,173 units in June, which represents a 43 percent increase compared with the…
  • Business & Finance National

    Argentine Industries Face Gas Shortages as Cold Spurs Demand

    (Bloomberg) -- Argentine industrial users such as Dow Chemical Co. are suffering gas shortages amid a record cold winter in the Latin American country where temperatures fell below those in…
  • Business & Finance National

    Argentina to Ease Capital Controls This Month, Ambito Says

    (Bloomberg) -- Argentine President Cristina Fernandez de Kirchner will announce plans later this month to ease capital controls, newspaper Ambito Financiero reported, without saying where it obtained the information. The…
  • Business & Finance National

    CFK returns from China, Foreign Minister says Gov't 'very happy' with signature of exports accords

    Minutes after arriving from an official trip to China, Foreign Minister Héctor Timerman said President Cristina Fernández de Kirchner's visit went "very well" and assured that the recent accords would…
  • Business & Finance National

    Argentina Central Bank currency reserves hit new (brief) record

    Following the purchase of US$100 million, the Argentine Central Bank foreign currency reserves reached US$50.604 billion, US$87 million up compared to the previous record in May 28. However, it will…
  • Business & Finance National

    Economy grows 12.4% in May, according to Indec

    Economic activity grew 12.4 percent during May in relation to the same month of last year, which marked the greatest inter-annual increase since March of 2004, the Indec national statistics…
  • Business & Finance National

    Argentina Inflation Expectations Unchanged At 25%-UTDT

    BUENOS AIRES (Dow Jones)--Argentines' expectations for future inflation were unchanged in July from the previous month, according to a closely watched survey of consumers. Torcuato Di Tella University said Wednesday…
  • Business & Finance National

    Argentine Economy Will Grow ‘At Least’ 6% This Year, Boudou Says

    (Bloomberg) -- Argentina’s economy will grow “at least” 6 percent this year, Economy Minister Amado Boudou said in Buenos Aires.South America’s second-biggest economy will have a trade surplus of between…
  • Business & Finance National

    Argentina Accelerates Bond Sale as Rally Cuts Yields

    (Bloomberg) -- The biggest drop in Argentine borrowing costs in nine months is paving the way for President Cristina Fernandez de Kirchner to sell international bonds for the first time…
  • Business & Finance Local

    YPF to Do Exploratory Drilling at Mendoza's Llancanelo Field

    BUENOS AIRES – Oil company YPF, the Argentine unit of Spain’s Repsol YPF, plans to do exploratory drilling at the Llancanelo field in the western province of Mendoza.The project, which…
  • Business & Finance Local

    The vineyard real estate business expands

    Although wineries continue investing, the Uco Valley has become an attractive area for projects involving the division of land into plots and the construction of gated residential neighborhoods with vineyards.…
  • Business & Finance National

    Chinese leaders call for stronger links with Argentina

    BEIJING, July 14 (Xinhua) -- Top Chinese leaders expressed a desire to advance the strategic partnership between China and Argentina in meetings with visiting Argentine President Cristina Fernandez de Kirchner…
  • Business & Finance National

    Argentina cold spell cuts into gas supplies to industry

    Buenos Aires (Platts)--13Jul2010/553 pm EDT/2153 GMT As Argentina suffers its tightest natural gas shortages this year as acold spell jacks up heating demand, the federal gas agency said Tuesday thatcuts…
  • Business & Finance Local

    Mendoza to create new state water concessionaire

    Argentina's Mendoza provincial government has cancelled Obras Sanitarias Mendoza's (OSM) water and sanitation concession contract and will create the new state-run firm Agua y Saneamiento Mendoza (ASM) to replace it.The…
  • Business & Finance National

    ‘Natural gas transportation and distribution systems are working according to plan,’ ENARGAS says

    The Gas Authority (ENARGAS) assured that supply of natural gas to residential areas and liquefied natural gas (GNC) to gas stations is "guaranteed" despite the extremely low temperatures hitting the…
  • Business & Finance National

    Private Report: Argentina: UIA: May industrial output gains 14.3%

    The industrial output increased 14.3 percent in May compared to the same month last year, according to a report provided by the Argentine Industrial Union (UIA). Meanwhile, the industrial output…
  • Business & Finance Local

    Banks to continue up-to-50 month payment plans for now

    Due to the success in Mendoza of the recent promotions that people take advantage of to buy products such as laptops, washing machines, and refrigerators, some local banks have confirmed…
  • Business & Finance National

    Residential natural gas consumption might cut off provision of CNG

    Since the new gas pipeline under the Strait of Magellan started operating at the beginning of July, the gas transport capacity has reached 136 million cubic metres per day. However,…
  • Business & Finance National

    Presidents CFK, Hu Jintao sign bilateral agreements

    In her second day of official activities with her Chinese counterpart Hu Jintao, President Cristina Fernández de Kirchner signed a series of bilateral agreements and will later be honoured in…
  • Business & Finance National

    China Backs Argentina's Railways

    BEIJING—Argentina said it secured an agreement with China for the Asian giant to invest $10 billion in the South American country's railways sector, China's latest move to extend its influence…
  • Business & Finance National

    Fitch Lifts Argentina Out of Default to 'B'

    Fitch has upgraded Argentina’s long-term foreign currency IDR to ‘B’ from ‘RD’ with a Stable Outlook. Fitch also upgraded the long-term local currency IDR to ‘B’ from ‘B-‘. The upgrade…
  • Business & Finance Local

    Sotheby’s opening office in Mendoza city

    Sotheby’s International Realty has chosen Mendoza for its next location to open an office, and already has properties from Mendoza City and Cruz de Piedra listed on its website.The company…
  • Business & Finance National

    CFK calls for G20 to ‘outline a financial regulation scheme’

    Within the framework of her institutional trip to China, President Cristina Fernández de Kirchner gave a conference on several issues. She highlighted that Argentina is seeking to attend the next…
  • Business & Finance National

    Argentina’s Mirgor Accepts Offer to Assemble Nokia Mobile Phones

    July 8 (Bloomberg) -- Argentine manufacturer Mirgor SACIFIA has agreed to assemble Nokia Oyj mobile phones at a factory in the South American nation’s southernmost province of Tierra del Fuego.…
  • Business & Finance National

    CFK arrives in China as trade and commercial tensions continue

    President Cristina Fernández de Kirchner arrived in Beijing where she was welcomed by the Argentine Ambassador to China, César Mayoral, and China's national ceremonial director.The president Landed on the Tango…
  • Business & Finance National

    China’s Soy Imports Jump to Record on Argentine Row

    (Bloomberg) -- Soybean imports by China, the biggest buyer, jumped to a record in June after a halt to Argentine soy oil shipments and increasing feed consumption boosted demand from…
  • Business & Finance National

    Argentina Stocks Up; Ctrl Bank Buys Record $262M In Forex Mkt

    BUENOS AIRES (Dow Jones)--Argentina's stock market ended higher Thursday but the real action took place in the foreign-exchange market, where the central bank bought a record $262 million worth of…
  • Business & Finance National

    Central Bank reserves once again exceed US$50 Billion

    International reserves once again exceeded the US$50 billion mark, boosted by an intervention to the Central Bank by the market in a record purchase of US$262 million.The monetary entity detailed…
  • Business & Finance National

    Government announces increase on income tax floors

    Economy Minister Amado Boudou announced a 20 percent increase of the income tax floors. The public announcement was made along with the head of the AFIP revenue office head Ricardo…
  • Business & Finance National

    Argentina Files Fraud Charges Against JP Morgan, Local Companies

    BUENOS AIRES (Dow Jones)--Argentina has filed criminal charges against several local companies and JP Morgan Chase & Co. alleging the defrauding of local pension funds through the manipulation of share…
  • Business & Finance National

    Private report: Argentina's payment capacity climbs 14%

    The debt payment capacity index (ICPA) elaborated by the Centro de Estudios de la Nueva Economía (CENE) of the Universidad of Belgrano rose 14 percent in May from March. It…
  • Business & Finance National

    Argentina's Supervielle Bank To Buy Local GE Money Unit

    BUENOS AIRES (Dow Jones)--Argentina's Grupo Supervielle on Wednesday said it has agreed to buy the local operations of GE Money, including the consumer credit services for Wal-Mart Argentina, for an…
  • Business & Finance National

    Buenos Aires: Bank clerks lift roadblocks after going on strike

    Banks' clerks lifted all roadblocks and protests set in the streets of downtown after calling on strike and interrupting all customer care services as part of the protests and claims…
  • Business & Finance National

    Argentina, China to sign US$10BL bilateral trade agreements

    President Cristina Fernández de Kirchner is set to sign bilateral trade agreements totalling US$10 billion with China within the framework of her official visit to the Asian country scheduled for…
  • Business & Finance National

    Argentina's Government Vows To Maintain Stakes In Companies

    BUENOS AIRES (Dow Jones)--Argentina's government says it has no plans to sell the stakes in local companies that it inherited when it nationalized private-sector pension funds in late 2008, as…
  • Business & Finance National

    Economy Ministry confirms 70.2% debt swap acceptance rate

    The participation rates for the debt swap programme launched by the Argentine government was registered at 70.2 percent, more than the original 66.4 percent originally announced. The Economy Ministry confirmed…
  • Business & Finance National

    Surprise strike by Aerolíneas Argentinas and Austral employees leaves Mendoza passengers grounded

    Delays and cancellations are hampering passengers this morning who are trying to arrive or depart from Mendoza as employee members of the union APA (Asociación Personal Aeronáutico) launched a surprise…
  • Business & Finance National

    Automotive production rises 46.6% in June, exports up 39% year-on-year

    Automotive production rates in Argentina increased 46.6 percent year-on-year in June to 65,256 units, according to the ADEFA Argentina car-makers' association. The rates are promoting the domestic economy.The national fabrication…
  • Business & Finance National

    Labor demand falls 1% in June

    The labor demand index elaborated by the Center for Financial Research (CIF) at the Torcuato Di Tella University declined 1 percent in June from the previous month, hit 58.9 points.…
  • Business & Finance National

    As of August 18, non-stop flights Mendoza to Bariloche, Salta, and Iguazú

    Aerolíneas Argentinas plans to make non-stop flights availbale from Mendoza to Bariloche, Salta, and Iguazú where previously one had to first connect through Buenos Aires. Flights to will be twice…
  • Business & Finance National

    Kirchner to meet with Piñera in Chile, discuss UNASUR measures

    Ex Argentine President and current UNASUR Secretary General Néstor Kirchner will meet with Chilean President Sebastián Piñera this week, along with political and parliamentary leaders from that country. Kirchner will…
  • Business & Finance National

    Tax revenue grows 39.4% in June year-on

    Tax revenue grew 39.4 percent in June compared to the same month of last year, reaching a total of $39.8 billion, according to the AFIP revenue office.June's data was made…
  • Business & Finance Local

    Wind farm to be built in Mendoza

    Argentina's state power company Enarsa has awarded 754MW of wind and a total of 895MW worth of renewable projects in its Genren tender. A total of 32 projects were awarded…
  • Business & Finance Local

    Significant differences between official and private inflation studies

    While the government of Mendoza continues to refine its official price tracking entity (Dirección de Estadísticas e Investigaciones Económicas or DEIE), the differences between official figures and private studies continue…
  • Business & Finance National

    Banks employees set to strike for a few hours Thursday and on July 14

    Employees belonging to the national labor union “La Bancaria” are pointing out undelivered promises such as salary agreements and unresolved income tax deductions on paychecks, and are set to strike…
  • Business & Finance National

    Volkswagen Invests $155M To Increase Argentina Gear Box Output

    BUENOS AIRES (Dow Jones)--German auto manufacturer Volkswagen AG (VLKAY, VOW.XE) will invest $155 million in its Argentine operations to increase local gear box production by 27%, the company said in…
  • Business & Finance National

    Argentina To Inaugurate New Natural Gas Pipeline Wednesday

    BUENOS AIRES (Dow Jones)--Argentine officials Wednesday will inaugurate a key new pipeline bringing natural gas from the southern Tierra del Fuego Province to the neighboring province of Santa Cruz. The…
  • Business & Finance National

    INDEC: Construction activity grows 12.7% year-on in May

    Construction activity grew 12.7 percent during May in comparison to the same month of 2009, the Indec (Instituto Nacional de Estadística y Censos ) national statistics bureau informed.Also, during the…
  • Business & Finance National

    INDEC: Supermarket sales grow 16.3% year-on in May

    Supermarket sales increased 16.3 percent year-on in May and 2.3 percent in relation to April, the Indec (Instituto Nacional de Estadística y Censos) national statistics bureau announced.According to the Supermarket…
  • Business & Finance Local

    INDEC: Mendoza rises two spots in national rank of salaries

    The Instituto Nacional de Estadística y Censos (INDEC) yesterday released figures showing Mendoza moved up from number 15 to 13 in terms of national salary ranking for the first half…
  • Business & Finance National

    Gov't borrows US$1.22 bln from ANSES

    The federal government ordered the issue of two Treasury notes worth a total of US$1.223 billion, according to resolution 18/2010 published today in the Official Gazette.Placement was made with direct…
  • Business & Finance National

    Long distance bus drivers plan 24 hour strike Thursday

    If you are traveling across Argentina this Thursday, plan accordingly. There is a 24 hour strike in the works planned to start Thursday, over back pay that the Unión Tranviarios…
  • Business & Finance National

    New goal for Boudou: Issuing debt in USA

    What are Economy Minister Amado Boudou's plans after the debt-swap?His scope of action is restricted to the ministry's two main departments: Treasury and Finance. Boudou's most significant effort is centered…
  • Business & Finance National

    CFK announces creation of Tourism Ministry, cites statistics' growth

    President Cristina Fernández de Kirchner announced the creation of the Argentine Tourism Ministry at Government House, saying that since 2003 "tourism statistics have been incredible and the amount of dollars…
  • Business & Finance National

    Argentina Bonds Rise On Swap, Growth Optimism; Stocks Slip

    BUENOS AIRES (Dow Jones)--Argentine stocks edged lower Monday in line with Wall Street, while bonds got a boost from post-swap optimism and signs of continued strong economic growth.Bond buying was…
  • Business & Finance National

    Argentina's Bourse Wants To Ease Capital Controls

    BUENOS AIRES (Dow Jones)--Argentina's financial bourse is looking to capitalize on government attempts to restore access to international capital markets with a proposal to ease capital controls to bring back…
  • Business & Finance National

    EC calls for Argentina to 'lift European imports block'; Gov't assures 'no ban is recorded'

    After the European Commission spokesperson John Clancy formally addressed Argentine authorities and requested Buenos Aires to "stop blocking European import immediately," Industry Minister Débora Giorgi tackled the so-talked-about controversy and…
  • Business & Finance National

    Argentina May Shopping Center Sales +37.4% On Year -Indec

    BUENOS AIRES (Dow Jones)--Argentina's shopping center sales in May continued to post strong growth on the back of high clothing, footwear and electronics sales, the national statistics agency Indec reported…
  • Business & Finance Local

    Construction begins on greater Mendoza’s third shopping mall

    Today construction begins of a third shopping center in greater Mendoza, on the five hectares where "Acuapark" use to operate, on the east side of Accesso Sur (Highway 40) in…
  • Business & Finance National

    CFK asks for support for crisis countries, clashes with Sarkozy

    Argentina President Cristina Fernández de Kirchner delebrated that the fiscal adjustments were not "legitimized" as a solution to the economic crisis at the G-20 meeting in Toronto, Canada, according to…
  • Business & Finance Local

    Mendoza city puts up three properties for sale

    The city of Mendoza has announced the sale of three properties within it’s boundaries. Two are situated in the “Sexta Sección” (Sixth Section), and the third one in the “Segunda…
  • Business & Finance National

    Argentina says reaches deal with China over soyoil

    (Reuters) - Argentina has reached an agreement with China to end the Asian nation's freeze on Argentine soyoil imports, the government said on Friday, but some traders were skeptical that…
  • Business & Finance National

    Income tax floor rise in the works

    A rise in the income tax threshold is reportedly on the cards next week, which would affect a considerable number of employees. Discussions are rumbling on once again with regards…
  • Business & Finance National

    Bill on way to Congress to sanction companies that work under British administration in Malvinas

    The Lower House issued a majority opinion, without dissent, on the bill that contemplates sanctions for companies that operate in Argentina and that wish to participate in the Malvinas Islands…
  • Business & Finance National

    Argentine GDP Warrants Climb to 1-Week High on Growth Outlook

    June 25 (Bloomberg) -- Argentine warrants linked to gross domestic product climbed to a one-week high on bets that growth in South America’s second-biggest economy will trigger payments. The dollar-denominated…
  • Business & Finance Local

    A Mendocino version of Silicon Valley?

    The government has made available 3.9 hectares (9.6 acres) of land in the “Puerto Seco” area just southeast of Mendoza City to develop a Technology Industry Park based on the…
  • Business & Finance National

    Argentina Seen Reporting Strong April Proxy GDP Growth

    BUENOS AIRES (Dow Jones)--Argentina is expected to report continued strong economic growth in April as bumper crops, strong consumer spending and high government expenditures fuel a rebound from last year's…
  • Business & Finance National

    Congress mulls banning age, sex, social factors from employment advertisements

    Lawmakers have sent a bill to congress that imposes fines for companies that use processes to hire employees that include inquiries or requirements related to age, sex, and other social…
  • Business & Finance National

    Argentina, Brazil create US$100M investment fund

    Economy Minister Amadour Boudou and Brazilian counterpart Guido Mantega announced the creation of an investment fund aimed at financing Argentine companies, amid the framework of a series of meetings held…
  • Business & Finance National

    Direct deposit of payroll: banking fees to be refunded

    According to a resolution released by the Board of Directors of the Central Bank, local banks are to reimburse all the banking fees charged since May 6.This measure is enforceable…
  • Business & Finance Local

    Starbucks setting up shop in Mendoza in 2011

    Until recently, the strategy of Starbucks in Argentina was to concentrate many stores in the Buenos Aires area, in malls and other high traffic areas. The majority of them are…
  • Business & Finance National

    National telephone strike for 48 hours by duopolies Telefonica and Telecom

    The Federation of Telephone Workers and Employees started the strike at midnight last night, citing “unproductive negotiations”, according to the secretary of the federation Silvia Hidalgo.The group is seeking a…
  • Business & Finance National

    Investment In Argentina Reaches 20.8% Of GDP in May - Research

    BUENOS AIRES (Dow Jones)--Total investment in Argentina showed further improvements in May, led by investments in machinery and equipment, research firm Orlando J. Ferreres & Asociados said Wednesday. "Investment levels…
  • Business & Finance National

    La Boca in Buenos Aires is part of a ten city-ten architect future imagination exhibit in New York

    The Institute for Transportation and Development Policy (IDTP), with headquarters in New York and Hamburg and a field office in Buenos Aires, has an exhibition starting today at the Center…
  • Business & Finance National

    Boudou ratifies debt-swap acceptance rate reaches 66%

    In a press conference, Economy Minister Amado Boudou announced the debt-swap acceptance rate has reached 66 percent. Investors have entered 12.067 billion dollars in defaulted Argentine bonds, representing an overall…
  • Business & Finance National

    Timerman takes over Foreign Ministry

    President Cristina Fernández de Kirchner swore in Foreign Minister Héctor Timerman yesterday whose critics claim is trying to pressure a former ambassador in an attempt to cover up alleged bribes…
  • Business & Finance National

    Debt-swap acceptance rate reaches 68%

    The latest available information on the debt-swap reported a higher acceptance rate reached at last-minute: investors have entered US$ 12.5 billion in defaulted Argentine bonds, representing a participation rate of…
  • Business & Finance National

    Argentine Bonds Decline as Debt Swap Offer Deadline Arrives

    (Bloomberg) -- Argentine bonds declined for the first time in 10 days ahead of today’s deadline on the country’s offer to restructure $18.3 billion in defaulted bonds held out of…
  • Business & Finance National

    Argentine Truck Drivers to Get 24% Wage Increase, Cronista Says

    (Bloomberg) -- Argentina’s 250,000 truck drivers will receive an average wage increase of 24 percent in an agreement to be signed today, El Cronista said, without saying where it obtained…
  • Business & Finance National

    Developing countries' economic measures key for surviving crisis, IMF report says

    The International Monetary Fund mentioned the measures used by developing economies to ease the impact of the financial crisis worldwide on production and employment levels.According to the organization's press release,…
  • Business & Finance National

    Used cars sales increase by 14.29% in May

    Used cars sales increased by 14.29 percent last month, adding up to a total 17.32 percent jump so far this year when compared to 2009, which will cause a price…
  • Business & Finance Local

    Movistar Argentina appoints Cordillera regional manager

    Movistar Argentina has appointed Gustavo Truffini as its regional manager for the Cordillera region. In his new position, Truffini will manage Movistar's operations in the provinces of Mendoza, San Juan,…
  • Business & Finance Local

    Father’s Day and Flag Day dual long holiday weekend result in aproximate 50% hotel occupancy

    In spite of lower expectations due to historical statistics, and the winter vacations just around the corner in July, many of the hotels in the province of Mendoza are experiencing…
  • Business & Finance National

    Emerging economies could be hit by euro devaluation, private report

    A report released by IAEF Argentine Finance Executives Institute think tank concluded that a further euro depreciation would give Germany an extraordinary competititveness and a savings capacity, involving a premature…
  • Business & Finance National

    Gulf oil spill to pressure oil exploration-Chile minister

    (Reuters) - The large oil spill in the Gulf of Mexico will put substantial pressure on the industry to halt offshore deepwater drilling as long as the cause of the…
  • Business & Finance National

    Argentina Accelerating Trade Permits From Brazil, Importers Say

    (Bloomberg) -- Argentina is accelerating permits for food imports from Brazil after companies said they would conduct trade in local currencies instead of U.S. dollars, said Diego Perez Santisteban, head…
  • Business & Finance National

    May primary surplus soars to 3.02 billion pesos

    The primary fiscal surplus in Argentina soared 229.4 percent to 3.02 billion pesos in May year-on-year, according to the figures provided by Economy Minister Amado Boudou. The volume reported is…
  • Business & Finance National

    Industrial output rises 10.2% in May

    Industrial output in Argentina grew 10.2 percent in May compared to the same month last year, INDEC statistics bureau reported. The government's monthly EMI industrial activity index rose 0.2 percent…
  • Business & Finance Local

    Mendoza: Real estate transactions grew 6.3% in the first trimester of 2010

    Indications show that the sales and purchases of properties in the Mendoza province are recuperating compared to last year, according to data provided by the government (Registro Público y Archivo…
  • Business & Finance National

    Nation: Informal employment falls to 34.6%, Indec

    The rates of informal employment dropped to 34.6 percent in the first trimester of 2010, a loss of 1.8 percentage points compared to the same period in 2009, according to…
  • Business & Finance Local

    New wine & real estate project starting in Gualtallary in Uco Valley

    Julio Camsen, the owner of Huentala Inversiones Hoteleras, which owns the Huentala Hotel and is a partner of the Sheraton Mendoza, acquired 200 hectares in a special area of Tupungato…
  • Business & Finance National

    Economy grows 9.7% in May

    The Centre for the Economic Studies led by Orlando J. Ferreres & Asociados reported Argentina's economy increased 9.7 percent during May year-on-year. During the first five months of the year…
  • Business & Finance National

    Pay Rises 43% as Argentines See Inflation Triple Official Rate

    June 16 (Bloomberg) -- Argentine labor leaders are demanding the biggest wage increases in more than 15 years to compensate for inflation they say is running at more than three…
  • Business & Finance National

    Argentina May Move to Lift Capital Controls Post-Swap

    June 15 (Bloomberg) -- Argentina will likely move to lift capital controls following the conclusion of the country’s $18.3 billion debt swap, the head of the Buenos Aires Stock Exchange…
  • Business & Finance Local

    ConstruirYa – a new web portal for construction and architecture in Mendoza

    Local architect Diego Andolza has invested $15,000 pesos, commissioning Agencia A-ene Comunicación to make his idea a reality of having a central spot on the web where people can get…
  • Business & Finance National

    Public, private sectors eye US$300mn binational bridge - Argentina, Uruguay, future expected through Mendoza

    Uruguay's public and private sectors are discussing the possibility of building a new US$300mn bridge to connect the country's highway and rail networks to neighboring Argentina, an official from the…
  • Business & Finance National

    Steel production rises 63.1% in May

    Crude steel production grew 63.1 percent in May year-on and 2.5 percent with regards to April, according to the Steel Industrial Centre (CIS)."Crude steel production in May 2010 reached 438,400…
  • Business & Finance National

    Andes Energia To Trade On Argentina's Stock Exchange This Week

    BUENOS AIRES (Dow Jones)--Andes Energia PLC (AEN.LN), an Argentine-based energy group, expects its shares to start trading on the Buenos Aires Stock Exchange this week, the company's chief executive said…
  • Business & Finance National

    INDEC: May cost of living data

    The increase in the cost of living was 0.8 percent in May, according to the INDEC National Statistics Bureau. The cost of living climbed 5.1 percent in the first months…
  • Business & Finance National

    Economy Ministry continues to seek 60% adhesion to debt-swap

    Finance Secretary Hernán Lorenzino and the area's Sub-secretary Adrián Cosentino will be in Japan and Italy tomorrow in order to promote the debt-swap among bondholders in those two countries. Afterwards,…
  • Business & Finance Local

    More than 1000 books discussed on Mendoza start-up “Bukear.com”

    Social-network start-up “Bukear.com” has one simple question for you: “What are you reading?” The purpose is to generate dialogue between readers of books and magazines. Bukear, which is currently available…
  • Business & Finance National

    Domestic plane tickets hiked 15%

    Plane tickets on domestic flights to all 30 destinations in Argentina went up by an average of 15 percent from midnight last night, according to Resolution 118 of yesterday’s Official…
  • Business & Finance National

    China eyes Argentina for space antenna

    China is studying plans to install a satellite dish in Argentina for Beijing's space program, a local official said Wednesday."China sent a delegation to Argentina to study the possibility of…
  • Business & Finance Local

    Trout farms in Mendoza in evolution

    Trout farms in Argentina are growing and exporting, but in the Mendoza province, after several attempts, only two are operational. One is in Malargüe and the other is in Tupungato,…
  • Business & Finance Local

    Wave of shopping promotions using credit cards beefed up consumer purchases in Mendoza

    Payments with no interest and discounts using certain credits have been popular promotion vehicles the last few weeks for retailers in Mendoza, who are taking advantage of more money available…
  • Business & Finance National

    US dollar arrives within a penny of 3.95 in Mendoza, indicated in the national budget for 2010

    Today exchange house were quoting 3.94 (sell) for the US Dollar, which is one penny shy of the 3.95 indicated in the Argentina’s 2010 budgetThe peso devalued against the US…
  • Business & Finance National

    Central Bank reserves increased by over one billion US dollars in the month of May

    Argentine central bank reserves increased to U$S 49,082,000,000 dollars by the end of May, after increasing by 1,024,000,000 just in May, despite international financial volatility and the European debt crisis.In…
  • Business & Finance Local

    Lan Argentina has secured 53 percent of flights between Buenos Aires and Mendoza, to open new branch

    Local manager Guillermo Peripolli said Lan Argentina, on June 10th , is opening a new branch office in downtown Mendoza located at 256 Rivadavia street in order to accommodate the…
  • Business & Finance Local

    Local commission of the AFCI wants Mendoza to be the “Hollywood” of South America

    The non-profit group Association of Film Commissioners International, with headquarters in Wyoming, USA, has setup a branch in Mendoza and is actively looking to provide links for outdoor venues, local…
  • Business & Finance Local

    Over the four day holiday weekend, "Mendoza’s wineries were full of tourists"

    Long weekends are eagerly awaited by wineries in Mendoza. This time, in honor of the Argentinian Bicentennial, many of them offered special festive menus, tours and activities. Here are some…
  • Business & Finance Local

    Study finds that Mendocinos have cautious shopping habits

    The private market study company Evaluecan conducted a recent study of 187 people (100 men and 87 women) between the ages of 20 and 45 years old, that showed 53%…
  • Business & Finance Local

    Mendoza hotels at or near capacity due to dual long weekends in Argentina and Chile

    The hotels of the greater Mendoza metropolitan area are 100% occupied, with many tourists having to rent rooms in private houses to alleviate the flood of tourists that have arrived…

 

Video of the moment:

 
         
 Take a step in time and see dozens of
      images of Vendimia Queens of yesteryear, 
with all the classic music at hand,
in a very well done video.

       See prior "Videos of the moment" 

 
                msunhr2-bold-bc-32
CONTRIBUTING AUTHORS

ab52x52  Amanda Barnes

Articles:

Interview Simon Dean, Drip Couture
"Simon Dean is one such expat who is discovering the benefits of working for international companies while using local talent and basing himself in the rather agreeable city of Mendoza"

Mendoza start up awarded USD 40,000 to expand to Chile
"As the first rent payment system of its type in South America, PagaTu Alquiler is seeing doors open across the continent even though people have been slow to embrace it here"
Mining Argentina - Interview with a Geologist
"Mining is a hot topic in Argentina. Amanda Barnes interviews geologist Bruce Smith to learn just what all the fuss is about"
Family on bicycles, arrival Mendoza from Alaska
"Young family from Idaho have pedaled their way through 15 countries and well over 20,000 miles"
Bodega Salentein: A Work of Art
"The restaurant is one wing of the visitor’s centre, Killka, which is an unusual Bormida & Yanzon-designed glass and concrete structure of cubes which opens up into an interesting interplay of light, space and sky on the inside." 
Bodega Atamisque: the finer things in life
"Drinking a lovely buttery and honey Chardonnay we started on the fresh and light trout ceviche and a dense, rich terraine with red pesto as starters.."
Tupungato league: Finca Sophenia and Jean Bousquet

"The Uco Valley has relatively little disease. This natural blessing is fiercely protected within the zone – no fresh produce can be brought in from outside the valley.."
Mendoza's underground green scene

"Mendoza’s conscientious younger generations are moving towards an altogether different trend: vegetarianism and animal rights."
Sommelier School: Educating the senses (graduation)

"After learning the principles of tasting a wine we moved onto the practical part and fortunately with plenty of the good stuff from Mendoza’s younger generations"
Cooking and Wine - Familia Zuccardi

"
It was fascinating to learn about the history of these wood-burning cement pods and see how the restaurant embraces a real range of cooking techniques"
Italian food in Mendoza
"And, how does Maria Teresa make her renowned pasta you ask? “You take flour, eggs and a pinch of salt and knead it as if you are conducting music"
  O. Fournier: A Winery Blending Cutting-Edge Architecture, Fine Wines and Gourmet Food
"O Fournier is probably one of the most architecturally famous, and strangest looking, bodegas in the world."   

See more articles by Amanda Barnes..

Do you have an article
to contribute?

Fine Wine and Music: A Classic Combination

                msunhr2-bold-bc-32
           TECH TALK

Gizmos good to go: Smart new traveling companions are practical and tech-savvy
"These are a few of the innovative products that were on display at the recent 2011 Travel Goods Show"
How I became a Foursquare cyberstalker

"In the short time it has taken me to walk to this pub in central London, I probably know more about her than if I'd spent an hour talking to her face-to-face"
iPad Review: The best way to experience your digital life
"A lot of people ask me questions like: is it just a big iPhone? will it replace my laptop? can I run Microsoft’s Office on it?"
  
Using Wi-Fi safely in Mendoza and around the world

"These days, criminal hackers are known to sit in airports for hours at a time, appearing to be a traveler.."

Directory of businesses
with English-speaking staff


engspk2
 
                msunhr2-bold-bc-32
        PRESS RELEASES

Delta and Aerolineas Argentinas to Start Codeshare Flights, Frequent Flier Benefits
"Delta Air Lines and Aerolineas Argentinas today announced a codesharing agreement"

Terra Energy receives contract from YPF for oil and gas exploration

"Terra Energy & Resource Technologies, Inc., a technology provider for exploration of natural resources, has received a services contract from YPF for oil and gas exploration of a license area in the province of Mendoza, Argentina"
Malbec World Day - April 17th
"Wines of Argentina, the organization responsible for promoting the image of Argentine wines around the world, decided to establish April 17 as Malbec World Day to honor the country’s
emblematic variety"

Liz Caskey Culinary & Wine Experiences Announce The Age of Argentina Tour to Explore Vibrant Buenos Aires and Mendoza in August 2011

"Other highlights include the meals and cultural excursions..private tango lessons..visit a variety of vineyards and wineries.."



See more press releases...

Tunnel to Chile
paso-cristo-redentor-s

OPEN
greenlightbutton-s
ABIERTO

Feb 4

Mendoza Weather

Powered by JoomlaGadgets

twitter-ms

facebook-ms

Most Read

  • VI Foro Internacional Vitivinícola (6th International Winemaking Forum) on horizon in September
    VI Foro Internacional Vitivinícola (6th International Winemaking Forum) on horizon in September
  • New Mendoza Wine Tours Offered by SayHueque.com
    New Mendoza Wine Tours Offered by SayHueque.com
  • New Bodega López Restaurant
    New Bodega López Restaurant
  • High profile corner of Plaza Indpendencia to house “Kingo” fast foods for eat-in and carry out
    High profile corner of Plaza Indpendencia to house “Kingo” fast foods for eat-in and carry out
  • IMF mission meets with Mendoza gov't officials over new CPI
    IMF mission meets with Mendoza gov't officials over new CPI
                msunhr2-bold-bc-32
           INTERVIEWS
 

Terroir work should be improved
"Pedro Parra is an authority on terroirs. This year, Decanter magazine regarded him as one of the 50 most influential figures in the wine world"

13 Questions for Emily Camblin Marketing Director
"How Did You Get Where You Are Today? A passion for wine and food..."

Keith Goldston, Master Sommelier

“Argentina competes best in the U$S 15- 30 price range”

Davy Daryl Vogel Davy Ushuaia argentina
“In terms of education, what have you learned about the world you’ve traveled through?” 
Marcos Flores Tlalpan, judge of the AWA 2011

"Apart from Malbec, what other Argentinian variety may succeed in Mexico?"


 
See more interviews..

Live Camera
Walking Street / Mendoza City
livecamwalkingstreet

Live Camera
Mendoza City
mdzwebcam1

The Mendoza Sun on Facebook
                msunhr2-bold-bc-32
           TRAVELER
         IMPRESSIONS

Malbec, Malbec, Malbec!: Wine Tasting Thru Argentina's Mendoza Wine Region
"I was fascinated by how much of my youthful generation visited the Mendoza regions, most on long South America tours between destinations Buenos Aires and Santiago"
Meat & Malbec: Surviving the Park Hyatt Masters of Food & Wine
"I also liked that we were given a taste of Argentine culture, from tango displays to a “flash opera” performance"
High life in Argentina

"Fin O'Driscoll travelled to South America to climb the continent’s highest peak but mother nature intervened"

Meditations on a race in Argentina

"The 35km Carrera Vendimia Nocturna race in Mendoza, Argentina celebrates the annual wine harvest"

Mendoza, by the glass

"These Andean foothills 4,000 feet above sea level have become a hub for wine lovers"

Corkheads: Bodegas Salentein and Mendoza's Uco Valley

"The scene is spectacular, vastly different from anything I've seen in Northern California wine country"


  • About / Contact The Mendoza Sun
  • Reset user setting
  • Top
Copyright © 2012 The Mendoza Sun | News digest and event guide for Mendoza, Argentina. All Rights Reserved. Designed by JoomlArt.com.