September 2, 2014

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

• Discussion of immigration policies launched

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

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

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

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

President Cristina Fernández de Kirchner has revealed that the Minimum Wage Council unanimously decided to raise the base salary by 31 percent for 2014, which means that workers currently earning that wage will see their incomes pass from 3,600 pesos to 4,716.

• Yasky to demand 35% minimum wage hike

President Cristina Fernández de Kirchner has presented a sworn statement of her assets, which totalled more than 55 million pesos in 2013.

• Cristina: Poverty due to 'unfair distribution'

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

Amid ongoing tensions between Kirchnerite progressives and security secretary

Massa openly supports law and order approach

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

Argentina's tax revenue jumped 31.3 percent in August from a year earlier to 99.7 billion pesos ($11.852 billion), the government said today.

Agriculture Minister Carlos Casamiquela predicted that Argentine food export to Russia “could increase between 1,800 and 2,000 million dollars” and expected the operations to begin on September 15, when officials and business leaders of both countries meet in Moscow’s World Food exhibition.

Cabinet Chief Jorge Capitanich adressed the warnings issued by different analysts about the government’s record monetary base expansion in August. He dismissed a negative impact on inflation rates saying “analyst’s forecasts will not necessarily happen.”

Heavy fighting between the Syrian army and Islamist rebels erupted today on the Golan Heights, where the militants have wrested control of a key frontier crossing which had been operated by the United Nations.

Nigeria has a third confirmed case of Ebola in the oil hub of Port Harcourt, bringing the country's total confirmed infections to 17, with 271 people under surveillance, the health minister said.

Cabinet Chief Jorge Capitanich reiterated Argentina’s demand for a stay to US Judge Thomas Griesa in the dispute against its holdout creditors. “When we think of a simple, easy solution, it is up to Judge Griesa. It is to issue a stay until the first trimester of 2015,” he stated.

After the controversy sparked by Security Secretary Sergio Berni’s remarks on foreigners who “come to Argentina to commit crimes”, the government has decided to launch a “round table” with NGOs to discuss immigration policies.

Prime Minister David Cameron today announced plans to strip suspected Islamist militants of their passports temporarily, to combat the threat posed by radicalized Britons returning from Syria and Iraq.

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

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

• Ukraine accuses Russia of 'open aggression'

At least 10 people died and four were severely injured when a minibus and an YPF cistern-truck collided on National Route 9, in southern Santiago del Estero province, near the town of El Simbol.

US stocks opened flat today after the S&P 500 closed out its best month since February, ahead of reports on the manufacturing sector.

The National Meteorological Service (SMN) has issued an alert for downpours and winds in Buenos Aires City and sorrounding areas.

The General Presidency secretary, Oscar Parrilli, has responded to the enquiries of federal judge María Servini de Cubría with a detailed report on telephone calls from Government House, as part of an investigation into ephedrine trafficking in Argentina.

• Gov't to respond to Judge Servini's request

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

President of Brazil Dilma Rousseff asserted that unemployment and recession would be the result should Marina Silva's economic programme be put into place, as the two presidential candidates clashed in a debate ahead of the first round of elections on October 5.

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

Are polls wrong about Scots’ breakaway hopes?

By Andrew Osborn

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

Andy Murray fended off Jo-Wilfried Tsonga 7-5 7-5 6-4 in intense heat at Flushing Meadows to reach the quarter-finals of the US Open.

A further 1,370 Iraqis were wounded and 600,000 people forced to flee as Islamic State militants, who have grabbed large areas of territory since June, pushed into land controlled by Kurdish troops and targeted religious minorities.

By Frankie Deges

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

By David Mackintosh

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

The British government has said it deplored an Israeli decision to appropriate a large swathe of land inside the occupied West Bank, saying the move would seriously damage Israel's international reputation.

• Israel claims West Bank land

The FBI said yesterday it was addressing allegations that online accounts of several celebrities, including Oscar-winning actress Jennifer Lawrence, had been hacked, leading to the posting of their nude photographs online.


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Full MARKET coverage HERE

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• World Trade

Argentine trade opportunities with Russia healthy but no panacea

• On Sunday

Brushing aside Socialist Dreams

Marcos López, visual artist

‘I’m a prisoner of Latino Pop’

By Cristiana Visan

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

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

Javier Zanetti's Pupi Foundation team came out victors in a special Match for Peace organised by Pope Francis, winning 6-3 over Diego Maradona's Scholus thanks to three goals from Mauro Icardi.

• Maradona furious at Icardi appearance • Pope wishes "good luck" to players

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