October 21, 2014

The US dollar closed one cent up at 8.50 pesos today in Buenos Aires City banks and exchange offices. The blue-chip swap rate climbed 37 cents to 14.07 pesos.

Media conglomerate Grupo Clarín today presented a formal legal challenge against the president of AFSCA media watchdog Martín Sabbatella, which was dismissed as ridiculous by the official as the dispute over a forced divestment of the company's multimedia assets continues.

Private and Public banks in the country will be paralysed on Wednesday due to a nation-wide strike called by the union which represents employees in the sector with renewed demands to update the income tax floor.

Cabinet chief Jorge Capitanich said that the international economic crisis “has resulted in an economic slowdown” and praised the government’s efforts to maintain employment levels in an adverse context.

Senior Hong Kong government officials will meet student leaders for the first time tomorrow in an attempt to defuse more than three weeks of pro-democracy protests which have brought parts of the Asian financial centre to a standstill.

One of Uruguay’s most prominent pollsters Cifra is reluctant to guess who will win next week’s presidential elections.

Justice Secretary Julián Álvarez defended the government’s plan to reform the Procedural Code and he rejected as “terrible and farcical” claims of it being part of a strategy to void corruptions probes.

Cabinet chief Jorge Capitanich blasted the National Audit Office (AGN) in response for a report that denounced the under-utilisation of the national budget for road work this year. He said the AGN is politically-oriented and aligned with opposition parties. “We need to diminish the value of this reports,” the official stated.

By Federico Poore

Opposition representatives at the AFSCA media watchdog board of directors are getting ready to reject tomorrow most of the arguments made by the department’s chief, Martín Sabbatella, to force the downsize of Clarín Group, the country’s largest media conglomerate.

US stocks ended higher today on investor hopes for a strong earnings season, but IBM's disappointing results limited gains.

The second phase of the government’s credit programme to boost auto purchases has been off to a slow start, with only 294 loans issued in the first three weeks of its September 25 launch, amounting to 28.7 million pesos.

By Guillermo Háskel

The country is recovering two River Plate channels: the Magdalena, that will allow it to directly access the sea from its rivers, and the Martín García.

President Dilma Rousseff has gained some ground, but remains locked in a fierce battle for votes with rival Aecio Neves ahead of the October 26 runoff to Brazil's presidential election, a new poll showed today.

The chief executive of French oil major Total, Christophe de Margerie, was killed in an airplane collision with a snowplow at Moscow's Vnukovo International Airport, airport spokeswoman Elena Krylova said today.

"I am convinced that if this threat is not stopped in West Africa with an immediate international response ... it could become one of the gravest pandemics in human history," the President of Cuba told a summit of the leftist ALBA bloc of Latin American and Caribbean countries in Havana.

The World Health Organization declared Nigeria free of the deadly Ebola virus today after six weeks with no new cases, an achievement with lessons for countries still struggling to contain the deadly virus.

• Texas lab worker on cruise tests negative • Spanish Ebola nurse appears clear of disease

Three members of Boca Juniors' "12" hooligan group, including alleged leader Mauro Martín, have been cleared of involvement in the murder of Ernesto Cirino, who was killed in the City neighbourhood of Liniers.

Rosario Central's 2-0 derby triumph over Newell's Old Boys was marred by a tragic end to celebrations in the Santa Fe city, as two Central fans were killed in the aftermath of yesterday's game.

Buenos Aires police officers were swooping railways in Vicente López today, looking for leads on the disappearance of businessman Damián Stefanini, who went missing last Friday.

Cristian Labbé, a retired colonel and former head of security in the Pinochet regime who later served as mayor of the capital's Providencia district, is a subject of the probe into human rights violations, government spokesman Álvaro Elizalde said to reporters.

Latin American economies face years of weak growth and market volatility, according to a quarterly Reuters poll that showed another steep cut in GDP forecasts across the region.

Gastón Aguirre, who found fame online and on local TV last month after he attempted to rob at gunpoint a Canadian tourist in La Boca while being filmed, has finally been arrested but not for anything related to robbery, he was accused of “resisting the authorities.”

The City of Buenos Aires Legislature today distinguished television presenter, businessman and football director Marcelo Tinelli as an Illustrious Personality of Culture, honouring the showman in a ceremony packed with famous faces from the worlds of politics and entertainment.


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Disciplinary ineptitude

Eric Weil / Sportsworld

Disciplinary ineptitude

Seven days of wishes and jokes

Mempo Giardinelli

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Beyond rocket science

Martín Gambarotta - News Editor

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Dreaming of dead cows

James Neilson / As I See it

Dreaming of dead cows

Andrew Graham-Yooll & Santiago del Carril

With a view to taking Argentine business companies to the London Stock Exchange and thereon open new world market opportunities, the Argentine-British Chamber of Commerce marks its centenary this month and is launching a book to mark the occasion.

Produced by Pablo Toledo

There are lots of things kids don't like about doctor's visits, with shots(1), blood tests and throat swabs(2) topping the list. But one thing they love is having their knee reflexes checked.

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