Planning Minister Julio De Vido announced a hike in toll booth fares in the Panamerican, Ricchieri and Acceso Oeste highways in order to finance a public works plan to improve accesses to the City and to extend the General Paz motorway.
President Cristina Fernández de Kirchner launched a strategic plan to increase the amount of engineering graduates, stated "let's have 8,000 engineers by 2016, one out of 5,000 inhabitants, and one every 4,000 by 2020."
Foreign Minister Héctor Timerman confirmed today that there were new meetings with envoys of the Iranian government over the probe handling the AMIA bombing, and assured that Argentina will present a new action plan in the next few weeks.
In an attempt to stop Argentina’s current energy deficit, the president and CEO of YPF, Miguel Galuccio, announced that the company plans to drill 1,000 oil wells on 2013, which expect to boost its activity to levels unseen since 1996.
A group of unionists within the CGT umbrella union that oppose Hugo Moyano predicted today that the national government will produce an improved tax rate for workers who pay income tax adding they plan to put forward an ‘intelligent proposal’ to the government regarding the matter.
Argentine Industrial Union head José Ignacio de Mendiguren questioned the Government’s latest measures regarding currency exchange restrictions and assured they were “over the top.”
Planning Minister Julio De Vido and City Mayor Mauricio Macri, carried out a meeting to analyse the next steps, following the transfer of the control of the city’s Subway and premetro system. During the meeting, the signing of an agreement was arranged to take place next week.
The Finance Committee cleared for debate lawmaker Alfonso Prat Gay’s bill, which if passed would enable the Central Bank to print $200 and $500 pesos bills. No word on whose faces would be featured on the bill.
The City Economy Minister Néstor Grindetti, came on stage to defend Mauricio Macri’s administration’s decision to bump up Subway fares to $2.50 pesos per journey, and said that they are open to “assuming the political cost of uncovering a situation that was previously kept quiet.”
Salta Governor Juan Manuel Urtubey said that “there is no plan b" within the Victory Front if President Cristina Fernández de Kirchner decides not to seek reelection next October.
The head of the Argentine Industrial Union (UIA) José Ignacio de Mendiguren, praised the government’s “productive plan” and highlighted that the Argentine industry had doubled its capacity, tripled its exports and created over 500,000 new jobs.
Speaking from the Tecnópolis science and technology theme park, President Cristina Fernández de Kirchner announced the Strategic Agrifood and Agrindustrial Plan (PEA), and assured that the country will produce “over 160 million tons” of grains as she presented the goals of the farming programme for 2020.
French President Francois Hollande said that car maker Peugeot must renegotiate its proposal to lay off 8,000 workers and close one of its assembly plants to ensure that the social impact of the measures was minimised.
US President Barack Obama proposed a new assault weapons ban and mandatory background checks for all gun buyers today as he tried to channel national outrage over the Newtown school massacre into the biggest US gun-control push in decades.
A US appeals court ordered Argentina to provide “in precise terms” any alternative form of payment in which it commits to settle a current dispute with holdout bond investors asking for 1.3 billion dollars.
US Treasury Secretary Tim Geithner today said the Obama Administration's plan to revamp the corporate tax system will cut "dozens and dozens" of tax breaks enjoyed by business, while keeping a limited number that focus on keeping jobs in the United States.
Fitch cut Greece's long-term ratings today to its lowest rating above a default, becoming the first ratings agency to make the widely expected downgrade after the country announced a bond exchange plan to ease its massive debt burden.
US Secretary of State Hillary Clinton warned Syrian President Bashar al-Assad on Sunday he could no longer delay implementing a UN-Arab League peace proposal to end fighting in Syria.
President Barack Obama's deficit reduction plan would be positive for US ratings, but chances of its implementation are "extremely low," Moody's Investors Service said.
Greek Prime Minister George Papandreou said today he would push ahead with a referendum on an EU bailout deal, defying demands from lawmakers of his own party that he quit for jeopardising Greek membership of the euro.
Standard & Poor's said today it is considering downgrading the European Financial Stability Facility, the euro zone's bailout fund that is financed by member governments, after saying it could downgrade the majority of euro zone nations.
Yemen's opposition has agreed to take part in a transitional government under a Gulf-negotiated peace plan for veteran leader Ali Abdullah Saleh to step aside, an opposition source said.
Despite bailouts for Greece, Ireland and Portugal, Europe's debt crisis could still spread to core euro zone countries and the emerging economies of eastern Europe, the International Monetary Fund warned.
Italy's austerity plan aimed at warding off a worsening in the euro zone debt crisis goes to parliament today amid a tug-of-war between critics who want to weaken it and those who say it does not go far enough.
Venezuela pushed a vague peace plan for Libya, saying President Hugo Chavez's friend Muammar Gaddafi was in favor of foreign mediation.
With one budget fight behind him, President Barack Obama will offer a long-term plan for deficit reduction this week in preparation for bigger US spending battles ahead, the White House said.
Greece's medium-term fiscal plan will include measures totalling 3.0 billion euros ($4.3 billion) to cover for fiscal slippage this year, the finance minister said.