Tag Archives: Argentina

Mexico Will Lose $750 Million

MEXICO CITY – Argentina’s unilateral decision to suspend the Economic Complementation Agreement (ACE) 55 with Mexico will have a negative impact on the latter’s domestic auto industry. The loss will amount about $750 million this year. The president of the Mexican Association of Automotive Industry (AMIA), Eduardo Solis Sanchez, noted Read On..

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Argentina Abandons Automotive Deal with Mexico

MEXICO CITY – Mexico’s government announced on Monday that Argentina has that left the automotive trade agreement that they had. In recent years, the automotive industry has been noted to be a deficit for the South American country. Since late March, the Mexican government had ruled out renegotiating the agreement Read On..

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Argentina is Spared in the United States

BUENOS AIRES – The U.S. Supreme Court rejected an appeal by two investment funds seeking to seize $105 million in deposits of the Central Bank of Argentina in New York. The two parties were demanding for the cessation of debt payment from Sovereign of the South American country that dates Read On..

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Spain Prepares to Defend YPF

Spain will respond with the most appropriate move to Argentina’s announcement that they will send a bill to Congress that will allow the expropriation of the subsidiary of Repsol YPF. This statement was released on Monday by the organization’s secretary-general, Maria Dolores de Cospedal. “The government has to decide what Read On..

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