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 times the official rate of 10.7 percent a year.
Argentines’ confidence in their government fell 7 percent in June from May and declined 13 percent from a year earlier, according to a poll released today by Buenos Aires-based Torcuato Di Tella University.
Argentine President Cristina Fernandez de Kirchner will undergo surgery tomorrow to remove an accumulation of blood in her skull following a blow eight weeks ago, according to a statement issued by the hospital where she is being treated.
President Cristina Fernandez de Kirchner won Congressional backing to seize YPF SA, the country’s biggest energy company, from Spain’s Repsol YPF SA as the government seeks to boost oil production and cut imports.
President Cristina Fernandez de Kirchner’s surprise takeover of YPF SA is likely to boost her flagging popularity as Argentines rally behind the re- nationalization of the country’s biggest oil producer.