Oil group Techint sue the National Government for $2.5 billion. Techint aims the annulment of various Government resolutions regarding oil production in the Vaca Muerta field.
Exports and leaders of the rural sector warned about the impact of the current taxes and retentions and asked to review them due to the sharp fall on the international price of soybean. The fall of soybean prices will cause Argentina an income loss of between $1 and $3 billion and a loss of $600 million in taxes.
The US dollar open lower after the confirmation of Argentina as “Emerging Market” by MSCI. The US denomination was traded at 44.98 Argentinian pesos today, 16 cents lower than at the closing operations the day before.
Argentina will ascend its qualification from “Frontier Market” to “Emerging Market”. Morgan Stanley Capital International (MSCI) a global referent in the financial market, confirmed that Argentina will join to markets such as China, Brazil, Colombia and Russia.The status will benefit in the short term eight Argentinian firms that operate in Wall Street and open the door to fresh funds to a country that is trying to overcome the financial crisis that hit las year.