“I’m predictable, no shocks” says CFK after Tuesday’s mini run on the US dollar
“Apparently there are people who are determined to speak badly of Argentina” remarked CFK After a day of intense trading in the ‘blue’ (informal) market for US dollars which reached a new high of 5.50 Pesos, Argentine President Cristina Fernández assured on Tuesday evening that there will be no economic ‘shocks’ or a ‘system of multiple exchange rates’ as “has been rumoured during the ...
Serious Uruguay/Argentina clash over the long delayed dredging of a River Plate canal
Foreign minister Almagro received full support from all Uruguayan parties in Parliament Uruguay called on Argentina to begin the price bidding process for the delayed dredging of a River Plate canal and revealed it was already monitoring the Uruguayan side of a joint commission responsible for deciding on the final contract and which has come under suspicion of corruption.
Repsol sues Argentina over YPF in NY court and also takes the case to World Bank arbitration
Cristina Fernandez announced the seizure of a majority stake in YPF April 16 and earlier this month Congress supported the initiative Repsol YPF SA the large Spanish oil and gas company on Tuesday sued Argentina for seizing control of formerly state-owned energy company YPF SA, in which Repsol held a majority stake.
Brazilian discomfort: ends automatic import licences for Argentine perishables
Inspectors have up to 60 days to consider license applications raising the risk cargoes will rot at the border. Brazil this week escalated a growing trade fight with Argentina by increasing the bureaucratic obstacles for importing about 10 perishable products including apples, raisins, and potatoes, a senior Brazilian government official was quoted by the media.
Argentina insists before Red Cross on identifying remains of combatants buried in the Falklands
Vice President Amado Boudou called for a ‘concrete reply’ to Argentina’s request for the International Red Cross to collaborate with the identification of the combatants fallen during the Falkland Islands conflict in 1982 and whose remains are buried at the cemetery in Darwin.
Merkollande admit differences but call for unity and growth in the Euro zone
Despite their differences over how to drag Europe out of its current economic swamp, German and French leaders pledged to join efforts in reinvigorating growth in the continent during their first meeting on Tuesday.
US dollar in Argentina’s ‘blue’ (parallel) market soars 5% on Tuesday
The US dollar in Argentina’s parallel market soared on Tuesday as strong unsatisfied demand moved to the so called ‘blue’ market as a result of the increasing controls for the purchase of the greenback.
Brazil planning to cut taxes on electricity to help reduce industry costs
The Brazilian government has plans to cut and simplify taxes for electricity producers and distributors as part of a strategy to reduce Brazil's high business costs and stimulate its struggling economy, reports Reuters.
Deadly attack against former minister in the heart of Bogotá kills 2, injures dozens
A bomb targeting a hard-line former Colombian interior minister killed two of his bodyguards and injured at least 31 others in the heart of Bogotá’s uptown commercial district Tuesday, authorities said.
Greek exit from the Euro could cost French taxpayers 66.4bn Euros, says report
An exit of Greece from the Euro zone could cost the French taxpayer up to 66.4 billion Euros and saddle the country's banking system with 20 billion Euros in lost loans, according to a study published on Tuesday.
Economy receives Hollande with anaemic performance: zero growth in Q1
France's economy stalled in the first quarter as household consumption flat lined, businesses pared back investment and exports slowed, underlining the challenge facing Socialist President Francois Hollande who took office on Tuesday.
Hollande names parliamentary leader and Germany expert as Prime Minister
French President Francois Hollande named veteran Socialist parliamentary leader and Germany-expert Jean-Marc Ayrault as prime minister on Tuesday, an appointment which may help smooth negotiations with Berlin on tempering austerity in Europe.
Hollande is sworn as French president and flies to talks with Merkel in Berlin
Socialist Francois Hollande is to be sworn as France's president Tuesday before naming a prime minister and dashing to Germany to battle with Berlin over how to tackle Europe's debt crisis.
Argentina further delays the dredging of a River Plate canal vital for Uruguay
Argentina formally requested Uruguay to jointly audit the River Plate Administrative Commission, CARP for alleged corruption claims involving the maintenance of the Martin Garcia canal, and which emerged in the Uruguayan press.
Other Stories
- Politics
-
Italian lawmakers support “a more relevant role” for Argentina in the Malvinas dispute
- Politics
-
Argentina’s top journalists demand “we want to ask” and list the ten issues ‘banned’ by CFK
- Economy
-
Brazil’s Real falls to 2 per dollar, lowest since 2009; government overwhelmed
- Politics
-
Brazilian president announces new social support programs for children
- Energy & Oil
-
YPF’ golden boy in 2009 was offered the same job but his demands were considered ‘excessive’
- Politics
-
Italian Army on call to deal with growing violence; links with Greek anarchists
- Economy
-
Bio-fuels expert forecast Argentina will become EU main supplier in spite of Spain
- Politics
-
Brazil military police occupies favelas in Rio to prevent full fledged drugs war
