Economy

• Saturday, December 15th 2012 - 06:33 UTC

  Argentina’s official November inflation 0.9%; half the 1.81% congressional index

  

  Argentina's official inflation was 0.9% in November, rising slightly from October's 0.8% rate, the government stats office Indec said on Friday.

• Saturday, December 15th 2012 - 06:31 UTC

  Mexico ready to drop WTO complaint after reaching auto accord with Argentina

  

  Mexico said it would drop a complaint over import curbs against Argentina before the World Trade Organization after the two countries signed a more limited automobile trade pact.

• Saturday, December 15th 2012 - 06:29 UTC

  “Doctors of the World” claims there are 16.000 living in the streets of Buenos Aires

  

  There are over 16.000 homeless living in the streets of Buenos Aires with great difficulties to access public health services according to the ‘Health in the streets’ report from ‘Doctors of the world’ and which was released Friday in the Argentine capital.

• Saturday, December 15th 2012 - 06:15 UTC

  “Support linked to competitiveness” Merkel tells the EU members

  

  European leaders agreed on Friday to press on with further steps to tackle their debt crisis but German Chancellor Angela Merkel threw out a proposal to boost risk-sharing with a fund to help Euro zone states in trouble.

• Friday, December 14th 2012 - 20:43 UTC

  IMF praises Chile as one of the most stable and prosperous nations in the region

  

  IMF Managing Director Christine Lagarde described Chile as one the most stable and prosperous nations in South America which has enjoyed robust growth over the last decade, but also warned it remains exposed to shifts in commodity prices.

• Friday, December 14th 2012 - 20:35 UTC

  “Tackling inflation”, Uruguay’s top priority says IMF and suggests government cuts spending

  

  “Tackling inflation is Uruguay’s priority” said the International Monetary Fund board on Friday after inflation in October climbed to 9.1%. Monetary policy is not enough: the government must make efforts to cut back government spending and moderating wage growth insisted the IMF.

• Friday, December 14th 2012 - 20:25 UTC

  Argentine inflation 25.4% in last twelve months according to private estimates

  

  Argentine opposition lawmakers presented November's inflation rate, or ‘Congressional rate’ based in the analysis of nine private agencies, which showed a 1.81% advance against the previous month, accumulating 25.4% in the last twelve months, “the highest in 18 months”.

• Friday, December 14th 2012 - 07:46 UTC

  Paraguay blasts Mercosur and Argentina and calls to follow ‘Chile’s example’

  

  Paraguay’s industrial union, UIP, lashed at Mercosur over the incorporation of Venezuela as a full member and Argentina’s reiterated lack of respect for signed agreements and understandings.

• Friday, December 14th 2012 - 07:42 UTC

  Uruguayan economy expands 3% in third quarter boosted by construction of pulp mill

  

  Uruguay’s economy grew faster than economists expected in the third quarter, spurred by increased construction, transportation and communications activity. GDP expanded 3% from a year earlier, the central bank said on Thursday on its website. The economy grew 1.2 percent from the second quarter, the bank said.

• Friday, December 14th 2012 - 07:36 UTC

  Banco do Brasil expects to open its first commercial branch in China early 2013

  

  Government owned and the largest in the country in assets, Banco do Brasil received this week approval from China’s regulator to open a commercial branch in the country which is Brazil’s main trading partner.