Economy

• Saturday, November 17th 2012 - 23:29 UTC

  Argentina in last minute effort argues possible ‘technical default’ before Judge Griesa

  

  Argentina asked a US judge late Friday night to maintain his order blocking payment on defaulted sovereign bonds to holdout investors until lingering questions are settled in a higher court's appeals process.

• Saturday, November 17th 2012 - 23:09 UTC

  IMF questions plan to restructure Greek debt: “pls reality, not wishful thinking”

  

  An agreement among Greece's international creditors on reducing its large debt pile should be “rooted in reality and not in wishful thinking,” the head of the International Monetary Fund said ahead of a tense meeting with European leaders.

• Saturday, November 17th 2012 - 06:30 UTC

  Spain and Portugal call for Latam business opportunities and investment

  

  Spain and Portugal sought help from their former Latin American colonies to rescue them from economic crisis through a new wave of trade and investment across the Atlantic Ocean.

• Saturday, November 17th 2012 - 06:12 UTC

  Planning for when the 2016 airport, St Helena after closer links with Faklands

  

  A top official from St Helena will be visiting the Falkland Islands next month to explore ways that the governments of the two British Overseas Territories can collaborate and looking ahead to when the mid Atlantic volcanic island will have an international airport.

• Saturday, November 17th 2012 - 06:04 UTC

  After dreadful year, great expectations in Argentina with 2012/13 soybean crop

  

  Argentine farmers will increase soy planting by almost 4% following a year of bad global crop weather. In the first soybean area estimate of the 2012/13 season, the Argentine Agriculture Ministry said 19.4 million hectares will be sown in the weeks ahead compared to 18.7 million hectares in 2011/12.

• Saturday, November 17th 2012 - 05:59 UTC

  ARA Libertad case to be discussed by Argentina and Ghana November 29/30

  

  Argentina announced on Friday that the International Tribunal for the Law of the Sea proposed November 29 and 30 as the days to hold the hearings between Argentina and Ghana over the seizure of the ARA Libertad Frigate at Ghana's Tema Port.

• Saturday, November 17th 2012 - 05:37 UTC

  Topsy-turvy inflation numbers from Argentina’s official stats office

  

  More bad publicity for Argentina’s official Stats office, Indec: not only are the institution’s releases on inflation taken lightly or ignored by a majority of Argentines and openly questioned by the International Monetary Fund, now the head of the office was caught driving under the influence of alcohol.

• Friday, November 16th 2012 - 01:52 UTC

  Africa and Latin America Still Fight Vulture Funds

  

  By Hector Timerman - Foreign Minister Héctor Timerman underlined Argentina’s struggle against paying ‘vulture funds’ in an article written for US newspaper Huffington Post about how Latin American and Africa are affected by these funds.

• Thursday, November 15th 2012 - 23:05 UTC

  IMF remembers Argentina that on 17 Dec it will assess quality of official stats

  

  The International Monetary Fund ratified on Thursday that “on December 17” it will assess the “quality of Argentine statistics, particularly those referred to inflation”, an issue over which it had already warned the administration of President Cristina Fernandez.

• Thursday, November 15th 2012 - 19:00 UTC

  Uruguayan industry criticizes imports policy, labour costs and Mercosur

  

  Uruguay’ Chamber of Industries, CIU, criticized the ‘indiscriminate’ influx of foreign goods, labour costs and Mercosur, and called on government to change the focus of its policies towards manufacturing underscoring that the domestic market represents 55% of industries’ GDP.