Economy

Thursday, January 12th 2012 - 21:31 UTC
Argentina and IMF moving closer, admit holding regular bilateral contact

Speaking at a press conference from Washington DC on Thursday, IMF acting director of External Relations Gerry Rice said the organization’s directors “will meet in late January or early February to analyze the progress made in Argentina’s statistics”.
Thursday, January 12th 2012 - 21:28 UTC
ECB says flood of ‘cheap money’ helping the Euro zone banking system

The European Central Bank's flood of cheap three-year money is helping the Euro zone's banking system substantially and supporting confidence in the bloc's economy which is showing some signs of stabilisation, president Mario Dragui said on Thursday.
Thursday, January 12th 2012 - 21:21 UTC
Argentine industry ‘under risk with new ‘super-license’ imports’ system

While Argentina’s Mercosur trade partners have adopted a cautious attitude regarding the latest measures that make it more cumbersome and bureaucratic to sell to Argentina, the country’s manufacturers and importers have warned of the consequences and called for a more balanced approach to the issue.
Thursday, January 12th 2012 - 14:28 UTC
Chinese company to purchase world’s fourth largest uranium deposit in Namibia

Namibia's competition commission said on Wednesday it had cleared a Chinese nuclear company to take over an Australian mining firm with rights to the world's fourth-largest uranium deposit.
Thursday, January 12th 2012 - 14:12 UTC
Uruguay 2011 beef exports dropped 8% in volume, lowest since 2004

Uruguay beef exports last year dropped 8% in volume but soared 18% in value because of higher international prices and fewer cattle. However the volume was the lowest since 2004 and confirms a decreasing tendency since 2006, according to the latest figures released by the government.
Thursday, January 12th 2012 - 12:32 UTC
Chile ratifies its position and denies existence of a Malvinas blockade

Chile ratified this week that vessels flying the Malvinas flag will continue to be barred from Chilean ports and that the country’s position relative to the issue has not changed and denies the existence of a blockade. A brief statement from the Chilean Foreign Affairs ministry indirectly refers to the latest statement by UK Foreign Secretary William Hague.
Thursday, January 12th 2012 - 12:31 UTC
Uruguay’s position on barring Malvinas flagged vessels “has not changed an iota”

In an official communiqué Uruguay ratified full support for Argentina’s Malvinas sovereignty claim and underlined that the barring of Malvinas’ flagged vessel from Uruguayan ports stands and “has not changed an iota”.
Thursday, January 12th 2012 - 04:20 UTC
LAN Argentina regional flights forced out of Buenos Aires metropolitan terminal

LAN Airlines announced that “due to a decision by the (Argentine) national aeronautical authorities,” the company has been forced to reschedule flights leaving from the Buenos Aires City Aeroparque Metropolitan airport bound for Sao Paulo and Santiago de Chile.
Thursday, January 12th 2012 - 04:19 UTC
“We must be politically persistent” on our Malvinas claim, says CFK spokesperson

As the UK applies pressure on Mercosur countries so they allow the entry to vessels flying the Malvinas flag, Argentine ruling Victory Front lawmaker Carlos Kunkel said on Wednesday that Argentina “must be politically persistent while maintaining a constant defence” on its claims over the sovereignty of the islands.
Thursday, January 12th 2012 - 04:17 UTC
Fitch calls for greater support for Italy to prevent 'cataclysmic collapse' of the Euro

The European Central Bank should ramp up its buying of troubled Euro zone debt to support Italy and prevent a “cataclysmic” collapse of the Euro, David Riley the head of sovereign ratings for Fitch, said on Wednesday.