The US dollar in the informal market reached a new record high against the Argentine Peso at the end of trading on Tuesday. Earlier in the day the Central bank reported the biggest one-day drop in its international reserves since July 30.
Finance Minister Guido Mantega presented on Monday a package of tax measures aimed at stimulating Brazil's economy less than a month ahead of the presidential election.
United States interim ambassador to Argentina Kevin Sullivan was summoned to foreign minister Hector Timerman's office and was informed of ”the profound and firm rejection of the Argentine government to the US diplomat’s inappropriate statements”, according to the statement from the ministry made public on Tuesday.
British Chancellor George Osborne has announced plans to refund the cost of up to 25,000 visas for Chinese tourists in an attempt to attract more visits to the UK. It was one of a series of measures announced at an economic summit in London, attended by Chinese vice premier Ma Kai.
HSBC Holdings will pay 550 million dollars to resolve a US regulator's claims that the British bank made false representations in selling mortgage bonds to the federal mortgage companies Fannie Mae and Freddie Mac before the financial crisis.
In the first half of this year, Argentina seafood exports totaled 778.8 million dollars with a slight increase of 30 million dollars, and 3.9% over the same period of 2013 (749.6 million), reported the Directorate of Fisheries Economics from the Fisheries and Aquaculture Under Secretariat.
Foreign affairs ministers from Mercosur and the Pacific Alliance will be meeting next 24 November in Santiago de Chile to explore a possible integration between the two blocks according to Paraguay's foreign minister Eladio Loizaga.
Confirming ten years of sustained expansion the Uruguayan economy advanced 2% in the second quarter over the first quarter and 3.7% over the same period a year ago, according to the latest reports from the Central bank.
Spanish banking giant Santander under its new executive chairperson Ana Botin announced on Monday the purchase of the remaining 25% of Banco Santander Brasil which it did not already own.
As Argentine President Cristina Fernandez readies for her annual trip to New York to speak at the United Nations General Assembly, US interim ambassador in Buenos Aires Kevin Sullivan ratified that Washington will not back the UN sovereign debt resolution sparked by Argentina’s legal battle with its holdout creditors.