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.
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.
Argentine President Cristina Fernández is recovering much faster than anticipated from her thyroid surgery and on Wednesday actively discussed a range of government issues with Vice-President Amado Boudou and Cabinet Chief Juan Manuel Abal Medina, amongst others.
The US Federal Reserve said on Wednesday that all but one of its 12 banking districts experienced modest expansion from late November through the end of the year. The survey known as the Beige Book showed that the final weeks of 2011 were among the strongest.
The Brazilian government lowered 0.1% its estimate for the 2012 harvest that should reach 160.3 million tons, considered a record volume. Overall this year’s harvest should be 0.3% above the 159.9 million tons of 2011, according to data from the Brazilian Geography and Statistics Office, IBGE.
Greece is nearing an agreement with private-sector bond holders on a debt swap crucial to a second bailout package for Athens, the European Union's top economic official said on Tuesday.
Argentina will impose new restrictions on consumer goods’ imports, according to a resolution from the Revenue Office published this week in the Official Gazette and effective next February first.
An Argentine farmers’ leader said that Agriculture Minister Norberto Yauhar who tried to downplay the seriousness of the current drought for crops, “is not qualified for the job, plus knows very little about droughts”.
Spanish president Mariano Rajoy said that Latin America is a “top priority” of his administration’s foreign policy and his target is to have the “best possible” relations with the Ibero-American community.
European Union governments agreed Tuesday to bring forward a meeting of foreign ministers expected to decide on an oil embargo on Iran by one week to January 23. In its statement confirming the date, the EU said the decision to bring it forward from January 30 was taken to avoid a scheduling clash with a summit of EU leaders set for that day.