Mercosur

Mercosur
Tuesday, September 2nd 2014 - 07:43 UTC

Falklands/Malvinas issue to be addressed by Mercosur parliament 11 November

The Parlasur delegation with their host Julian Dominguez, president of the Lower House, during the visit to the Argentine congress

The Mercosur Parliament, Parlasur will be holding a special session next 11 November in Montevideo dedicated to the Falklands/Malvinas Islands sovereignty issue, it was announced this Monday in Buenos Aires during a visit of a delegation from the regional legislative to the Argentine congress.

Saturday, August 30th 2014 - 07:00 UTC

Mercosur is a ‘success’; intra-trade has grown at double the world rate

Ramalho insists that despite the bad press, Mercosur is advancing and now extends from Patagonia to the Caribbean

Mercosur is a success, intra-trade has expanded at double the rate of world trade and despite all the bad press, the block is advancing on other fields such as social affairs and citizenship, according to Ivan Ramalho, Mercosur's High Representative, who is a former Brazilian deputy minister of trade and development issues.

Friday, August 29th 2014 - 06:46 UTC

Mercosur main partners in another attempt to re-launch withering economies

Kicillof is expected in Brazil to meet with his peer Mantega and Industry minister Burgos.

Argentine Economy minister Axel Kicillof left Buenos Aires on Thursday for Brazil, where he will meet with fellow ministers from the country to discuss the current situation of bilateral trade and the automotive industry.

Wednesday, August 27th 2014 - 02:51 UTC

Chile ready to act as a 'bridge' between Mercosur and the Pacific Alliance

Latin American integration means having “a converging vision so we can be stronger” at global level, said Riveros

Chile is ready to act as a 'bridge' between Mercosur and the Alliance of the Pacific so that Latin American can have a greater presence in the world state, said Chilean Deputy foreign minister Edgardo Riveros during a conference in Sao Paulo at the Lula da Silva think-tank.

Friday, August 15th 2014 - 07:13 UTC

Cristina Fernandez will use anti-terrorism law against US company that closed its Argentine plant

“We are facing a real case of fraudulent behavior and an attempt to intimidate the population,” said Cristina Fernandez in a speech at Government House.

Argentina's government will use an anti-terrorism law for the first time to seek criminal charges against a U.S.-based international printing firm which closed its Argentine plant without warning, president Cristina Fernández said on Thursday. She linked the company to some of the hedge funds in litigation with Argentina over defaulted bonds.

Friday, August 15th 2014 - 06:51 UTC

Auction 21 August to settle (and possible payout) of Argentina's defaulted swaps

Argentina's securities regulator requested information from its US counterpart, regarding potential use of privileged information by Elliott to force the default

The International Swaps and Derivatives Association (ISDA) will hold an auction on August 21 to settle Argentina’s default swaps. The auction, run by Creditex and Markit, will determine the payout that holders of protection on Argentine debt (CDS) will receive as a result of the default on July 30.

Friday, August 15th 2014 - 06:47 UTC

New record for the US dollar in Argentina's 'blue market', 13.20 Pesos

The blue-chip swap rate went up and closed at 11.60 Pesos, while the stock exchange rate dropped to 12.54 Pesos

The US dollar in Argentine money markets continued its rising path on Thursday with a new record climb to close at 13.20 Pesos. This so-called “blue” dollar had jumped 20 cents to 13.15 pesos on Wednesday, breaking its 13.06 Pesos record from 23 January.

Friday, August 15th 2014 - 06:44 UTC

Argentine July inflation 2.47% and 39.71% in twelve months, according to Congress index

“We are under the strong impression that inflation has stabilized at an annualized 40%” said lawmaker Sturzenegger

July consumer prices index in Argentina according to the so called Congressional index, climbed 2,47% and 39.71% in the last twelve months. The same index marked 2.2% in June indicating a growing tendency.

Friday, August 15th 2014 - 06:40 UTC

Chilean lawmakers approve initiative to ban trawling in territorial waters

“Gradually reducing the effort of trawling is a presidential commitment, where marine ecosystems harmed by trawling also benefit,” pointed out Machuca.

The House of Representatives approved this week a draft agreement to ban trawling in Chile. With 55 votes in support, six against and five abstentions, the deputies voted in favor of the Draft Resolution No. 100, which requests the Executive to submit a legislative initiative to amend Article 49 of Act No. 18,892 in order to ban fish catching by trawling.

Friday, August 15th 2014 - 06:34 UTC

Mujica, Latin America's most original leader according to The Economist

As president he has kept the mainly free-market economic policy, has respected media freedom and judicial independence

Under the heading of “The sage of Montevideo”, The Economist visited the Uruguayan president at his farmhouse in the outskirts of Montevideo where they had a long chat.

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