Saturday, February 6th 2016 - 05:31 UTC

Brazil's inflation at 12-year high in January driven by food and transportation prices

Food prices jumped 2.28% in January from 1.50% in December as a strong El Niño weather pattern caused floods and disrupted production of fresh vegetables

Brazil's inflation rate rose to a 12-year high, officials said on Friday, as Latin America's largest economy continues to struggle through a protracted recession. Driven by rising food prices, the annual inflation rate hit 10.71%, the highest since November 2003 and well beyond the central bank's target ceiling of 6.5%, said national statistics institute IBGE.

Wednesday, January 27th 2016 - 06:42 UTC

Parlasur could invite Falklanders', but first Macri must cracks the “chavista axis”

The initiative is from Alberto Asseff a member of Parlasur who responds to Sergio Massa, and considers himself a Falklands' expert

The Argentine representation in the Mercosur parliament, Parlasur, is considering inviting a group of 'kelpers' Falklands/Malvinas lawmakers, 'to listen to their needs and promote cooperation, but in the framework of Argentina's unrenounceable sovereignty claim over the Islands'.

Monday, January 4th 2016 - 06:35 UTC

Argentine ex foreign minister Taiana speaker of Mercosur parliament during 2016

 This year Argentina holds the temporary presidency of the Mercosur parliament, Taiana thus succeeds Saul Ortega, from Venezuela, who was speaker in 2015.

Argentina's former foreign affairs minister under ex president Cristina Fernandez, Jorge Taiana has been nominated speaker of the Mercosur Parliament in Montevideo, as of this month and year.

Wednesday, December 30th 2015 - 14:10 UTC

Two ex ministers with prison sentences for Buenos Aires train accident that killed 51 and injured 789

Former federal transportation secretaries Ricardo Jaime, and Juan Pablo Schiavi,  were sentenced, respectively, to six and eight years in prison.

An Argentine court handed down prison sentences of up to nine years for those charged in the February 2012 train accident in Buenos Aires that killed 51 people and injured more than 700.

Wednesday, December 30th 2015 - 02:24 UTC

Russian polar vessel and helicopters will supply Argentine Antarctica bases

Russian polar vessel Vasily Golovnin from Arkadia Ltd. and the Kamov helicopters will be supplying Argentine bases this summer

For the eighth season, Argentina's Antarctic bases and stations are to be supplied by the Russian polar vessel Vasily Golovnin from Arkadia Ltd. This has been going on since 2007 when the Argentine flagship ice-breaker Almirante Irizar caught fire in the high seas and is still in repairs waiting for the necessary funds.

Wednesday, December 30th 2015 - 00:51 UTC

Dismal prospects for Brazilian economy in 2016, according to Central bank and budget deficit

GDP and inflation forecasts from the Boletin Focus, a weekly Central Bank survey of analysts from about 100 private financial institutions on the state of the economy.

Analysts expect Brazil's economy to contract by 2.81% in 2016 after contracting by 3.70% this year, marking the biggest drop in economic output in 25 years, the Central Bank said on Monday. Economists are forecasting an inflation rate of 10.72% this year, the highest rate in 13 years, and 6.86% in 2016. The estimates seem to be supported by the latest numbers referred to the budget deficit.

Wednesday, December 30th 2015 - 00:46 UTC

Petrobras corruption 'net' involves Norwegian companies, claim Oslo media

A company named in the Petrobras scandal is Akastor, a spun off from the large Norwegian oil supply company Aker Solutions in 2014.

The huge corruption case swirling around Brazilian oil company Petrobras is being called the world’s largest, and increasing numbers of Norwegian companies seem to be getting tangled up in it. Norwegian bosses mostly claim no knowledge of any bribes being paid, but investigations are underway on several fronts.

Tuesday, December 29th 2015 - 21:54 UTC

Environmental groups blame massive deforestation for floods in Mercosur members

“Increasing rainfall and significant loss of forest cover in Argentina, Brazil and Paraguay, have not allowed the natural absorption of water,” Greenpace said

Deforestation is one of the main causes of the floods in South America that have left at least 160,000 people, 25,000 of them in Argentina alone, homeless, environmental groups said.

Monday, December 28th 2015 - 07:46 UTC

Tierra del Fuego applauds end of dollar clamp in Argentina but cautions about domestic and Mercosur tourists

“It is undeniable that Argentina and Tierra del Fuego in particular will position quite differently with foreign tourism following the latest decisions”, said Lietti

Tierra del Fuego tourism industry praised the Argentine government's decisions to end the dollar clamp and make more transparent the foreign money exchange because “this will make the country, and Tierra del Fuego, highly competitive internationally”. However they also cautioned that consideration must be given to domestic and regional tourists which make up almost 45% of the number of the people visiting the extreme south of Argentina.

Wednesday, December 23rd 2015 - 09:17 UTC

Macri's priorities: Mercosur, trade agreement with EU and the Pacific Alliance

“We haven’t done enough. We don’t want a two-speed Mercosur. It’s time for us to step on the gas,” Macri said.

Argentine president Mauricio Macri pledged full support for Mercosur which he defined as a 'long term strategic project', called for a quick trade agreement with the European Union and closer ties with 'our partners from the Pacific Alliance'.


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