Monday, January 25th 2016 - 10:10 UTC

Proxy inflation in Argentina reached 6.5% in December and 31.6% in 2015

The monthly figure was double that reported by the Buenos Aires City, the other index suggested by INDEC. The City reported 3.9% Dec. inflation and 29.6%

Consumer prices rose 6.5% in December in the Argentine province of San Luis, one of the indexes the new leaders of the country's INDEC statistics bureau had said could be used as a proxy for national inflation figures — amounting to a cumulative 31.6% increase in 2015.

Monday, January 25th 2016 - 10:01 UTC

IMF estimates 2016 Venezuela inflation at 720% and 8% economy contraction

“A lack of hard currency has led to scarcity of intermediate goods and to widespread shortages of essential goods exacting a tragic toll,” Werner said.

Venezuela’s consumer inflation, already the world’s highest, will more than double this year surging to 720% in 2016 from 275% last year, according to a note published by the IMF’s Western Hemisphere Director, Alejandro Werner.

Monday, January 25th 2016 - 08:41 UTC

Tompkins widow plans to hand over thousands of acres to create national parks in Patagonia

McDivitt Tompkins met with Chile's Bachelet to discuss the proposed handover of pristine properties to create a string of national parks in Patagonia.

The widow of American conservationist Doug Tompkins, who died last month while kayaking in South America's Patagonia region, says she'll build on her husband's legacy of protecting threatened ecosystems in Argentina and Chile.

Monday, January 25th 2016 - 08:29 UTC

Paraguay's Dominguez, expected to be confirmed Conmebol president on Tuesday

Alejandro Domìnguez, (43) is a Paraguayan economist, belonging to one of the richest families in the country is expected to be confirmed on Tuesday

Conmebol the South American football confederation rattled by corruption and massive arrests of its former members (except Uruguay's), involved in the major FIFA scandal, has a president, and if nothing happens from here to election day, 26 January, he is Alejandro Domìnguez, (43) a Paraguayan economist, belonging to one of the richest families in the country.

Monday, January 25th 2016 - 08:17 UTC

Former NY City mayor Bloomberg willing to run for president

Bloomberg has advised friends and associates that he would be willing to spend at least $1 billion of his own money on a campaign for the November 2016 election

Michael Bloomberg, the billionaire former mayor of New York City, has told his aides to draw up plans for an independent campaign for the U.S. presidency, The New York Times reported on Saturday.

Monday, January 25th 2016 - 07:28 UTC

Corbyn favors Falklands' 'power-sharing' deal with Argentina, says ex ambassador Castro

Ms Castro said that Mr Corbyn “shares our concerns”, adding: “In short, he is one of ”ours“.”  She described the Labor leader as “humorous” and “a good listener”.

United Kingdom's leader of the opposition Jeremy Corbyn is in favor of making a power-sharing deal with Argentina over the Falkland Islands, according to an Argentine diplomat. Outgoing Argentine ambassador Alicia Castro says that the Labour leader is “one of ours” and that he told her he supports a British-Argentine power-sharing deal in the vein of Northern Ireland.

Saturday, January 23rd 2016 - 09:01 UTC

Rousseff eyeing foreign reserves to boost economy and cash strapped government

In an interview with the online news service UOL, Rousseff said she was neither for nor against using Brazil's international reserves, which total about $370 billion.

President Dilma Rousseff said on Friday that her cash-strapped government could consider tapping into Brazil's sizeable foreign reserves at a given moment, an idea that troubles investors already worried about the country's economic decline.

Saturday, January 23rd 2016 - 08:51 UTC

Macri's support in his first two months in office soars to 65%

Macri had a popularity rating of 64% in one poll by the Poliarquia consultancy published on Friday and 67% in the latest survey from pollster Isonomia.

Argentine President Mauricio Macri's popularity is at about 65% two months after he narrowly won office and carried out a raft of fiscal and financial measures, including a controlled currency devaluation as part of his plan to revive Latin America's third largest economy, two polls showed.

Saturday, January 23rd 2016 - 08:18 UTC

One fifth of youngsters don’t study or work but still may have a chance

Even during Latam's strong economic performance, the number of youth who don’t work or study did not drop, with a substantial growth in male ninis.

By Jorge Familiar (*) - One out of every five Latin Americans between the ages of 15 and 24 wakes up every morning with no school to attend or paid job to do. Bogged down by economic constraints, early pregnancy, violence or low expectations, they are the so-called “ninis” — ni estudia, ni trabaja (neither studying nor working) — and they are more than 20 million strong.

Saturday, January 23rd 2016 - 08:01 UTC

Macri and Obama could meet at the end of March, reestablishing formal bilateral dialogue

While in Davos, Macri had a long conversation with US vice-president Joe Biden as part of the new bilateral atmosphere.

Mauricio Macri expects to meet with Barack Obama at the end of next March when the Argentine president attends in Washington the summit on Nuclear Security of which Argentina is a member. The event takes place between 31 March and first April, and if the meeting effectively takes place, it would mean the return of the formal dialogue between the two countries, rather frozen under his predecessor Cristina Fernandez.


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