Uruguay’s stubbornly high inflation is as much structural in nature as it is due cyclical factors and to bring it down requires changes in fiscal policy, tackling widespread salary indexation and policymakers need to enhance their credibility according to Capital Economics.
China is determined to advance in mutually beneficial cooperation with Argentina visiting Chinese Vice President Li Yuanchao said on his arrival on Thursday to Buenos Aires. He underlined that the new Chinese leadership will continue to perceive and develop bilateral relations from a long-term strategic perspective.
Atomic power agencies from Brazil and Argentina signed an agreement to build two nuclear reactors for research and production of radioisotopes, according to the Ministry of Science and Technology (MCT).
Spains’s Repsol SA said on Thursday its first-quarter profit jumped 38% on the year, mainly due to higher production and refining margins.
Peru which currently holds the chair of Unasur, Union of South American Nations is promoting a new meeting of country members’ heads of state to address the political situation in Venezuela, Foreign minister Rafael Roncagliolo said on Thursday.
More than 23,500 pedestrians were killed on the roads in Latin America and the Caribbean in 2010, making pedestrians the most vulnerable group of road users in the region.
Argentina formalized on Thursday the call for this year's primary and legislative elections which will be held on 11 August and 27 October respectively and will see Argentines aged 16 vote for the first time.
President Nicolas Maduro said he was a ‘Kirchnerite president’ and the ‘second Peronist president’ of Venezuela during a political rally with Argentine trade unions and militant groups in a packed Buenos Aires stadium to recall the figures of the deceased Hugo Chavez and Nestor Kirchner.
Argentine Foreign minister Hector Timerman said that relations with Uruguay are going through “a good moment”, contrary to recent statements from Uruguayan Vice-president Danilo Astori, and described as ‘false’ the information that two Falklands’ flagged fishing vessels had called into Uruguayan ports.
The administration of President Cristina Fernandez sent on Wednesday to congress the tax amnesty bill to tap undeclared dollar assets, in the country and overseas, generating a cascade of critical reactions from well known economists while the ‘blue dollar’ in the parallel market seemed to ignore the announcements and kept climbing to a new record high.