MercoPress http://en.mercopress.com/ South Atlantic News Agency en Copyright 2012, MercoPress. http://en.mercopress.com/web/img/en/mercopress-logo.gif MercoPress http://en.mercopress.com/ <![CDATA[“I’m predictable, no shocks” says CFK after Tuesday’s mini run on the US dollar]]> “Apparently there are people who are determined to speak badly of Argentina” remarked CFK After a day of intense trading in the ‘blue’ (informal) market for US dollars which reached a new high of 5.50 Pesos, Argentine President Cristina Fernández assured on Tuesday evening that there will be no economic ‘shocks’ or a ‘system of multiple exchange rates’ as “has been rumoured during the whole day”.

]]> Wed, 16 May 2012 06:51:00 GMT <![CDATA[Serious Uruguay/Argentina clash over the long delayed dredging of a River Plate canal]]> Foreign minister Almagro received full support from all Uruguayan parties in Parliament Uruguay called on Argentina to begin the price bidding process for the delayed dredging of a River Plate canal and revealed it was already monitoring the Uruguayan side of a joint commission responsible for deciding on the final contract and which has come under suspicion of corruption.

]]> Wed, 16 May 2012 06:13:00 GMT <![CDATA[Argentina insists before Red Cross on identifying remains of combatants buried in the Falklands]]> Vice President Boudou met with Red Cross chief Kellenberg in Geneva (Photo: TELAM) Vice President Amado Boudou called for a ‘concrete reply’ to Argentina’s request for the International Red Cross to collaborate with the identification of the combatants fallen during the Falkland Islands conflict in 1982 and whose remains are buried at the cemetery in Darwin.

]]> Wed, 16 May 2012 06:01:00 GMT <![CDATA[Merkollande admit differences but call for unity and growth in the Euro zone]]> Hollande and Merkel: not such a complicated fellow after all Despite their differences over how to drag Europe out of its current economic swamp, German and French leaders pledged to join efforts in reinvigorating growth in the continent during their first meeting on Tuesday.

]]> Wed, 16 May 2012 04:01:00 GMT <![CDATA[US dollar in Argentina’s ‘blue’ (parallel) market soars 5% on Tuesday]]> Markets are nervous and manufacturers are asking for a US dollar of 5.40 Pesos The US dollar in Argentina’s parallel market soared on Tuesday as strong unsatisfied demand moved to the so called ‘blue’ market as a result of the increasing controls for the purchase of the greenback.

]]> Wed, 16 May 2012 03:17:00 GMT <![CDATA[Repsol sues Argentina over YPF in NY court and also takes the case to World Bank arbitration]]> Cristina Fernandez announced the seizure of a majority stake in YPF April 16 and earlier this month Congress supported the initiative Repsol YPF SA the large Spanish oil and gas company on Tuesday sued Argentina for seizing control of formerly state-owned energy company YPF SA, in which Repsol held a majority stake.

]]> Wed, 16 May 2012 01:33:00 GMT <![CDATA[Brazilian discomfort: ends automatic import licences for Argentine perishables]]> Inspectors have up to 60 days to consider license applications raising the risk cargoes will rot at the border. Brazil this week escalated a growing trade fight with Argentina by increasing the bureaucratic obstacles for importing about 10 perishable products including apples, raisins, and potatoes, a senior Brazilian government official was quoted by the media.

]]> Wed, 16 May 2012 01:27:00 GMT <![CDATA[Colombia/US free trade agreement expected to create 100.000 jobs per year]]> President Santos described the FTA as an enormous opportunity for Colombian production The long-delayed free-trade deal between Colombia and the United States came into force on Tuesday, a step that should boost the country’s exports and foreign investment, President Juan Manuel Santos said.

]]> Wed, 16 May 2012 01:15:00 GMT <![CDATA[Brazil planning to cut taxes on electricity to help reduce industry costs]]> “I don't know of many countries that tax electricity, but we tax it” The Brazilian government has plans to cut and simplify taxes for electricity producers and distributors as part of a strategy to reduce Brazil's high business costs and stimulate its struggling economy, reports Reuters.

]]> Wed, 16 May 2012 01:07:00 GMT <![CDATA[President Rousseff happy and supportive of the 2 dollars Real]]> High interest rates are “incompatible” and pose an obstacle to faster economic growth, said Dilma The Brazilian Real dropped past 2 per dollars for a second day as President Dilma Rousseff said it has been “extremely overvalued,” encouraging speculation the currency of Latin America’s biggest economy may fall further.

]]> Wed, 16 May 2012 01:03:00 GMT