MercoPress

Chilean community in Falklands march in support of the air link with Santiago

Thu, 09 Feb 2012 23:55:00 GMT

One hundred members of the Chilean population living in the Falkland Islands were joined by 50 to 60 Islanders in a show of unity against the possibility that the weekly Lan Chile flight between Santiago and the Falklands might be discontinued at the request of Argentine President Cristina Fernandez.

Obama/banks mortgage-deal to rescue US doomed and struggling homeowners

Thu, 09 Feb 2012 23:43:00 GMT

President Barack Obama administration and top US mortgage lenders unveiled a landmark 25 billion dollars deal Thursday to help struggling homeowners get back on their feet and to reignite the moribund housing market.

Mujica says Mercosur is “a chewing gum”; promises trade deals with third countries

Thu, 09 Feb 2012 23:17:00 GMT

Mercosur from a real point of view exits, but institutionally it’s a “chewing gum” claimed Uruguayan president Jose Mujica who anticipated he would demand from the block’s partners that Uruguay be allowed to sign bilateral trade agreements with third parties.

Judge Garzon barred from office for challenging Spanish 1977 amnesty law

Thu, 09 Feb 2012 20:20:00 GMT

The famous human rights crusader, the Spanish judge who won fame with his attempt to extradite former Chilean dictator Augusto Pinochet in the 1990s, is barred from office for eleven years for abusing judicial powers.

“People of the Falklands want to remain British” and they will be defended

Thu, 09 Feb 2012 19:54:00 GMT

UK Prime Minister David Cameron said on Thursday no one should doubt his determination to keep the Falkland Islands British as he dismissed President Cristina Fernández announced complaint to the United Nations.

Trade restrictions, main point of agenda when Cristina Fernandez visits Chile

Thu, 09 Feb 2012 07:47:00 GMT

Santiago media reports increasing disappointment in the Chilean government and private sector with the latest batch of Argentine measures to restrict imports and want the issue ‘top of the agenda’ when President Cristina Fernandez visits Chile at the end of the month.

Argentina limits daily financial transaction per person to 1.000 Pesos (230 dollars)

Thu, 09 Feb 2012 07:44:00 GMT

Argentina limited the use of cash in the country’s financial markets as President Cristina Fernandez tightens oversight of currency transactions to help contain capital flight and prepare for what is anticipated a ‘difficult’ year for the Treasury and the Argentine economy.

Argentine importers warn about ‘complications’ with new imports scheme

Thu, 09 Feb 2012 07:42:00 GMT

The head of the Importers Chamber of Argentina, Diego Pérez Santisteban, warned that the new imports controls applied by the government “is complicated,” and affects the bigger companies more than the small and medium ones of the sector.

Argentine ‘Congress index’ shows January inflation reached 1.9%

Thu, 09 Feb 2012 07:40:00 GMT

Argentine congress members announced on Wednesday that the inflation index for January based on an average of private sector estimates reached 1.9%, similar to the previous month of December.

Argentina has the (Central bank) cash to take over YPF, says Barclays Capital

Thu, 09 Feb 2012 07:37:00 GMT

Argentina has the cash reserves to make a tender offer for Repsol-YPF SA local unit, the country’s largest energy company, and will likely put further pressure on the industry to boost output, has stated Barclays Capital.