Stories for June 2013

Monday, June 3rd 2013 - 05:35 UTC
Argentina and Repsol in another clash: this time over board members payments

Argentina's nationalized energy company YPF will sue the head of Repsol SA over accusations that YPF's board members were overpaid when the Spanish oil major held a majority stake in the company, the government said.
Monday, June 3rd 2013 - 05:30 UTC
In four months Uruguay exports fell faster than imports: billion dollar deficit

Uruguay’s trade deficit climbed to over a billion dollars in the first four months of the year compared to 975 million dollars in the same period a year ago. So far this year the fall in exports has been stronger than that of imports, which has led to the 1.045 billion dollars deficit according to the latest stats from the Central bank.
Monday, June 3rd 2013 - 05:22 UTC
Despite Falklands, more than 100.000 Argentine tourists visited Britain

Argentine tourists have staged a British invasion, with record numbers flying in to the UK in the last year, according to an article by Matt Chorley published in the Daily Mail. The influx of more than 100.000 visitors, up more than a quarter year-on-year, comes despite renewed tensions between the two countries over the status of the Falkland Islands.
Monday, June 3rd 2013 - 05:17 UTC
Uruguay ruling coalition warned about budget deficit and loss of labour productivity

Uruguayan economic officials have warned the ruling coalition Broad Front about the regional risk-situation in complex Argentina and stalled Brazil, and its influence on Uruguay which needs to lower its budget deficit and improve labour productivity and competitiveness.
Monday, June 3rd 2013 - 05:13 UTC
Xi Jinping visits Mexico to try and improve political and trade cooperation

The leaders of Mexico and China will meet for the second time in two months this week, a sign of deepening cooperation, even as the Latin American nation seeks to close a huge trade deficit. Chinese President Xi Jinping will be treated to a lavish two-day state visit in Mexico that begins on Tuesday, with an event at the Campo Marte military field with President Enrique Peña Nieto and a speech to Congress.
Monday, June 3rd 2013 - 05:08 UTC
Argentina’s policy on foreign investments keeping businesses away

Concern over Argentina's erratic policy on foreign investments is pushing regional business entrepreneurs toward caution and or keeping them away from South America’s second largest economy. Argentina nationalized Spanish oil major Repsol's majority stake in local energy giant YPF last year, a move that triggered alarm in the international investor community.
Monday, June 3rd 2013 - 05:02 UTC
Falklands’ ex-governor Lamont chairman of the UK Antarctic Heritage Trust

Donald Lamont, a former British ambassador and former governor of the Falkland Islands took over as chairman of the United Kingdom Antarctic Heritage Trust. He replaces Philippa Foster Back, who retires from the position having served as trustee since 2000 and chair for the past seven years.
Saturday, June 1st 2013 - 19:06 UTC
Mercosur plan to delay summit and give time to Paraguay to return with full rights

Paraguay is considering the announcement made by Uruguayan president Jose Mujica who suggested delaying the coming Mercosur summit in Montevideo scheduled for the end of June, ‘to wait and give time for Paraguay’ (currently suspended) to return to the block.
Saturday, June 1st 2013 - 19:03 UTC
Biden meets Rousseff, underlines the importance of a broader relationship with Brazil

US Vice-President Joe Biden wound up a visit to Brazil on Friday saying it was high time the two largest economies in the Americas became closer partners in trade, investment and energy. He made the statement following a ‘wide-ranging discussion’ with President Dilma Rousseff at the Planalto palace in Brasilia.
Saturday, June 1st 2013 - 17:34 UTC
Argentina dollar markets waiting for implementation of the ‘whitewashing bill’

The US dollar in Argentina’s parallel or ‘blue market’ finished on Friday the month of May down 6.4% from the 9.40 Pesos at the end of April, including a slight drop in the last day of trading, that took it to 8.75 Pesos and 8.80 Pesos, buying and selling price.