Stories for 2013

Friday, February 1st 2013 - 18:47 UTC
Argentine court confirms setback for Chevron in 20-year old dispute with Ecuador

An Argentine appeals court has upheld an embargo on the assets of Chevron Corp.'s local subsidiary, a legal setback for the company, which had said the embargo compromised its operations in the country. A lower court judge issued the embargo last year as part of a decades-old legal dispute involving claims that Chevron is responsible for environmental contamination in Ecuador.
Friday, February 1st 2013 - 07:51 UTC
Argentine unions anticipate marches and protests for next March

Argentina’s powerful organized labour even divided have agreed that the recent rise in the income tax floor announced by the government of President Cristina Fernandez is ‘not enough’ and industrial action is anticipated as soon as next March, when full activity resumes in Argentina following summer holidays.
Friday, February 1st 2013 - 07:45 UTC
IMF: Peru, Chile, Paraguay and Bolivia, best prepared in the event of another global crisis

Peru, Chile, Paraguay and Bolivia area among the South American countries best prepared in the event of another global crisis while Venezuela stands at the opposite end with ‘weakened’ defences, according to the latest report released by the IMF.
Friday, February 1st 2013 - 07:38 UTC
Chile and Uruguay banks outlook for 2013 stable and negative for Argentina, says Fitch ratings

The outlook for Southern Cone Banks is mixed in 2013, with a stable outlook for Chile and Uruguay, while Argentina faces a negative outlook and the potential for downgrades, according to a new Fitch Ratings report.
Friday, February 1st 2013 - 07:32 UTC
Cost of crimes against property and people in Uruguay estimated at 3.1% of GDP

The cost of crimes against property and people in Uruguay in 2010 totaled at least 1.2 billion dollars, which was equivalent to 3.1% of the country’s GDP. This was the conclusion of a new study carried out at the country’s Economic Research Center by researchers Aboal Diego, Jorge Campanella, and Bibiana Lanzilotta, with the collaboration of Magdalena Dominguez and Maren Vairo.
Friday, February 1st 2013 - 07:09 UTC
Big boost for foreigners who invest in Brazilian real estate

Brazil on Thursday exempted foreign investors from paying a financial transaction tax on purchases of real estate investment trusts traded on the country's stock exchange. Since early last year the government of President Dilma Rousseff has aimed to develop funding alternatives for local builders, many of which are overly dependent on loans from state development bank BNDES, the main source of long-term corporate financing in Brazil.
Friday, February 1st 2013 - 07:05 UTC
Brazil’ overall budget deficit: 2.47% of GDP and primary surplus of 2.38% GDP

Brazil failed to reach its primary budget surplus goal last year posting a primary surplus of 104.951 billion Reais (53 billion dollars), the equivalent of 2.38% of GDP, according to central bank data released this week, which was below the annual target of 139.8 billion Reais, approx 3.1% of GDP.
Friday, February 1st 2013 - 06:54 UTC
US Congressman supports Falklands’ referendum: “it is good to test people’s opinion”

Visiting United States Congressman Thomas E Petri expressed approval of the decision of Falkland Islanders to hold a referendum on the political status and future of the Falklands.
Thursday, January 31st 2013 - 20:50 UTC
Timerman rejects meeting Falklands representatives; only interested in ‘bilateral round’ with Hague

Argentine Foreign Minister Héctor Timerman turned down an invitation by his British counterpart William Hague to take part in a meeting in London with representatives of the Falklands/Malvinas Islands government, assuring that “the international community does not accept the involvement of a third party” in the sovereignty issue.
Thursday, January 31st 2013 - 14:06 UTC
Two Falklands’ lawmakers fly to London to meet with Argentine Foreign minister

Two elected members of the Falkland Islands’ Legislative Assembly will be travelling to London this weekend to be available to take part in any discussions regarding the Islands when Argentine Foreign minister Hector Timerman meets with Foreign Secretary William Hague, according to a release from Gilbert House, Stanley.