Stories for December 2015

Friday, December 18th 2015 - 09:14 UTC
Argentine minister 'satisfied' with the market response on first day without the dollar clamp

Argentina's Finance Minister Alfonso Prat Gay said on Thursday that the first day in the market without the dollar restrictions imposed by the previous administration, had been positive and as they had planned or expected. Compared to the previous multi-tier system, the dollar appreciated in the range of 25% against the Peso in the unified market.
Friday, December 18th 2015 - 08:57 UTC
Cameron hopeful of a more mature relation with Argentina but Falkland Islanders self determination is 'unmovable'

In a Christmas message to Falkland Islanders, UK Prime Minister David Cameron is hopeful that the election of a new Argentine president “will allow us to move towards a more mature relationship”.
Friday, December 18th 2015 - 08:45 UTC
Argentina prepares to decree a “national security emergency” to combat drugs

Argentina's Security minister Patricia Bullrich together with her provincial peers and security forces unanimously voted to decree a “national security emergency” with the purpose of combating the drugs trade and strengthening border areas.
Friday, December 18th 2015 - 08:40 UTC
Relief for Rousseff: Justices' ruling delays impeachment procedures

Brazil's Supreme Court gave a relief to embattled President Dilma Rousseff two victories on Thursday in rulings that improve her chances of blocking an impeachment bid by opponents seeking to oust the unpopular leader.
Friday, December 18th 2015 - 08:36 UTC
Putin looks to the mirror and praises Trump as “talented and outstanding”

Russian President Vladimir Putin on Thursday described US Republican presidential hopeful Donald Trump as “talented” and “outstanding,” welcoming his stance on Russia.
Friday, December 18th 2015 - 08:31 UTC
Judge lifts suspension of Whatsapp and makes 100 million Brazilians happy

The day after a Brazilian judge ordered the suspension of the Whatsapp cell-phone chat and voice service for 48 hours, cutting off millions of users from one of the country’s most popular communication services, another judge overturned the ban.
Friday, December 18th 2015 - 08:09 UTC
US and Havana deal on regular flights, a boom for tourism, but does Cuba have the infrastructure

United States and Cuba have reached a deal to allow as many as 110 regular airline flights a day, allowing a surge of American travel to Cuba that could eventually flood the island with hundreds of thousands more U.S. visitors a year, officials said Thursday on the anniversary of detente between the foes.
Friday, December 18th 2015 - 08:01 UTC
Brazil's budget targets ignored by Congress; Finance minister could resign

Brazil’s Congress on Thursday approved a 2016 budget with surplus targets lower than what Finance Minister Joaquim Levy wanted, a day after the country lost an investment-grade credit rating on concerns about fiscal restraint.
Friday, December 18th 2015 - 07:55 UTC
South America to contract 0.8% and Central America will expand 4.6% in 2016, says UN office

Latin American and Caribbean economies will contract 0.4% on average in 2015 and will grow just 0.2% next year, as a result of the complex external scenario, according to new projections unveiled on Thursday by the UN Latin America and Caribbean Economic commission, ECLAC. Estimates for next year are that Central America will expand 4.6% while South America will again contract 0.8%.
Friday, December 18th 2015 - 07:44 UTC
A good one for Brazil: trade surplus has reached US$15.8bn

Brazil accumulated a trade surplus of US$15.8 billion between January and the second week of December, its biggest for that period since posting a US$17.15 billion trade surplus for the first 11 months of 2012, according to Development, Industry and Foreign Trade Ministry figures.