Stories for March 2016

Monday, March 14th 2016 - 11:33 UTC
Argentina's February inflation 4.8%; minister anticipates 1% during second quarter

February’s inflation in Argentina reached 4.8% and has accumulated 33.9% in the last twelve months, according to the so called “congressional inflation index” released laast week. But Finance minister Alfonso Prat-Gay from Chile anticipated that consumer prices will fall to nearly 1% during the second quarter.
Sunday, March 13th 2016 - 23:17 UTC
Mercosur/EU will exchange trade proposals in April, is announced in Argentina

Mercosur and the European Union will exchange trade proposals in April, a key step for the long delayed trade and cooperation agreement between the two blocks and which has gained strength since the change of administration in Argentina with president Mauricio Macri.
Sunday, March 13th 2016 - 22:49 UTC
Argentina's government release of 2015 fiscal results triggers strong controversy

Argentina's Finance Ministry finally released its fiscal results for the 2015 period, which showed a deficit amounting to more than 5% of GDP. The figure is likely to be subject to much controversy and discussion, as the government of president Mauricio Macri introduced new methodology to calculate its figures.
Sunday, March 13th 2016 - 22:40 UTC
Oil at US$ 67 in Argentina has all the Majors converging

By Nick Cunningham of Oilprice.com

Argentina offers one of the few places on earth where oil companies are not suffering from the full force of the collapse in prices. Argentina regulates oil prices, a policy originally intended to insulate the public from the whims of the market, protecting people from triple-digit crude prices. But with the crash in prices since mid-2014, the effect of the regulation has reversed: motorists are now effectively subsidizing the oil industry.
Sunday, March 13th 2016 - 22:27 UTC
Falklands: Mar del Plata bishop blesses “Identity Crossing” swimmers, and 250 rosaries

Mar del Plata bishop Monsignor Antonio Marino met with the swimmers that are planning to cross the Falklands' sound, or “Identity Crossing”, and blessed rosaries they will be taking to the Argentine memorial in Darwin.
Sunday, March 13th 2016 - 22:22 UTC
Argentine bonds: US Appeals court puts on hold Judge Griesa's lifting of injunctions

United States appeals court put on hold a United States District Judge Thomas Griesa ruling lifting injunctions that have restricted Argentina from paying off some debts in light of the country’s US$6.5 billion offer to settle litigation over bonds in default since 2002.
Sunday, March 13th 2016 - 21:50 UTC
More than a million people fill the streets of Brazil demanding removal of Rousseff

More than a million people have poured onto the streets of Brazil to demand the removal of the country's president Dilma Rousseff. The president is struggling to hold on to power in the face of a massive corruption scandal and the worst recession in decades.
Sunday, March 13th 2016 - 16:54 UTC
Cuba reiterates to Malcorra support for Argentina's Malvinas claim

Argentina's foreign minister Susana Malcorra made a quick working visit to Cuba where she held talks with her peer Bruno Rodríguez Parrilla to address bilateral issues and also met the representatives from the Colombia-Farc peace talks which are taking place in Havana.
Sunday, March 13th 2016 - 16:50 UTC
Brazil's largest party agrees that if Rousseff is forced out, Temer will replace her

Brazil's largest political party and decisive member of the ruling coalition said on Saturday it will take 30 days to decide whether to break with President Dilma Rousseff as she faces an impeachment battle. Calls within the Brazilian Democratic Movement Party, PMDB, to ditch the coalition have been growing as Rousseff faces a bruising recession, a spiraling corruption scandal and a probe of alleged electoral violations, as well as possible impeachment.
Saturday, March 12th 2016 - 07:21 UTC
France's Total ready to begin drilling offshore Uruguay: risky project but it could be AN ”elephant''

France’s Total SA announced it is preparing to begin drilling one of its most important offshore exploration wells in the Americas this year as it hunts for a giant oil field in Uruguayan waters. A discovery could extend an exploration boom in a country that currently imports all of its oil and gas needs.