Argentina

Tuesday, July 10th 2012 - 05:19 UTC
“Activity level has dropped” says Argentine industrial union chief

The head of the Argentine Industrial Union, José Ignacio de Mendiguren, admitted that “it's clear that the activity level has dropped,” and warned that “the construction-related sectors delay the new projects.”
Tuesday, July 10th 2012 - 05:15 UTC
Pork for apples opens the way to normalize frozen Argentine/Brazilian trade

After two months of waiting, Brazil authorized the entry of apples from Argentina’s Alto Valle of Rio Negro and Neuquen. The news, which brings relief to local exporters, came after Argentina reopened its market to pork from Brazil.
Monday, July 9th 2012 - 19:59 UTC
Morgan Stanley cuts Argentina’s growth estimates and forecasts 2013 devaluation

Morgan Stanley has cut its 2012-13 growth forecasts for Argentina and forecasts a sharp devaluation of the Argentine peso next year as the economy starts to unravel amid high inflation and policy missteps.
Monday, July 9th 2012 - 05:59 UTC
Chavez announces trip to Brazil for Venezuela’s formal admission to Mercosur

President Hugo Chavez said he will be attending at the end of July the coming Mercosur meeting in Brasil when Venezuela will officially become the group’s fifth full member, a decision that has proved controversial and exposed differences inside the Common Market of the South.
Saturday, July 7th 2012 - 05:15 UTC
Argentina ends double taxing treaty with Chile which was running since 1976

Chilean Foreign Minister Alfredo Moreno regretted Argentina’s decision to end a double taxing agreement which was running since 1976 and exempts Chileans and Argentines making business in the neighbouring country from paying taxes as long as they are already contributors at home.
Saturday, July 7th 2012 - 00:58 UTC
Argentina to pay maturing debts in third quarter with central bank reserves

The Argentine central bank will affect 4.165 billion dollars from the bank’s freely available reserves to honour government debt maturing in the third quarter, it was officially announced.
Saturday, July 7th 2012 - 00:35 UTC
Argentine central bank announces “pesification” of real estate operations

Following the official new curbs on US dollar purchasing for savers, the head of the Argentine Central Bank Mercedes Marcó del Pont came on stage to defend the measure and anticipate that operations in the real estate market will have to be done in Argentine Pesos.
Friday, July 6th 2012 - 07:11 UTC
Mexico follows on Argentina and withdraws from zero-tariff accord for auto industry

Mexico has withdrawn a zero-tariff agreement with Argentina on autos in a tit-for-tat trade dispute after the Argentine government's decision to pull out of an auto trade pact between the two countries.
Friday, July 6th 2012 - 07:04 UTC
Auto industry production in Argentina continued to slow down in June

Argentine automobile production fell 12% in June from the previous month and plunged 34.4% from a year earlier, according to an industry trade group. The auto industry produced 52,983 vehicles in June compared with 60,206 units in the previous month and 80,795 a year earlier.
Friday, July 6th 2012 - 06:56 UTC
Former Argentine dictator and other officers convicted for baby thefts

An Argentine court has sentenced former dictator General Jorge Videla to 50 years in jail for stealing babies from political prisoners. There were also heavy penalties for other military officers involved in the practice.