Argentina

• Saturday, July 21st 2012 - 07:51 UTC

  Chavez confirms Dilma’s invitation to Mercosur meeting in Rio on July 31

  

  Venezuelan president Hugo Chavez said he had talked with his peer from Brazil Dilma Rousseff who confirmed the invitation to an extraordinary meeting of Mercosur next July 31 in Rio do Janeiro.

• Saturday, July 21st 2012 - 07:32 UTC

  Bad news for Argentina: economy contracts and industrial production slumps

  

  Argentina's economy contracted in May and industrial production slumped further in June, according to government data released on Friday. Economic activity fell 0.5% in May year-on-year, slowing from April's 0.6% growth rate and marking the first contraction in 34 months.

• Saturday, July 21st 2012 - 07:17 UTC

  YPF building credibility buys back 79 million dollars in 2028 bonds

  

  Argentina's nationalized oil and gas company YPF said on Friday it had bought back 79 million dollars in 2028 bonds that it was obliged to repurchase in the case of a state takeover.

• Saturday, July 21st 2012 - 06:44 UTC

  Argentine collar clamp has sentenced businessman ‘trapped’ in Uruguay

  

  An Argentine businessman who was sentenced in Uruguay to home arrest following a car accident in which one person died remains at the location of the crime because his family in Argentina have been unable to purchase the 5.000 US dollars bail needed for his release.

• Friday, July 20th 2012 - 08:27 UTC

  Argentines inflation expectations for the next 12 months in July climbed to 35.7%

  

  Argentines inflation expectation for the next twelve months climbed in July to 35.7% from 34.9% in June according to the latest report form the Di Tella University Finance research centre (UTDT).

• Friday, July 20th 2012 - 08:21 UTC

  Argentina blasts WTO for its biased and tendentious reports on world trade

  

  The Argentine government, together with Brazil, India and South Africa questioned the inclination, almost bias, of some trade measures elaborated by the World Trade Organization Director General.

• Friday, July 20th 2012 - 08:07 UTC

  Argentina announces development of huge potassium deposits with Brazil

  

  President Cristina Fernández announced on Thursday the development of a mining project between Neuquén, Mendoza and Río Negro provinces which will led by Brazilian company Vale, and is expected to become the largest potassium mining site in the world.

• Friday, July 20th 2012 - 02:40 UTC

  Argentine government entities can only buy fuel from YPF

  

  Argentina's state entities must purchase diesel, gasoline and lubricant supplies for cars, boats and planes solely from YPF, the recently nationalized oil company, and not competitors like ExxonMobil, Petrobras or Shell, the government ordered Thursday.

• Thursday, July 19th 2012 - 23:35 UTC

  Further ‘parsimonious’ monetary-easing anticipated from Brazilian central bank

  

  Brazil’s central bank reiterated that inflation will continue to slow toward its target, signalling it will further reduce interest rates that have already been cut to a record.

• Thursday, July 19th 2012 - 22:36 UTC

  Cristina Fernandez unleashes tax agency against opponents, claims The Economist

  

  Under the heading of “Knock, knock, the government unleashes the tax agency against its opponents” The Economist latest edition claims that President Cristina Fernandez is using the tax revenue office to hound its political enemies.