Argentina

• Friday, July 15th 2011 - 06:13 UTC

  Argentine central bank purchases 500m dollars to stop appreciation of the Peso

  

  The Argentine Central bank has purchased so far this week 500 million US dollars to ensure that the country’s exporters retain a favourable exchange rate and importers are not that tempted to buy foreign goods.

• Friday, July 15th 2011 - 06:09 UTC

  “Grain prices are more linked to the US dollar than to food demand”

  

  “Saving in US dollars or in soybeans is the same” cautioned Argentine economist Carlos Melconian, who argued that “grain and oilseed prices are more linked to the value of the dollar than to demand for food produce”.

• Friday, July 15th 2011 - 05:49 UTC

  Attempt to create South Atlantic whale sanctuary rejected in IWC meeting

  

  International Whaling Commission's (IWC) annual meeting closed after a tense final day when relations between opposing blocs came close to collapse. Latin American nations attempted to force a vote on a proposal to create a whale sanctuary in the South Atlantic.

• Thursday, July 14th 2011 - 22:18 UTC

  IMF assessing quality of Argentina’s economic data reporting

  

  IMF said on Wednesday that it is assessing the quality of Argentina's reporting on economic data based on a report presented by the fund’s management which recently visited the country member.

• Thursday, July 14th 2011 - 07:04 UTC

  “CFK grandma! I’m having a grandchild; God takes away but also gives”

  

  Argentine President Cristina Fernández de Kirchner announced Wednesday on her official Twitter social network account that her son, Máximo Kirchner, has confirmed that she will be grandmother as her son's girlfriend is pregnant.

• Wednesday, July 13th 2011 - 19:13 UTC

  In spite of slower growth, Brazil’s consumers and industrial capacity on over time

  

  Economic activity in Brazil expanded 0.17% in May over the previous month, the slowest pace this year, according to the Central Bank’s seasonally adjusted index. As direct reference growth in April was 0.44%. However the May figure is 4.25% over a year ago.

• Wednesday, July 13th 2011 - 03:07 UTC

  Argentine June “Congress inflation index” jumped 1.5%

  

  Argentine opposition lawmakers announced on Tuesday that the so called “Congress inflation index” measured by eight consulting agencies increased 1.5% in June. The index is a repeat of May’s 1.5%, and 23.5% in the last twelve months.

• Wednesday, July 13th 2011 - 01:38 UTC

  Argentina’s industrial activity increased 9.6% in May says Industrial Union

  

  Argentina’s industrial activity increased 9.6% in May, in comparison to the volume registered in the same month of 2010, the Argentine Industrial Union reported on Tuesday. With this result, the industrial activity accumulated a 9.2% increase in the first five months of 2011.

• Tuesday, July 12th 2011 - 15:37 UTC

  Argentina continues to block sale of Paraguayan power to Uruguay

  

  The sale of power from landlocked Paraguay to Uruguay continues to be delayed because Argentina has come up with more demands before it allows transmission through its grid, according to Paraguayan officials.

• Tuesday, July 12th 2011 - 07:33 UTC

  “A majority (70%) of Buenos Aires City voters do not like to be blackmailed”

  

  Buenos Aires City Mayor, conservative Mauricio Macri said on Monday he was “really surprised” with the large margin victory obtained in the first round of his bid for re-election and considered the result “a good example of the voters’ independency, and how citizens can surprise with their decisions”.