Argentina

• Saturday, September 15th 2012 - 05:29 UTC

  YPF/Chevron signed an understanding to explore for shale gas and oil in Neuquen

  

  Argentina's recently nationalized oil and gas producer YPF SA and the US Chevron Corporation have signed a memorandum of understanding to explore for unconventional energy in Vaca Muerta, in the Patagonian province of Neuquen.

• Saturday, September 15th 2012 - 05:13 UTC

  Argentina’s money supply adjusted for inflation climbed 22.6% in last 12 months

  

  A benchmark measure of Argentina's money supply rose 34.6% on the year in August, according to the central bank. In its monthly monetary report published late Thursday, the Central Bank of Argentina said its M2 measure of money supply averaged 403.93 billion Argentine pesos (86.6 billion dollars) last month.

• Friday, September 14th 2012 - 05:18 UTC

  Auction of Pluna’s Bombardier aircraft collapses: terms “non attractive” and “non viable”

  

  Uruguay’s attempt to auction the bankrupt national airline Pluna aircraft collapsed because none of the groups that showed an initial interest turned up arguing that the 136 million dollars for the seven Bombardier CRJ900 NextGen was “not attractive” and considered the whole business deal “non viable”.

• Friday, September 14th 2012 - 03:40 UTC

  Thousands across Argentina take to the streets to protest against re-re-election

  

  Appealing to social networks thousands of Argentines Thursday evening took to the streets of the country’s major cities to protest some of the latest measures from the government of President Cristina Fernandez including the re-re-election plans and the increasing restrictions to the purchase of dollars.

• Friday, September 14th 2012 - 00:51 UTC

  Brazilian extends tax breaks to two dozen industries to stimulate economy

  

  Brazil rolled out additional stimulus measures to bolster its sluggish economy on Thursday, extending tax breaks to more than two dozen industries and reducing the cost of acquiring capital goods in a bid to help struggling local businesses.

• Thursday, September 13th 2012 - 17:07 UTC

  Argentina’s official inflation for August, 0.9% and 6.8% in the eight months

  

  Argentina’s inflation advanced 0.9% in August and 6.8% in the first eight months of the year according to the controversial official stats office Indec. Whole sale prices were up 1% over July and the construction cost increased 1.3%.

• Thursday, September 13th 2012 - 17:03 UTC

  Argentina “suggests” banks should limit dollar extractions by credit card holders

  

  The Argentine central bank has informally “suggested” the banking system to limit the advances (in dollars) of credit card holders overseas, reports the Buenos Aires financial press. This is seen as another tightening of the dollar clamp imposed by the administration of President Cristina Fernandez to retain much needed foreign currency.

• Thursday, September 13th 2012 - 02:34 UTC

  South America cruise industry “must work together and rein in costs”

  

  South America's cruise industry has been growing fast and holds vast potential, but the region must work together to tackle issues, create demand and rein in costs, said speakers at the Seatrade South America Cruise Convention in Buenos Aires.

• Wednesday, September 12th 2012 - 19:28 UTC

  Falklands’ capital expands south anticipating housing demand from oil developers

  

  Anticipating a greater demand for housing from oil developers and support activities the Falkland Islands government is advancing plans to further expand Stanley. Additional funding to take in phase two of the Sapper Hill housing development to the south of Stanley has been approved by the Standing Finance Committee totalling £1.3 million for a further 27 housing plots.

• Wednesday, September 12th 2012 - 15:28 UTC

  Falklands’ individual average annual income totals £ 20.100, shows Census

  

  The individual average annual income of the Falkland Islands residents totals £ 20.100 (approx 32.000 US dollars) according to data from the latest 2012 Census, which also showed an exceptionally high economic activity rate and a very tight labour market with just 1% unemployment and 20% of residents with a second job.