Argentina

• Friday, December 14th 2012 - 20:25 UTC

  Argentine inflation 25.4% in last twelve months according to private estimates

  

  Argentine opposition lawmakers presented November's inflation rate, or ‘Congressional rate’ based in the analysis of nine private agencies, which showed a 1.81% advance against the previous month, accumulating 25.4% in the last twelve months, “the highest in 18 months”.

• Friday, December 14th 2012 - 07:30 UTC

  IMF expected to delay action on Argentina on stats dispute until mid January

  

  The IMF said Thursday that it was unlikely to take action on Argentina failure to supply accurate statistical data before January, if the country misses a deadline next Monday.

• Friday, December 14th 2012 - 06:58 UTC

  P&O cruise vessels choose Falklands over Ushuaia, Puerto Madryn and Buenos Aires

  

  P&O, a subsidiary of Carnival Corporation Plc and one of the world’s leading cruise operators will be omitting Puerto Madryn, Ushuaia and Buenos Aires from its 2013 season because of the difficulties encountered by its red ensign vessels in Argentine ports during recent months. However the company confirms that the vessels will continue to call in the Falkland Islands.

• Friday, December 14th 2012 - 05:15 UTC

  Argentina announces payments of over 3.5bn dollars in GDP-linked bonds

  

  Economy Minister Hernán Lorenzino announced on Thursday Argentina will be making payments for more than 3.5 billion dollars in GDP-linked bonds, at the Economy Ministry.
  Lorenzino presented the payment as a triumph against the hedge-funds.

• Friday, December 14th 2012 - 04:45 UTC

  ‘Argentina’s behaviour’ main obstacle for EU/Mercosur trade talks says Brussels

  

  The European Union Trade Commissioner openly accused “Argentina’s behaviour” as the main obstacle in discussions to advance and reach a free trade agreement with Mercosur.

• Thursday, December 13th 2012 - 23:18 UTC

  International tourism reaches a billion and the industry celebrates

  

  One billion tourists have traveled the world in 2012, marking a new record for international tourism – a sector that accounts for one in every 12 jobs and 30% of the world’s services exports. On the symbolic arrival date of the one-billionth tourist, 13 December 2012, UNWTO revealed the actions tourists can take to ensure their trips benefit the people and places they visit, as voted by the public.

• Thursday, December 13th 2012 - 07:12 UTC

  Panama files dispute before WTO against Argentina’s trade restrictions

  

  Panama filed a dispute against Argentina at the World Trade Organization on Wednesday alleging the government of President Cristina Fernandez had broken WTO rules by discriminating against imports of goods and services.

• Thursday, December 13th 2012 - 07:09 UTC

  IDB 6bn loan to reduce development disparities in Argentine Northern provinces

  

  The Inter-American Development Bank (IDB) approved a credit program for Argentina of 6 billion dollars until 2015, destined to works in the region known as Norte Grande, and Greater Buenos Aires, the Economy Ministry stated in a communiqué.

• Thursday, December 13th 2012 - 07:04 UTC

  US court ruling against Argentina threatens Greek Collective Action Clause

  

  A legal clause that is the key to smoothing future debt restructurings could be undermined by a US court ruling that Argentina must pay creditors holding its defaulted debt.

• Thursday, December 13th 2012 - 06:48 UTC

  Argentine president and Michelle Obama take a personal interest in the Marita Veron case

  

  President Cristina Fernandez and First Lady Michelle Obama have expressed a personal interest in the case of forced prostitution of a young woman and acquittal of all suspects, which has shocked Argentina.