Argentina

Saturday, September 15th 2012 - 07:06 UTC
Argentine government says protestors are more interested about what happens in Miami

The Argentine government reacted strongly to Thursday’s massive demonstrations across the country and challenged them to organize in a political party and run for election. However the mayor of the city of Buenos Aires said the protests filled him with “pride” and called on the people to keep confronting the government.
Saturday, September 15th 2012 - 05:36 UTC
Argentina pledges to increase corn exports to help ease tight global markets

Argentina pledges to export an extra 2.75 million tons of corn from its 2011-12 harvest to a total of 16.45 million tons helping to ease tight international markets after this summer's drought in the US damaged crops there and fuelled fears of a food crisis.
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.