Argentina

• Saturday, July 14th 2012 - 01:22 UTC

  Argentina has three annual inflation estimates: 9.9%; 23.96% and 30%

  

  Argentina's government reported Friday that consumer prices rose by 0.7% in June. The estimate, published by national statistics agency, Indec, indicates that in the first half of 2012 inflation reached 5.1% and 9.9% in the last twelve months.

• Saturday, July 14th 2012 - 00:36 UTC

  Argentine province reviewing BP operating licence in main oil field

  

  Argentina’s Chubut province is reviewing the operating license of BP Plc main oil field in the country and may revoke it, the provincial oil minister said. The review started after operations were interrupted last month for over three weeks during a workers’ protest, Minister Ezequiel Cufre said in an interview in Buenos Aires.

• Friday, July 13th 2012 - 06:59 UTC

  Argentine resident can only purchase “tourist dollars” through banks

  

  The dollar clamp continues to advance in Argentina: foreign currency for overseas travel will only be available in the official market with a bank check or debit from the buyer’s current account. This is considered the latest interpretation from last week’s resolution banning savings in the US currency.

• Friday, July 13th 2012 - 06:52 UTC

  The Argentine government moves into the power distribution sector

  

  Argentina's government appointed an “observer” Thursday to oversee business operations at the power distributor Edesur SA, after the company reportedly failed to make a payment to a regulatory company.

• Friday, July 13th 2012 - 06:44 UTC

  Argentine 2011/12 soy harvest 20% lower than previous year because of dry-spell

  

  Argentina's 2011/12 soy harvest has come at an expected 39.9 million tons, but 20% lower than the previous year's crop after a Pampas dry spell dashed early-season hopes of bumper crop, the Buenos Aires Grains Exchange said on Thursday.

• Friday, July 13th 2012 - 06:36 UTC

  Argentine organized labour splits and pledges to challenge Cristina Fernandez

  

  Argentina’s CGT Central Labour Confederation leader Hugo Moyano, who on Thursday was re-elected for a third period during the umbrella organization’s congress warned that “we will have to rethink our vote in 2013 if the Government (of President Cristina Fernandez) does not give an answer to our claims.”

• Friday, July 13th 2012 - 03:21 UTC

  Commons report reveals UK sold £ 2.3m of military equipment to Argentina

  

  The British government must exercise more caution in granting licences for the export of arms, according to a parliamentary report which mentions authoritarian regimes such as Bahrain but also areas of direct concern for UK such as Argentina and the Falklands.

• Thursday, July 12th 2012 - 07:16 UTC

  Cristina Fernandez challenges organized labour determined to have Moyano sacked

  

  The Argentine powerful organized labour unions, CGT is heading for a fracture from the moment two different congresses have been convened at different dates, one of them supportive of President Cristina Fernandez’ administration and the other entirely in the opposition.

• Thursday, July 12th 2012 - 07:11 UTC

  Argentina displaces Venezuela as holder of the region’s highest inflation title

  

  Venezuela’s president Hugo Chavez running for re-election received a considerable boost for his campaign from his peer and political associate President Cristina Fernandez when it was revealed that Argentine inflation in the first half was over two digits.

• Thursday, July 12th 2012 - 07:09 UTC

  Argentine economy suffering from a mix of stagnation and strong inflation

  

  The stagnation of the Argentine economy at the end of the first half of the year is “palpable” and so is tension in the money exchange market because of the restrictions on the purchase of US dollars imposed by the government of President Cristina Fernandez, according to a report from economic advisors Ecolatina from Buenos Aires.