Argentina

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.
Wednesday, September 12th 2012 - 05:02 UTC
A front to counter Argentine presidential re-re-election attempts begins to take shape

Argentine main opposition groups, parties and unions, have been rallying in an attempt to counter the alleged intentions of the Cristina Fernandez administration to sponsor a constitutional reform that would enable her to bid for a third consecutive presidential mandate in 2015.
Wednesday, September 12th 2012 - 04:11 UTC
Following public uproar, the Timerman family will celebrate the marriage in Buenos Aires

Finally the Argentine Foreign Minister Hector Timerman family decided not to celebrate the marriage of their eldest daughter Jordana in Uruguay’s most exclusive resort but rather in Buenos Aires.