Argentina

Tuesday, July 17th 2012 - 04:47 UTC
Moyano says unions will have their own stats office to keep track of inflation

Argentina’s organized labour CGT leader Hugo Moyano began on Monday his new term at the helm of the umbrella union organization and once again targeted the government of President Cristina Fernandez promising to set up his own Indec (stats office) to measure inflation.
Tuesday, July 17th 2012 - 04:42 UTC
As the dollar clamp tightens in Argentina, the greenback traded at 6.31 Pesos

The US dollar in Argentina soared on Monday and was trading in the “blue” or parallel market at 6.31 Pesos considerable higher than last Friday. The official rate climbed a modest half cent to 4.53 and 4.575 Pesos.
Monday, July 16th 2012 - 19:39 UTC
Argentina celebrates second anniversary of same-sex marriage bill

A law giving gay and lesbian couples the right to marry in Argentina celebrated its second anniversary over the weekend. Argentina became the first Latin American country to legalize gay marriage after President Christina Fernandez signed the law on July 21, 2010.
Monday, July 16th 2012 - 03:05 UTC
Mercosur reduced to a group “of bear-hugging and kissing compañeros”

The influential British business and politics magazine The Economist anticipates that following the latest decisions by Mercosur, the South American group has little if any future. The Economist argues that the mounting protectionism and the rule-breaking admission of Venezuela have fatally undermined a once-promising trade block.
Saturday, July 14th 2012 - 07:46 UTC
Venezuela/Argentina sign military cooperation in framework of Unasur Defence Council

Venezuelan Defence minister Henry Rangel Silva and his Argentine peer Arturo Puricelli signed on Friday a cooperation agreement to further advance in the integration of the two armed forces in the framework of the Unasur Defence Council.
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.