Argentina

• Friday, September 21st 2012 - 06:13 UTC

  Argentine industrial production and outlook stable in August

  

  Argentina’s industrial output fell 0.8% last August when compared to the same month last year, according to the country’s stats office Indec. However it improved 0.7% when compared to July but dropped 1.2%, points out Indec Monthly Industrial Estimate

• Friday, September 21st 2012 - 06:06 UTC

  Brazil approves bill which allows the opening of tax-free shops along border towns

  

  The Brazilian congress approved this week a bill which enables the opening of free shops or tax free shops, along border towns currently suffering from the massive inflow of imported goods purchased at international prices in such stores in Uruguay, Argentina and Paraguay.

• Thursday, September 20th 2012 - 22:59 UTC

  Finance minister tells Congress world crisis will not affect Argentina

  

  Finance minister Hernan Lorenzino said on Thursday that the international crisis will not affect Argentina and attributed this to the policy of drastically cutting the country’s sovereign debt which now stands at only 40% of GDP.

• Thursday, September 20th 2012 - 06:09 UTC

  Argentine campaign to promote domestic tourism disqualifying Mercosur options

  

  Argentina launched an aggressive campaign to boost domestic tourism this coming summer season by publishing hotel, food and rent prices of resorts along the Atlantic coast and comparing them with similar options in Mercosur partners such a Uruguay, Brazil and Chile.

• Wednesday, September 19th 2012 - 06:22 UTC

  Argentina Paypal-users activities limited to international payments

  

  Paypal is to prevent users in Argentina from transferring money between their own accounts. The online payment service said that from 9 October: “Argentina resident Paypal-users may only send and receive international payments.”

• Wednesday, September 19th 2012 - 06:05 UTC

  Argentine economy to expand 1% this year, according to private estimates

  

  The Argentine economy is expected to grow 1% this year with manufacturing activity virtually stagnant, according to the head of a leading economic consultancy agency in Buenos Aires who nevertheless admits that the government stats “will probably show a better performance”.

• Wednesday, September 19th 2012 - 06:00 UTC

  Iran requests meeting with Argentina at the coming UN General Assembly

  

  Iran's Foreign Minister Ali Akbar Salehi formally requested his Argentine counterpart Héctor Timerman for a meeting to be held next week at the United Nations General Assembly, the Ministry reported.

• Wednesday, September 19th 2012 - 05:51 UTC

  IMF calls on Argentina to implement measures on the quality of official data

  

  The International Monetary Fund announced on Tuesday that it “regretted the lack of sufficient progress” with Argentina to address the quality of the official data reported by the country and urged it to come up with a response to the organization’s concerns by December 17th.

• Wednesday, September 19th 2012 - 05:47 UTC

  Soy supply in 2013 expected to be highly dependent on South American supply

  

  A leading international consultant on grains and oilseeds estimates that Argentina’s soy crop could increase 38% to 56 million tons in 2013, a year when world supply will become more dependent on South America because of smaller inventories in countries such at the US and China.

• Wednesday, September 19th 2012 - 05:20 UTC

  Argentina inflation expectations 30% and 20 percentage points above official index

  

  Argentina's 12-month inflation expectations held steady for a seventh consecutive month at 30% in September, according to the median estimate in a survey published by the Torcuato Di Tella University, UTDT. However after three steady months expectations eased with the average response sliding to 34.9% from 39.8% in August.