Argentina

• Wednesday, June 15th 2011 - 23:35 UTC

  Argentina’s official May ‘fantasy’ inflation 0.7%; private consultants, 1.5%

  

  Inflation in Argentina reached 0.7% in May compared to the volume reported in the previous month, the Indec national statistics bureau announced on Wednesday. The official rate is less than half what was presented on Tuesday by opposition lawmakers, which they assured reached 1.5% and 23% in the last twelve months.

• Wednesday, June 15th 2011 - 22:46 UTC

  Argentina attracted 40% of all Chinese investments in the region in last 12 months

  

  Argentina attracted 40% of all Chinese investments in the region in the last twelve months (June 2010/May 2011) and prospects remain “optimistic” reveals a report from Deloitte.

• Wednesday, June 15th 2011 - 21:37 UTC

  Siemens manager charged for allegedly bribing Argentine officials with 27 million USD

  

  A former management board member of Germany’s Siemens AG has been charged with breach of trust for alleged bribery payments made to win a project in Argentina, the Munich State Prosecutors office said this week.

• Wednesday, June 15th 2011 - 19:30 UTC

  Argentina industrial output up 7.9% in April and 9.2% in first four months

  

  Argentina’s industrial output rose 7.9% on the year in April and was down 0.2% on the month, the country's manufacturers association, UIA, said in a statement. In the first four months of the year industrial output was 9.2% higher than the same period in 2010.

• Wednesday, June 15th 2011 - 02:38 UTC

  Argentina’s lessons from ‘dirty war’, apply today to Syria, said Ban Ki-moon

  

  United Nation Secretary General Ban Ki-moon has urged that the lessons learned from Argentina’s turn from dictatorship to democracy be applied widely, particularly in North Africa and the Middle East, and he called on Syria to allow humanitarian aid into areas affected by ongoing violence.

• Wednesday, June 15th 2011 - 01:45 UTC

  Argentine opposition says May inflation was 1.5% and 23.5% in last 12 months

  

  Argentine opposition lawmakers reported Tuesday that the inflation rate reached 1.5% in May, according to the estimates provided by eight “censored” economic consultants. They added it was their duty to inform about data which “the government tries to hide from public opinion”.

• Tuesday, June 14th 2011 - 22:39 UTC

  Humala reaffirms historic links: “Peru will always support Argentina”

  

  President-elect Ollanta Humala said Peru has shown “it will always support Argentina” and underlined the long standing close relations with the country that hosts one of the largest Peruvian communities overseas.

• Tuesday, June 14th 2011 - 22:31 UTC

  Korean Hyundai to ensure local market agrees to export Argentine bio-diesel and soy flour

  

  Korea’s Hyundai reached an agreement with the Argentine government by which it will compensate its 91 million US dollars surplus on sales to the local domestic market by promoting exports of peanuts, wine, bio-diesel and soy flour to the tune of 157 million US dollars.

• Tuesday, June 14th 2011 - 15:12 UTC

  One in six Argentine children aged 5-17 forced to work to help their families

  

  An estimated 17.6% of Argentine children between the age of 5 and 17 living in urban areas are forced to work, according to a report from the Argentine Catholic University, UCA, released last week.

• Monday, June 13th 2011 - 22:40 UTC

  River Plate airports with no air traffic until Tuesday morning

  

  A remnant of volcanic ashes spewed by the Chilean volcano Puyehue over a week ago and which continues to hover over the River Plate again interrupted Monday activities in the three main airports, Carrasco in Montevideo and Ezeiza and Aeroparque in the city of Buenos Aires.