Argentina

• Friday, July 12th 2013 - 20:41 UTC

  EU bio-diesel tariffs and China’s policy change threaten Argentina’s soy-oil industry

  

  The export price of Argentine soy-oil has plummeted 21% so far this year, due to new European bio-diesel tariffs and China’s change of policy, putting one of the country's key industries at risk. Argentina is the world's top exporter of soy-oil, which is used to make bio-diesel.

• Friday, July 12th 2013 - 08:16 UTC

  Mercosur will lift Paraguay’s suspension next August 15, announced Uruguay

  

  This coming August 15, Mercosur will lift the suspension on Paraguay's participations that has held since June 29 2012, Uruguay Minister Luis Almagro announced on Thursday during a meeting of the group’s foreign ministers in Montevideo.

• Friday, July 12th 2013 - 08:13 UTC

  Argentina: private estimates’ June inflation reached 1.93% and 23.78% in twelve months

  

  Argentina’s June inflation according to the ‘congressional index’ was 1.93%, and 23.78% in the last twelve months, it was announced on Thursday by the opposition members from the Lower House Freedom of Speech committee.

• Thursday, July 11th 2013 - 07:26 UTC

  Summit in Montevideo could further expose the fragility of a Mercosur turned political

  

  President-elect Horacio Cartes will not make any comments on the ongoing dispute of Paraguay with Mercosur until after the group’s summit in Uruguay next Friday, when official decisions on the subject are expected to be made public. However for both sides any decision will most probably be challenging and ratify that Mercosur has become a political group far from its original trade and investment purposes.

• Thursday, July 11th 2013 - 07:22 UTC

  Falklands: Ambassador Castro renews sovereignty claims and blasts the US for spying

  

  Argentine ambassador to the United Kingdom Alicia Castro renewed Argentina’s sovereignty claims over the Falkland Islands and put the Edward Snowden spy row on London’s table: “We are free nations that neither need nor want to be spied on,” Castro warned.

• Wednesday, July 10th 2013 - 17:32 UTC

  “Evita” 100-Peso bill are legal tender and must be accepted, warns Argentine central bank

  

  Argentina's central bank has warned businesses to stop rejecting commemorative bank notes bearing the image of Eva Peron to mark the 60th anniversary of the iconic former first lady's death. President Cristina Fernandez, whose fiery speaking style often prompts comparisons with that of “Evita” unveiled the 100-peso bills emblazoned with her profile a year ago.

• Wednesday, July 10th 2013 - 06:09 UTC

  Mercosur and Paraguay on collision course; Uruguay insists Venezuela will hold the chair of the group

  

  Paraguay reiterated on Tuesday that if Venezuela assumes as pro termpore chair of Mercosur, it is not interested in returning to the group and discarded Venezuelan President Nicolas Maduro pledge to ensure Paraguay is fully reincorporated.

• Wednesday, July 10th 2013 - 00:59 UTC

  Argentina plays down latest ruling from NY Appeals Court on investment funds’ litigation

  

  The order handed down on Tuesday by the Appeals Court of New York's Second Cirtcuit “does not affect the appeal” that the Argentine government is pursuing in the case against the investment funds (‘vulture funds’), according to the Argentine Economy Ministry.

• Tuesday, July 9th 2013 - 06:39 UTC

  Main organized labour leader calls on workers not to vote for CFK next October

  

  The powerful organized labour leader and former ally of the government Hugo Moyano, called on workers to vote against the administration of President Cristina Fernandez (CFK) and her candidates in the coming mid term elections of next October, during a political rally in the iconic Plaza de Mayo, downtown Buenos Aires

• Tuesday, July 9th 2013 - 06:34 UTC

  Strong letter to Cristina Fernandez for blocking AMIA case prosecutor from testifying before US congress

  

  The United States Congress sent a strong letter to Argentine president Cristina Fernandez expressing ‘disappointment’ and ‘deep concern’ over the government’s decision to deny General Prosecutor of the AMIA Case, Alberto Nisman, the opportunity to testify before the House Committee on Homeland Security’.