Argentine opposition lawmakers presented November's inflation rate, or ‘Congressional rate’ based in the analysis of nine private agencies, which showed a 1.81% advance against the previous month, accumulating 25.4% in the last twelve months, “the highest in 18 months”.
The IMF said Thursday that it was unlikely to take action on Argentina failure to supply accurate statistical data before January, if the country misses a deadline next Monday.
P&O, a subsidiary of Carnival Corporation Plc and one of the world’s leading cruise operators will be omitting Puerto Madryn, Ushuaia and Buenos Aires from its 2013 season because of the difficulties encountered by its red ensign vessels in Argentine ports during recent months. However the company confirms that the vessels will continue to call in the Falkland Islands.
Economy Minister Hernán Lorenzino announced on Thursday Argentina will be making payments for more than 3.5 billion dollars in GDP-linked bonds, at the Economy Ministry.
Lorenzino presented the payment as a triumph against the hedge-funds.
The European Union Trade Commissioner openly accused “Argentina’s behaviour” as the main obstacle in discussions to advance and reach a free trade agreement with Mercosur.
One billion tourists have traveled the world in 2012, marking a new record for international tourism – a sector that accounts for one in every 12 jobs and 30% of the world’s services exports. On the symbolic arrival date of the one-billionth tourist, 13 December 2012, UNWTO revealed the actions tourists can take to ensure their trips benefit the people and places they visit, as voted by the public.
Panama filed a dispute against Argentina at the World Trade Organization on Wednesday alleging the government of President Cristina Fernandez had broken WTO rules by discriminating against imports of goods and services.
The Inter-American Development Bank (IDB) approved a credit program for Argentina of 6 billion dollars until 2015, destined to works in the region known as Norte Grande, and Greater Buenos Aires, the Economy Ministry stated in a communiqué.
A legal clause that is the key to smoothing future debt restructurings could be undermined by a US court ruling that Argentina must pay creditors holding its defaulted debt.
President Cristina Fernandez and First Lady Michelle Obama have expressed a personal interest in the case of forced prostitution of a young woman and acquittal of all suspects, which has shocked Argentina.