Economy

Saturday, December 15th 2012 - 21:06 UTC
Argentina pays GDP-linked bonds; Central bank reserves fall to lowest since 2007

Argentina made payments of over 3.5 billion dollars on Friday in GDP-linked bonds which refer to the 2005 and 2010 rescheduling agreed with creditors who originally held 2001/02 defaulted sovereign bonds. At the same bank the Central bank revealed that international reserves have fallen to its lowest since 2007.
Saturday, December 15th 2012 - 21:04 UTC
GeoPark drills new successful oil well in Colombia

GeoPark Holdings Limited announced the successful drilling, testing and putting into production of a new oil well in the Tua oil field on the Llanos 34 Block in Colombia. GeoPark that also has drilled for oil in southern Chile and Argentina operates and has a 45% working interest in the Llanos 34 Block.
Saturday, December 15th 2012 - 20:59 UTC
Petrobras selling its assets in Argentina; YPF one of the interested companies

Brazil's state-run oil company Petrobras is putting its Argentine assets up for sale and will start accepting bids from interested buyers as early as this week, Buenos Aires newspaper La Nacion reported Friday.
Saturday, December 15th 2012 - 06:33 UTC
Argentina’s official November inflation 0.9%; half the 1.81% congressional index

Argentina's official inflation was 0.9% in November, rising slightly from October's 0.8% rate, the government stats office Indec said on Friday.
Saturday, December 15th 2012 - 06:31 UTC
Mexico ready to drop WTO complaint after reaching auto accord with Argentina

Mexico said it would drop a complaint over import curbs against Argentina before the World Trade Organization after the two countries signed a more limited automobile trade pact.
Saturday, December 15th 2012 - 06:29 UTC
“Doctors of the World” claims there are 16.000 living in the streets of Buenos Aires

There are over 16.000 homeless living in the streets of Buenos Aires with great difficulties to access public health services according to the ‘Health in the streets’ report from ‘Doctors of the world’ and which was released Friday in the Argentine capital.
Saturday, December 15th 2012 - 06:15 UTC
“Support linked to competitiveness” Merkel tells the EU members

European leaders agreed on Friday to press on with further steps to tackle their debt crisis but German Chancellor Angela Merkel threw out a proposal to boost risk-sharing with a fund to help Euro zone states in trouble.
Friday, December 14th 2012 - 20:43 UTC
IMF praises Chile as one of the most stable and prosperous nations in the region

IMF Managing Director Christine Lagarde described Chile as one the most stable and prosperous nations in South America which has enjoyed robust growth over the last decade, but also warned it remains exposed to shifts in commodity prices.
Friday, December 14th 2012 - 20:35 UTC
“Tackling inflation”, Uruguay’s top priority says IMF and suggests government cuts spending

“Tackling inflation is Uruguay’s priority” said the International Monetary Fund board on Friday after inflation in October climbed to 9.1%. Monetary policy is not enough: the government must make efforts to cut back government spending and moderating wage growth insisted the IMF.
Friday, December 14th 2012 - 20:25 UTC
Argentine inflation 25.4% in last twelve months according to private estimates

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”.