Economy

• Monday, March 12th 2012 - 20:05 UTC

  UK minister in Chile accuses Argentina of economic blockade to the Falklands

  

  United Kingdom’s Foreign Office Minister Jeremy Browne on a two-day visit to Chile criticized what he called the “economic blockade” to the Falklands Islands by saying it “wasn’t right” and again reaffirmed the right of self determination for the Islanders.

• Monday, March 12th 2012 - 08:14 UTC

  Mercosur/EU meet for a new round of negotiations in Brussels

  

  A new round of talks between the European Union and Mercosur is scheduled to begin Monday in Brussels for a week, according to a press release from the Argentine Foreign Affairs.

• Monday, March 12th 2012 - 07:36 UTC

  Inter-American Development Bank meets in Montevideo; over 3.000 attendants

  

  Leading figures from the public, private, and academic sectors will participate in the annual meeting of the Inter American Development Bank, (IDB), In Uruguay, March 15-19, to examine issues that include the European crisis, youth employment, citizen security, culture and sports for youth development, climate change, and cooperation between Asia and Latin America.

• Monday, March 12th 2012 - 07:29 UTC

  End of a long stormy relation: IMF to close office in Buenos Aires

  

  In a surprise move the IMF has decided to close its office in Buenos Aires and Argentine issues will be managed and formally addressed from Peru, according to a report from La Nacion, quoting IMF sources.

• Saturday, March 10th 2012 - 05:20 UTC

  Remittances to Latam and Caribbean picked up in 2011 and reached 61 billion

  

  Latin American and Caribbean migrants sent 61 billion dollars in remittances to their home countries last year, up 6% from 57.6 billion in 2010, according to a report released today by the Multilateral Investment Fund (MIF), a member of the Inter-American Development Bank group.

• Saturday, March 10th 2012 - 04:52 UTC

  Brazilian fiscal benefits for industry to prop the economy and help competition

  

  The Brazilian government that this week promised an ‘arsenal’ of measures to counter the effects of the international crisis and prop the economy will reduce the tax burden for several industries, revealed a Sao Paulo newspaper close to the current administration.

• Saturday, March 10th 2012 - 04:47 UTC

  Argentine labour disputes are bogging down shipments of soy and grains

  

  Crews needed to guide ships through Argentine ports will stay off the job until more staff is assigned to work busy docking shifts, a union leader reiterated on Friday.

• Saturday, March 10th 2012 - 04:38 UTC

  Vatican says it is complying with anti money laundering recommendations

  

  The Vatican on Friday sought to explain its presence for the first time on a US list of countries that are a potential hub for money laundering, saying it was only natural to be included given its recent efforts to conform to international standards.

• Friday, March 9th 2012 - 06:19 UTC

  Argentine government and YPF clash over the company’s dividends policy

  

  The relationship between the Argentine Government and the Spanish Repsol-YPF oil company continues to strain in spite of recent announcements and contacts to try and cool the situation.

• Friday, March 9th 2012 - 03:17 UTC

  Euro zone growth forecasted to shrink by 0.5% this year, says Dragui

  

  The European Central Bank downed its Euro zone growth forecast after holding interest rates at record lows on Thursday, and said things would have been much worse without its dramatic action to pump a trillion Euros into the banking system.