Economy

Wednesday, September 17th 2014 - 01:11 UTC
Argentina warns US acting ambassador on 'default' statements and 'deplores lack of support'

United States interim ambassador to Argentina Kevin Sullivan was summoned to foreign minister Hector Timerman's office and was informed of ”the profound and firm rejection of the Argentine government to the US diplomat’s inappropriate statements”, according to the statement from the ministry made public on Tuesday.
Tuesday, September 16th 2014 - 05:57 UTC
VisitBritain: UK to refund cost of visa for Chinese tourists in organized groups

British Chancellor George Osborne has announced plans to refund the cost of up to 25,000 visas for Chinese tourists in an attempt to attract more visits to the UK. It was one of a series of measures announced at an economic summit in London, attended by Chinese vice premier Ma Kai.
Tuesday, September 16th 2014 - 05:50 UTC
HSBC reached 550m agreement with US banking regulators

HSBC Holdings will pay 550 million dollars to resolve a US regulator's claims that the British bank made false representations in selling mortgage bonds to the federal mortgage companies Fannie Mae and Freddie Mac before the financial crisis.
Tuesday, September 16th 2014 - 05:36 UTC
Argentine seafood exports up 3.9% in value and 3% in volume in first half of 2014

In the first half of this year, Argentina seafood exports totaled 778.8 million dollars with a slight increase of 30 million dollars, and 3.9% over the same period of 2013 (749.6 million), reported the Directorate of Fisheries Economics from the Fisheries and Aquaculture Under Secretariat.
Tuesday, September 16th 2014 - 05:28 UTC
Mercosur/Pacific Alliance foreign ministers plan to meet in Chile in November

Foreign affairs ministers from Mercosur and the Pacific Alliance will be meeting next 24 November in Santiago de Chile to explore a possible integration between the two blocks according to Paraguay's foreign minister Eladio Loizaga.
Tuesday, September 16th 2014 - 05:25 UTC
Uruguay's economy expands 3.7% during the second quarter over a year ago

Confirming ten years of sustained expansion the Uruguayan economy advanced 2% in the second quarter over the first quarter and 3.7% over the same period a year ago, according to the latest reports from the Central bank.
Tuesday, September 16th 2014 - 05:20 UTC
Santander new chairwoman confirms full control of the Brazil branch

Spanish banking giant Santander under its new executive chairperson Ana Botin announced on Monday the purchase of the remaining 25% of Banco Santander Brasil which it did not already own.
Tuesday, September 16th 2014 - 02:42 UTC
US insists with Argentina it does not support the UN sovereign debt debate

As Argentine President Cristina Fernandez readies for her annual trip to New York to speak at the United Nations General Assembly, US interim ambassador in Buenos Aires Kevin Sullivan ratified that Washington will not back the UN sovereign debt resolution sparked by Argentina’s legal battle with its holdout creditors.
Monday, September 15th 2014 - 05:11 UTC
Gas prices must increase to sustain strong investment levels, says YPF Galuccio

Argentina's YPF oil and gas state corporation CEO Miguel Galuccio pointed out that the increase in gas prices is needed in order to sustain “strong investment levels” for the company and revealed that the cost of drilling a well in the country's massive oil field in Vaca Muerta has fallen below 7 million dollars.
Monday, September 15th 2014 - 04:07 UTC
Spanish Judge Garzon praises Argentina's sovereign payment bill and UN resolution

Former Spanish Judge and Human Rights activist Baltasar Garzon praised the Sovereign Payment law approved by Argentina’s Congress last week and described the United Nation’s resolution for the creation of a multilateral legal framework for sovereign debt restructuring process as “essential.”