Economy

• Wednesday, January 15th 2014 - 18:50 UTC

  Argentine annual inflation: 28.38%, according to the Congressional index

  

  Argentine annual inflation for 2013 was 28.38% after soaring 3.38% in the month of December alone, according to the Congressional consumer price index, which is a survey that takes the average of several consultancy firms.

• Wednesday, January 15th 2014 - 07:11 UTC

  New EPA rule requires chemical disclosure for offshore fracking

  

  By. Nick Cunningham of Oilprice.com - The U.S. Environmental Protection Agency published a rule on January 9, 2014 requiring oil and gas companies using hydraulic fracturing off the coast of California to disclose the chemicals they discharge into the ocean. Oil and gas companies have been fracking offshore California for perhaps as long as two decades, but they largely flew under the radar until recently.

• Wednesday, January 15th 2014 - 06:50 UTC

  Argentine case of possible money laundering with mutilated US dollar bills

  

  US federal agents who seized more than 4 million dollars in US banknotes shipped from a famous money exchange house in Buenos Aires, Alfredo Piano, uncovered what they claimed was a cache of dirty money. Piano, 82, said many of the 100 dollar-bills were filthy and others had been ravaged by fire, water and even dogs.

• Tuesday, January 14th 2014 - 23:54 UTC

  US congress negotiating spending bill to avoid another shutdown of government

  

  Negotiators in the US Congress unveiled a 1.1 trillion dollars spending bill that aims to prevent another government shutdown while boosting funding levels slightly for military and domestic programs - but not for “Obamacare” health reforms.

• Tuesday, January 14th 2014 - 18:34 UTC

  Falklands fisheries will come under attack from Argentina so as to 'strangle the Islands'' economy

  

  Argentina is preparing a battery of instruments to attack the Falklands fisheries and involved fishing companies with the purpose of 'strangling the economy' of the Islands thus forcing the UK to sit and dialogue on South Atlantic Islands sovereignty, according to a piece by La Nacion columnist Martín Dinatale.

• Tuesday, January 14th 2014 - 07:50 UTC

  China becomes the leading market for Uruguayan meat exports

  

  Uruguay's meat exports slid 6.5% in volume during 2013 compared to the previous year, but the big news is that China has become the main client for beef, followed by Nafta countries, (US, Canada and Mexico), according to the latest release from the country's National Meat Institute, INAC.

• Tuesday, January 14th 2014 - 07:32 UTC

  Mercosur and EU to exchange tariff reduction proposals in early February

  

  Paraguay's Foreign minister Eladio Loizaga said on Monday that at the latest in early February Mercosur and the European Union would be exchanging their tariff reduction proposals for the much delayed free trade agreement. The deadline originally was December but it was delayed on request from Brussels.

• Tuesday, January 14th 2014 - 00:08 UTC

  Bad years and non encouraging prospects for Uruguay fisheries exports

  

  Following on two years of poor performance and results, Uruguay's fishing industry is expected to face similar conditions in 2014, with ongoing labor disputes and tougher international markets particularly the European Union and Nigeria in Africa, which absorbed most of the country's hake, croaker and sea trout.

• Tuesday, January 14th 2014 - 00:00 UTC

  Foreign Office stretched “almost to the limit”, warns Parliament: “a more realistic approach needed”

  

  The Foreign Office is being stretched “almost to the limit” as it attempts to cut spending at a time of international turbulence while having to cope with additional demands such as the London Olympics, MPs have said.

• Monday, January 13th 2014 - 07:35 UTC

  A frustrated Mujica calls for a readjustment of Mercosur legal framework

  

  Uruguayan president José Mujica said that members of Mercosur must readjust the block's legal framework ‘to make it work’ so that differences among its partners can be resolved in an institutional framework. He insisted on a review and amendment of mechanisms with greater flexibility and more adapted to current circumstances.