Economy

Monday, July 15th 2013 - 16:22 UTC
Uruguay files in SEC plans to sell up to 5 billion dollars in securities

Uruguay filed a shelf registration with the US Securities and Exchange committee to sell up to 5 billion in US denominated securities. Economy minister Fernando Lorenzo said the filing will allow the government to issue debt when it is convenient for the country and market conditions are favourable.
Sunday, July 14th 2013 - 23:53 UTC
Argentina litigation with hedge funds; ‘US could end siding with Buenos Aires’ says Washington Post

The United States Justice, Treasure and State Department officials met on Friday with lawyers both from Argentina and hedge funds that refused to accept the administrations of presidents Nestor Kirchner and Cristina Fernandez debt swaps, The Washington Post reported on Saturday.
Sunday, July 14th 2013 - 23:46 UTC
Where’s my pizza complain Argentines short of tomato and flour?

Argentines have been asked to eat fewer tomatoes. The government called on consumers on Friday to try to stay away from the beloved food for at least two months because of an expected shortage caused by seasonal reasons including crop rotations.
Sunday, July 14th 2013 - 11:05 UTC
Falklands growing meat industry exposed to international market volatility

Falkland Islands meat industry is suffering the pains of growth and of international markets’ volatility, according to the latest number of sheep and cattle processed in the EU licensed local Sand Bay abattoir. However the quality and quantity of lambs produced continues to advance.
Saturday, July 13th 2013 - 13:55 UTC
UK confirms policy of no support for World Bank and IADB loans to Argentina

UK Secretary of State for International Development, Justine Greening has confirmed that due to recent actions by the Argentine government she is no longer confident that further investments in Argentina would be consistent with the objectives she laid out in February this year, in an answer to a House of Commons Written Parliamentary Question.
Friday, July 12th 2013 - 22:19 UTC
US Airways shareholders approve merger with American Airlines

US Airways shareholders voted to approve the carrier's merger with American Airlines' parent company, AMR Corp. on Friday morning. The formal part of the shareholder meeting in New York lasted about 15 minutes.
Friday, July 12th 2013 - 22:05 UTC
German courts reject petition from hedge fund holders of Argentine debt

German courts have rejected a petition from bondholders related to the Argentine debt 'default', using a similar interpretation based in the 'pari passu' clause that hedge funds pursued in New York which was accepted by Judge Thomas Griesa.
Friday, July 12th 2013 - 20:41 UTC
EU bio-diesel tariffs and China’s policy change threaten Argentina’s soy-oil industry

The export price of Argentine soy-oil has plummeted 21% so far this year, due to new European bio-diesel tariffs and China’s change of policy, putting one of the country's key industries at risk. Argentina is the world's top exporter of soy-oil, which is used to make bio-diesel.
Friday, July 12th 2013 - 19:22 UTC
Rousseff bites back to protests: highway-blocking banned and organizers will be fined

Brazilian president Dilma Rousseff reacted swiftly to the latest national stoppage saying that her government will not tolerate protests blocking highways or streets and with the Ministry of Justice will draft rules to fine those organizations responsible for such actions.
Friday, July 12th 2013 - 08:16 UTC
Mercosur will lift Paraguay’s suspension next August 15, announced Uruguay

This coming August 15, Mercosur will lift the suspension on Paraguay's participations that has held since June 29 2012, Uruguay Minister Luis Almagro announced on Thursday during a meeting of the group’s foreign ministers in Montevideo.