Economy

Thursday, March 21st 2013 - 06:21 UTC
Argentina ratifies trade policy before WTO, which questioned inflation stats

Argentina ratified its controversial trade policy during the periodic country review at the World Trade Organization, WTO, arguing Argentina has grown sustainedly since 2003, as have social indexes supported by the strong and successful re-industrialization program.
Thursday, March 21st 2013 - 06:14 UTC
Urgent meeting of Argentine economic team as US dollar jumps 10% to 8.75 Pesos

President Cristina Fernandez called an urgent meeting on Wednesday evening of her economic team following a day of hectic trading in the currency exchange market which had the US dollar climb to 8.75 Pesos in the parallel market, expanding the gap with the official rate to almost 70%.
Thursday, March 21st 2013 - 02:28 UTC
Cruise vessel calls increased 9.3% so far this season in Uruguay

The number of cruise-vessel calls in Uruguayan ports has increased 9.3% so far in this 2012/13 season with an influx of 20 million dollars for the local economy revealed Deputy minister of Tourism Antonio Carambula during a primary evaluation of business vis-à-vis the 2011/12 results.
Thursday, March 21st 2013 - 02:22 UTC
South America again attracting migrants looking for jobs and residence

South American countries, as in other times are again attracting migrants looking for work and a place to live, according to a report from the International Organization for Migration, IOM, which states that the US and Canada continue to lead immigrant preferences in the Americas but interest has started to drop.
Wednesday, March 20th 2013 - 23:40 UTC
Argentines expect inflation to reach 33.5% in the next twelve months

Argentines expect inflation to reach 33.5% in the next twelve months, according to the latest report from the Finance Research Centre, CIF, which belongs to the Torcuato Di Tella University. This is half a percentage point higher than the previous release.
Wednesday, March 20th 2013 - 23:29 UTC
UN aviation and tourism agencies pledge to coordinate efforts to facilitate travel

The International Civil Aviation Organization (ICAO) and UN World Tourism Organization (UNWTO) signed a special Joint Statement on Aviation and Tourism acknowledging the intention of the two UN agencies to begin cooperating more closely on issues of common priority.
Wednesday, March 20th 2013 - 08:29 UTC
Suspended potash project top officials left Argentina following union threats

Top officials from the Brazilian mining company Vale which suspended a 6 billion dollars potash development project in Argentina left the country for Sao Paulo last Friday following “on instructions from the security department” of the corporation, according to reports in the Brazilian press.
Wednesday, March 20th 2013 - 08:26 UTC
Mining and construction boom fuelled Chilean economy in 2012, growing 5.6%

Chile’s GDP expanded 5.6% in 2012 as a boom in the mining and real estate industries demand boosted investment and sparked an increase in consumer spending. The economy grew 5.7% in the fourth quarter from 2011, the central bank said in a report on its website.
Wednesday, March 20th 2013 - 08:22 UTC
FAO first wheat forecasts for 2013 anticipates second largest crop on record

First forecasts for the 2013 wheat harvest point to production increasing to 690 million tons, 4.3% up on 2012. This would be the second largest crop on record, according to the latest issue of FAO quarterly “Crop Prospects and Food Situation” report. The production hike is expected mostly in Europe, driven by increased plantings in response to high prices and a recovery in yields in some countries, notably the Russian Federation.
Wednesday, March 20th 2013 - 08:00 UTC
Germany warns Cyprus ‘banks might never reopen’ if terms of bailout are rejected

Germany's finance minister has warned Cyprus that its crisis-stricken banks may never be able to reopen if it rejects the terms of a bailout. Wolfgang Schaeuble said major Cypriot banks were “insolvent if there are no emergency funds”.