Economy

Saturday, February 16th 2013 - 20:39 UTC
Cristina Fernandez inflation index for January less than half private estimates

Official inflation in Argentina increased 1.1% in January compared to the previous month, Indec national statistics bureau reported on Friday. The hike in prices was led by transport as train and bus fares increased by 6.1%. The annualized rate jumped to 11.1%.
Saturday, February 16th 2013 - 20:34 UTC
Nationalized YPF in 2012 cut oil production decline and showed modest increase

Argentina’s nationalized oil and gas corporation YPF said oil output rose 2.5% last year, compared with an 8% decline in 2011 while natural gas output fell 2.3% on the year, versus an 11% decline in 2011. According to the statement YPF aims to boost oil production by 4% and gas output by 1.8% in 2013.
Friday, February 15th 2013 - 23:13 UTC
Financial Times: Argentina-Uruguay: too close for comfort?

By Jude Webber - On Thursday 14 February the prestigious Financial Times published a piece pointing out the influence of Argentina on Uruguay and its economy. The article is simple and straight and is valid because of the Financial Times unquestionable opinion building capacity, and thus merits reproduction.
Friday, February 15th 2013 - 18:56 UTC
Top UK trade and media birdwatchers aiming for Falkland Islands’ experience

The Falkland Islands Tourist Board (FITB) will be hosting some of the UK’s top bird watchers at the end of this month, on a trip led by Tim Appleton, cofounder and organiser of the prestigious British Birdwatching Fair.
Friday, February 15th 2013 - 05:40 UTC
Apple fighting to recover “iPhone” trademark registered in Brazil by local company

Apple Inc, which lost the rights to its iPhone trademark in Brazil this week, is challenging the ruling by Brazil's copyright regulator to prevent local firm Gradiente Eletronica SA from using the “iphone” brand name.
Friday, February 15th 2013 - 05:36 UTC
China became in 2012 the world’s biggest trading nation surpassing the US

China surpassed the US to become the world's biggest trading nation last year as measured by the sum of exports and imports of goods, a milestone in the Asian nation's challenge to the US dominance in global commerce.
Friday, February 15th 2013 - 05:34 UTC
Germany and France poor performance plunge Euro zone into recession

The Euro zone slipped deeper into recession in the last three months of 2012 after its largest economies, Germany and France, shrank markedly at the end of the year. It marked the bloc's first full year in which no quarter produced growth, extending back to 1995.
Friday, February 15th 2013 - 05:29 UTC
G-20 Finance ministers to discuss effects of monetary stimuli and currency values

The finance ministers of the G20 group of nations are meeting in Moscow amid concerns that major trading powers may be heading towards a currency war. Japan's monetary stance has seen a big decline in the Yen, while the Euro has risen against a basket of currencies.
Thursday, February 14th 2013 - 23:35 UTC
Fitch Ratings downgrades Argentina and Venezuela prospects for 2013

Fitch ratings has lowered Argentina, Venezuela and El Salvador credit and growth prospects to negative, while for the rest of Latinamerica the situation remains stable, according to a seminar in Frankfort, on “Latinamerica opportunities and challenges”.
Thursday, February 14th 2013 - 23:29 UTC
IMF praises Venezuelan devaluation, but LechugaVerde/Bolivar gap close to 300%

The International Monetary Fund, IMF, praised Venezuela for the recent devaluation of its currency saying it is a positive attempt to reduce macroeconomic misbalances but also called on the government of President Hugo Chavez to continue eliminating the exchange rate distortions.