Economy

• Monday, December 17th 2012 - 06:23 UTC

  HSBC Argentina also fined for failing to report suspicious transactions

  

  Argentina slapped a 30 million Peso (6 million dollars) fine on a local subsidiary of global banking giant HSBC for failing to report suspicious transactions, authorities here said Sunday.

• Monday, December 17th 2012 - 06:20 UTC

  China quarantines Argentine corn because of unapproved genetically modified strains

  

  Chinese authorities quarantined two containers holding corn from Argentina, after detecting genetically modified strains that had not been approved beforehand, alleged the Chinese buyer.

• Monday, December 17th 2012 - 06:03 UTC

  Talvi says Uruguayan government reacts with ‘authoritarian ticks” to criticism

  

  The head of an economics think-tank said that the Uruguayan government reactions to his criticisms of the management of the country’s economy are a kind of “authoritarian tick” which pretends to censor all those who do not share the “official truths”.

• Saturday, December 15th 2012 - 21:06 UTC

  Argentina pays GDP-linked bonds; Central bank reserves fall to lowest since 2007

  

  Argentina made payments of over 3.5 billion dollars on Friday in GDP-linked bonds which refer to the 2005 and 2010 rescheduling agreed with creditors who originally held 2001/02 defaulted sovereign bonds. At the same bank the Central bank revealed that international reserves have fallen to its lowest since 2007.

• Saturday, December 15th 2012 - 21:04 UTC

  GeoPark drills new successful oil well in Colombia

  

  GeoPark Holdings Limited announced the successful drilling, testing and putting into production of a new oil well in the Tua oil field on the Llanos 34 Block in Colombia. GeoPark that also has drilled for oil in southern Chile and Argentina operates and has a 45% working interest in the Llanos 34 Block.

• Saturday, December 15th 2012 - 20:59 UTC

  Petrobras selling its assets in Argentina; YPF one of the interested companies

  

  Brazil's state-run oil company Petrobras is putting its Argentine assets up for sale and will start accepting bids from interested buyers as early as this week, Buenos Aires newspaper La Nacion reported Friday.

• Saturday, December 15th 2012 - 06:33 UTC

  Argentina’s official November inflation 0.9%; half the 1.81% congressional index

  

  Argentina's official inflation was 0.9% in November, rising slightly from October's 0.8% rate, the government stats office Indec said on Friday.

• Saturday, December 15th 2012 - 06:31 UTC

  Mexico ready to drop WTO complaint after reaching auto accord with Argentina

  

  Mexico said it would drop a complaint over import curbs against Argentina before the World Trade Organization after the two countries signed a more limited automobile trade pact.

• Saturday, December 15th 2012 - 06:29 UTC

  “Doctors of the World” claims there are 16.000 living in the streets of Buenos Aires

  

  There are over 16.000 homeless living in the streets of Buenos Aires with great difficulties to access public health services according to the ‘Health in the streets’ report from ‘Doctors of the world’ and which was released Friday in the Argentine capital.

• Saturday, December 15th 2012 - 06:15 UTC

  “Support linked to competitiveness” Merkel tells the EU members

  

  European leaders agreed on Friday to press on with further steps to tackle their debt crisis but German Chancellor Angela Merkel threw out a proposal to boost risk-sharing with a fund to help Euro zone states in trouble.