Economy

• Saturday, December 22nd 2012 - 22:22 UTC

  Preaching resentment and confrontation led to extended rioting in Argentina, says leading political analyst

  

  Argentina has lost its limits and references, and this was dramatically expressed these last few days says Joaquin Morales Solá, one of the country’s most respected political analysts, when the looting and rioting extended from Resistencia to the north next to Paraguay, to Bariloche in Patagonia.

• Friday, December 21st 2012 - 22:39 UTC

  Looting extends in Argentina: two people shot dead, dozens injured in clashes with police

  

  A rash of looting and ransacking of supermarkets in Argentine major cities and several provinces left two people killed, dozens injured and hundreds arrested. The looting and vandalizing of supermarkets began in the Patagonian resort of Bariloche on Thursday and seemingly triggered a knock-on effect across different provinces, as similar incidents began to arise in Buenos Aires, Santa Fe, Entre Ríos and Chaco provinces.

• Friday, December 21st 2012 - 00:18 UTC

  Brazil’s central bank forecasts modest inflation next year and stable interest rate

  

  Brazil's central bank in its latest quarterly inflation report published Thursday, pointed to a modest decline in consumer inflation next year but largely underscoring expectations that its interest rate will remain stable.

• Thursday, December 20th 2012 - 20:39 UTC

  Good news from the World Bank: China expected to bounce back next year

  

  The World Bank has raised its growth forecast for China, saying stimulus measures and approval of infrastructure projects will help boost growth. It added that the pick-up in factory output and investment “suggested that China's economy was bottoming out”.

• Thursday, December 20th 2012 - 20:16 UTC

  ICE buys NYSE Euronext propelling the commodities player

  

  Intercontinental-Exchange agreed an 8 billion dollars deal to buy New York Stock Exchange owner NYSE Euronext, propelling the commodities player into the big league of European derivatives and helping it to take on arch rival CME Group.

• Thursday, December 20th 2012 - 06:19 UTC

  “Madame President: pls address inflation and rampant crime” demands Argentine organized labour

  

  Argentine dissident organized labour concentrated at the emblematic Plaza de Mayo and claimed the government of Cristina Fernandez was applying IMF recipes by halting wage hikes for workers and called on the Lady to address inflation and rampant crime.

• Wednesday, December 19th 2012 - 23:10 UTC

  ARA Libertad is in the high seas; great reception in Mar del Plata on 9 January

  

  The Argentine Navy flagship ARA Libertad set sail for Mar del Plata on Wednesday four days after a UN court ordered its release from the Tema port in Accra, Ghana, following a 77 day embargo (since 2 October) due to a claim by vulture fund NML Capital.

• Wednesday, December 19th 2012 - 20:45 UTC

  Chevron/YPF sign pilot accord to drill 100 wells in Vaca Muerta shale deposits

  

  US Chevron and Argentina’s nationalized YPF signed a partnership to on Wednesday to invest 1 billion dollars to develop the shale-oil reserves of Vaca Muerta in the hydrocarbons rich Patagonian province of Neuquén.

• Wednesday, December 19th 2012 - 20:37 UTC

  Falklands owned new wind farm to supply Mount Pleasant Complex

  

  The Falkland Islands Government Chief Executive, Keith Padgett, Commander British Forces, Brigadier Bill Aldridge and Paul Wilson from the Defence Infrastructure Organisation have signed a Memorandum Of Understanding (MOU) for the construction of a new wind farm at Mare Harbour.

• Wednesday, December 19th 2012 - 20:25 UTC

  UBS fined in US, UK and Switzerland for manipulating the Libor rate

  

  Swiss banking giant UBS has agreed to pay 1.5bn dollars to US, UK and Swiss regulators for attempting to manipulate the Libor inter-bank lending rate. It becomes the second major bank to be fined over Libor after Barclays was ordered to pay 450m to UK and US authorities in the summer.