Economy

Monday, August 13th 2012 - 05:58 UTC
Argentina again conditions contract to deep-dredge River Plate access canal

Foreign Minister Hector Timerman said that Argentina “is ready to sign” the deep dredging of the River Plane access canal Martin Garcia but warned that before doubts generated by Uruguay’s National Auditing Office regarding the performance of dredgers’ Riovía during the tender process, must be resolved.
Monday, August 13th 2012 - 05:11 UTC
Aid for US farmers stalled in Senate; proposal to reduce bio-fuel mix in gasoline

The US House of Representatives passed a 383 million dollars disaster relief bill that provides political shelter for lawmakers during the worst drought in half a century, but may not release the aid for months to come.
Saturday, August 11th 2012 - 11:45 UTC
Uruguay will continue with Mercosur but is also interested in the Pacific alliance

Uruguay will continue “to look after” Mercosur in spite of the strong diplomatic discrepancies with Argentina, but will also continue with an interest in participating in other trade blocks of the region, said President Jose Mujica.
Saturday, August 11th 2012 - 11:38 UTC
Peru will host leaders’ summit of Arab and South America countries in October

Peru will be hosting next October the III Summit of heads of state and government from South America and Arab nations which is expected to bring together 32 countries, according to Deputy Foreign Affairs minister Jose Beraún.
Saturday, August 11th 2012 - 11:26 UTC
“Two tough years” ahead for Uruguayan construction and real estate

The Uruguayan construction industry faces tough years ahead because of the international crisis and its effects on neighbouring Argentina, forecasted economist Jorge Caumont who is also an advisor of several real estate agents.
Saturday, August 11th 2012 - 11:17 UTC
US consumers face dearer pork, chicken and beef because of the drought

Pork and chicken will join beef on the menu of expensive meats as drought and US ethanol policy combine in a corn “disaster”, the head of the world’s largest pork producer has said.
Saturday, August 11th 2012 - 11:03 UTC
China only interested in commodities, not in products that reach supermarkets

Trade with China for Argentina has great opportunities but also great threats because the Asian giant is only interested in produce with no added value, warned the head of Argentina’s Industrial Union, Ignacio De Mendiguren.
Saturday, August 11th 2012 - 10:49 UTC
Argentina applies tax hike on bio-diesel exports and lowers price for local market

Argentina tightened its grip on the country's energy sector on Friday by ordering a tax hike on bio-diesel exports, a move it said was needed to make domestic fuel prices more affordable, but denied market rumours that it will increase a soybean export tax.
Saturday, August 11th 2012 - 10:45 UTC
Official (fantasy) inflation in Argentina 0.8% in July and 9.9% last 12 months

Official consumer inflation in Argentina reached 0.8% in July accumulating 9.9% in the last twelve months and 5.9% in the first seven months of the year, according to the Indec statistics bureau.
Saturday, August 11th 2012 - 10:36 UTC
Bad day for vulture fund that was after 100 million dollars from Congo

Britain’s Privy Council has ruled that a “vulture fund” cannot collect 100 million dollars from the Democratic Republic of Congo. Newsnight revealed last year that old Congo debts had been illegally sold to FG Hemisphere for 3 million and the fund had then sued in Jersey where they were awarded 100 million.