Economy

• Saturday, July 7th 2012 - 00:35 UTC

  Argentine central bank announces “pesification” of real estate operations

  

  Following the official new curbs on US dollar purchasing for savers, the head of the Argentine Central Bank Mercedes Marcó del Pont came on stage to defend the measure and anticipate that operations in the real estate market will have to be done in Argentine Pesos.

• Friday, July 6th 2012 - 15:59 UTC

  Falklands’ farms helped with wool prices rapidly moving to wind energy

  

  Electricity generated from wind is spreading across the Falkland Islands with two large farms Goose Green and Fitzroy preparing to be the next to have turbines, inverters and batteries installed.

• Friday, July 6th 2012 - 15:38 UTC

  EU prepared for talks with an expanded Mercosur that includes Venezuela

  

  The European Commission has said it will continue negotiations on an association agreement with Mercosur even if Venezuela finally becomes a full member of the group and will address the issue on a “region to region” basis.

• Friday, July 6th 2012 - 15:15 UTC

  MPs call for UK to vote against World Bank loans to Argentina to counter Falklands’ aggression

  

  Twenty nine British MPs have called for Britain to vote against Argentina receiving any more money from the World Bank. The group signed an early day motion in Parliament that was put forward by Conservative MP for Romford, Andrew Rosindell, who had previously visited the Falklands.

• Friday, July 6th 2012 - 07:32 UTC

  Mexican president elect Peña Nieto wants a strategic alliance with Brazil

  

  Mexican president-elect Enrique Peña Nieto said in an interview that his administration will step up efforts in South America to repair the country’s image, including seeking a strategic alliance with Brazil.

• Friday, July 6th 2012 - 07:16 UTC

  US trade complaint at WTO against China for imposing duties on car exports

  

  United States launched a trade complaint Thursday against China at the World Trade Organization, accusing Beijing of unfairly imposing duties on more than 3 billion dollars in exports of US-manufactured automobiles.

• Friday, July 6th 2012 - 07:11 UTC

  Mexico follows on Argentina and withdraws from zero-tariff accord for auto industry

  

  Mexico has withdrawn a zero-tariff agreement with Argentina on autos in a tit-for-tat trade dispute after the Argentine government's decision to pull out of an auto trade pact between the two countries.

• Friday, July 6th 2012 - 07:04 UTC

  Auto industry production in Argentina continued to slow down in June

  

  Argentine automobile production fell 12% in June from the previous month and plunged 34.4% from a year earlier, according to an industry trade group. The auto industry produced 52,983 vehicles in June compared with 60,206 units in the previous month and 80,795 a year earlier.

• Friday, July 6th 2012 - 06:39 UTC

  Uruguay’s flag carrier Pluna “indefinitely grounded” and most staff redundant

  

  Uruguay’s flagship carrier Pluna said on Thursday that is was “suspending all flights indefinitely” and announced that 720 of the 900 staff would be sent on unemployment pay until a new associate for the company is found or the airline is definitively sold.

• Friday, July 6th 2012 - 01:55 UTC

  FAO food price index down in June but rebound anticipated for July

  

  FAO Food Price Index fell for the third consecutive month in June 2012, dipping 1.8% from May to its lowest level since September 2010. The four-point drop in June brought the index to 201 points from a revised level of 205 points in May 2012.