Economy

• Thursday, February 9th 2012 - 07:40 UTC

  Argentine ‘Congress index’ shows January inflation reached 1.9%

  

  Argentine congress members announced on Wednesday that the inflation index for January based on an average of private sector estimates reached 1.9%, similar to the previous month of December.

• Thursday, February 9th 2012 - 07:37 UTC

  Argentina has the (Central bank) cash to take over YPF, says Barclays Capital

  

  Argentina has the cash reserves to make a tender offer for Repsol-YPF SA local unit, the country’s largest energy company, and will likely put further pressure on the industry to boost output, has stated Barclays Capital.

• Wednesday, February 8th 2012 - 22:03 UTC

  Why you can’t find a Big Mac on Argentina’s Mc Donald’s menu?

  

  Argentina’s booming economy has been one of the few bright lights in an otherwise gloomy global financial picture the last few years. But inflation of up to 25% threatens that growth. It's one of the world’s highest inflation rates, reports the US public funded Public Radio International.

• Wednesday, February 8th 2012 - 06:21 UTC

  Uruguayan cabinet divided over how to address Argentine trade restrictions

  

  The latest round of imports’ restrictions imposed by the government of President Cristina Fernandez and how to address them have triggered a serious debate inside the ministerial cabinet of Uruguayan president Jose Mujica.

• Wednesday, February 8th 2012 - 06:17 UTC

  Argentina and Brazil want corporations to reinvest and not send profits overseas

  

  President Cristina Fernandez hopes to convince Brazil to join Argentina in its campaign against the multinational corporations in an effort to balance trade balances in the midst of the global crisis spurred by the Euro crisis, China’s slow reaction and the US economy which still has to recover from the full impact of the 2008/09 recession.

• Tuesday, February 7th 2012 - 06:15 UTC

  Argentina/Brazil admit ‘good understanding’ in round of trade talks to lift restrictions

  

  The meeting between Argentine and Brazilian officials to discuss the new trade legislation implemented by the government of President Cristina Fernandez ended in a “good understanding”, said participants of the Monday meeting.

• Tuesday, February 7th 2012 - 06:09 UTC

  China growth could drop by half in 2012 because of the Euro crisis warns IMF

  

  Economic growth in China could drop by half this year in the event of a sharp recession in Europe, the IMF predicted on Monday in a report that underscored the importance of global trade to the world's second largest economy.

• Tuesday, February 7th 2012 - 05:49 UTC

  EU and Mercosur hope they can reach a trade agreement by the end of 2012

  

  The European Union and Mercosur are hopeful they can reach a trade agreement before the end of the year said the EU High Representative for Foreign Affairs and Security Policy, Catherine Ashton during her visit to Brazil.

• Monday, February 6th 2012 - 19:45 UTC

  Brazil privatizes concessions of the country’s three busiest air terminals

  

  Brazil awarded on Monday contracts for private companies to expand and operate terminals at three of the country's busiest airports, hoping concessions worth 24.5 billion Reais (14.21bn dollars) will improve the cramped and delay-plagued facilities amid soaring demand for air travel and preparations for the 2014 World Cup and 2016 Olympics.

• Monday, February 6th 2012 - 07:16 UTC

  Uruguayan president downplays the impact of Argentine imports’ restrictions

  

  The new trade barriers enforced by the Argentine government are “insignificant, nothing to worry about,” Uruguayan president José Mujíca said to a Montevideo newspaper insisting that the best path is ‘dialogue’ dismounting each obstacle ‘step by step’.