Economy

• Thursday, February 9th 2012 - 20:30 UTC

  Euro zone rate left unchanged; all eyes set on how to save Greece from default

  

  The European Central Bank kept interest rates on hold on Thursday and altered its assessment of risks to the economic outlook as investors focus on the ECB possible role in helping Greece avoid default.

• Thursday, February 9th 2012 - 20:25 UTC

  Bank of England pumps an extra £ 50bn to boost the UK economy

  

  Bank of England has agreed to extend its quantitative easing (QE) program by £50bn to give a further boost to the UK economy. When completed, it will bring the total amount of QE stimulus to £325bn.

• Thursday, February 9th 2012 - 07:47 UTC

  Trade restrictions, main point of agenda when Cristina Fernandez visits Chile

  

  Santiago media reports increasing disappointment in the Chilean government and private sector with the latest batch of Argentine measures to restrict imports and want the issue ‘top of the agenda’ when President Cristina Fernandez visits Chile at the end of the month.

• Thursday, February 9th 2012 - 07:44 UTC

  Argentina limits daily financial transaction per person to 1.000 Pesos (230 dollars)

  

  Argentina limited the use of cash in the country’s financial markets as President Cristina Fernandez tightens oversight of currency transactions to help contain capital flight and prepare for what is anticipated a ‘difficult’ year for the Treasury and the Argentine 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.