Economy

• Saturday, September 13th 2014 - 06:57 UTC

  Argentina with two August inflation measures: the official Indec, 1,3% and the congressional rate, 2.65%

  

  Argentina has two consumer prices indexes, and they differ considerably. In effect during August the so called congressional index doubled the official rate: the National Urban Consumer Price (IPCNU) released by the stats office Indec, in the eighth month of the year was 1,3%, which means inflation in the first eight months stands at 18,2%.

• Saturday, September 13th 2014 - 06:44 UTC

  Argentina guarantees car makers sufficient dollars to meet production target

  

  Car makers in Argentina have sufficient dollars to meet production and sales targets, the government said Friday, a day after General Motors Co announced it had suspended exports from Brazil to its Argentine unit due to a hard currency shortage.

• Friday, September 12th 2014 - 06:55 UTC

  With the new bill “Argentina wants to pay, can pay and will pay all contracted debts”

  

  Argentine President Cristina Fernández signed into law the Sovereign Debt bill, which changes the payment location of Argentine bondholders and which was approved by Congress early Thursday morning after 18 hours of debate.

• Friday, September 12th 2014 - 06:28 UTC

  Argentina's situation “will not develop into a regional financial crisis”, says UNCTAD

  

  United Nations Conference on Trade and Development (UNCTAD) said that while Argentina was facing potential financial instability, its solvency and the sound macroeconomic fundamentals in other countries of the region “should prevent the shock from developing into a regional financial crisis.”

• Friday, September 12th 2014 - 06:12 UTC

  Argentine organized labor leader forecasts a “social explosion” next December

  

  Argentina is heading towards social outbreak due to soaring inflation, head of the anti-government CGT Azul y Blanca labor confederation Luis Barrionuevo said in statements that have already sparked controversy.

• Friday, September 12th 2014 - 04:37 UTC

  IMF warns about the negative reactions from markets if Scotland becomes independent

  

  Scotland’s possible secession from the United Kingdom as a result of the upcoming referendum could cause negative market reactions in the short-term, William Murray, Deputy Spokesman at International Monetary Fund (IMF), told reporters Thursday.

• Friday, September 12th 2014 - 03:37 UTC

  Emilio Botin, “El presidente” and the 'unofficial king of Spain'

  

  Emilio Botin, “El Presidente” to co-workers and the third generation of Botins to run Santander, was at the forefront of a drive to create global banks, offering a one-stop shop to multinational companies and a range of services to consumers.

• Friday, September 12th 2014 - 01:39 UTC

  Singapore Olam will invest 80m in dairy processing facility in Uruguay

  

  Singapore based Olam International's wholly-owned subsidiary New Zealand Farming Systems Uruguay will be investing 80 million dollars to establish a new dairy processing facility in Uruguay.

• Thursday, September 11th 2014 - 15:53 UTC

  Key economic responsibilities to France and UK in EU new executive team

  

  The incoming head of the European Commission, Jean-Claude Juncker, unveiled an EU executive team on Wednesday that handed key economic responsibilities to French and British commissioners but overseen by others in a new-look hierarchy.

• Thursday, September 11th 2014 - 15:46 UTC

  Ana Botin appointed new chairwoman of Spanish banking giant Santander

  

  Ana Botin has been appointed the new chairwoman of the Spanish banking giant Santander, following the death of her father, Emilio Botin, who died of a heart attack on Tuesday night.