Economy

• Friday, May 16th 2014 - 10:06 UTC

  Argentina's April inflation for the Congressional index reached 2.8%

  

  Argentina's inflation congressional index marked 2.8% in April, or 15.78% in the first four months of the year and 39% in the last twelve. These percentages contrast with the official data from the Indec stats office which earlier this week said the April CPI was 1.8%.

• Friday, May 16th 2014 - 09:37 UTC

  YPF wants to create a G10 of Latin American state oil companies CEO's

  

  Argentina's YPF CEO Miguel Galuccio proposed on Thursday in Bolivia a G10 of Latin American state owned oil corporations to strengthen their bargaining power based on their resources and development synergy.

• Friday, May 16th 2014 - 09:25 UTC

  YPF defends Chevron partnership; court orders investigation into accord with the US oil giant

  

  Argentine state-controlled oil company YPF on Thursday defended the partnership deal it reached with one of the world's largest energy corporations, Chevron Corp., two days after a court ordered a probe into alleged irregularities associated with the pact.

• Thursday, May 15th 2014 - 07:14 UTC

  Consumer prices in Argentina decelerate, but controversy on how much persists

  

  The Argentine consumer-price index climbed 1.8% in April over March, which means that during the first four months of the year it reached 11.99%. The CPI announcement was made by Economy minister Axel Kicillof at a press conference on Wednesday. However private estimates and the Buenos Aires City index show greater percentages.

• Thursday, May 15th 2014 - 00:31 UTC

  Falklands drilling will resume in second quarter of 2015, announced Premier Oil

  

  Exploration drilling in the waters off the Falkland Islands will resume in the second quarter of next year, according to Premier Oil. Negotiations are currently underway with rig contractors and joint venture partners, the company said in its interim management statement which was approved as the annual general meeting.

• Thursday, May 15th 2014 - 00:22 UTC

  Brazil forecasts 3bn boost to the economy with 3.7 million World Cup visitors

  

  Brazil forecasts that the estimated 3.7 million people expected to visit during the World Cup, including Brazilian and foreign tourists, will boost the country's economy to the tune of 3.03bn. dollars.

• Wednesday, May 14th 2014 - 05:24 UTC

  Uruguay offers 'tremendous guarantees' and is a 'decent country' Mujica tells US investors

  

  Uruguay offers “tremendous guarantees” for investors and is “a decent country”, said President Jose Mujica on his second day visit to Washington where he addressed 120 business people at the US Chamber of Commerce during a Tuesday morning work-breakfast.

• Wednesday, May 14th 2014 - 05:19 UTC

  Mujica meets Kerry to implement support at technology and education levels

  

  President Jose Mujica addressing US Secretary of State John Kerry said that Uruguay has a significant deficit in technology and scientific education, and was hopeful that cooperation with the United States would help insisting that the goal is achieving equality and wealth distribution.

• Wednesday, May 14th 2014 - 00:24 UTC

  Cristina Fernandez ally union admits 18.8% (7 million) of Argentines are under the poverty line

  

  At least 7 million Argentines, or 18.8% of the population, currently find themselves under the poverty line, with 1.7 million (4.2%) classed as in extreme poverty or indigence, according to a new report from the Argentine Workers' Central (CTA) union headed by the Cristina Fernandez government ally Hugo Yasky.

• Tuesday, May 13th 2014 - 18:51 UTC

  IMF warns Latin America about changing times and calls for fiscal prudence

  

  The International Monetary Fund (IMF) has suggested that Argentina could benefit from cutting public spending destined for subsidies on energy costs, stating that such policies are “very costly and distort economic activity.”