Investments

• Tuesday, August 21st 2012 - 02:56 UTC

  Argentina hosted 5.7m tourists in 2011; iconic names play a significant role

  

  Argentina has become the most visited country in South America with arrivals in 2011 reaching almost six million tourists, said Leonardo Boto head of the country’s National Tourism Promotion Institute, Improtur.

• Tuesday, August 21st 2012 - 02:25 UTC

  US Court rejects Argentina sovereign immunity argument; banks must show documents

  

  Argentina lost a bid on Monday to prevent bondholders from obtaining documents from two banks about the country's assets outside the United States. A three judge panel of the 2nd US Circuit Court of Appeals in New York said in an opinion that the Argentine government could not prevent a lower court's order forcing the banks to produce the documents.

• Tuesday, August 21st 2012 - 01:57 UTC

  Re-re-election of Cristina Fernandez fully integrated to the political agenda of Argentina

  

  Several groups allied to Argentine president Cristina Fernandez are actively promoting a constitutional review that would allow re-election for a third consecutive four year mandate. The last Argentine constitutional review was in 1994 when the four-year mandate was introduced with the possibility of an only immediate re-election, thus modifying the six year mandate but with no re-election.

• Monday, August 20th 2012 - 21:14 UTC

  Insufficient harvests and soaring prices anticipate another world food crisis

  

  With droughts parching farms in the United States and near the Black Sea, weak monsoon rains in India and persistent hunger in Africa's Sahel region, the world could be headed towards another food crisis, experts say.

• Monday, August 20th 2012 - 20:55 UTC

  Falklands appoint landscape impact assessment consultant for new harbour development

  

  The Falkland Islands government has appointed Macclesfield based consultancy Tyler Grange to undertake a landscape and visual impact assessment for a new harbour development near the capital Stanley.

• Monday, August 20th 2012 - 20:45 UTC

  Falklands improves livestock haulage to ensure steady supply to meat plant

  

  Falkland Islands livestock haulage should become easier in the forthcoming season with the introduction of suitable sized crates and equipment for both East and West Falkland, reports the Penguin News.

• Thursday, August 16th 2012 - 02:26 UTC

  Mujica working for more trade agreements and a Mercosur with ‘flexibility’

  

  Uruguay needs “new markets and new partners” and must try to diversify trade with the largest possible number of agreements to make Mercosur more flexible and anticipate the current process in Argentina, said President Jose Mujica.

• Thursday, August 16th 2012 - 01:38 UTC

  Brazil invites private sector to invest in new highways and railways plan

  

  Brazil's government unveiled on Wednesday measures to lure up to 133 billion Reais (66 billion dollars) in private investment for new roads and railways needed to unclog the country's transportation bottlenecks.

• Wednesday, August 15th 2012 - 23:50 UTC

  Uruguay discourages short-term capital inflow to ensure macroeconomic stability

  

  Uruguay's central bank unveiled measures on Wednesday aimed at cooling the local Peso's appreciation by discouraging foreign investment in the bank's short-term debt. To combat the Peso's rise, officials ordered that 40% of new foreign capital invested in central bank bills be frozen in an account at the central bank.

• Tuesday, August 14th 2012 - 08:27 UTC

  LATAM airlines planning a 359 strong fleet by 2014

  

  Chile's newly merged regional carrier LATAM Airlines said on Monday it would spend 7.87 billion dollars on its fleet through 2014. The airline aims to have a 359-strong fleet by 2014, up from the 319 planes projected for this year.