Mercosur

• Tuesday, August 30th 2011 - 03:55 UTC

  CFK instructions for the day after: public spending cap of 20% for 2012 budget

  

  Argentina's 2012 budget bill aims to cap public spending growth at 20%, below current rates of more than 35%, as state expenditure surges ahead of the October presidential election, according to a newspaper report on Monday.

• Tuesday, August 30th 2011 - 03:54 UTC

  Argentina regulator to investigate YPF and Repsol YPF on accounting standards

  

  Argentina’s securities regulator said it will investigate the chairman and chief executive officer of YPF SA, the nation’s largest oil producer, as part of a probe into the company’s accounting.

• Tuesday, August 30th 2011 - 03:53 UTC

  Uruguay plan to regularize 676 shanty towns (200.000 people), most in Montevideo

  

  Uruguay announced it will invest 150 million dollars for the eradication of shanty towns, 90% of which are located in Montevideo, half of them in contaminated and flood-prone areas.

• Tuesday, August 30th 2011 - 03:50 UTC

  Landslide victory for CFK close ally in the province of Tucuman

  

  A close ally of President Cristina Fernandez de Kirchner, Tucuman province governor Jose Alperovich won on Sunday a landslide third straight mandate and his first words were of gratitude and remembrance for Nestor Kirchner.

• Tuesday, August 30th 2011 - 03:49 UTC

  Buenos Aires City mayor admits CFK is ‘almost unbeatable’; looks for better relations

  

  Buenos Aires City Mayor, Mauricio Macri, admitted on Monday that it is “almost impossible” to beat President Cristina Fernández de Kirchner in October’s presidential elections.

• Tuesday, August 30th 2011 - 03:44 UTC

  Chilean judge investigating Carabineros over killing of student

  

  An officer from Chile’s gendarmerie-police, Carabineros was asked to resign Monday after admitting to using his firearm in the Macul borough of Santiago near where 16-year-old Manuel Gutiérrez Reinoso was shot and killed Thursday night.

• Tuesday, August 30th 2011 - 03:42 UTC

  Business leaders and organized labour ignore Argentina’s official inflation index

  

  Following the agreement which raised the Argentine minimum wage by 25%, equivalent to 549 dollars per month, business leaders and representatives from the labour unions admitted that when it comes to salaries negotiations the official inflation index from the government statistics office, Indec, “is not taken into account”.

• Tuesday, August 30th 2011 - 03:39 UTC

  Argentina expects another car production record next year: a million units

  

  The Argentine automobile industry will expand its production capacity to a million units annually by 2012 following on the expected record production of 840.000 this year boosted by domestic demand and exports to brazil, said Anibal Borderes president of the country’s Automobile Manufacturers Association, Adefa.

• Monday, August 29th 2011 - 08:34 UTC

  Brazil loosing industry to Mercosur members with cheaper costs and lower taxes

  

  Brazilian business and manufacturing leaders are demanding a “fiscal harmonization” of the Mercosur block since other full members are attracting a growing number of Brazilian companies to those countries lured by cheap energy and qualified labour.

• Friday, August 26th 2011 - 03:26 UTC

  “Chavez’ Venezuela has no chance of joining Mercosur” says Paraguay Congress

  

  Paraguay’s vote in support of Venezuela’s full integration to Mercosur seems more distant than ever as was confirmed by the country’s Senate Foreign Relations committee to Brazilian ambassador Eduardo Dos Santos.