Politics

• Friday, August 15th 2014 - 06:47 UTC

  New record for the US dollar in Argentina's 'blue market', 13.20 Pesos

  

  The US dollar in Argentine money markets continued its rising path on Thursday with a new record climb to close at 13.20 Pesos. This so-called “blue” dollar had jumped 20 cents to 13.15 pesos on Wednesday, breaking its 13.06 Pesos record from 23 January.

• Friday, August 15th 2014 - 06:44 UTC

  Argentine July inflation 2.47% and 39.71% in twelve months, according to Congress index

  

  July consumer prices index in Argentina according to the so called Congressional index, climbed 2,47% and 39.71% in the last twelve months. The same index marked 2.2% in June indicating a growing tendency.

• Friday, August 15th 2014 - 06:34 UTC

  Mujica, Latin America's most original leader according to The Economist

  

  Under the heading of “The sage of Montevideo”, The Economist visited the Uruguayan president at his farmhouse in the outskirts of Montevideo where they had a long chat.

• Friday, August 15th 2014 - 02:21 UTC

  Last minute decision saved Marina Silva from travelling with Campos

  

  Environmental activist and politician Marina Silva could have been on the plane that crashed on Wednesday and killed presidential candidate Eduardo Campos and six other occupants.

• Friday, August 15th 2014 - 02:15 UTC

  Unasur Montevideo summit planned for next week, suspended until October

  

  A planned presidential summit between the heads of state of the Union of South American Nations (Unasur) has been suspended due to scheduling conflicts amongst member countries, according to the Uruguayan Foreign Ministry.

• Thursday, August 14th 2014 - 14:48 UTC

  Glasgow shipyard awarded contract for Royal Navy's offshore patrol vessels

  

  The offshore patrol vessels (OPVs), which will be used by the Royal Navy to undertake various tasks in support of UK interests both at home and abroad, will be built at BAE Systems’ shipyards in Glasgow.

• Thursday, August 14th 2014 - 06:44 UTC

  Aurelius Capital confirms no deal with banks on Argentina's bonds

  

  Argentine holdout creditor Aurelius Capital Management has said that after talks with many financial institutions, the prospects for finding a private-settlement solution to the Argentine sovereign debt dispute had garnered no realistic proposals.

• Thursday, August 14th 2014 - 06:34 UTC

  Talks between global banks and Argentine creditor hedge fund “collapsed”

  

  Talks between a group of global banks and at least one major hedge fund about buying a portion of the fund's exposure to Argentine debt have collapsed, a person familiar with the matter told sources in Buenos Aires, amid concerns that the Argentine government has dug in to its refusal to pay certain creditors what they are owed and may not relent for months to come.

• Thursday, August 14th 2014 - 06:19 UTC

  Santiago's security chief fires following the record “embarrassing” robbery

  

  Chile has fired the security chief of the country's main airport after an “embarrassing” robbery of more than 10 million dollars at the cargo terminal. Defense Minister Jorge Burgos said a probe had been launched into how eight armed men had managed to steal the money from a security van at the airport in the capital, Santiago.

• Thursday, August 14th 2014 - 06:11 UTC

  Argentina: US dollar reaches a new record of 13.15 Pesos in Buenos Aires 'blue' market

  

  The US dollars climbed to a record 13.15 Pesos on the black or 'blue' market on Wednesday trading as fears mount regarding the outcome of the holdout bonds conflict with the New York court. The official dollar rate closed at 8.2750 Pesos.