Politics

• Wednesday, August 8th 2012 - 07:06 UTC

  Argentina complains involvement of Texas company in Falklands’ oil activities

  

  President Cristina Fernandez government expressed its deep disappointment directly to the State Department following the announcement that the Texan oil company Noble Energy would become involved in hydrocarbons activities in the Falkland Islands.

• Wednesday, August 8th 2012 - 06:51 UTC

  Chile announces plan to improve living conditions of the indigenous Mapuche peoples

  

  In a special cabinet meeting last Friday, Chilean President Sebastián Piñera proposed a series of measures aimed at improving infrastructure and human investment in the south-central Araucanía region.

• Wednesday, August 8th 2012 - 06:47 UTC

  Poll shows deeper interest rates cuts expected from the Brazilian central bank

  

  Weak economic growth will likely prompt Brazil's central bank to cut interest rates deeper than previously expected this year, a weekly central bank survey of economists showed on Monday.

• Wednesday, August 8th 2012 - 06:37 UTC

  Brazil begins major military exercise to test security along its southern borders

  

  Brazilian Armed Forces began this week a major deployment along the borders of Uruguay, Argentina, Paraguay and Bolivia involving 9.000 troops from the three services with the purpose of testing border security against smugglers mainly of arms and drugs and organized crime, said the Ministry of Defence.

• Wednesday, August 8th 2012 - 00:58 UTC

  South Georgia ‘77 “Operation Journeyman”, a drill for the recovery of the Falklands in 1982

  

  The July edition of the South Georgia Newsletter recalls a major British military and political event in the South Atlantic has been largely overlooked by the region’s history books. A Royal Navy task force, codenamed Operation Journeyman, was deployed to the waters around South Georgia and the Falklands in 1977 following the occupation of Southern Thule in the South Sandwich Islands by 50 Argentine “scientists”.

• Tuesday, August 7th 2012 - 20:14 UTC

  Mercosur has only benefited Brazil in the last ten years with a surplus of 36.8bn

  

  Brazil is the only country that in the last ten years has benefited from Mercosur with an intra-zone trade surplus of 36.8 billion dollars while the other three full members, Argentina, Uruguay and Paraguay have accumulated huge deficits in the same period, according to Argentine economist Orlando Ferreres a regular columnist from La Nacion with graduate studies in Harvard.

• Tuesday, August 7th 2012 - 19:17 UTC

  Argentine president declared assets valued in 8.6 million dollars

  

  Argentine President Cristina Fernandez has assets of almost 40 million Argentine Pesos according to her latest income statement before the Anti Corruption office. This includes the 31 million inherited from her late husband Nestor Kirchner who died in October 2010.

• Tuesday, August 7th 2012 - 17:19 UTC

  Spain says the Gibraltar dispute is back on the ‘Brussels process” bilateral track

  

  Spain’s new Ambassador to the United Kingdom, Federico Trillo-Figueroa, has claimed that his Foreign Minister, Jose Garcia Margallo, has managed to revive bilateral dialogue with UK over Gibraltar within the Brussels context.

• Tuesday, August 7th 2012 - 17:13 UTC

  Argentine supermarkets must keep records of clients that spend plus 210 dollars

  

  Argentine supermarkets must keep records of sales of plus 1.000 Pesos which must be available to tax inspectors, according to the latest decision from AFIP the tax revenue office. A thousand Pesos at the official rate is equivalent to 210 dollars and in the parallel 140 dollars.

• Tuesday, August 7th 2012 - 17:06 UTC

  Argentine foreign currency credit cards included in the strict dollar “clamp”

  

  Credit card companies operating in Argentina have also fallen under the net work of the tax office AFIP, and now must request authorization and approval to purchase US dollars to balance their clients’ accounts.