Category archives for: Economics

Facebook closed almost as opened on the first day in the stock market

Facebook-opening-bell

Facebook fever on its first day on the stock had a tepid development, as the value of the share closed almost the same opening price.

YPF shares rise in the stock market

YPF

The financial market reacted positively after the passage of the law of nationalization of YPF. Both the Stock Exchange of Buenos Aires and New York, the shares of the oil company up.

Government will close the stores that sell yerba at a higher price than the agreed one

yahuar11

Minister of Agriculture and Fisheries, Norberto Yauhar, announced that he will “foster the closures” of stores that sell the herb at a higher price than that agreed with the Secretary of Domestic Trade. He denounced “speculative movements”.

European Parliament proposed to remove trade benefits to Argentina

Parlamento-Europeo1

In a resolution voted by the Parliament of the European Union, member countries proposed to remove the commercial benefits to Argentina for the expropriation of 51% of YPF.

According to the IMF, Argentina will grow by 4.2% and have a 9.9% inflation in 2012

Lagarde-FMI

International Monetary Fund released its estimates for Latin America in 2012, being positive for almost all its members. It predicted that Argentina will grow at a slower pace than usual and that its inflation will fall to 9.9%.

YPF shares fell in Buenos Aires and New York

bolsa

After the surprise rise of 8.4% yesterday, YPF shares traded in low and takes the Merval down, which accompanies the global trend.

Repsol “has not received any notification by the Argentine government regarding the expropriation of YPF” (view video)

repsol-ypf-

According to what Repsol, the Spanish oil company, said in a statement to the National Securities Market Commission (CNMV), “we have not received any notification by the Argentine government regarding the expropriation of YPF.”

Call to square in the Stock Market for a surprise increase in the shares of YPF

bolsa-1

The Stock Exchange of Buenos Aires stopped the sale of YPF shares for a few minutes after a surprise increase of 10% in value.

A project that proposes to expropriate 50% of YPF by the Executive entered Parliament

YPF

According to sources at M24Digital, today a bill sent by the National Executive entered the Chamber of Representatives proposing to declare of “public utility” 50,01% of YPF shares, allowing their expropriation.

Moody’s puts it’s hands back in Argentina: Threats to the Classification of Buenos Aires

subte-1

The rating agency Moody’s issued comments on the controversy over the transfer of the Buenos Aires subway and buses to the City of Buenos Aires. They said it could downgrade the Federal Capital’s debt rate if the fares are not increased.

The revenue of March grew by 29.1%

echegaray

The head of the Federal Administration of Public Revenues (AFIP), Ricardo Echegaray, announced that revenue for the month of March had a strong increase over last year and reached 48,363.3 million pesos (11.247,28 million dollars).

38% of SMEs are not dependent on foreign products

giorgi

In a report released by the Ministry of Industry, it was revealed that nearly 40% of small and medium companies stopped using imported parts in its production chain.

U.S. removes tariff benefits to Argentina

obama

U.S. President Barack Obama announced that he will sanction Argentina with the off trade benefits for not acting “in good faith” in two cases lost to U.S. companies.

YPF will convert its earnings into shares to generate investment

ypf-1-1

YPF’s board approved today an initiative to turn profits in 2010 and 2011 into stocks and seek profits in the financial market to expand production of fuel. The Government rejected the initiative, claiming that it would create a leak of dollars overseas.

Marco del Pont: “This step we are taking is essential to fully recover the monetary and exchange sovereignty”

Marcó-del-Pont

Mercedes Marco del Pont, President of the Central Bank of the Republic of Argentina (BCRA for its acronym in Spanish), defended the reform to the Organic Letter of the entity in a summit of committees of the Senate.

Rousseff said that in Argentina there are 20% inflation

dilma

Brazil President Dilma Rouseeff said in a conversation with union of her country that she can not adopt measures similar to those of Cristina Fernandez, with respect to industry, because Argentina has 20% inflation.

Soy reached a price of US$ 501 per ton in the market of Chicago

Soja-precios

Soy reached again record levels so far this year, reaching $ 484 per ton, while the most actively traded contract in the futures market of Chicago was agreed at $ 501 per ton.

Guillermo Moreno authorized price increases in massive products

Moreno-aumentos

Again, the Internal Trade Secretary headed by Guillermo Moreno, authorized price increases in massive products. In total, fourteen companies of food, beverages and cleaning supplies were allowed to increase the values of their wares. During January and February, only one company had obtained the official nod to achieve increases.

New restrictions for withdrawing money abroad

banco-central

The Central Bank of Argentina (BCRA) imposed new constraints for the Argentines traveling abroad that want to withdraw money from ATMs.

Greece achieved support for the debt swap and waits for the rescue of the EU

Photo: Télam

Finally, the Greek government achieved the support of private creditors for the debt swap, with the support of about 96% of the investors. The aim is to reduce the debt in 100.000 million euros. Thus, Greece opens the way for the IMF and the EU to implement the rescue.

Recently Commented

Photo Gallery