December 18, 2014

Cabinet Chief Jorge Capitanich said that the recent Christmas message by the Argentine Episcopal Conference (CEA) that warned about the country’s “corruption and lack of exemplariness” referred to private corruption and not the government’s as media outlets have suggested.

Asked about his future as a key official in charge of the government’s relations with the press, Cabinet Chief Jorge Capitanich said he will “engage in no competition” with newly appointed Secretary General to the Presidency Aníbal Fernández.

Argentina’s rotating presidency at the Mercosur ended yesterday with special declarations by the region’s heads of states in support for the government’s judicial battles against holdout creditors and against the law recently approved by the US Congress that allows for sanctions against Venezuela.

• Summit puts Bolivia in spotlight • Brazil receives pro tempore presidency

The Senate last night was unable to vote on a reform to the electoral code which sets direct election of lawmakers to the Parlasur — the Mercosur’s legislative body.

• Lower House approves Parlasur elections

Twenty-five years after the fall of the Berlin Wall reunited Europe, the European Union hailed a "historic turning point" with the renewal of diplomatic relations between Cuba and the United States.

“I want to send a big greeting to the dignity of the Cuban people and its government, that stood for its ideals and is now normalizing its relations” with the United States, Fernández de Kirchner said. “Cuba is a little and great country that stood against the most powerful country in the world for 53 years.”

European stocks rose early today, tracking a rally on Wall Street after the US Federal Reserve gave an upbeat assessment of the economy and said it would take a patient approach toward raising interest rates.

Mario Bendit, a broker and financial assessor who went missing since Tuesday was found dead this afternoon with a shot in his head. The body appeared in Costanera south neighbourhood, Buenos Aires City.

Soccer — Club World Cup

Saints to play Real Madrid for title

Libertadores Cup champion San Lorenzo needed extra-time to see off the gallant challenge of Auckland City as it beat the New Zealand part-timers 2-1 in the Club World Cup semifinal. The Saints will face Real Madrid on Saturday for the title.

Colombia's Marxist FARC rebels have declared an indefinite unilateral ceasefire beginning on Dec. 20 which they promised to end if they come under attack by government forces.

The historic breakthrough in US-Cuban relations began in spring 2013, when US President Barack Obama authorized secret talks with Cuba, the same tactic he used to open nuclear negotiations with Iran.

Republicans in Congress denounced US President Barack Obama’s decision to begin normalizing relations with Cuba, and some said they’ll do everything in their power to block the move.

• Shift in attitudes opens door for Obama


Dollar (Official price) DOLLAR (Official price) $ 8,520 $ 8,570
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Euro EURO $ 10,720 $ 11,270
Pound POUND $ 13,266 $ 13,352
Merval MERVAL $ 0,000 $ 0,00
Dow Jones DOW JONES $ 17.356,870 $ 1,69
Bovespa BOVESPA $ 49.472,660 $ 1,56
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Unhappy old year

Michael Soltys / Senior Editor / Economic Outlook

Unhappy old year

• World Trade

Yuan has real shot at IMF blessing on reserve status

• On Sunday

'Nothing will change'

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Director: Orlando Mario Vignatti - Edition No. 4344 - This publication is a property of NEFIR S.A. -RNPI Nº 5177376 - Issn 1852 - 9224 - Te. 4349-1500 - San Juan 141 , (C1063ACY) CABA