Argentina freezes prices in supermarkets for two months

The Argentine government agreed with the major supermarket chains in the country for two months frozen retail prices of all products, said Monday the Ministry of Domestic Trade, in a move intended to contain high inflation.

 

The announcement comes after private consultants, as M & S's economist Carlos Melconian, reported that estimated that inflation in January reached 2.6 / 2.9 percent, a sharp jump in the price level of advancement over previous months which stood at 1.6 / 1.9 percent.

Argentina has one of the highest inflation rates in the world, with about 25 percent annually, according to private data. The government, whose measurements are challenged by economists, opponents, consumer organizations and even employees of the entity that produces, reported that prices rose 10.8 percent last year.

 

The International Monetary Fund (IMF) on Friday issued a "declaration of no confidence" against Argentina by concerns about the quality of their data on inflation and GDP growth (GDP) and gave the country given until September 29 to make corrective measures.

In his harshest rebuke for the quality of economic data, the directory of the multilateral agency said that Argentina had not made ??sufficient progress in the accuracy of their statistics after a first warning given a year ago.

 

Inflation is a major concern of Argentines, according to several surveys.

The Internal Trade Secretariat reported that the freeze agreement that will govern until April 1 was reached with the retail chains Coto, Jumbo, Carrefour, See, Disco, WalMart and The Limited, among others.

Hoyle: Over 10 large financial firms want to invest in Peru

(New York) Over 10 large financial companies based in the United States are interested in investing in Peru. This was reported by Roberto Hoyle, president of the Investing in Peru (inPerú).

He said after the ceremony of the "bell" on the Stock Exchange of New York were held about 80 meetings, one to one, with various employers.

 

"Between yesterday and today we had meetings with investors to see different projects in the country, investment banks have been the most interested," he said.

He said the financial sector investors held meetings with the Minister of Economy, Luis Miguel Castilla, Central Bank President Julio Velarde, the head of the SBS, Daniel Schydlowsky and ProInversión, Javier Illescas.

 

Hoyle said that in addition to these appointments, investors met with several Peruvian businessmen, standing on the special interest of Pension Fund Administrators (AFP) represented by Luis Valdivieso, president of the AIA (AAFP).

 

Among the investors who attended such meetings include Goldman Sachs, one of the investment banking group and the world's largest securities, Bank of Tokyo Mitsubishi, Japan's largest bank, Credit Suisse Group, Deutsche Bank Advisors.

 

Also Fontis Capital Group, Meketa Investment Group, JP Morgan, Bank of America Merrill Lynch, Sumitomo Mitsui Banking Corporation, Arup, Franco Ventures, Wells Fargo, ContourGlobal, Trilantic Capital Partners, CQS.

InPerú delegation continues to attract investment to Peru

This is the second city which runs the national delegation. The first was New York where it exceeded all expectations.

"We achieved approximately 80 meetings and the participation of some 200 entrepreneurs and foreign investors in the main event, demonstrating the high expectations raised by investing in Peru," said inPERU president, Roberto Hoyle.

"The strength of the Peruvian economy generated great interest in the world, the sectors that attracted the greatest expectation were finance and infrastructure, especially, he said.

Today we visited the Chicago Stock Exchange, where he held exhibitions of Economy and Finance Minister Miguel Castilla; inPERU President, Roberto Hoyle and the President of the Central Reserve Bank (BCR), Julio Velarde .

On the other hand, also developed the so-called 1-1 meetings with entrepreneurs and investors.