LIMA Dec 29 Argentina's new center-right government is cutting excise taxes on new cars in a bid to bolster local automaking, the country's production minister said on Tuesday.The government of Mauricio Macri will analyze the impacts of the lowered taxes after six months and modify them as needed, Production Minister Francisco Cabrera said.A tax on cars that cost more than 350,000 pesos ($27,000) will fall to 10 percent from 30 percent while a tax on luxury vehicles that cost more than 800,000 Read more [...]

Image copyrightReuters Image caption Relatives of the victims gathered outside the courthouse in Buenos Aires to call for justice A court in Buenos Aires has given jail sentences to two former Argentine transport ministers for a train crash which killed 51 people in 2012. Ricardo Jaime and Pablo Schiavi were given six- and eight-year sentences for negligence. The accident, which injured 789 people, happened when a morning rush hour Read more [...]