Argentina’s central bank said the Bank of Nova Scotia dropped legal actions against the country under which it sought 600 million dollars.
Repsol-YPF, Spain’s largest oil company, said second-quarter earnings fell 7.3% after refining margins narrowed and output declined because of the civil war in Libya and strikes in Argentina.
The UN Economic Commission for Latin America and the Caribbean, ECLAC, expressed public concern about the ongoing discussions between the White House and Congress regarding the governments’ borrowing limit and the August 2 deadline to reach an agreement.
Peru's incoming President Ollanta Humala promised on Thursday the poor would take part in the country's economic boom, investors and their contracts would be respected and changes will be moderate and gradual.
The three-year build-up to the 2014 soccer World Cup is set to boost Brazil’s economy by 1.5% of GDP, according to Ilan Goldfajn, chief economist of the Itau Unibanco Holding, Latin America’s largest bank by market value.
Brazilian newspaper Estado de Sao Paulo revealed documents from Chinese company Sun Falcon International Inc. offering triangulation scheme through Los Angeles port, the busiest container port in the US, to avoid Brazilian anti-dumping tariffs.
Brazilian officials brushed aside claims from exporters that the country has been ‘soft’ on Argentina and on imports from Asia, mainly China, arguing that trade figures indicate something different and “you can’t have it both ways, liberal and protectionist”.
Rio de Janeiro's famous Maracaná stadium will host the final of the 2014 World Cup in Brazil, FIFA secretary general Jerome Valcke indicated Thursday, pending formal ratification of the decision at FIFA executive committee meeting in October.
A respected reference in Argentine politics, Senator Carlos Reutemann came out strongly this week in support of farmers saying that the government of President Cristina Fernandez de Kirchner, (CFK), “disregards and looks down on the rural sector”.
Paraguayan President Fernando Lugo travelled to Brazil on Thursday bringing forward a routine check-up following his cancer treatment last year and cancelling a planned trip to Peru due to a severe cold.