Brazil president Dilma Rousseff announced Wednesday the government will temporarily shelve a law banning the consumption and sale of beer in stadiums for the duration of the 2014 World Cup.
Strong symptoms of a slowdown of the Argentine economy, possibly leading to recession, have been confirmed by Torcuato Di Tella University's, UTDT, closely watched leading indicators.
Argentine President Cristina Fernandez announced higher tariffs for capital goods and the extension until the end of the year of the “fiscal bonus” with the purpose of “sustaining current countercyclical policies” given the international economic crisis.
Argentine President Cristina Fernández insisted Wednesday on the need of saving in Pesos instead of US dollars and announced that she would “pesify” her dollar fixed-term bank deposit, urging her ministers to do the same.
Billionaire investor George Soros has warned European leaders they have a three-month window to save the Euro and insisted that the EU leaders did not understand “the nature of the crisis”.
Europe's key institutions should have emergency powers to override economic and financial policies at a national level in times of crisis, Jean-Claude Trichet, former head of the European Central Bank, said on Wednesday.
European Central Bank (ECB) president Mario Draghi said on Tuesday that risks to the Euro zone economy have increased and warned of heightened uncertainty weighing on confidence and sentiment.
Brazil’s inflation rate fell more than economists expected in May, pushing the annual pace below 5% for the first time since September 2010. Monthly inflation slowed to 0.36% from 0.64% in April.
Argentine farmers’ organizations under the umbrella grouping Liaison Board announced on Tuesday a national strike cancelling all trade in grains, oilseeds and livestock to protest ‘national government policies’ against the land reform and tax hike in Buenos Aires province, among other issues.
Ernesto Talvi, an expert on Latin America, emerging markets and economic policy, will join the Brookings Institution as director of the Latin American Initiative (LAI), Brookings President Strobe Talbott announced this week.