The Inter-American Development Bank (IDB) has approved a 300 million dollars loan to finance a multiple-work road program aimed at improving the conditions of accessibility, efficiency, and safety of priority roads of Argentina’s Norte Grande Region’s provincial road network and at contributing to the area’s sustainable economic development.
Argentine president Cristina Fernandez who is currently recovering from cranium surgery to drain a blood clot, “reads and knows everything” about the current state of things in the country, revealed governor of Entre Ríos province Sergio Urribarri.
Oil exploration in Uruguay picked up strongly with the arrival of Anglo-Dutch Shell which took over Brazil's Petrobras participation in two offshore blocs according to the country's oil company Ancap Exploration and Production manager Hector de Santa Ana.
Brazil’s delays loading soybeans for export may worsen in 2014 due to a bigger crop and as some grain facilities are used for sugar shipments, crop analyst Soybean & Corn Advisor Inc. said.
Tax increases, spending cuts and a stronger economy nearly sliced the United States budget deficit in half in fiscal 2013, reducing it to the lowest level since 2008, Treasury Department data showed. The federal government took in 75.1 billion more than it spent last month, leaving the deficit for the fiscal year, which runs from October to September, at 680 billion, down from 1.09 trillion in 2012.
Former president Michelle Bachelet holds a huge lead in Chile’s presidential election this year and may attract enough support to win outright in the first round, a key poll showed this week. An estimated 47% of Chileans surveyed by pollster CEP said they would vote for Bachelet if the election were held this Sunday, while 14% backed right-wing candidate Evelyn Matthei and 10% supported independent economist Franco Parisi.
Latin American and the Caribbean are forecasted to end 2013 with an urban unemployment rate of between 6.2% and 6.3%, slightly lower than 6.4% recorded in 2012, according to the latest estimates from the Economic Commission for Latin America and the Caribbean (ECLAC) and the International Labor Organization (ILO).
The Federal Reserve decided on Wednesday to press on with the 85 billion dollars in monthly bond purchases, saying it needs to see more evidence that the economy will continue to improve.
Paraguayan president Horacio Cartes and his peer from Brazil Dilma Rousseff inaugurated on Tuesday a 500KW power plant and line from the Itaipú hydroelectric dam to the city of Asunción which should help end endemic blackouts and supply a new industrial park.
The Argentine Supreme Court on Tuesday after four years of litigation finally declared the constitutionality of the Broadcast Media Law, effective immediately, and which forces the powerful Clarin media consortium to comply with the antimonopoly legislation and sell off many of its operating licenses.