China appointed a new finance minister on Monday who is expected to maintain an expansionary fiscal policy and push reforms to put a lid on rising debt levels in the economy. Xiao Jie, a former tax chief and Minister of Finance deputy minister, was named minister of finance, the official Xinhua news agency said on Monday.
Central Bank of Paraguay (BCP) CEO Carlos Fernández Valdovinos spoke of the possibility of closing this year with a growth of more than 4% of gross domestic product (GDP). Announcement due on December 5.
Argentina's Lower House left its peers from the Mercosur Parliament, Parlasur, with no allowances, despite claims from most of its 43 members. Last week the Chamber of Deputies approved the Argentine budget which must now be considered by the Senate.
Brazil's competition regulator Cade said on Monday that a deal between LATAM Airlines LAN.SN, British Airways and Iberia could have a negative impact on routes between Brazil and Europe. Chile-headquartered LATAM signed joint business agreements in January to deepen its ties with American Airlines Group and IAG's British Airways and Iberia, all members of the Oneworld Alliance.
Under the administration of president Mauricio Macri, the relation between Argentina and the US has entered a new dynamic phase and somehow those close links could be affected if the Republican candidate wins on Tuesday, said foreign minister Susana Malcorra.
A majority of South American presidents would prefer to see former Secretary of State Hillary Clinton at the White House, while a few believe whoever wins will make not much of a difference for the continent. Nevertheless be it Hillary or Trump there is mostly respect for US institutions.
Uruguayan Businessman Edgardo Novick Monday registered this new political grouping Party of the people before the Electoral Court in Montevideo to run in the national elections of 2019.
Analysts estimate Clinton would continue the bilateral relationship, while Trump is a mystery that would halt trade and investment worldwide
Argentina and Qatar agreed to create a billion-dollar joint fund to carry out infrastructure works, as part of Vice President Gabriela Michetti's visit to Middle Eastern countries, it was announced Monday.
María Eugenia Vidal, governor of the province of Buenos Aires, reached an agreement with the World Bank for a 380-million-dollars loan to finance infrastructure works that would be beneficial to more than sixty municipalities. Bidding to start in March.