President Michel Temer, whose popularity is the lowest for a Brazilian head of state in decades and who last week was spared from standing trial on corruption charges by the vote of his allies in Congress, was booed at the conclusion of his appearance at a trade fair in Rio do Janeiro.4 comments
The flows of Foreign Direct Investment (FDI) into Latin America and the Caribbean shrank 7.9% in 2016 compared with 2015, totaling US$167.043 billion, representing a 17% decline from the peak reached in 2011, the Economic Commission for Latin America and the Caribbean (ECLAC) revealed at its headquarters in Santiago, Chile.Add your comment!
A massive 356 kilos emerald was unearthed recently by miners inside the Carnaiba Mine in Brazil. This incredible emerald specimen stands 1.3 meters tall and is valued at approximately US$ 309 million.2 comments
On Sunday Argentines will be able to choose their candidates to the Senate and Lower House for the midterm October elections, in a process known as PASO, which means open mandatory, simultaneous primaries for all parties, but which are not compulsory for the electoral roll.15 comments
”Everything was caught on camera and there is an ongoing investigation,” the International Red Cross has confirmed, referring to the controversy in July when images of the Argentine cemetery in the Falkland Islands were reproduced in the Argentine press.12 comments
The Falkland Islands second Loligo squid season has taken with very good catches, but good catches also means abundance of the cephalopodus, and... of those sea mammals that feed on them. Because of this a temporary exclusion zone around Beauchene Island was put in place on Thursday making this productive area for Loligo squid out of bounds to fishing vessels.3 comments
Brazilian prices rose in July at an annual rate of 2.71%, the lowest for 18 years, the government statistics office said Wednesday. This was good news for consumers in Latin America's biggest economy, which is inching out of its deepest recession in history, and was considered likely to lead to sharper interest rate cuts.3 comments
A sudden rise in interest rates poses the greatest threat to the global economy, the IMF's former chief economist has told the BBC. Ken Rogoff, who famously predicted a big bank would collapse during the financial crisis, warned that people had got used to ultra-low interest rates and said the economic policies of the Trump administration posed a risk.Add your comment!
Jack Lew, former US treasury secretary, has told the BBC the world remains at risk from financial threats. He says loosening regulation would not be a good idea: ”We should not disarm at a moment when we're out of the last financial crisis, but still in a world with substantial financial risks.Add your comment!
The extreme volatility of Venezuela's exchange rate has the crisis-hit country's shop owners hurriedly marking up their merchandise and consumers balking at the higher price tags. Just last week, the Bolivar currency fell around 70% on the black market, according to DolarToday, the opaque U.S.-based website that dictates the black market rate.5 comments