In an extremely aggressive speech in the aftermath of primaries defeat, Argentine president Cristina Fernandez blasted the media for misinterpreting electoral results, charged against the Mayor of Tigre Sergio Massa who was the big winner on Sunday, pressed for full commitment from her allies and promised more of the same in support of the ‘socially inclusive model’.
Argentina’s inflation according to the ‘congressional index’ reached 2.55% in July and 24.9% in the last twelve months was announced on Wednesday by members from the opposition in the Lower House.
European stock markets mostly rose on Wednesday after official data showed that the Euro zone had finally escaped from a record 18-month recession. The Euro-zone climbed out of recession with surprisingly strong growth of 0.3 percent in the second quarter led by Germany and France, announced the European Union.
Imports of shrimp from Malaysia will be subject to anti-subsidy duties as high as 54.5%, the U.S. Commerce Department said, while lower penalties were set for similar goods from China, Ecuador, India and Vietnam.
Brazilian Sports Minister Aldo Rebelo has said he is worried about delays at five stadiums still being built for next year's football World Cup. Rebelo said the pace of construction must be accelerated if the venues are to be ready by this December.
Venezuela President Nicolas Maduro appointed the third central bank president this year as Latin America’s biggest oil exporter seeks to rein in the fastest inflation among the world’s major economies.
The 28-country European Union underscored the potential benefits of a free trade agreement with Mercosur and revealed that so far no country member of the group has requested to a bilateral negotiation.
Brazil, Latin America‘s biggest economy, is planning to try to negotiate a separate trade deal with the European Union, Foreign Minister Antonio Patriota said in remarks published Monday.
Brazil's government is expecting 3 billion Brazilian Reais (1.3 billion dollars) in new investments with the leasing of facilities at its ports in the states of Para and Santos, Sao Paulo, said government officials.
Brazil's 45-year-old benchmark Bovespa stock index BVSP could be subject to changes in its structure for the first time to better reflect new trends facing the country's economy, financial bourse BM&FBovespa SA announced last week.