Argentina will demand that banks grant a new round of low-cost business loans from July through December, totalling about 3.8 billion dollars, the central bank said on Thursday. The decision comes four months ahead of mid-term elections next October.
Finding the optimal balance between macroeconomic policies to stimulate domestic demand in the short term and structural reforms to enable faster growth over the longer run, remain as the main challenges for the Latinamerican economies, according to the latest report from the World Bank.
Technical groups from Paraguay and Mexico advanced on Wednesday talks for the creation of an Economic complementation Accord in the framework of the Latam Integration Association, ALADI, which is considered the “step previous to a full free trade treaty”, reported from Asuncion Paraguay’s foreign ministry.
Peruvian president Ollanta Humala said he favoured the incorporation of the United States as observer to the Alliance of the Pacific, a free trade, pro-business and open market group made up of Chile, Colombia, Mexico and Peru.
Wages in the United Kingdom have fallen more in real terms during the current economic downturn than ever before, according to a report. One third of workers who stayed in the same job saw a wage cut or freeze between 2010 and 2011, said the Institute for Fiscal Studies (IFS).
World famous Barcelona and Argentine striker Lionel Messi has declared on his Facebook page that he is surprised by accusations in Spain of tax avoidance.
The World Bank cut its outlook for global growth, saying the economy should expand more slowly this year than last as it cited a deeper-than-expected recession in Europe and a recent slowdown in some emerging markets such as BRIC members.
The Seminar “Argentina Oil & Gas 2013” organized by the British Argentine Chamber of Commerce (BACC) with the support of the Law Society and UK Trade and Investment Department took place last Thursday June 6 and highlighted Argentina’s century long experience in the hydrocarbons industry.
Argentine farming sectors announced on Tuesday a one-week walkout following “serious problems” in the agricultural sector. First step is to suspend sales of all non perishable products from Saturday dawn to Wednesday midnight.
Uruguay’s changes in the monetary policy regime as announced last week are unlikely to address the country’s inflation problems points out Capital Economics in its latest report emphasizing that a tighter economy policy and reduction of wage indexation remain the main challenges to keep within the 5% target.