Argentina is adopting measures that impact negatively on investors and consumers confidence warned US economist Nouriel Roubini who became world famous for having anticipated the international crisis of the sub-prime mortgages and junk bonds.
Brazil's unemployment rate fell in October, suggesting the country’s robust labour market will continue to support domestic demand through an incipient economic recovery.
Argentina suffered a stinging blow late Wednesday when New York federal judge Thomas Griesa, citing threats by the country's leaders to defy his rulings in a decade-old dispute over defaulted sovereign bonds, ordered immediate payment.
Another Argentine province, Formosa announced that it would be repaying in Pesos its dollar-denominated bonds (FORM3) issued under local law, at an exchange rate of 4.81 Pesos per dollar.
Argentina is the country with the world’s fourth highest inflation, behind Sudan, South Sudan and Byelorussia, according to a report from a leading Argentine bank from the City of Buenos Aires.
Company inquiries about tapping Brazil's BNDES state development bank for loans is up 30% the past two months, a strong sign of potential growth in the near future for a sluggish economy, the bank's president revealed in the US.
Brazil increased gold reserves for a second month in October to the highest level in more than 11 years as emerging nations from Kazakhstan to Russia boosted holdings by more than 40 metric tons.
Chile has re-opened its market to Paraguayan beef announced on Tuesday to his peers Sixto Miranda, head of the country’s Rural Society, following a meeting with Foreign Minister Jose Fernandez Estigarribia.
After the first national strike against her administration, Argentine President Cristina Fernández blasted the CGT and CTA-led protest claiming they appealed to “bullying” tactics and called on workers to defend the “economic development and inclusion model”.
Argentine labour unions leaders said that support for the successful national strike was “much stronger than we expected” and urged President Cristina Fernández to listen to “people’s message.”