In its last meeting before the November 6 presidential election, the Federal Reserve confirmed its current fresh-money support program for the recovery of the US economy arguing that growth continues slowly and unemployment rate remains elevated.
Indian buffalo meat exports have grown to record levels in the last two years, making India the fourth country in the world to export more than 1 million tons of bovine meat annually.
Panama was the country with the greatest increase in per capita GDP in the last five years, followed by Uruguay, Peru, Dominican Republic and Chile according to a report from the digital publication Latinvex.
The Argentine stock market Merval index fell the most in eleven months following on President Cristina Fernandez plans to overhaul securities rules and force insurers to spend more on industrial and infrastructure projects.
Brazil's industrial production slowed in September from August amid tight competition and a lack of demand, according to a survey released Tuesday by the country's National Confederation of Industries, or CNI.
Jaguar Land Rover will likely decide before the end of this year whether to build a factory in Brazil, local President Flavio Padovan said on Tuesday. South Korea’s KIA Company is also considering the manufacturing plant option following the increase in import taxes.
Spain’s economy contracted 0.4% in the third quarter and continues to face strong headwinds, the central bank said on Tuesday. Adverse financial conditions eased “somewhat” and the decline in domestic demand was 1.2%, an improvement over the 1.4% fall in the second quarter.
Inflows of foreign direct investment (FDI) to 17 of Latinamerica’s countries rose 8% in the first six months of 2012, compared to the same period a year ago, reaching 94.331 billion dollars, according to figures released on Tuesday by the Economic Commission for Latin America and the Caribbean, ECLAC.
Airlines must pay compensation to passengers who are delayed by three hours or more, the European Court of Justice (ECJ) has ruled. The judgement upholds the court's 2009 ruling, which was challenged by a group of airlines including BA and Easyjet.
Mexico will ask a World Trade Organization panel to adjudicate a dispute over trade restrictions with Argentina, said Economy Minister Bruno Ferrari.