Farmers and activists from all over the continent converged on European Union headquarters Wednesday to push for a food policy that is fairer to family farmers and kinder to the environment and developing nations.
A fierce storm packing 140-kilometer an hour winds tore across the heart of South America on Wednesday, killing five people in Paraguay and wreaking havoc in Argentina and Uruguay.
Colombia could in few years be among the group of leading economies in the world with the highest growth rate based on positive indicators and a steady inflow of investments, according to experts from the Spanish bank during an economic forum.
Brazil's Dilma Roussef has approved the auctioning of new oil concessions next year, subject to congressional approval of a new royalties law, authorities said. The 11th auction outside the pre-salt next May would involve 74 oil blocks, half at sea and half on land.
Brazilian finance minister Guido Mantega said that resolving Europe’s economic problems are likely to drag out over coming years due to a complex and slow process of decision-making in the region and recommended emerging economies to promote domestic consumption and trade among them.
Paypal is to prevent users in Argentina from transferring money between their own accounts. The online payment service said that from 9 October: Argentina resident Paypal-users may only send and receive international payments.
The value of bad debts held by Spain's banks in July rose to 169.3bn Euros, according to latest figures from the central bank. The Bank of Spain said 9.9% of banks' total loans were in arrears, up from 9.4% a month before.
The Argentine economy is expected to grow 1% this year with manufacturing activity virtually stagnant, according to the head of a leading economic consultancy agency in Buenos Aires who nevertheless admits that the government stats “will probably show a better performance”.
The 2015 Annual Meetings of the World Bank Group and the International Monetary Fund will take place in Lima, Peru, in October 2015, following a vote by the Boards of Governors of the two institutions.
The International Monetary Fund announced on Tuesday that it “regretted the lack of sufficient progress” with Argentina to address the quality of the official data reported by the country and urged it to come up with a response to the organization’s concerns by December 17th.