The Brazilian government said Friday it was cutting its economic growth forecast for this year from 4.5% to 3% due to the impact of the global slowdown. However the figure is still higher than the 2.5% predicted by the Central Bank.
Argentina's economy contracted in May and industrial production slumped further in June, according to government data released on Friday. Economic activity fell 0.5% in May year-on-year, slowing from April's 0.6% growth rate and marking the first contraction in 34 months.
An Argentine businessman who was sentenced in Uruguay to home arrest following a car accident in which one person died remains at the location of the crime because his family in Argentina have been unable to purchase the 5.000 US dollars bail needed for his release.
China’ BYD has inked another strategic deal for its electric bus products, this time in Uruguay with one of the country’s leading tourism companies. The agreement was witnessed by Uruguay’s president Jose Mujica.
Angola’s National Assembly approved this week the Joint Declaration on the Establishment of Strategic Partnership with Brazil, as well as the draft resolution on Cooperation between the two countries in defence domain.
A senior economist at the International Monetary Fund spearheading the bailouts of three Euro zone countries has lambasted its lack of leadership and said its first female chief is not fit for the job.
Argentines inflation expectation for the next twelve months climbed in July to 35.7% from 34.9% in June according to the latest report form the Di Tella University Finance research centre (UTDT).
The Argentine government, together with Brazil, India and South Africa questioned the inclination, almost bias, of some trade measures elaborated by the World Trade Organization Director General.
President Cristina Fernández announced on Thursday the development of a mining project between Neuquén, Mendoza and Río Negro provinces which will led by Brazilian company Vale, and is expected to become the largest potassium mining site in the world.
The US solar industry is undergoing some serious growing pains, with bankruptcies and mergers a necessary part of that process; meanwhile, competition from Chinese solar panels has many believing that American solar simply cannot compete. Not so.