Brazil pledged major investment and technology transfer to Africa to repay a solidarity debt from a country with a huge black population to the poorest but resource-rich continent.
Uruguay's annual consumer inflation accelerated in April owing to a big increase in food, clothing and transportation prices, reported the government’s statistics office, INE on Thursday.
The European Central Bank, meeting in Spain on Thursday, held interest rates at historic lows but insisted it was up to governments to find ways of boosting growth without busting fiscal rules.
After coming under fire for years for refusing to accept responsibility for the crisis, Bank of England governor Mervyn King said in his BBC Today Program Lecture that the BoE should have done more -- but added that the bank's hands had been somewhat tied.
UK gas producer BG Group has announced a deal to sell its stake in Brazil's Comgas to Sao Paulo-based Cosan for 1.8bn dollars. BG said it expected to deal to be completed by the end of the year.
Foreign Direct Investment, FDI, in Latin America and the Caribbean during 2011 reached 153.448 billion dollars, which represents 10% of the global total flows according to a report presented on Thursday by the Economic Commission for Latin America and the Caribbean (ECLAC) in Santiago, Chile.
Brazilian President Dilma Rousseff plans to unveil changes to rules related to savings accounts on Thursday, government sources said, a key move to pave the way for lower interest rates in Latin America's largest economy.
Brazil’s meat giant JBS is the most likely buyer of a local subsidiary owned by a French poultry processor, according to news reports.
Remittances from Mexicans living abroad climbed 5.3% in the first quarter compared with the same period in 2011, Mexico’s central bank said on Wednesday.
Norway’s Edvard Munch’s painting The Scream, one of the world's most recognizable works of art, sold for 120 million dollars at Sotheby’s on Wednesday, setting a new record as the most expensive piece of art ever sold at auction.