According to a special report published Tuesday on Brazil, Fitch Ratings believes that the country's current slowdown is cyclical in nature and that economic growth is likely to return to its potential rate.
Uruguay’s credit rating was raised one level by Standard & Poor’s, which means the country has returned to investment grade for the first time in a decade.
Brazilian farmers will likely plant at least 26.2 million hectares with soybeans in the next crop, up 1.1 million hectares from the current 2011-12 crop, forecaster Agroconsult said Tuesday.
Shares in Argentina's biggest energy company, YPF plummeted on Tuesday because of growing investor fear over a possible government plan to seize control of the oil firm.
Brazil announced on Tuesday tax cuts and other stimulus measures worth about 65 billion Reais (35 billion dollars) to protect the country’s struggling industry from what she said were “predatory” trade practices by rich nations.
In the last two years inflation in Latin America has stabilized varying between 6% and 7%, according to the latest monthly report from the FAO (Food and Agriculture Organization) regional office.
In a statement entitled “Why we still want to work with Argentina”, commemorating the 30th anniversary of the South Atlantic conflict, Foreign Secretary William Hague, stressed UK’s eagerness to work with Argentina on several aspects surrounding the Falkland Islands issue.
The Uruguayan government through the Ministry of Defence gave the green light to a local air cargo company, Airclass which requested authorization to make a commercial flight to the Falkland Islands sometime this month.
Argentina highlighted that the administrations of Néstor Kirchner (2003/2007) and Cristina Fernández (2007/2011) were the less reported before the World Trade Organization and warned that that the US and EU are the most questioned members of the WTO regarding their trade policies.
Argentina’s notorious Interior Trade Secretary Guillermo Moreno has triggered another controversy, this time among board members from Industries Union of Argentina, UIA, involving one of its vice-presidents and the CEO of Fiat.