The World Bank has warned China’s government that it must relax its grip on industry and move towards a free-market economy.
The world's leading economies worked to line up a deal in April on a second global rescue package worth nearly 2 trillion dollars to stop the Euro-zone sovereign debt crisis from spreading and putting at risk the tentative recovery.
Uruguay’s Minister of Industry and Energy Roberto Kreimerman admitted that Brazil suspended the access of textiles from Uruguay alleging that they were essentially Chinese cloth rolls with minimum input but stamped as Uruguayan manufactured and dispatched to Brazil.
A report examining Spain’s current levels of poverty has made national headlines after its launch revealed shocking figures. Caritas Spain has drawn attention to the precariousness facing millions of people at a time when networks of social aid are in danger of disappearing.
The Euro zone's economy is heading into its second recession in just three years, while the wider European Union will stagnate, the EU executive said, warning that the currency area has yet to break its vicious cycle of debt.
History has left Argentines with more than their share of economic trauma. Having twice suffered destructive bouts of hyperinflation in the late 1980s, they are sensitive to rising prices. When they spot inflation their instinct is to dump the peso and buy dollars.
After selling concessions for the expansion and operation of three major airports and a highway earlier in 2012, Brazil is preparing a plan to sell 10-year highway maintenance contracts without tolls, a newspaper said on Thursday.
Inflation and an over valued currency are among the main challenges faced by the Uruguayan economy this year in the framework of a global recession which threatens the country’s exports
Chile’s flag-carrier LAN announced that as of Wednesday it will cut Chile-South America fares as much as 40%. For years LAN has used what is known as the low-cost carrier model on its domestic flights, which has greatly reduced fares on its domestic flights and increased traffic.
US and Mexico have agreed to work together to develop deep-water oil and gas fields that straddle their maritime border in the Gulf of Mexico. The deal was signed at a meeting of the G20 group of industrial and developing countries in Los Cabos, Mexico.