The economic climate in Latinamerica dropped in April to its lowest level since 2003 according to the latest edition of the joint index from the Brazilian Getulio Vargas Foundation, FGV, and the IFO Institute from Munich, Germany.
Mercosur and European Union trade negotiations remain stalled following on Saturday's meeting in Lima according to reports from the Argentine press. Argentine president Cristina Fernandez de Kirchner and the head of the European Commission Jose Manuel Borroso could only agree that it was a discussion with passion and if no country yields, there's no agreement.
US, UK citizen, Hungarian born billionaire investor George Soros has given his gloomiest assessment of the state of the US and world economies in an interview with the BBC business editor Robert Peston
Uruguay ranked fourth in the best country in Latin America to do business listing, according to the second annual Latin Business Index from Latin Business Chronicle. The index has Chile again at the top and Venezuela at the bottom of the 19 countries list.
Shares in mining giant BHP Billiton have jumped on fresh speculation a Chinese investor is eyeing up a 9% stake in the company. The Australian press reported that Chinese interests have approached an Australian investment fund to help buy into the world's biggest miner.
Brazil's Real rose to a nine-year high as the US dollar slumped and investor demand for commodities and higher-yielding assets increased. Last April 30 Standard & Poor's upgraded Brazilian debt sending the Real and the Sao Paulo Bovespa stock index to new records.
Leaders from Latin America, Europe and the Caribbean wrapped up a one-day summit in Lima promising to tighten trade ties even as some Andean nations balked at signing new free-trade agreements.
Argentine provincial governors, from different angles have called on the striking farmers and the government to resume dialogue as the only way out to the two months stand off over a sliding grain and oilseeds export tax system which is harming the Argentine people and institutions.
The worst of the global financial turbulence is over, but the effects on the world economy will be felt for some time, the head of the International Monetary Fund said Thursday in Brussels before a European Parliament committee.
United States Federal Reserve chairman Ben Bernanke urged financial institutions to remain proactive in their capital-raising efforts as market and economic conditions improve but he also called for better risk management amid ongoing fragility in the markets.