The Uruguayan central bank “Monetary Policy Committee” will attempt to balance ‘concern’ over inflation with the increasing international uncertainty when it meets next 29 December, said the bank’s president Mario Bergara.
Juvenile unemployment in Latin America and the Caribbean stands at 14% double the urban rate and 60% of young workers hold informal jobs, according to Elizabeth Tinoco from the International Labour Organization.
British PM David Cameron has said he “genuinely looked to reach an agreement” at the EU summit but vetoed treaty change because it was not in the national interest. Cameron told MPs he negotiated in “good faith” and his demands were “modest, reasonable and relevant”.
European summit deal to strengthen budget discipline in the Euro zone failed to restore financial market confidence on Monday, forcing the European Central Bank to step in again gingerly.
China Security Regulatory Commission exposed its biggest-ever case of stock market manipulation in a show of strength by the new securities regulator, who has vowed to crack down on rampant illegal trading.
The UN Food and Agriculture Organization, FAO, and Transparency International have detected serious corruption problems in the access to land in at least 61 countries, among which some in Latinamerica.
Uruguayan president Jose Mujica announced Mercosur is considering the modification of legislation so that Venezuela can definitively be incorporated as a full member to the South American trade block, which has been blocked for several years now by the Paraguayan Congress.
Brazilian bank economists cut the country’s growth estimate for this year to below 3%, (2.97%) according to a last week survey by the Central bank of over one hundred institutions and which was released Monday.
German Finance Minister Wolfgang Schaeuble said agreements reached at an EU summit this week will solve the Euro zone's debt crisis and that Germany needs a strong Europe.
Chile named this week member of the board and Harvard-educated Rodrigo Vergara Montes as the new President of the Central bank replacing outgoing Jose De Gregorio. President Sebastian Piñera still has to name the fifth member of the board.