Brazilian business and public contractor giant Odebrecht Company Limited, with top global businesses and operations across a wide variety of industries, has shown interest in undertaking the huge Stiegler's Gorge power project in Tanzania’s Rufiji river basin, according to “The East African” weekly.
The seventh round of Mercosur/EU trade negotiations held in Montevideo ended with “progress in some areas at regulation and norms levels” and with the commitment of exchanging proposals in mid 2012, according to Joao Aguiar Machado head of the EU team.
A large majority of banks in Latin America and the Caribbean consider small and medium-sized enterprise (SME) as a strategic part of their business and are upbeat about expanding their business to this sector in the next two years, according to the Latin American Banking Federation, Feleban.
Mexican remittances rose at the fastest pace in five years in September as immigrant workers took advantage of the Peso’s decline to send more money to relatives, according to the Mexican Central bank.
Uruguay has become a net creditor of the International Monetary Fund and given this condition has helped in the bailing out of such countries as Ireland and Angola, revealed a top authority of the Central Bank during a hearing before the country’s Senate’s Finance Committee.
In the last eleven days the Argentine Peso has fallen almost 20% in neighbouring Uruguay where it has sounded alarm bells ahead of the coming season when hundreds of thousands of Argentines flood Uruguayan beaches.
Consumer price increases slowed month-on-month in Brazil in October, according to the Brazilian Institute of Geography and Statistics, IBGE. The official IPCA consumer price index gained 0.43% in October compared with a 0.53% rise in September.
Brazil’s central bank cut capital requirements for some consumer loans with maturities of up to five years, including car loans, as it seeks to fine tune measures taken last year to prevent excessive risk in the financial system.
The man who is ready to succeed outgoing Silvio Berlusconi as Italy’s next Prime Minister is a well respected economist and tough negotiator “Super” Mario Monti.
Argentina's 2011/2012 soy harvest is seen at 49.5 million tons, down from 50.3 million tons last season, the Rosario Grains Exchange said in its monthly crop report on Friday.