Brazil posted a trade surplus of 2.355 billion dollars in October, beating forecasts for a third straight month, outpacing imports in the final days of the month following a recovery in global commodities prices.
Brazilian industrial production fell more than expected in September, posting its steepest decline in five months and bolstering the central bank’s argument for more interest-rate cuts in Latin America’s largest economy.
Argentina’s central bank estimates that the country’s economy will expand 9% in 2011, above the central government forecast of 8.3%, according to the latest quarterly report released this week.
Chilean flag-carrier LAN SA and Brazil's TAM SA have unveiled senior management changes as their plan to merge advances. The merger is expected to be completed in the first quarter, and will see the two airlines taken over by a new holding company, LATAM Airlines Group, the companies said in a statement.
Argentina is currently ranked among the world’s top six exporters of chicken meat (breast and legs) while in beef has dropped to position nine, according to the latest data from the US Department of Agriculture, USDA.
Paraguay’s Livestock Service has confirmed that negligence in the handling of foot and mouth disease vaccines was the cause for the September FMD outbreak that forced the country to cease exports. The announcement discards doubts about the quality of the vaccines.
The Latin American block arrives this week at the G20 summit in Cannes with a consensus spearheaded by the strong political standing of Brazil in global affairs and with criticisms to the way in which the European Union and the US are managing their respective “crises”.
Germany's Angela Merkel and France's Nicolas Sarkozy are “determined” to implement the EU bailout plan for Greece. That was the outcome of an emergency phone call between the two chiefs of state ahead of a G20 summit Wednesday.
Argentina’s Economy Minister, Amado Boudou, came on stage again on Tuesday to bring calm to markets Monday’s debut of the very strict measures in the foreign exchange market strongly limiting the purchase of US dollars.
Development banks could provide up to 200 billion dollars in financing to help poor nations deal with shockwaves caused by the European sovereign debt crisis, World Bank President Robert Zoellick said on Tuesday.