Latin American countries will be meeting in Uruguay in two weeks time to define a common stance on the international crisis for the coming G20 summit that will be taking place early November in France.
According to a new special report issued by Fitch Ratings released Wednesday, a potential 'double-dip' in the US or a hard-landing in China would have negative economic implications for Latin American countries.
Demonstrators from New York City to San Francisco took to the streets Wednesday to protest what they call a growing wealth disparity between large US corporations and average citizens in the wake of the financial crisis.
Representatives from the Falkland Islands Agriculture Department and private sector visited Punta Arenas in the extreme south of Chile to establish closer commercial, technical and academic links related to farming development.
In the framework of the so called Plan Maior, Brazil adopted measures to stimulate its industry with the purpose of increasing productivity and containing competition from Chinese produce in its domestic market.
The head of Business-Europe International Relations said Wednesday that a free trade agreement between the European Union and Mercosur “would not destroy European agriculture” in spite of fears from farmers.
DBRS rating agency from Canada upgraded on Wednesday its ratings on Argentina's long-term foreign and local currency securities to B from B (low). The trends have been revised to Stable.
The head of the Argentine Industrial Union (UIA), José Ignacio de Mendiguren, warned on Wednesday that Argentina “is starting to be affected” by the global financial crisis, furthering that the country “is not protected” against the situation.
The International Monetary Fund could buy Spanish or Italian bonds alongside the Euro zone bailout fund if needed, to help boost investor confidence in those countries, the IMF Europe head Antonio Borges said on Wednesday.
The number of people filing for unemployment benefits in Spain shot up by nearly 100,000 in September, a surprisingly big increase even in a month that tends to be bad for workers as vacation season contracts expires.