Argentina’s Deputy Minister of Economy, Roberto Feletti stated on Thursday that the idea of the government is to “reduce the level of unemployment to 5%” in the coming two years.
Brazil's trade surplus grew more than expected in August as the value of exports climbed to its highest this year, outpacing strong import growth.
Annual food inflation in Latin America and the Caribbean reached 8.7% in July almost one full percentage point above the previous month according to the Food and Agriculture Organization, FAO.
Big business in Argentina agreed to prolong the current ‘truce’ with the government of President Cristina Fernandez but called for more investment and improved competitiveness with more accessible financing, besides a return to the international voluntary credit market and an agreement with the Club of Paris.
Two major Arctic Ocean shipping routes have opened simultaneously for only the second time since satellite observation began in the 1970s, researchers say.
Brazil’s central bank on Wednesday unexpectedly cut interest rates as the risk of recession in Europe and the US shifted policy makers’ focus away from containing the fastest inflation in six years.
US President Barack Obama says he will announce plans to promote jobs and economic growth in a speech to Congress next week, although there is a now a dispute involving the Republican Speaker of the House of Representatives over the timing of the event.
The pace of US private sector job growth slowed in August for the second month in a row with employers adding 91,000 positions, a report by a payrolls’ processor showed Wednesday.
Standard & Poor's ratings services upgraded Mercosur member Paraguay's credit status a notch after the country reached an agreement with neighboring Brazil to take more revenue from the shared Itaipú hydroelectric complex, the world’s largest operational dam.
The 25 highest paid US chief executives earned more last year than their companies paid in federal income tax, a study has said. The average annual remuneration of the 25 bosses was 16.7 million dollars, the left leaning think tank Institute for Policy Studies (IPS) found.