The chairman of the Federal Reserve, Ben Bernanke, has signalled that the US central bank will not take any immediate action to boost growth. In a keenly anticipated speech, Mr Bernanke simply said the Fed had a range of tools that could be used to provide additional monetary stimulus.
Argentina’s Central Bank’s Governor (BCRA) Mercedes Marcó del Pont said on Thursday that the Argentine banking system “is in its best historical levels of liquidity, solvency and default rates” referring to an earlier report from Moody’s rating agency.
Initial US weekly jobless claims surged to 417,000 last week, dimming hopes of an imminent recovery in the jobs market, the US Labour Department said Thursday.
A free trade agreement between Israel and Argentina is set to come into effect on September 9, the Israeli Industry, Trade and Labour Ministry announced this week.
US billionaire Warren Buffett's company Berkshire Hathaway has announced it is investing 5 billion dollars in Bank of America. News of the famous investor's move sent Bank of America's shares up by 25%, before moving back to 10% ahead.
Peru has reached an agreement with mining companies that will raise the industry’s annual payments to the government to about one billion dollars, the government said on Thursday, fulfilling a campaign promise by President Ollanta Humala.
Union of South American Nations, Unasur, Foreign Affairs ministers agreed Wednesday in Buenos Aires to increase economic coordination and send monitoring missions to regional elections but could not reach a common position on the Libyan situation.
Steel giant Tenaris, a member of the Argentine group Techint, said on Wednesday that it initiated arbitration proceedings against Venezuela following the nationalization of steelmaker Matesi.
The German president has fueled concerns of a split in Chancellor Angela Merkel's Christian Democrats after he criticized a move by the European Central Bank to resume buying Italian and Spanish sovereign bonds.
Uruguay is facing its smallest clip in over a hundred years and the 2011/2012 season’s wool production is estimated to be limited to 32 million kilos according to Joaquin Martinicorena, president of the Uruguay’s Wool Secretariat, SUL.