Brazilian economic activity dipped in the third quarter despite a slight rise in September, according to central bank data on Thursday. The central bank's IBC-Br economic activity index fell 0.32% in the third quarter.
Argentine economic activity grew at a steady pace in October but there are signs that growth will cool in the coming months, local consultants Orlando J. Ferreres & Asociados, OJF, said Thursday.
Standard and Poor's Corp said Thursday it was upgrading the credit rating of Brazil by one notch to BBB, adding that the upgrade reflected the country’s increasing capacity to hold up against the overall deterioration in the global economic outlook.
New York police prevented protesters from shutting down Wall Street, arresting at least 177 people in repeated clashes with an Occupy Wall Street rally that grew to several thousand strong.
Greek police clashed with anti-austerity protesters and Italy announced sweeping reforms in response to a European debt crisis that on Thursday pushed borrowing costs for France and Spain sharply higher.
The French auto consortium Peugeot-Citröen agreed with the Argentine government not to remit earnings during two years (2011/2012), approximately 50 million dollars announced Argentine government sources.
Paraguay’s wheat exports have doubled in 2011 compared to the previous year and has increased 33 fold in the last decade, and this has been based on a government-private effort of investing in scientific research and technology.
Chilean Public Works minister Laurence Golborne announced this week a 500 million dollars plan to revamp Santiago’s air terminal to address the ever growing number of national and international passengers.
Greece and holders of its debt hope to agree on a proposal to halve its privately held debt within weeks, both sides said on Thursday, raising hopes that a key pillar of Greece's 130 billion Euros bailout is still on track.
The Latin American economy has entered a declining phase and will further slow down in coming months according to a report from the Brazilian think-tank Getulio Vargas Foundation, FGV.