Brazil's general price index, or IGP-M, rose 1% month-on-month in February, compared to 0.79% rise in January, the Getulio Vargas Foundation said Friday. Economists' had forecast the index to rise 1.01%.
Paraguay overtook Argentina as beef exporter in 2010 confirming the country’s loss of leadership in the world’s meat markets, according to reports in the Argentine and Paraguayan media.
A robot which categorizes soy bean plants according to their capacity to resist drought and make better use of the water resource has been developed by a bio-technology group of Mercosur researchers in Argentina, with European Union support.
India is reaching out to emerging markets and Latin America, and more precisely Mercosur is a strategic priority, said India’s Minister for Commerce and Industry Jyotiraditya Scindia addressing the Confederation of Indian Industry (CII) India-Uruguay business conference that hosted a large Uruguayan business delegation led by the country’s Vice-President, Danilo Astori.
A Brazilian judge has blocked plans to build a huge hydro-electric dam in the Amazon rainforest because of environmental concerns. Federal judge Ronaldo Desterro said environmental requirements to build the Belo Monte dam had not been met.
Latin America's biggest company, Brazilian state-managed oil giant Petrobras, on Friday said it raked in a record net profit last year of 20 billion US dollars. That figure for 2010 was 17% higher than its profit for 2009 company executives told a news conference in Rio de Janeiro.
U.S. gross domestic product expanded at an annualized rate of 2.8% in the fourth quarter of 2010, compared with an earlier estimate of 3.2% GDP growth, the Commerce Department said Friday.
Chilean Central Bank data this week confirmed ha China is now the biggest provider of consumable goods to the country. In 2006, the main providers of consumable goods to Chile were the US, Argentina and Brazil.
By Dominique Strauss-Kahn - Latin America has enjoyed tremendous economic dynamism and a rising quality of life in recent years. But, faced with new challenges, the question is: how best to sustain this progress?
Brazil's Foreign Affairs ministry told U.S. officials on Thursday that Brazil wants global talks at the World Trade Organization to move forward, but can't make any new concessions.