United States government deficits are the biggest long-term worry of top U.S. economists, according to a survey released Monday. The survey of 47 top economists by the National Association of Business Economics predicted that the US federal deficit will jump to 1.4 trillion US dollars in the fiscal year ending in September.
Uruguay offers the best business climate out of eleven countries from Latin America according to the latest ratings released by the Brazilian Getulio Vargas Foundation, FGV and IFO from the University of Munich in Germany.
Mercosur central banks’ presidents meeting in Peru last Friday agreed that the task ahead has become ‘more complicated’ because of growing inflationary pressures triggered by soaring food and oil prices.
Uruguay and Argentina will take advantage of the coming 2011 America Cup (Copa América) to promote their joint candidacy to organize soccer’s major event: the 2030 World Cup on occasion of the centenary of the first time the tournament was played.
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.