The visit this week of Brazil's former president Lula da Silva to Havana could help to unravel the current political crisis in Venezuela according to Argentine political analyst Rosendo Fraga, since both countries have much to lose if the conflicting situation continues.
The US Congress should look into legal options for regulating virtual currencies such as bitcoin, said Federal Reserve Chair Janet Yelleny. Japan-based bitcoin exchange Mt. Gox went dark leaving customers unable to access their accounts. Experts have warned they might not have much recourse to recover their money.
The Inter-American Development Bank (IDB) will hold its 2014 Annual Meeting in Bahía, Brazil, March 27-30, bringing top economic and business leaders to discuss how the private sector can help boost economic and social development in Latin America and the Caribbean.
Brazil's central bank raised its benchmark interest rate Wednesday to 10.75% from 10.5%, and left the door open for more rate increases while slowing the pace of the hikes. The move continues the bank's yearlong fight against inflation even as rising interest rates and the poor performance of the country's exporters jeopardize already feeble growth in an election year.
The booming world fish trade is generating more wealth than ever before, but countries must help small-scale fishers and fish farmers benefit too, says FAO.
Argentina praised some of the “positive and favorable comments” by the United Nations Food and Agriculture Organization (FAO) and the World Bank regarding the country’s social and economic agenda, regretting that certain media “downplay” such news.
The total fortune of the 15 wealthiest Argentines has been estimated at 26.85 billion dollars, falling just shy of the 27.679 billion dollars currently in the Central Bank’s foreign reserve account, according to a list of the country’s richest people published recently by the local edition of Forbes magazine.
Income inequality can lead to slower or less sustainable economic growth, while redistribution of income, when measured, does not hurt and can even help an economy, IMF staff found in a research study released on Wednesday. Although the study by IMF economists does not reflect the Fund's official position, it is another sign of a shift in its thinking about income disparity.
Minister of Defense Agustín Rossi said Argentina has no conflict hypothesis regarding the Falklands/Malvinas Islands, strongly denying statements from a British newspaper which argued the UK was closely monitoring Argentina's investment in military procurement.
In a bid to attract more cruise ships to Gibraltar, the Minister for the Port, Neil Costa, has announced changes to the Port Rules, which regulate the amount of discount on passenger dues. The amendment allows ‘repositioning’ calls from the Mediterranean to the Caribbean or vice-versa to benefit from a 100% markdown on passenger dues.