The head of the Argentina's powerful manufacturing lobby, UIA, Hector Mendez fired harsh words against Economy Minister Axel Kicillof stressing “his post is still too big for him”, but admitted he 'has advanced' in the last twelve months.
Brazil's new economic team headed by Joaquim Levy is expected to take office sometime in the next few days after the ruling coalition of President Dilma Rousseff finally managed Congress to approve a loosening of this year's budget targets including the crucial primary budget.
Latin America faces a rocky road ahead despite social and economic achievements in recent years, according to the head of the International Monetary Fund Christine Lagarde. Among the achievements in the last two decades and in most nations, Ms Lagarde mentioned low inflation, fiscal discipline, and financial stability.
The head of the International Monetary Fund Christine Lagarde said she wishes to “continue improving” the relationship between the IMF and Argentina, while at the same time focusing on the necessities of the region's third largest economy which is not growing as fast as it should.
The US economy added 321,000 jobs in November, while the unemployment rate stayed at 5.8%, official Labor Department figures showed on Friday. The number of jobs created was well above analysts' forecasts of about 225,000 new jobs in the month.
The International Monetary Fund has expressed conformity with the achievements made by the Argentine government regarding the updating of the country's statistics, and hoped to finish its evaluation in February, Director Christine Lagarde announced during a press conference in Santiago de Chile.
Argentina's government offered this week to make full early payment on a local dollar-denominated bond to head off speculation that its legal battle with U.S. hedge funds will make it unable to service its debt.
Four senior oil industry business and training executives are in the Falkland Islands promoting Trinidad and Tobago’s oil industry training services. Preparing staff for the oil industry is crucial if benefits are to be injected to the local economy in the form of jobs and knowhow.
The oil and gas boom in the United States was made possible by the extensive credit afforded to drillers. Not only has financing come from company shareholders and traditional banks, but hundreds of billions of dollars have also come from junk-bond investors looking for high returns.
UK interest rates have been held at a record low of 0.5% for another month by the Bank of England. It also decided to maintain its quantitative easing program, designed to stimulate lending in the economy, at the £375bn already spent.