A Uruguay construction worker had to borrow the equivalent of seven US dollars from a neighbour to get to work. It was Thursday morning and several turned up to loan him the requested money.
The poverty rate in the United States rose for the third straight year, reading 14.3% in 2009 (one in seven), up from 13.2% a year earlier. More than 43 million people are living in poverty and almost 51 million have no health insurance coverage.
The Uruguayan economy continues to expand strongly having advanced 2.3% in the second quarter over the first quarter and 10.4% compared to a year ago and 9.8% over the fist half of 2009, according to the latest release from the Central Bank.
Uruguay’s beef exports may rise by 2.6% next year as demand recovers from the global recession, according to a unit of the U.S. Department of Agriculture.
The strong appreciation of the Colombian peso which so far this year has gained 14% against the US dollar and now stands below the 1.800 peso milestone is hitting exporters and could have an impact on employment, one of the most sensitive issues for Colombian public opinion.
By Augusto de la Torre (*) - In 1672, Potosí, Bolivia, was one of the largest and richest cities in the world. Located at the base of Cerro Rico, Potosi was a hotbed of Spanish silver mining, the operations of which were so prolific; a Potosi became synonymous for great riches.
Standard & Poor's raised on Monday its long-term foreign currency credit rating on Argentina by one notch, to B from B-minus, citing declining debt levels and an improving economy in 2010.
A historic trade deal between China and Taiwan took effect Sunday signalling improvement in relations between the two countries after they were split by a civil war over 60 years ago.
The Cuban government will cut more than 500,000 state jobs by March as part of a plan to reduce inefficiencies, the country’s largest union said in a statement. The reductions are part of President Raúl Castro’s goal of eliminating 1 million state jobs by 2015, according to the statement.
European Union Trade Commissioner Karel De Gucht is expected in Brazil to advance trade talks with Mercosur. Brazil currently holds the Mercosur rotating chair. The top EU official will visit Argentina later in the week.