Brazil’s recently sworn in government, is concerned about increasing foreign interests in its mining assets and is looking in to the possibility of restricting foreign purchases of mines, Folha de Sao Paulo reported.
The British Broadcasting Corporation (BBC) will cut some 650 jobs, more than a quarter of the state financed entities 2,400 jobs, over the next three years.
Uruguayan banks will probably be able to continue with last year’s profits in the current year, as the economy strengthens, Fernando Oliva, directory of consultancy at Doloitte told BNAmericas.
Fruit growers, packers and pickers in Argentina have ended their strike in the western part of the country, but the damage may have already been done with strike costs estimated at US $50 million, according to local and national media.
The International Monetary Fund (IMF) has said that the global economy will grow faster this year than expected.
United States family home prices, fell for a fifth straight month in November and could reach new lows soon, a closely watched survey showed on Tuesday.
United Kingdom Chancellor George Osborne stands by his financial policies, in spite of figures which show the UK economy has shrunk by 0.5 percent and concerns Britain is facing a recession.
Wheat sales for the 2009-2010 season in Argentina are primarily from the crop harvested through January 2010, which was curbed by water shortages, reports Bloomberg.
Adjusting to the “new reality,” was top of the agenda at the World Economic Forum on Tuesday. Some 2,500 business leaders, politicians and social activists are looking forward, while trying to anticipate unexpected shocks, it was reported.
The International Monetary Fund (IMF) has warned of the risks of inflation and overheating of the economy in Latin America, at a forum held in Paris.