The US Federal Reserve officials said they plan to begin trimming the central bank's stimulus efforts in the coming months. They believe that the US recovery is strengthening, according to minutes their October meeting.
Fiat Argentina CEO Cristiano Rattazzi said that Argentina is on fire because of inflation and called on the newly appointed cabinet chief Jorge Capitanich and Economy minister Axel Kicillof to work hard to bring inflation down.
Argentina's flag carrier Aerolíneas Argentinas CEO Mariano Recalde said that the company's goal, as requested by president Cristina Fernández, was to provide a quality service over profit.
The United States Senate Banking Committee approved on Thursday Janet Yellen's nomination to become the first woman to lead the Federal Reserve, sending it to the full Senate for a final vote. If she is confirmed, as is widely expected, the current No. 2 at the central bank will replace its chairman, Ben Bernanke, when his term expires on January 31, making her the most powerful woman in world finance.
In what seems a partial contagion of what is happening in Venezuela, Bolivian President Evo Morales announced that he will double the Christmas bonus for Bolivia’s public employees which will be the equivalent of two months extra salary.
One of the Falklands leading Seafood Companies, Fortuna, has invested in a pilot brown trout farm facility in the Falkland Islands. The project is lead by Simon Hardcastle, a Falkland Islander with experience of fish farming both in Scotland and in earlier projects in the Islands.
For Mercosur it is absolutely crucial that the trade and cooperation agreement with the European Union becomes effective said Uruguayan Vice-president Danilo Astori who indicated that Brazil and Uruguay are advancing the agreement at a faster speed than Argentina, which is involved in a more protectionist focus.
Brazil's jobless rate fell to 5.2% in October from 5.4% the previous month, despite sluggish economic growth, official statistics released Thursday showed. In October of 2012, the rate stood at 5.3%, according to the Brazilian Institute of Geography and Statistics (IBGE). Brazil experienced record low unemployment of 4.6% last December.
The Organization for Economic Cooperation and Development, OECD, cut its forecast for global economic growth through next year and warned that fiscal and monetary policy decisions looming in the U.S. could derail the recovery. OECD said world economic output would expand 2.7% this year and 3.6% in 2014, down from May's forecast of 3.1% and 4%.
US consumer prices fell 0.1% in October as petrol prices dropped, the US Labor Department has said. Petrol prices fell 2.9%, the biggest drop since April. The cost of new cars, clothes and healthcare also fell. The decrease meant that annual inflation in the 12 months to October was just 1%.