Manufacturing in Argentina fell 6.8% in October year on year, while construction declined 3.7%, and in the first ten months of this year 2.5% and 4.9% respectively according to the Indec statistics bureau report. Firms were hit hard by a contraction in economic activity and the devaluation of the Peso against the US dollar.1 comment
Tempers flared at the International Whaling Commission (IWC) on Thursday as it voted to back a Brazilian proposal which would safeguard whales in perpetuity, after a bitter debate. The biennial meeting of the 89-nation body passed the host country's “Florianopolis Declaration” which sees whaling as no longer being a necessary economic activity.
Brazil’s economy grew at its fastest pace in 19 months in November, reversing a three-month contraction, as a recovery in consumer spending helped Latin America’s largest economy shrug off a global slowdown. Yields on interest rate futures rose.