Geopolitics has taken over the oil market, driving oil prices up to three-year highs. The inventory surplus has vanished, and more outages could push oil prices up even higher. Yet, there are some signs that demand is starting to take a hit as oil closes in on $80 per barrel.
Two biannual reports revealed Chile as one of the countries with the worst pension statistics and the highest citizen out-of-pocket expenditure on health among Organization for Economic Cooperation and Development (OECD) nations.
On the brink of Chile's presidential elections, 17 November, US business magazine Forbes has published an article warning voters that electing Michelle Bachelet of the Socialist Party (PS) would put an end to the Chilean “economic miracle.”
Spanish Foreign Minister José Manuel García-Margallo has long been a vocal critic of Gibraltar’s competitive tax framework, denouncing the Rock as “a tax haven” despite its recognised compliance with international standards set by the EU and the OECD, among others.
Chief Minister Fabian Picardo has told German readers of Frankfurter Allegmeine Zeitung that he is firmly convinced that Gibraltar will never be Spanish because today’s Europe is about the people rather than the states.
Fitch Ratings in March joined two other major ratings agencies in giving Uruguay its coveted investment grade, a move that lowers the nation’s borrowing costs and opens up opportunities for new investors.
Economics and finance experts said Latin American must address structural reforms as part of the essential process to consolidate as an economic power and look after the Asian market.
Global growth is set for a sharp slowdown next year and the Euro zone debt crisis “remains the greatest threat to the world economy at present,” the OECD warned on Tuesday. In its latest Economic Outlook the OECD also cautioned that “the risk of a new major contraction cannot be ruled out” after a global slump in 2009.
Argentines and Brazilians pay the most tax in Latin America while Venezuelans pay the least, according to a report from the Organisation for Economic Co-operation and Development (OECD), released on Tuesday.
China is projected to overtake the US to become the world's largest economy as early as 2016, according to a report by the Organization for Economic Co-operation and Development (OECD) released on Friday.