Deutsche Bank anticipates a significant slowdown of the Uruguayan economy for 2009, with weakening domestic demand growth and investment plus fiscal deterioration. The German bank estimates that Uruguay's GDP will expand 10.5% in 2008 but fall back to 3% next year.
The Argentine Supreme Court ruled this week as unconstitutional an article of the trade unions law, which says that workers wishing to be elected as shop stewards must be card-carrying members of unions with legal status.
Thousands of Chilean public sector employees began a two-day strike on Tuesday to demand higher wages to counter the highest inflation in 14 years.
A deal on the Doha round of trade talks could be reached within weeks and a summit of industrial and emerging countries this weekend must send a clear signal to achieve this, the EU top trade official said.
Mercosur country members are in a more solid position to face the global financial crisis that rich nations, said Brazilian president Lula da Silva who nevertheless called for a stronger trade links among its members.
The Bureau of the Alliance of Liberals and Democrats for Europe (ALDE) began this week a three day meeting in Gibraltar under the theme of Gibraltar in the EU.
In spite of the global financial crisis Chile expects this summer season a significant increase in the number of Argentine tourists in the range of 300.000, according to the country's Tourism Office, Senatur.
A United Nations-backed conference of major wheat producing countries has concluded with a call for urgent international action prevent and control a dangerous fungus that can cause heavy damage to wheat crops and threatens food security.
Argentina launched on Wednesday a tax rebate program aimed at boosting the reserves, production and refinement of crude oil.
President-elect Barack Obama named former Secretary of State Madeleine Albright and former Republican Representative Jim Leach as his emissaries at the international economic summit hosted by President George Bush in Washington on November 14/15.