The International Monetary Fund will use estimates from the private sector and provincial governments to measure economic growth and inflation in Argentina, underscoring the IMF distrust of official data.
The United Nations launched on Monday an all-out attack on non-communicable diseases (NCDs) such as cancer and diabetes with a summit meeting devoted to curbing the factors, like tobacco and alcohol use, behind the often preventable scourge that causes 63% of all deaths.
Brazilian major oil corporation Petrobras has discovered oil and natural gas accumulations in the ultra-deepwater of the Sergipe-Alagoas Basin offshore northeast Brazil.
Last Sunday outside of Germany and probably Eastern Europe the feat was ‘uneventful’, but the Pirate party ‘captured’ 15 seats in Berlin’s state assembly with 8.5% of the votes humiliating major parties such as the Free Democrats and landing Chancellor Angela Merkel yet another political setback.
Argentine President Cristina Fernández de Kirchner was invited to visit Chile during a meeting she held in New York City with her Chilean counterpart Sebastián Piñera on the sidelines of the UN General Assembly.
IATA, (International Air Transport Association) announced an upgrading of its industry profit expectations to 6.9 billion dollars, up from 4 billion projected in June. IATA emphasized that, despite the improvements, profitability at these levels is still exceptionally weak (1.2% net margin) considering the industry’s total revenues of 594 billion dollars.
Robust growth over the past decade in Latin America and the Caribbean (LAC) has had one new, key driver: China. The region’s relationship with the Asian giant has proved to be a critical source of stability, both during the global economic crisis of two years ago, the greatest since the Great Depression, and even the current market turmoil that is rolling across Europe and the United States.