Inflation in Uruguay was not only far above target domestically but also figures among the ten highest in the world, and in Latam only behind Argentina and Venezuela
Brazil's government just met its inflation target for 2011, which was a surprise victory forPresident Dilma Rousseff and for a central bank that struggled for most of the year with rising food and commodities prices. However it is the highest inflation since 2004.
Spain’s new Conservative Government announced this week a wide ranging plan against fiscal fraud and tax evasion by which it hopes to recoup over 8 billion Euros for treasury coffers in 2012 alone. And it has also announced it will be engaging countries which have ceased to be tax-havens in order to step up the Government’s efforts against tax evasion in Spain.
The Brazilian subsidiary of automaker Ford has unveiled a new version of its EcoSport SUV and says it will be sold in close to 100 countries. The car was introduced Wednesday in the Brazilian capital and at the Auto Expo show in New Delhi.
Brazil's Rio de Janeiro state placed emergency teams on maximum alert as heavy rains that have displaced 35.000 residents were forecast to continue, reviving fears of mudslides and flooding that killed about 900 people last year.
Brazil must expand electricity production over the next decade by an amount equivalent to the power generated by three Itaipú hydroelectric dams, according to a study released Wednesday by the state-run Energy Research Corporation, EPE.
Brazil last year recorded the second-largest dollar inflow in its history, 65.2 billion dollars, up 168% from 2010, with most in the form of foreign investment, the Central Bank said on Wednesday.
Brazil announced it will continue to receive different meats from the whole territory of landlocked Paraguay with the exception of the country of San Pedro were an outbreak of foot and mouth disease was confirmed this week, the second in four months
Mercosur soybean production is expected to fall 2.9% after dry weather and heat damaged crops in Brazil and Paraguay and as conditions deteriorate in Argentina, Hamburg-based industry researcher Oil World said.
Brazilian auto sales rose 2.9% to a record 3.4 million units in 2011, compared with the previous year, the daily O Estado de S. Paulo reported Tuesday, quoting industry sources.