Economy

Monday, March 12th 2012 - 07:29 UTC
End of a long stormy relation: IMF to close office in Buenos Aires

In a surprise move the IMF has decided to close its office in Buenos Aires and Argentine issues will be managed and formally addressed from Peru, according to a report from La Nacion, quoting IMF sources.
Saturday, March 10th 2012 - 05:20 UTC
Remittances to Latam and Caribbean picked up in 2011 and reached 61 billion

Latin American and Caribbean migrants sent 61 billion dollars in remittances to their home countries last year, up 6% from 57.6 billion in 2010, according to a report released today by the Multilateral Investment Fund (MIF), a member of the Inter-American Development Bank group.
Saturday, March 10th 2012 - 04:52 UTC
Brazilian fiscal benefits for industry to prop the economy and help competition

The Brazilian government that this week promised an ‘arsenal’ of measures to counter the effects of the international crisis and prop the economy will reduce the tax burden for several industries, revealed a Sao Paulo newspaper close to the current administration.
Saturday, March 10th 2012 - 04:47 UTC
Argentine labour disputes are bogging down shipments of soy and grains

Crews needed to guide ships through Argentine ports will stay off the job until more staff is assigned to work busy docking shifts, a union leader reiterated on Friday.
Saturday, March 10th 2012 - 04:38 UTC
Vatican says it is complying with anti money laundering recommendations

The Vatican on Friday sought to explain its presence for the first time on a US list of countries that are a potential hub for money laundering, saying it was only natural to be included given its recent efforts to conform to international standards.
Friday, March 9th 2012 - 06:19 UTC
Argentine government and YPF clash over the company’s dividends policy

The relationship between the Argentine Government and the Spanish Repsol-YPF oil company continues to strain in spite of recent announcements and contacts to try and cool the situation.
Friday, March 9th 2012 - 03:17 UTC
Euro zone growth forecasted to shrink by 0.5% this year, says Dragui

The European Central Bank downed its Euro zone growth forecast after holding interest rates at record lows on Thursday, and said things would have been much worse without its dramatic action to pump a trillion Euros into the banking system.
Friday, March 9th 2012 - 03:12 UTC
Argentine ‘non official’ February inflation: 1.65% and 22.75% in twelve months

February inflation in Argentina according to an average of private agencies which is released monthly by members of the Congressional opposition was 1.65%, climbing to 22.75% in the last twelve months. The official Indec inflation is scheduled to be released next March 13.
Friday, March 9th 2012 - 01:12 UTC
Latam vulnerable to trade shocks and highly China-dependent, warns IIF

Economic growth in Latin America should speed to 4.5% in 2013 thanks to monetary stimulus and steadier global conditions, raising the risk of policy complacency, the Institute of International Finance said on Thursday.
Friday, March 9th 2012 - 00:20 UTC
Chilean inflation on target, in spite of February’s spike, says minister

Chilean inflation accelerated in February fuelled by transport and food costs, reinforcing expectations the central bank will hold its key interest rate steady next week.