Economy

Monday, November 14th 2011 - 17:11 UTC
Mexican remittances rose in September at fastest pace in five years

Mexican remittances rose at the fastest pace in five years in September as immigrant workers took advantage of the Peso’s decline to send more money to relatives, according to the Mexican Central bank.
Monday, November 14th 2011 - 16:48 UTC
Uruguay has become an IMF creditor and contributed to bail-out Ireland

Uruguay has become a net creditor of the International Monetary Fund and given this condition has helped in the bailing out of such countries as Ireland and Angola, revealed a top authority of the Central Bank during a hearing before the country’s Senate’s Finance Committee.
Monday, November 14th 2011 - 07:37 UTC
Uruguay fears fall in value of the Argentine Peso could impact summer season

In the last eleven days the Argentine Peso has fallen almost 20% in neighbouring Uruguay where it has sounded alarm bells ahead of the coming season when hundreds of thousands of Argentines flood Uruguayan beaches.
Saturday, November 12th 2011 - 12:46 UTC
Brazil’s October consumer inflation down but still above target

Consumer price increases slowed month-on-month in Brazil in October, according to the Brazilian Institute of Geography and Statistics, IBGE. The official IPCA consumer price index gained 0.43% in October compared with a 0.53% rise in September.
Saturday, November 12th 2011 - 12:45 UTC
Brazil eases capital requirements for some consumer loans

Brazil’s central bank cut capital requirements for some consumer loans with maturities of up to five years, including car loans, as it seeks to fine tune measures taken last year to prevent excessive risk in the financial system.
Saturday, November 12th 2011 - 11:19 UTC
“Super” Mario Monti to the rescue of foundering Italy (and the Euro)

The man who is ready to succeed outgoing Silvio Berlusconi as Italy’s next Prime Minister is a well respected economist and tough negotiator “Super” Mario Monti.
Saturday, November 12th 2011 - 09:53 UTC
Argentina expects soy crop of 49.5 million tons and 30 million tons of corn

Argentina's 2011/2012 soy harvest is seen at 49.5 million tons, down from 50.3 million tons last season, the Rosario Grains Exchange said in its monthly crop report on Friday.
Saturday, November 12th 2011 - 09:51 UTC
Argentine official October inflation 0.6%; the congressional index, 1.6%

Argentina's official inflation was reported at 0.6% in October, breaking with 18 straight months of consumer prices reported at either 0.7 or 0.8%, the government reported on Friday.
Friday, November 11th 2011 - 08:32 UTC
Economist warns Latam to prepare for the chain effect of a Euro collapse

The Secretary-General of the Ibero-American Secretariat Enrique Iglesias, warned Thursday that the EU crisis could reach as far as Asia and Latin America, and that preventive measures should be taken.
Friday, November 11th 2011 - 08:28 UTC
Puyehue volcanic ashes are back forcing delays in Buenos Aires and links to Chile

Buenos Aires City two main air terminals, Ezeiza and Aeroparque faced on Thursday disruptions and flight complications because of the presence of the ash cloud from the Chilean Puyehue volcano, affecting particularly Patagonia to the south of Argentina and links with Santiago de Chile.