The United States economy is growing so slowly that it will take years to wrench lofty unemployment rates back to normal levels, Cleveland Federal Reserve Bank President Sandra Pianalto said.
Argentina is undergoing a “corn planting boom” because of its more diversified market opportunities which help to ease the full impact of the export quotas system imposed by the government of Cristina Fernandez.
Asian stocks fell on Friday, following the trend on global markets, on continuing worries that the US economy could slide back into recession and the Euro debt crisis remains latent.
The Chilean central bank held its benchmark rate steady at 5.25% on Thursday for a second month running as inflation expectations ease and the global outlook darkens, boosting bets it has ended its rate hike cycle early.
Stock markets across Latin America, led by regional heavyweight Brazil, fell sharply Thursday as recession fears sent global markets down. Meanwhile the spot price of gold hit yet another record high of just below 1.829 dollars an ounce.
Colombia/Argentina bilateral trade is set to reach 2 billion dollars, eight times its 2003 value, and remains favourable for Argentina, according to Minister of Industry Debora Girogi.
The United States and Euro zone are dangerously close to recession, Morgan Stanley said on Thursday, criticizing policymakers and predicting the European Central Bank will have to reverse its rates policy.
The Canada-Colombia Free Trade Agreement which took effect on Monday August 15 is Canada's fourth bilateral trade deal with a Latin American country and eliminates tariffs on a range of goods and services in an effort to facilitate trade and investment.
According to a new report issued by Fitch Ratings, the magnitude of investments in infrastructure during the next decade will provide unprecedented levels of opportunity for Latin American construction companies with the outlook for most companies in the industry being positive.
The Falkland Islands government and the local fishing industry have promised support for the maintenance of the containerised international freight services, which is expected to resume activities in the coming months.