German finance minister Wolfgang Schaeuble warned that a veto of the Greek government's austerity plans by parliament this week could mean Athens will not receive a bailout tranche it needs to remain solvent.
Fitch Ratings raised Colombia to investment grade last week, becoming the third Wall Street agency to elevate the country this year to the coveted status, opening the door to a broader range of investors.
Ecuador’s bonds are rewarding investors with the best performance in Latin America as Chinese loans and higher oil prices boost confidence in the economy two years after the country defaulted on 3.2 billion US dollars in debt.
Canada and Mercosur agreed on Friday to hold exploratory talks to strengthen their relationship, Canadian Trade Minister Ed Fast said on Friday. Fast is currently in Asunción to promote bilateral trade and investments, and Paraguay currently holds the Mercosur chair.
Argentina’s economic activity level increased 9.1% in the first four months of the year compared to the same period of 2010 fuelled by domestic consumption, manufacturing and international trade, according to the country’s Statistics and Census Office, Indec.
Brazil's government, which has already begun the process of handing over airports to private investment, is now preparing 45 ports to be licensed to operators, Estado de S Paulo newspaper reported Friday.
Chinese premier Wen Jiabao has said that China can control inflation and maintain its robust growth. Writing in the Financial Times, Mr Wen said price rises will be firmly under control this year.
The United States economy grew at a 1.9% pace in the first quarter marking the start of what Federal Reserve policy makers anticipate is a temporary slowdown in growth.
Brazil's slow pace of preparation for the 2014 World Cup has come under attack from FIFA general secretary Jerome Valcke. Stadium development plus work on airports and the transport system are lagging well behind schedule.
European Union leaders said Croatia is ready to become the bloc’s 28th member, signalling peace in the Balkan region.