Economy

• Thursday, September 15th 2011 - 21:08 UTC

  One out of every four US Hispanics is living in poverty, shows 2010 Census

  

  One out of every four US Hispanics – 13.2 million people – is living in poverty, according to a report based on the US 2010 Census data that was released this week.

• Thursday, September 15th 2011 - 21:03 UTC

  Obama defends his policy towards Latin America and praises Mexico

  

  US president Barack Obama defended his Latin American policy, praised Mexico’s resilience in the drugs war, criticized Cuban reforms as insufficient and emphasized the ‘equals-relation’ between countries in the region and Washington.

• Thursday, September 15th 2011 - 20:52 UTC

  JPMorgan lowers Latin America’s growth estimate for 2012 to 3.5%

  

  US bank JPMorgan lowered Latin America’s growth estimate for 2012 from 3.9% to 3.5% mainly because of the impact of the slower EU and US economies, even when the Latam reduction is less than in other regions of the world.

• Thursday, September 15th 2011 - 19:05 UTC

  Uruguay’s second quarter slowdown surprised economic consultants’ estimates

  

  Uruguay’s main economic consultants admitted they missed, and by quite a margin, their Uruguayan economy performance estimates for the second quarter which according to the Central bank only expanded 0.5%.

• Thursday, September 15th 2011 - 19:02 UTC

  IMF calls for joint political leadership to break vicious circle of weak growth

  

  The head of the International Monetary Fund today urged advanced countries to take bold, coordinated action to break a vicious cycle of weak growth and high debt that threatens the global economy and has been worsened by dysfunctional politics.

• Thursday, September 15th 2011 - 18:52 UTC

  Lagarde to Mantega: BRIC offer should not be limited to EU safe bonds

  

  The International Monetary Fund hopes investments in European bonds by the fast-growing BRIC (Brazil, Russia, India and China) economies are not limited to less risky government bonds such as German or British bonds, IMF managing director Christine Lagarde said in an Italian daily on Wednesday.

• Thursday, September 15th 2011 - 18:47 UTC

  US unemployment benefit applications climb for second week running

  

  The number of Americans filing new claims for jobless benefits rose unexpectedly last week in a sign concerns about a weak economy were sapping an already beleaguered labour market, data showed Thursday.

• Thursday, September 15th 2011 - 18:39 UTC

  Major Central banks come to the rescue of Euro commercial banks

  

  Major central banks around the world will cooperate to offer three-month US dollar loans to commercial banks in order to prevent money markets from freezing up because of Europe's sovereign debt crisis.

• Thursday, September 15th 2011 - 17:03 UTC

  Mercosur is not working, good relations between two presidents ‘are not enough’

  

  President Jose Mujica admitted to Uruguayan manufacturers and farmers that with recurrent Argentine and Brazilian obstacles to trade “it’s very hard to make Mercosur function” and good relations between presidents “are not enough”.

• Thursday, September 15th 2011 - 07:21 UTC

  Paraguay accuses Argentina of ‘systematically ignoring” Mercosur

  

  The Paraguayan delegation before Mercosur Parliament, Parlasur, accused Argentina of “systematically and permanently ignoring the Asuncion Treaty” (the founding charter of Mercosur).