Economy

Tuesday, May 31st 2011 - 22:47 UTC
Brazil and Paraguay with record crops of soy beans and export volumes

Mercosur members Brazil and Paraguay harvested unprecedented soy crops this year while Argentina’s results are disappointing limiting its exports, according to the latest report form Hamburg based Oil World.
Tuesday, May 31st 2011 - 08:43 UTC
Uruguay and Brazil pledge full support for Mercosur and Unasur

Uruguay and Brazil pledged Monday to continue strengthening the bilateral relation and regional integration through Mercosur and Unasur, after presidents Jose Mujica and Dilma Rousseff delegations signed fifteen cooperation agreements in Montevideo.
Tuesday, May 31st 2011 - 08:35 UTC
Lagarde pledges in Brazil to give emerging economies more clout in the IMF

French Finance Minister Christine Lagarde pledged to push reforms to give Brazil and other emerging economies more influence at the International Monetary Fund as she kicked off a worldwide tour to win support for her candidacy to lead the global lender.
Tuesday, May 31st 2011 - 08:22 UTC
Industry ministers meet in Brasilia to address Argentina/Brazil trade differences

Argentine Industry Minister, Debora Giorgi, and her Brazilian counterpart Fernando Pimentel will meet this Thursday in Brasilia in order to discuss a possible solution for the trade conflict currently affecting Brazil and Argentina
Tuesday, May 31st 2011 - 08:13 UTC
Fiat was saved from collapse by sales in Latin America admits CEO Marchionne

Fiat and Chrysler Group president Sergio Marchionne said on Monday that car sales in Latin America saved the corporation’s balance sheet last year and announced an overall increase in car sale operations in accordance with regional demand.
Tuesday, May 31st 2011 - 08:06 UTC
Strong tendency to lower inflation in coming months is forecasted in Brazil

Brazil Central Bank head of Monetary Policy Aldo Mendes anticipated Monday that inflation in the coming two/three months will be almost flat, close to zero and supported his forecast on the food prices inflexion tendency.
Tuesday, May 31st 2011 - 07:47 UTC
Brazil plans massive infrastructure investment in next four years

Brazil’ president of the Economic and Development Bank, BNDES, Luciano Coutinho said that the country’s investment rate in the coming four years will be equivalent to 23% of GDP, sufficient to ensure a sustained robust long term growth of Latin America’s largest economy.
Tuesday, May 31st 2011 - 07:43 UTC
China: Yuan at record high against US dollar; Power shortage and higher prices

China's Yuan has hit a record high against the US dollar after the US Treasury department said the Chinese currency was undervalued but not manipulated. The People's Bank of China (PBOC) fixed the Yuan's mid-point at 6.4856 against the US dollar on Monday.
Tuesday, May 31st 2011 - 03:02 UTC
Major setback for Mexican telecommunications tycoon and richest man in the world

Telefonos de Mexico SAB, the country’s largest phone carrier plunged the most in the stock market since December 2008 after the government rejected its application to start offering video services.
Monday, May 30th 2011 - 06:05 UTC
Ex Brazilian minister calls for treating Argentina gently, “not with a cannon ball”

Former Brazilian Industry and Foreign Trade Minister Miguel Jorge decided to weight in on the bilateral trade conflict currently affecting Brazil and Argentina, and surprisingly came out in defence of the Cristina Fernández de Kirchner administration, comparing President Rousseff’s move to impose non-automatic licenses on car and auto-parts imports as “firing a cannon ball.”