Uruguay is the country in Latin America and the Caribbean which experienced the highest percentage increase in direct foreign investment during the first half of the year, according to the latest report from the United Nations Economic Commission for Latin America and the Caribbean, Cepal.
Brazil said on Wednesday it was worried by the US Federal Reserve's plan to buy billions more dollars in bonds, saying the US policy of easy money could lead countries to enact protectionist policies.
Colombia’s government and central bank announced new measures to stem a rally in the peso after President Juan Manuel Santos expressed concern its appreciation is hurting exporters and job growth.
The World Bank has raised its growth forecasts for the Chinese economy. However the bank warns of risks from the surging property market and bank lending.
The Spanish newspaper El Pais is strengthening its presence in Latin America after starting this week with an edition in Chile that will be distributed together with the Santiago daily La Tercera.
The Federal Reserve announced Wednesday it will pump 600 billion US dollars into the US economy by the end of June next year to try and boost the fragile recovery. The stimulus equates 75 billion USD a month, slightly more than economists had expected.
Argentine president Cristina Fernandez de Kirchner (CFK) vindicated and praised the economic model launched by her husband and predecessor, deceased former head of state Nestor Kirchner. She also promised to deepen the model.
China’s sovereign wealth fund has urged the Obama administration to spend 1trillion US dollars on infrastructure over the next five years, to create jobs and improve US competitiveness.
Uruguayan exports expanded over 20% in value during the first ten months of the year with Brazil consolidating as the country’s main trade partner, according to a report from Uruguay’s Exporters Union.
The death of former Argentine President Nestor Kirchner creates “great uncertainty” in South America’s second-biggest economy and a rally in stocks and bonds may have been unwarranted, the World Bank’s chief economist for Latin America said.