Argentina's industrial production surged in September boosted by domestic demand and strong export markets. Industrial production rose 9.7% in September from the year-ago month, and was up 1.2% from August, the national statistics agency Indec reported Friday.
Chile will cut red tape on customs to help exporters hit by a strong peso as one measure to ease the effects of the currency's rapid appreciation, Finance Minister Felipe Larrain said on Thursday.
Brazil’s GDP may grow 7.5% this year, up from a previous estimate of 7%, the Finance Ministry said in a report published on its website Thursday. The ministry also raised its forecast for average growth between 2010 and 2014 to 5.9%, from 5.7%.
US Treasury Secretary Timothy Geithner told Brazil’s Finance Minister Guido Mantega that the Obama administration won’t allow the US dollar to weaken, Mantega said.
A thousand government officials and business executives from Latin America and the Caribbean, China, Japan and Korea participated Thursday in the opening session of the China-Latin American Caribbean Business Forum with high-ranking Chinese authorities and Inter-American Development Bank (IDB) executives.
President Evo Morales said on Thursday that Bolivia does not need foreign investors to develop an ambitious lithium carbonate project by 2014.
The Economist Intelligence Unit is predicting that in 2011 Brazil would move ahead of Italy into seventh place in the ranking of the largest world economies with a GDP of 2 trillion US dollars.
Brazil’s central bank kept its benchmark overnight rate unchanged Wednesday as policy makers gauge whether a peak in inflation is temporary. The policy committee, led by bank President Henrique Meirelles in a unanimous decision, left the rate at 10.75% for a second straight meeting.
Banco Santander SA, Spain’s biggest bank, said this week that it will sell 5% of its Brazilian unit to Qatar Holding LLC for 1.95 billion Euros (Approx. 2.7 billion US dollars).
Some companies in Chile have recently become involved in a movement to measure the impact of businesses on freshwater resources.