World Bank President Robert Zoellick said he sees tensions arising from currency devaluations as nations seek to boost their economies, though he doesn’t expect them to turn into “wars.”
Uruguay’s gross public sector debt contracted in the second quarter of the year after five consecutive periods of sustained increase and now stands at 21.885 billion US dollars equivalent to 59.5% of GDP.
Spain could face a crisis similar to that of Argentina back in 2001 because of its incapacity to create jobs and reduce the fiscal deficit, which makes it an easy prey for international speculators.
Most Irish people think the worst is yet to come for their economy and only a minority thinks a change of government could improve the situation, a poll showed.
The Chilean government could see its copper-related income nearly double this year, according to Gustavo Lagos, of the Mining Centre at Universidad Catolica.
A new report by the research arm of the International Labour Organization (ILO) says a long “labour market recession” is worsening the social outlook in many countries.
Chilean president Sebastian Piñera on Thursday reiterated that next year's budget would aim to ease a rapidly appreciating currency that is hurting the country’s exporters.
Brazil’s broadest measure of inflation rose the fastest since May in September. Construction, consumer and wholesale prices, as measured by the IGP-M index, rose 1.15% this month.
JBS the world’s leading meat producer and distributor said it “temporarily” regrets having invested in Argentina since the lack of sufficient prepared cattle has forced the closure of several plants and the redundancy of 480 workers.
Integrated Peruvian, Chilean and Colombian stock-exchange operations are set to begin November 22 announced the president of Peru's stock exchange Roberto Hoyle who said that the integration would attract investors and increase competitiveness .The integration will be an important step to increasing attractiveness and competitiveness, as well as greater capital flows, said Hoyle.