United States Federal Reserve will buy up more debt if the outlook worsens appreciably, minutes from its August meeting have revealed. The central bank preferred to purchase US government bonds, but did not rule out buying further mortgage debts.
Caterpillar Inc. (NYSE: CAT) announced Wednesday the expansion of its manufacturing operations in Brazil capitalizing on the expected growth of demand in the Mercosur regional block and Latin America.
The Chilean peso rose on the first day of September, --and now stands at 500 to the US dollar--, as accelerating manufacturing growth in China improved the outlook for Chile’s raw material exports, mainly copper.
The U.S. Federal Reserve Board announced it has approved the application by China Investment Corporation (CIC) to buy up to 10% of voting shares of investment giant Morgan Stanley.
Surging wheat prices drove international food prices up 5% last month in the biggest month-on-month increase since November 2009, FAO announced. The FAO Food Price Index (FPI) averaged 176 points in August, up nearly nine points from July, FAO said in its latest update on the global cereals supply and demand situation.
Canada is “satisfied” with contacts held with the Argentine government for the possible beginning of discussions regarding a free trade agreement with Mercosur, said Canadian International Trade minister Peter Van Loan said at the end of a tour of four Latin American countries
Brazilian industrial production output experienced an increase of 0.4% in July from a month earlier, which is less than expected according to a report released by the Brazilian national statistics bureau IBGE in Río de Janeiro, compared with a 1% decline in June.
Brazil’s JBS, the world's top beef producer is trying to sell three of its Argentine plants due to government policies that have depleted cattle stocks and supply and hurt profits, a trade group said on Tuesday.
Colombian president Juan Manuel Santos arrived Tuesday in Brazil for an official two-day state visit that begins Wednesday with a meeting with President Lula da Silva to address a regional political agenda and strengthen bilateral trade.
As many as 23 million men and women in the EU were unemployed in July, according to data released by Eurostat on Tuesday. Of these, 15.833 million are from the Eurozone countries.