Brazilian Finance Minister Guido Mantega said foreign-based companies operating in Brazil should consider sending some profits home as the exchange rate is unlikely to remain as favorable as it is now.
A survey carried out in December 2009 found that Chile has 634,328 people (3.7% of the population) living in extreme poverty. Since 2006 this percentage has gone up by 0.5%, the first increase since 1990. Those affected are mainly in rural areas.
Uruguay pledged efforts to seek a stronger relationship with Beijing since “China is an essential factor in the international development of Uruguay”, said Vice-President Danilo Astori following an hour long meeting in Beijing with his counterpart Wu Bangguo, president of the National Assembly.
Venezuela's economy shrank 3.5% during the first half of 2010 compared to the same period a year earlier, the Central Bank said in a report that revealed a deep recession in the oil rich country ahead of September legislative elections.
A top International Monetary Fund official called for the creation of an emergency lending facility as part of a global toolkit aimed at preventing the spread of financial crises.
The Chilean mining industry has ridden the wave of rising copper prices to record major profit increases in the first half of 2010, with three important mining conglomerates showing profits of US$4 billion in that time period.
An Argentine company opened on Friday the country's first factory to make bio-diesel from algae, hoping to use it as a replacement for soy in making bio-diesel as part of a push for renewable energy.
Uruguay’s renowned sea resort Punta del Este will be hosting next December the 2010 Eurofruit Congress Southern Hemisphere. This is the first time the annual conference and exhibition event for the region’s fresh produce industry comes to Uruguay.
US economic growth slowed more sharply than initially thought in the second quarter, held back by the largest increase in imports in 26 years, a government report showed. GDP expanded at a 1.6% annual rate, the Commerce Department said, instead of 2.4% percent pace it had estimated last month.
Bank of Brasil, Latin America’s biggest bank by assets plans the acquisition of banks in Chile and the United States and is holding negotiations to further expand in Peru, Colombia and Uruguay, said Aldemir Bendine the bank’s CEO.