Argentina's economy grew 2.3 percent in January from a year earlier, the lowest monthly rate in more than six years as the global crisis hits home, according to the latest release from the government.
United States Treasury Secretary Timothy Geithner has outlined far-reaching plans to strengthen government authority over the US financial system. The measures are designed to prevent the kind of systemic risk-taking among banks that has contributed to the current financial crisis.
Chile’s flag carrier LAN is committed to keep Magallanes region connected with the rest of Chilean regions said LAN National Routes manager Vlamir Domic during this week’s visit to Punta Arenas.
Japanese Finance Ministry officials said the nation's exports saw a nearly 50% decline in February from the previous year, the country's sharpest slide in more than two decades.
Mervyn King, the governor of the Bank of England, has cautioned against further significant government spending to stimulate the economy. Given the high levels of UK debt as a result of recent stimulus packages, Mr King questioned the wisdom of increasing debt by spending more.
International Monetary Fund Managing Director Dominique Strauss-Kahn said on Wednesday a discussion over China’s call for a new world currency is “absolutely legitimate” and is likely to take place in the coming months.
Latinamerica’s economy will enter in recession this year as the average of the rest of the world economy IMF director for the Western Hemisphere Nicolas Eyzaguirre said on Wednesday.
United Kingdom Prime Minister Gordon Brown has urged world leaders at next week's G20 summit to take action to reform the global banking system. The London summit must ensure strong growth and recovery, and particularly jobs in the world economy, he said.
Boosted by international and domestic demand Uruguay’s economy expanded for the sixth year running having recorded last year, 8.9%, according Central Bank president Mario Bergara.
As the global economic slowdown begins to bite remittances to Latin America this year will fall for the first time since the Inter-American Development Bank, IDB, began measuring the money flows in 2000, reported the bank.