Brazil Central Bank announced on Thursday further measures to ensure liquidity and support the local currency Real. The bank expanded the list of securities it will accept to free up reserve requirements on term deposits and took new measures to ensure that banks that borrow from its discount window provide credit lines to exporters
Latinamerica will grow 3% in 2009, below the 4 to 4.5% forecasted for this year said on Friday the president of the Inter-American Development Bank (IDB) Luis Alberto Moreno.
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A consortium of five Japanese steelmakers and a South Korean trading firm will invest 3.1 billion US dollars to acquire 40% of a Brazilian iron ore mining company Mineiros S.A. to secure supplies of iron ore, trading house Itochu Corp. announced Friday.
Chile's Forestry Corporation, Conaf is reforesting the 15.000 hectares from the world famous Torres del Paine national park in Chilean Pataogonia which were devastated by fire in February 2005, according to Punta Arenas La Prensa Austral.
A long established traditional farm in Chilean Tierra del Fuego in the Timaukel area, has been sold closed gate to a group of Chilean investors for which they paid the equivalent of almost 20 million US dollars.
Brazil's central bank will offer credit lines in foreign currencies as of next week in a bid to ease a credit crunch afflicting the country's exporters, the bank's president, Henrique Meirelles announced on Friday.
The German Institute Alfred Wegener said on Friday that a scientific expedition for the first time was able to navigate the fabled Northwest Passage linking the Atlantic and the Pacific oceans along Arctic waters bordering Russia and North America because they were free of ice
The global financial crisis is likely to delay a deal between Argentina and holdout creditors who rejected a 2005 debt swap, leaving the country to rely heavily on domestic sources to confront its financing needs next year.
All 27 European Union states broadly support the bank rescue plan proposed for the bloc and the holding of a world finance summit, France's president has said.
The chairman of the US Federal Reserve said on Wednesday the US economy will eventually emerge from the financial crisis with renewed vigour, but warns it will not happen quickly.