Tag: Latam

• Tuesday, September 27th 2011 - 22:42 UTC

  Latam currencies weakness ‘transitory’ says Mexican central bank

  

  Mexican central bank Governor Agustin Carstens said the Peso’s weakness is “transitory” and the currency is likely to resume its upward trend, along with other Latin American currencies.

• Tuesday, September 27th 2011 - 05:58 UTC

  World Bank reminds Argentina of G20 duties and urges payment of defaulted debts

  

  Argentina should pay its debt with the Paris Club group of creditor nations if it wants to continue receiving foreign investment, said Paolo Martelli, director for Latin America of the World Bank’s International Finance Corp, reports Buenos Aires daily La Nación.

• Monday, September 26th 2011 - 03:27 UTC

  Latin America situation ‘solid’ but not ‘immune’; watch the fiscal front, says IMF

  

  The head of the IMF for the Western Hemisphere Department Nicolás Eyzaguirre discards an outflow of capitals from Latin America as a consequence of the current global situation and pointed out that the region’s position is solid.

• Saturday, September 24th 2011 - 22:22 UTC

  Human Rights Watch praises “critical” support from four Latam countries

  

  Four Latin American countries, Argentina, Brazil, Chile and Mexico, have been identified among the seven most important countries on the UN Human Rights Council, in a report by the Human Rights Watch organisation.

• Friday, September 23rd 2011 - 07:50 UTC

  Latin American States at UN focus on financial crisis, suggest transaction tax

  

  Blaming speculation for the high price of food and oil, and arrogance and greed for the global economic crisis, the Dominican Republic called Thursday at the United Nations for new market rules and proposed a 5% tax on financial transactions to spur growth and prosperity.

• Thursday, September 22nd 2011 - 07:42 UTC

  Latin America and the Caribbean’s Long-Term Growth: Made in China?

  

  Robust growth over the past decade in Latin America and the Caribbean (LAC) has had one new, key driver: China. The region’s relationship with the Asian giant has proved to be a critical source of stability, both during the global economic crisis of two years ago, the greatest since the Great Depression, and even the current market turmoil that is rolling across Europe and the United States.

• Thursday, September 15th 2011 - 21:28 UTC

  Spanish corporations have 130 billion dollars invested in Latin America

  

  Foreign Minister Trinidad Jimenez emphasized this week the growing relevance of Spain in Latin America, where Spanish firms have made 130 billion Euros worth of investments.

• Thursday, September 15th 2011 - 21:03 UTC

  Obama defends his policy towards Latin America and praises Mexico

  

  US president Barack Obama defended his Latin American policy, praised Mexico’s resilience in the drugs war, criticized Cuban reforms as insufficient and emphasized the ‘equals-relation’ between countries in the region and Washington.

• Thursday, September 15th 2011 - 20:52 UTC

  JPMorgan lowers Latin America’s growth estimate for 2012 to 3.5%

  

  US bank JPMorgan lowered Latin America’s growth estimate for 2012 from 3.9% to 3.5% mainly because of the impact of the slower EU and US economies, even when the Latam reduction is less than in other regions of the world.

• Tuesday, September 13th 2011 - 07:26 UTC

  Fears of a Greek default spread uncertainty to world markets

  

  United States shares staged a late recovery on Monday to post only their second positive close of the month. Earlier, European and Asian markets fell on fears that Greece may default. In Latin America results were much in line with the US.