Argentina's Senate Wednesday passed the food emergency bill submitted by the opposition parties as protests mount against the inflationary policies carried out by the administration of President Mauricio Macri, who is yet to sign the draft into law and has hinted he would do so without exerting his veto powers.
Effective this Thursday, the government of Argentina agreed to defreeze the price of fuel and thus authorize a 4 percent increase after yielding to pressure from province governors and oil companies as the barrel of crude also goes up globally.
The Central Bank of Uruguay (BCU) released the report of the country's quarterly economic situation, which reports that the Uruguayan economy grew by only 0.1% year-on-year and 0.3% in the second quarter of the year, compared to the first three months of the year, when it registered a 0.1% drop.
Unions representing workers at Brazil's aircraft factory Embraer are ready to go on strike indefinitely strike as salary bargaining seems to be deadlocked. The measure could start as early as next Monday, sources at the company's commercial aircraft plant in São José dos Campos confirmed on Wednesday.
Brazilian President Jair Bolsonaro telephoned Economy Minister Paulo Guedes from hospital this week to express his opposition to the creation of a new “CPMF” financial transactions tax, Guedes said on Friday.
US stocks tumbled into the red on Monday as attacks on Saudi crude production and record jumps in oil prices whipped up investor anxieties about the global economy.
Deputy-level US-China trade talks are scheduled to start in Washington on Thursday, the US Trade Representative's office said on Monday (Sep 16), paving the way for high-level talks in October aimed at resolving a bitter trade war.
The International Monetary Fund has a tough choice to make in Argentina: unlock US$5.4 billion in funds under the country’s loan deal as the government strains to stave off default, or hold the money back and risk sparking more market panic.
Brazilian beef' packer Marfrig Global Foods SA said it is in the process of hiring 400 people to work at its Promissão plant in the state of São Paulo as Chinese demand warrants an increase in meat production.
US internet giant Google has agreed a settlement totaling €945 million (US$1 billion) to end a tax dispute in France under an agreement announced in court on Thursday. The company will pay a €500 million fine for tax evasion, as well as a further €465 million to settle claims with French tax authorities.
ECB slashes rates to its lowest and introduces quantitative easing to stimulate the European economy
The European Central Bank announced a sweeping round of stimulus for the continent's slowing economy, cutting interest rates to their lowest ever level and introducing a round of quantitative easing.
Havana awoke on Thursday to long lines at gas stations and public transportation stops after President Miguel Diaz-Canel warned fellow Cubans to expect fuel shortages and blackouts that he blamed on US sanctions.
Argentine lawmakers on Thursday unanimously approved a draft emergency food law to free up resources for social programs amid a worsening economic crisis. The bill, yet to be approved by the Senate, would provide a 50 percent increase in food assistance programs to growing numbers of poor.
Brazil’s soybean sowing season for the 2019-20 harvest is officially underway, but there might not be too many planters out in the fields just yet as conditions are extremely dry.
Argentina's central bank this week announced further currency controls in an effort to tame speculation and stem a spiraling debt crisis in Latin America's third-largest economy.
Prices in Argentina shot up last month after a shocking primary vote plunged the peso, reversing four months of declines.
Following a US judge decision to keep a Peruvian ex president in jail, the former ex first lady is dragged out of the courtroom
A former Peruvian first lady was dragged out of a courtroom in San Francisco on Thursday as she cursed a judge's decision to keep her husband, ex-president Alejandro Toledo, in jail pending extradition proceedings.
Privately run Chinese firms bought at least 10 boatloads of U.S. soybeans on Thursday, the country's most significant purchases since at least June, traders said, ahead of high-level talks next month aimed at ending a bilateral trade war that has lasted more than a year.
Argentina's inflation rate is expected at 53% in December 2019, but will fall back to 34% the following year, according to projections in the forthcoming 2020 budget, treasury officials said this week.
The International Monetary Fund is continuing talks with Argentina as authorities there try to stem spiraling economic problems in Latin America’s third-largest economy, IMF spokesman Gerry Rice told reporters on Thursday.