economa News
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By AFP
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As the destruction of the Amazon rainforest and Pantanal wetlands bruise Brazil's international image, bankers, business executives and even agribusiness firms are calling for a greener economy, adding to pressure on President Jair Bolsonaro.
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By AFP
Santiago -
Unemployment in Chile has reached a new record high of 13.1 percent, the national statistics institute said Friday.Unemployment rose by 5.6 percentage points in the rolling May-July quarter compared to the same period in 2019.
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By AFP
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Peru's year-on-year GDP fell by 30 percent in the second quarter of 2020 as it was badly affected by coronavirus containment measures, the government said on Thursday.
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By AFP
Caracas -
Crisis-wracked Venezuela's yearly inflation rate rose to over 4,000 percent in July, the opposition-controlled parliament said on Wednesday.
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By AFP
Washington -
The United States announced sanctions Thursday against Havin Bank LTD, a London-based Cuban entity also known as Havana International Bank, dealing a blow to the Cuban financial system.
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By AFP
Havana -
Cuba will eliminate Monday the 10 percent tax it has previously levied on the use of the US dollar -- and widen the categories of products for which it can be used to pay -- in response to the country's economic crisis caused by the coronavirus pandemi...
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By AFP
Caracas -
Long queues at gas stations around the country underscore Venezuela's continuing fuel shortages, despite Iran stepping in to help its Latin American ally with a major fuel shipment last month.
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By AFP
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Peru, one of the countries worst hit by the coronavirus pandemic, has seen GDP plummet by more than 40 percent year on year in April, the government said Monday.
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By AFP
Buenos Aires -
More than 20,000 clothes and shoe shops in Buenos Aires were allowed to open on Monday as Argentina began a gradual reopening following more than two months of coronavirus lockdown.Until now, only businesses deemed essential had been allowed to open.
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By AFP
Washington -
The International Monetary Fund has approved a $643 million emergency loan for Ecuador, as the coronavirus pandemic and low oil prices hit the South American nation.
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By AFP
Mexico -
Before the coronavirus pandemic struck, Luis Valdovinos was earning about $12 a day playing his barrel organ in the streets of Mexico City.Now, it's taking him a lot longer to make that much money.
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By AFP
Buenos Aires -
Argentina and the IMF announced Saturday that they have agreed to start talks aimed at reaching a new financing agreement for the heavily indebted South American nation.
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By AFP
Tigre -
With Argentina suffocated by debt, the government has turned to food stamps, price controls and popular markets to alleviate the suffering of its 10 million poor, but there are no guarantees these measures will stem the ravages of recession.
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By AFP
Buenos Aires -
Argentina's Senate passed a bill on Wednesday granting the government wide powers in restructuring the country's colossal debt.
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By AFP
Santiago -
Chile's economy contracted by 3.3 percent in November compared to 12 months earlier, due to the impact of the South American country's worst social unrest in decades, the central bank said on Thursday.Gross domestic product had already fallen by 3.
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By AFP
Buenos Aires -
Argentina's lurch to the left under new President Alberto Fernandez is proving a bitter pill to swallow for much of the middle class, with the wallet-draining Christmas season in full swing.
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By AFP
Bras -
The collapse of a massive tailings dam in Brazil was caused by the accumulation of water and lack of drainage, although the facilities did not previously show signs of instability, according to a report commissioned by the dam's owner and published Thu...
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By AFP
Buenos Aires -
Center-leftist Alberto Fernandez vowed to put his people first ahead of debt repayments after he was sworn in as Argentina's president Tuesday to singing and applause from lawmakers and supporters.
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By AFP
Buenos Aires -
Argentina's incoming president Alberto Fernandez takes office Tuesday having pledged to put Argentina "back on its feet" but he faces a tough task due to recession, high inflation and rising unemployment and poverty.
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By AFP
Santiago -
Protesters clashed with police as thousands took to the streets of Chile's capital Friday for a demonstration that marked 50 days since the outbreak of the country's worst civil unrest in decades.
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By AFP
Bento Gon -
Brazil's President Jair Bolsonaro on Thursday urged South America's four-nation trade bloc Mercosur to push ahead with reforms "without accepting ideological setbacks," in a swipe at Argentina's incoming leftist government.
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By AFP
Santiago -
Chile's national police committed "serious human rights violations" as weeks of violent demonstrations across the South American country claimed 25 lives, Human Rights Watch said Tuesday in a report calling for reform of the force.
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By AFP
Santiago -
Chile's national police committed "serious human rights violations" as weeks of violent demonstrations across the South American country claimed 25 lives, Human Rights Watch said Tuesday in a report calling for reform of the force.
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By AFP
Rio De Janeiro -
Brazil will auction drilling rights to deep-sea oil fields off its southeast coast Wednesday in a blockbuster sale it hopes will raise a whopping $26.5 billion and boost its crude sector.
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By AFP
Mariana -
Four years ago a dam holding back mining waste collapsed, triggering the worst environmental disaster in Brazil's history.
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By AFP
La Paz -
Bolivia's Evo Morales will seek a controversial fourth term as president on Sunday when voters head to the polls in what is expected to be a tight race for the once-popular left-wing leader.
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By AFP
Quito -
Ecuador began counting the cost Monday of 12 days of indigenous protests against fuel hikes that left eight demonstrators dead and severely dented President Lenin Moreno's austerity program.
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By AFP
Quito -
Indigenous groups camped in the center of Ecuador's capital bristled with anger Wednesday at the start of a second day of violent protests set off by the government's decision to scrap fuel subsidies."Get the tires! Puncture them! Puncture them!
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By AFP
Bejing -
Sun Dawu sighs sadly when asked about the death of thousands of his pigs, killed by the African swine fever outbreak that has been decimating hog herds across China.
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By AFP
Washington -
Despite a history of many IMF rescue programs, Argentina once again faces a deepening financial crisis, raising questions about whether the Washington-based lender made a mistake in its dealings with Latin America's third largest economy.
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