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Spain Records First Monthly Trade Surplus in History

Spain achieved in March its first monthly trade surplus since records have been kept, the country's economy minister said Tuesday. At a press conference after the meeting of European Union economy chiefs, Luis de Guindos said that once the calculations are complete, the surplus will come out to more than 600 million euros ($776.5 million). continue reading »

Latin America Economy to Grow 3.5 Percent in 2013

Latin America and the Caribbean will grow at a rate of 3.5 percent in 2013, the U.N. Economic Commission for Latin America said here Tuesday, revising downward its earlier forecast of 3.8 percent growth this year. continue reading »

Pacific Alliance Trade Bloc to Liberalize 90 Percent of Trades

Chile, Peru, Colombia and Mexico will liberalize 90 percent of their internal trade with the signing of an agreement on May 23 in Cali, Colombia, where the next Pacific Alliance summit will be held, the Chilean government announced Wednesday. continue reading »

Inflation Rate Falls to 2.4 Percent in Spain

Spain's year-on-year inflation rate fell by four-tenths of a percent to 2.4 percent in March, the National Statistics Institute, or INE, said Wednesday in its preliminary consumer price index for the month. continue reading »

Unemployment Rate Falls to 4.85 Percent in Mexico

Mexico's unemployment rate fell to 4.85 percent in February, down from 5.33 percent in the same month of last year, the National Institute of Statistics and Geography, or Inegi, said Friday. continue reading »

Spain Sees its Investments in LatAm as Secure

Spain's top official for relations with Latin America said Tuesday that the investments of Spanish companies in Latin America are safe despite the problems in specific countries such as Argentina and Bolivia. continue reading »

Argentina Strives to be Oil Independent by 2020

YPF, the oil company controlled by the Argentine state following the expropriation of a 51 percent stake in the corporation from Spain's Repsol, has set the goal of achieving energy independence, an objective that could be met in "five or six years," CEO Miguel Galuccio said. continue reading »

IDB Supports Increased Investment, Exports for Uruguay with $550 Million Loan

The Inter-American Development Bank (IDB) has approved a $550 million operation for Uruguay to fund the Program for Strategic International Positioning, which aims to substantially increase investment and exports by strengthening the regulatory and institutional framework, promoting and facilitating trade, and boosting entrepreneurial innovation. continue reading »

Argentina Produces 103 Million Tons of Grains This Year

The 2012-2013 crop season in Argentina, one of the world's biggest grain exporters, will produce 103.2 million tons, according to a report released Saturday by the private consulting firm IES. continue reading »

Latin American Economy Expected to See More Growth in 2013

The Latin American economy will close out 2012 with growth of 3.1 percent, down from 4.3 percent last year, but it will experience a rebound next year to 3.8 percent, the U.N. Economic Commission for Latin America and the Caribbean said Tuesday. continue reading »

Mexican Budget Forecasts 3.5 Percent GDP Growth in 2013

Mexico's government has submitted Congress a balanced-budget plan for 2013 based on spending cuts and gross domestic product growth of 3.5 percent. continue reading »

Unemployment Insurance Kept 2.3 Million Americans Out Of Poverty Last Year

America’s unemployment insurance program is not as robust as those in many industrialized nations, but the program that is speeding toward massive reductions if Congress doesn’t extend it before the end of the year still kept more than 2 million Americans out of poverty in 2011. continue reading »

Brazil’s Economy Saw Slight Drop in September

The Brazilian economy shrank by 0.52 percent in September compared with August, the biggest one-month decline in almost a year, the central bank said Wednesday. continue reading »

Nation’s July Unemployment Creeps Up To 8.3%, While the Hispanic Rate Decreases to 10.3%

The nation’s July unemployment rate creeped up to 8.3% from the June rate of 8.2%. New jobs created came in at 163,000 for the month with most of the gains coming from the business services sector. continue reading »