Brazil's recession worst on record

Brazil has been in recession for two years, the latest figures show, marking the deepest economic decline since records began.

Colombia, LatAm’s 4th largest economy: Prosperity index

The Legatum Prosperity Index 2016 ranks Colombia as Latin America’s 4th largest economy.

Correa’s ‘economic miracle’ in Ecuador was actually a monumental sham

Correa’s government should become a textbook case of economic mismanagement that should be taught in business schools across Latin America

World Bank supports Argentinean renewables

The World Bank has announced that it will provide a $480m guarantee to support the construction of large-scale renewable energy and solar projects across Argentina.

Venezuela running out of cash

The Central Bank of Venezuela says the country is down to just $10.5 billion in foreign reserves. At the same time, Caracas has to meet debt obligations of $7.2 billion this year.

The Carnival of Barranquilla and its Contribution to Economy.

The Carnival of Barranquilla just started, designated by Unesco as an Intangible Cultural Heritage of Humanity, providing the region with COP56.000 million (USD 19 million) of income

Brazilian government announces end of recession

For Finance Minister, Henrique Meirelles, the government's austerity measures have brought back investor confidence and boosted the economy.

Mexico’s economy grows 2.3% in 2016

Mexico’s gross domestic product (GDP) grew 2.3 percent in 2016, 2.5 percent in 2015,  2.1 percent growth registered in 2014 and the 1.4 percent figure for 2013.

Colombia’s OTT tax reform may lead the way internationally

Ari Lopez, principal Latin American analyst at Ovum, the reform of Colombia’s tax regulation at the end of 2016 may affect the OTT industry worldwide.

Latin America weighs up lithium prospects

Argentina, Bolivia and Chile own 85 per cent of world’s known lithium reserves. Each seeks investment and international capacities to exploit the resource. However, experts disagree on how to get better economic benefits

Will brazilians cancel carnival?

At least 48 towns or cities in eight Brazilian states have canceled Carnival festivities this year because they are suffering from the worst recession in the country’s recent history.

Colombia’s OTT tax reform may lead the way internationally

Colombia’s decision to start taxing over-the-top (OTT) players may lead to other countries following suit, according to market research firm Ovum.

Colombian president promises higher growth in final economic plan

Colombia's President Juan Manuel Santos on Tuesday launched the final economic plan of his term in office, which the government hopes will ensure gross domestic product growth of 2.5 percent and create 765,000 jobs.

Panama seeks trade sanctions against Colombia at WTO

Panama wants to impose $210 million of annual trade sanctions on Colombia, according to a filing published by the World Trade Organization on Monday, after winning a legal challenge against a so-called "money laundering" tariff.

Antioquia eyes Colombia cash flow

A couple of hours’ north-east of Medellin, Antioquia Gold (TSXV: AGD) has quietly worked away at its Cisneros gold project in Antioquia, Colombia, and is building an underground mine that aims to produce 30,000-40,000 ounces a year of gold from late 2017.

Brazilian town embraces universal income experiment

Does being handed money every month—no strings attached—sound attractive? The residents of a small town in Brazil are finding out.

Port project aims to make Costa Rica a major logistics center

A $1 billion mega port proposed for the Caribbean coast near the Panama Canal would put Costa Rica on the global logistics map

Brazil's and Mexico's 2017 market analysis

Ross Teverson, manager of the four crown-rated Jupiter Global Emerging Markets fund believes Mexico could be a rich hunting ground for opportunities this year.

“Bad” Internet traffic loses businesses over $7 billion annually

According to the Imperva Incapsula Bot Traffic Report, various bots are now responsible for more than half of all internet traffic around the globe and estimates that businesses lose an estimated $7 billion dollars each year because of this

Macri and Temer agree to open Mercosur and to closer ties with Mexico

In a state visit to Brasilia, Argentina President Mauricio Macri said that Mercosur would focus on strengthening its relationship with Mexico, Latin America's second-largest economy after Brazil.

Colombia’s exports dropped another 13% in 2016

Colombia’s exports dropped 13% in 2016 in spite of a minor increase in exports to its biggest trade partner, the United States, for the first time since the two countries signed a free trade agreement.

Crime and violence cost Latin America and the Caribbean 3.55% of GDP

A study by the Inter-American Development Bank (IDB) estimates the direct annual cost of crime and violence in Latin America and the Caribbean at US$261 billion or 3.55% of GDP

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