Venezuela’s new highest denomination bills can barely get you a Big Mac

New currency began circulating in Venezuela this week, the 500, 5,000 and 20,000 bolivar notes appearing first and which, many have pointed out, are barely enough to purchase even the cheapest of items.

Brazil worries about Paraguay

As recession continues, Brazilian businesses head to Paraguay that is positioning itself as low-cost manufacturing hub

BMW 'absolutely committed' to a new Mexican plant

BMW is spending $1bn on a plant in Mexico, while other firms are investing in the US or moving production back.

Venezuela minimum wage to rise by 50% 'to combat inflation'

President Nicolas Maduro says the move will protect jobs and incomes. Critics say it may worsen the crisis. The International Monetary Fund says inflation will reach 1,600% this year.

Mexicans are the Nafta winners? It’s news to them

Mr. Trump made questioning the virtues of Nafta a centerpiece of his campaign, at one point calling it “the worst trade deal maybe ever signed anywhere,”

Argentina to bet big on public works to accelerate economic recovery

President Mauricio Macri’s administration is reportedly allocating AR $15,766 million (US $978,427,520) to such projects throughout the year, 46 percent more than what was earmarked in 2016.

Ford Motors cancels $1.6bn Mexico plant

Ford has said it will cancel a $1.6bn (£1.3bn) plant it planned to build in Mexico and instead extend operations at its factory in Michigan.

Brazil’s Federal Government Has No Timeline to Help States

Finance Minister Henrique Meirelles says it is important 'not to implicitly transfer the state debt problem to the Union'.

Raul Castro’s Cuba allows farmers to hire workers directly

Under Raúl Castro, Cuba has introduced a series of changes to steer away from hardline Communism, but their pace slowed in the last year, generating doubts regarding the true commitment to the changes.

Latin America’s GDP to Contract 1.1% in 2016

The worst-performing economies are expected to be those of Suriname, projected to contract by 10.4 percent, and Venezuela, forecast to shrink by 9.7 percent

Cuba’s Surge in Tourism Keeps Food Off Residents’ Plates

The record arrival of nearly 3.5 million visitors to Cuba last year has caused a surging demand for food, causing ripple effects that are upsetting the very promise of Fidel Castro’s Cuba.

Carlos Slim argues Trump’s success could be great for Mexico

The Mexican billionaire believes that if Trump’s plans to jumpstart the US economy work, Mexico would see benefits too.

OPEC barrel surges past $50 per barrel for first time in 15 months

The OPEC daily basket price rose by almost 13% after the group announced last Wednesday that it was cutting oil production by 1.2 million barrels as from January 2017

Santiago is becoming a shopping hotspot in Latin America

Tourism is a growing industry in Chile, but the kind of tourism that gets to Santiago is only interested in seeing the shops.

Chilean economy contracts for the first time in 7 years

Economic activity fell 0.4% in October from the year-earlier month, the first annual contraction since October 2009

South american ministers in Chile to discuss productivity challenges

“Without equity and inclusion, our development is destined to have feet of clay, (and) runs the risk of being ephemeral and illusory,” Bachelet added.

Peru is now the fastest growing economy in LatAm

Diversification of exports, political stability and a renewed economic policy are among the reasons why Peru is going strong despite their neighbors’ weak performance.

Brazil plunges deeper into recession

Brazil's economy plunged deeper into recession in the third quarter, dashing government hopes that a lift in consumer and business confidence would jumpstart a recovery

Mexican cement manufacturer after deal building up Trump's wall

No Joke, mexican cement manufacturer Cementos Chihuahua expressed its interest in becoming a supplier for the construction of the border wall between Mexico and the US

Doubts about OPEC's production cut agreement make crude oil prices dive

Oil prices fell over 1 percent Monday in Asia following a decline of more than 3 percent Friday over disagreement between members of the Organization of the Petroleum Exporting Countries (OPEC) and non-OPEC exporters

Why is LatAm so dependent on commodity prices?

This year was full of ups and downs for the Latin American economy, if anything, it proved its intimate relation with the price of raw materials.

Paraguay's Illegal Economy Equal to 40% of GDP

Paraguay's booming marijuana trade helps explain why its illegal economy = an estimated $11.1 billion in 2015

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