Tweet Rio de Janeiro : Brazil’s unemployment rate fell to 7.5 percent in October, the lowest level of the year, the Brazilian Institute of Geography and Statistics, or IBGE, said. The September unemployment rate, which was also down, had been 7.7 percent, the IBGE said Thursday. The lowest unemployment rate in the past 12 months [...]

Tweet Rio de Janeiro : Brazilian state-controlled energy giant Petrobras said that it has signed a contract finalising a 10-year, $10 billion loan from China Development Bank (CDB) Corp, the biggest-ever financing deal between a Chinese entity and a Brazilian firm. “This funding is relevant not only due to the amounts involved, but also because [...]

Tweet Buenos Aires : About 90 percent of Argentinian territory is affected by the current drought, although the situation is aggravated in certain provinces by the spread of forest fires, figures released Sunday by officials said. The most serious situation is in the central province of La Pampa and in Buenos Aires and Cordoba in [...]

Tweet Mexico City : Mexican emigrants sent home $16.4 billion during the first nine months of this year, down 13.4 percent from the same period in 2008, the country’s central bank said. Last month’s remittances, $1.74 billion, were 17.5 percent lower than the total for September 2008, Banco de Mexico said Thursday. Economists with the [...]

Tweet Lima : Peruvian President Alan Garcia has announced the construction of 100 dams and 30 reservoirs, projects that the government forecasts will be concluded by the end of 2010. “We have to scatter the water all across Peru because that’s going to protect our children from the warming of the earth,” said Garcia Monday [...]

Tweet Mexico City : Oil output in Mexico has continued to decline in 2009, coming in at an average of 2.6 million barrels per day (bpd) for the first nine months of the year, or almost 190,000 barrels less than the average for all of 2008, state oil monopoly Petroleos Mexicanos reported. On a more [...]