South America

U.S. Trade Deficit Falls to Lowest Level Since December 2010

The U.S. trade deficit declined to the lowest level in almost two years as exports rose to a record high, a gain that is not expected to last given the global economic slowdown. U.S. exports climbed 3.1 percent to an all-time high of $187 billion.

Starbucks Goes South with a Big Surge in Latin America

Starbucks fans hoping to satisfy a Frappuccino craving in Costa Rica used to be out of luck -- until Wednesday morning, when it opened its first store there. But that's just the tip of the iceberg in Latin American for coffee powerhouse.

GM's Next Big Problem: Making Europe Profitable

GM made $2.2 billion in North America in the third quarter, but it couldn't expand on that number with earnings abroad. Now the bailed out, revamped and much-improved automaker has to find a way to make Europe profitable -- because the Continent is essential to its global operations.

Currency Wars Are Heating Up Across Latin America

Emerging market countries, especially those in Latin America, are gearing up for a potentially damaging round of currency interventions to help keep their economies competitive. "This is a currency war that is turning into a trade war," says Brazilian Finance Minister Guido Mantega.

Goldcorp to Buy Andean Resources for $3.4 Billion

Goldcorp Inc. (GG) will purchase Andean Resources Limited (AND) for about C$3.6 billion ($3.4 billion). Andean%u2019s principal asset is its Cerro Negro gold project in Argentina, the companies said in a statement. Cerro Negro currently has reported indicated resources of 2.54 million ounces of gold and 23.56 million ounces of silver.