Mercosur agrees on the agenda for the presidential summit
Paraguay’s president Lugo will hand the rotating chair to Uruguay’s Tabare Vazquez.Advance teams from Mercosur country members reached a tentative agenda for this month’s presidential summit at the end of the month, (July 23/24) according to sources in Paraguay the country which will hosting the meeting.
Brazil threatens to take Argentina to WTO on import licences
Brazil may file a complaint at the World Trade Organization against Argentina because of its delays in issuing import licenses for Brazilian goods according to Foreign Trade Chamber Secretary Lyntha Spindola.
Petrobras begins refining oil from the pre-salt basin
Brazil’s government managed oil corporation Petrobras reported this week it had begun refining oil from the Tupi field, located at the pre-salt area of Santos Basin which is Brazil’s great hope for becoming a major player in the world’s hydrocarbons market.
A/H1N1 virus “unstoppable”; vaccine access a “political question”
The United Nations top health official opened a forum in Mexico on combating the A/H1N1 flu saying that the spread of the virus worldwide is now “unstoppable”. World Health Organization head Margaret Chan added that the holding of the meeting in Cancun showed confidence in Mexico, which has been hard hit.
Rio Tinto shareholders help to reduce stress of the balance sheet
A call for cash by Rio Tinto has seen a strong take-up from its existing Australian shareholders - a day after similar success in the UK. The mining giant saw 95% of the heavily discounted shares available in Sydney taken up. It had earlier reported a 96.97% take-up of London shares.
Other Stories
- Deficit shocked California closes state offices and prints IOUs
- Argentina
- Argentina reports 44 deaths; highest A/H1N1 virus flu mortality rate
- Falkland Islands
- Falkland Islands: Weekly Penguin News Update
- Latin America
- World Bank praises Latinamerican fiscal and social policies
- United States
- US jobless rate in June 9.5%; 14.7 million unemployed
- International
- European Central Bank implements “liquidity infusion”
- International
- May unemployment in Euro zone, 9.5% and 8.9% in European Union
- International
- UK concedes pandemic can’t be contained and changes to “new treatment”
Featured Analysis
IMO to Consider Ban on Heavy Fuel Oil in Antarctic Waters
Earlier this week we published the position of CLIA, Cruise Lines International Association on some of the possible effects of the heavy fuel oil ban in Antarctic water for the industry, if the initiative is passed and approved by the International Maritime Organization.
