Brazilian President Lula da Silva said Friday that he supports alternatives to the dollar as the world's premier currency who anticipated the issue will be addressed when he visits China next month. Senior Chinese and Russian officials have talked in recent weeks about a new reserve currency to replace the dollar.
Auto industry sales in Brazil soared in March as consumers flocked to dealers to benefit from government tax breaks, according to data from the national dealers’ association Fenabrave.
Mercosur sanitary experts met this week in Asuncion, Paraguay to address the mosquito transmitted dengue disease which is affecting all countries of the region (except Uruguay and Chile) with tens of thousand cases confirmed.
Another 663.000 United States workers lost their jobs in March, slightly more than the 658.000 that had been expected. The US unemployment rate has now hit 8.5%, up from 8.1% in February. Earlier this week, the IMF said it expects the unemployment rate in the developed world to nudge above 10% in 2010.
Former Venezuelan Defence minister General Raúl Baduel accused President Hugo Chavez of ordering his detention to try to intimidate him and insisted he's innocent of corruption charges which are politically motivated.