Stories for May 27th 2009
Paraguay, Colombia and Bolivia have been confirmed to the list of countries declared free of foot and mouth disease with vaccination at the current World Organization for Animal Health (OIE) 77th session in Paris.
Foreign direct investment (FDI) in Latin America could plunge up to 45% this year as the global financial crisis stalls capital flows and shrinks the region's economy by more than 0.3%, warned the United Nations Economic Commission on Latinamerica and the Caribbean, Cepal.
The Organization of American States (OAS) moved Wednesday to create a taskforce to evaluate various proposals to readmit Cuba into the body, in the face of disagreements on the subject.
Argentina’s powerful Industrial Union (UIA) urged Argentina's government to revise the possibility of integrating Venezuela as a member of the Mercosur, after the reiterating actions which have implied the nationalization of companies in Venezuela.
Venezuelan president Hugo Chavez told his Brazilian peer Lula da Silva that Brazilian corporations are safe from the current nationalization process in his oil-rich country. The two presidents met on Tuesday in Bahia to discuss Mercosur, energy, finances and regional integration.
Rio Tinto has agreed to cut key iron ore prices to Japanese steelmakers by 33% in this year's first contract setting a benchmark. However China, the world’s leading consumer of iron ore is not expected to accept such a benchmark.