Leaders at the G20 summit in Canada have agreed to cut national budget deficits without stunting economic growth. Summit host Prime Minister Stephen Harper said the group's richest members should halve their deficits within three years.
Honda plans to start manufacturing automobiles in Argentina next year, when the Japanese automaker’s plant in Campana, a city on the outskirts of Buenos Aires, opens, the press reported, citing company executives.
Failure to agree a common way forward at the International Whaling Commission (IWC) annual meeting is unfortunate, says Japan's minister attending. In an interview with BBC News, Ms Yasue Funayama said Japan had had to sweat and bleed to bring agreement closer.
Italian Prime Minister Silvio Berlusconi is scheduled to arrive Monday with a delegation of sixty businesspeople in Brazil where he will consider with President Lula da Silva investment projects involving at least 10 billion US dollars.
Paraguayan president Fernando Lugo called on Congress, under opposition control, to support the incorporation of Venezuela to Mercosur, as has already been voted by Argentina, Uruguay and Brazil.
Alternative Latin Investor (ALI), the first and only online news source to provide information on alternative investments in Latin America, has just released an in-depth report on the Panamanian investment environment.
Germany's Chancellor has insisted that Europe's leaders are making good progress in talks with the US about how to bolster fragile economic growth. Angela Merkel told journalists at the G8 summit in Canada there was mutual understanding with President Obama over deficit reduction plans. Leaders are attending summits of the G8 and G20 groups of leading states.
Former president Nestor Kirchner said Argentina needs a “strategic project for the next ten years” and forecasted that investors will arrive knowing the country has an established proven development model.
Ecuadorean President Rafael Correa said on Friday his country had been removed from an international blacklist of countries who fail to comply with standards against money-laundering and terrorism financing.
Argentina’s newly appointed Foreign Minister Héctor Timerman said that China expressed “strong support” for Argentina’s sovereignty claim over the Falklands and other South Atlantic islands, but was disappointed by the bias coverage of the Buenos Aires press.