Stories for November 17th 2010
Warnings about impact of social security cuts to reduce public spending
International Labor Organization (ILO) is warning countries against social security cuts to reduce public spending which could slow down or delay recovery. The ILO says social security encourages stability, but only about a fifth of the world has access.
China imposes restrictions to foreigners in the real estate market
China's Ministry of Housing and Urban Rural Development announced this week that purchases of housing by overseas organizations and individuals in the country would be capped or restricted, a move widely seen as combating speculative money from overseas that might flow into the property market.
Mercosur/EU ready market access proposals for next round of trade talks
Mercosur and European Union delegates are scheduled to meet at the end of the month or early December in Brasilia for a new round of talks leading to a wide ranging trade agreement which both sides have agreed should be ready to conclude negotiations in the first half of 2011.
Latinamerica/Europe forum on business promotion in the region
Leading Latinamerican corporations and European investors will be participating in Madrid at the XII Latibex three-day forum organized by Spain’s securities markets.
Geopark drills and tests new oil well in Chile’s Magallanes region
Oil and gas explorer Geopark Holdings Ltd (GPK.L) announced on Tuesday it successfully drilled and tested a new well in the Magallanes Region, extreme south of Chile where it has been operating for several years.
