Stories for April 21st 2011
Italian carmaker Fiat says it has reached a deal to buy an additional 16% stake in Chrysler for 1.27bn US dollars. The move takes Fiat's stake in the US's third-largest carmaker to 46% and raises speculation about an eventual takeover this year.
Turbulence generated by speeding motor boats kills significant numbers of zooplankton, a study has revealed for the first time. Experiments on copepods, tiny crustaceans that live and float in water, show that a third die in waters frequented by propeller-driven boats. That is significantly more than in bodies of water not used by boats.
By Juan Forero, Thursday (The Washington Post)
The following piece is a brief history of a Brazilian family business which in a few decades, climbed aggressively to become the world’s largest provider of meat. The piece however, we believe, lacks reference to the Brazilian government’s strong financial support to these enterprises that become global corporations flying the green/yellow colours.
Cuba's Communist Party selected President Raúl Castro and hard-liners from the old guard to steer wide-ranging reforms of the island's crumbling economy. As expected, Raúl Castro, 79, was chosen at a four-day party congress to replace his older brother Fidel Castro as first secretary of the ruling party's Central Committee.
The United States lacks a credible plan to cut its deficit over the medium term, the International Monetary Fund's chief economist Olivier Blanchard told French daily Le Monde in an interview published Wednesday.
Pascal Lamy head of the World Trade Organization is holding talks to try and salvage the ailing Doha Round of trade liberalization talks that have been stalled for almost a decade.
Argentina's industrial production expanded strongly in March over a year ago, 8.8%, as the consumer boom continues to fuel demand for everything from cars to home appliances. However monthly output slowed to a standstill and was unchanged from February, according to the national statistics institute, Indec release on Wednesday.
China opened its market significantly for Brazilian beef and chicken said Brazil’s Agriculture minister Wagner Rossi on his return from a week long visit to China with a business delegation headed by President Dilma Rousseff.
Argentina’s National Statistics Agency, Indec, announced Wednesday that poverty levels lowered in the second half of 2010, with 527,000 households below the poverty line (6.8%), which include a total of 2,475,000 people (9,9%).
Brazil's tax revenue surged in March on the back of consumer demand that has continued to be robust the federal tax authority said this week.