Stories for May 21st 2011
Delhi proposal to triangle South Africa Customs Union, India and Mercosur
India will be launching negotiations for a comprehensive economic cooperation agreement (CECA) with Mercosur although it will first “expedite” talks for a preferential trade agreement with the South African Customs Union (SACU).
IMF should have a new Managing Director by June 30
The International Monetary Fund said on Friday that it is scheduled to complete the process of selecting a new managing director by June 30.
Argentine organized labour will support CFK but “without being obsequious”
Argentina’s organized labour said “there are no differences in the relationship with the government” despite President Cristina Fernandez de Kirchner, CFK criticisms and further stated that they will support the president’s re-election bid “without being obsequious”.
Argentina posts strong primary surplus pushed by economic growth and inflation
Argentina posted a primary budget surplus 1.97 billion Pesos (455 million US dollars) in April, up 4.8% from the 1.88 billion Peso surplus a year earlier, the government said on Thursday.
Spaniards take to cities’ plazas and call for a protest no-vote in Sunday’s local elections
Tens of thousands of Spaniards angry over unemployment protested for a sixth day, ahead of Sunday's local elections in which the ruling Socialists are expected to suffer heavy losses.
Lipsky calls for continued support for ‘shaky’ economies in Europe
The global economic recovery is accelerating but remains vulnerable to setbacks said IMF acting Managing Director John Lipsky said as he urged continued international support for shaky economies in Europe.
Inflation expectations in Argentina for the next twelve months: 29.5%
Inflation expectations for the next twelve months in Argentina dropped to 29.5% in May from 30.3% in April according to the latest report from the Financial Investigation centre from the Torcuato Di Tella University, CIF.
This is the first time in twenty months that the index is below 30%.
Brazil/Argentine dispute abating as trade begins to normalize
The trade dispute among Mercosur main partners seems to be abating from the moment Brazil authorized on Friday the introduction of 1.000 cars manufactured in Argentina that had been retained in Customs since the implementation of non automatic import licences.
Argentina April industrial production grows 8% over a year ago
Argentina's industrial production rose a seasonally adjusted 8% on the year in April, led by an expansion in automobile, metals and chemical output. Manufacturing increased 0.5% in seasonally adjusted terms from March, the national statistics agency, Indec, reported Friday.
US processor building 180.000 tons storage grain terminal in Uruguay
US agricultural processor Archer Daniels Midland Co said this week it was building a grain export terminal in Nueva Palmira, Uruguay, capable of loading large bulk shipments of corn, wheat, soybeans and soy-meal.
