Stories for May 25th 2012
Brazilian President Dilma Rousseff announced Friday that she is vetoing some of the controversial amendments to the country’s Forest Code that would have substantially weakened the country’s forest protection and climate mitigation actions.
Brazil eased rules for subsidized lending by state development bank BNDES to three of the country's biggest companies, in a move that may help President Dilma Rousseff shield a struggling economy from market turmoil abroad.
A closely watched gauge of Argentina consumer confidence rose for the first time in five months in May, according to a report published this week by Torcuato di Tella University, UTDT.
China's exports to Argentina in April declined 34.4 percent from last year, the largest monthly drop since the 2009 global recession, signalling the deepening negative influence of Argentina's trade protectionism on bilateral trade, analysts and trade experts said, quoted by the official Beijing news agency.
Argentine wine exports to the UK have rocketed by 25% in value and 12% in volume in the first three months of the year. This put the UK back ahead of Brazil as Argentina’s third largest market worldwide, and the US and Canada, and represents the largest gains for over four years.
Cameron pays tribute to Falklands’ conflict dead and reaffirms Islanders right to self determination
UK Prime Minister David Cameron has paid his own personal tribute to the 255 soldiers, sailors and airmen who gave their lives to liberate the Falkland Islands. Making his first visit to the national Armed Forces Memorial as Prime Minister, Cameron also reaffirmed his commitment to defend the Falkland Islanders' right to self-determination.
Almost 19 million Brazilians live in precarious housing with no running water, sewage or any basic public services, according to a report on urban infrastructure by the Brazilian Geography and Statistics Institute, IBGE.
Paraguayan president Fernando Lugo currently visiting India proposed an exchange of food for investment and technology. Lugo was received by President Pratibha Patil and later by Prime Minister Manmohan Singh.
Germany should exit the Euro and revalue its currency as “damage control” to avoid the effects of contagion stemming from a Greek exit, which would cripple banks and trade in Europe, according to former Argentine Finance Secretary Guillermo Nielsen.
The UK dominated as the key generating market for tourism in 2011 according to new data released by the Falkland Islands Tourist Board (FITB). Last year land-based tourism from the UK was up 5% to a total of 4.164 arrivals (this figure does not include cruise arrivals).