With an eye on Argentina and Venezuela, Brazil private sector wants Mercosur trade in local currencies
Brazil's private sector concerned with harsh times ahead, particularly with exports to Argentina and Venezuela are proposing that Mercosur trade should be done with local currencies leaving aside the US dollar. The initiative was launched by the president of the Brazil-Argentina Commerce Chamber.
President Cristina Fernandez is expected to visit France for the opening of Paris Book Show, with a great display of Argentine culture and conferences, but most important she will be meeting on 19 March with her peer Francois Hollande to strongly lobby for a better deal with the Paris Club for the payment of a defaulted debt of 10bn dollars dating back to 2001.
The US Supreme Court ruled on Wednesday for British company British Gas Group Plc in its effort to reinstate a 185.3 million dollars arbitration award against Argentina that a US appeals court threw out.
Vice president Amado Boudou and Foreign Minister Héctor Timerman represented Argentina at Wednesday's ceremonies in honor of the late Venezuelan president Hugo Chávez on his death first anniversary, which was followed by huge crowds in Caracas.
The Obama administration filed an ‘Amicus Curiae’ measure before US Supreme Court, supporting Argentina’s position in the dispute with the hedge funds which the government of president Cristina Fernández refers to as ‘Vulture Funds’.
Sooner than later Argentina will be able to discuss with the UK the Malvinas Islands sovereignty issue as indicated by the UN resolutions, said Argentine president Cristina Fernandez during her speech to the General Assembly opening the 132th legislative period last Saturday, March first.
Foreign minister Hector Timerman said that the International Committee of the Red Cross will help with the identification of Argentine soldiers killed during the Falklands/Malvinas war and whose remains are still in the territory claimed by Argentina. The UK would be informed at a later stage on the matter.
The assessment of Argentine President Cristina Fernandez performance has dropped over 20 points according to the latest findings from a public opinion poll published this week, with 67.5% of interviews saying they are not satisfied with the current leadership at Casa Rosada.
Argentina's YPF increased oil and gas production by around 9% in January, continuing a trend that began in mid-last year in which the state-controlled firm reversed long-standing production declines. And while the rest of the sector continued to lag behind, oil production at least did experience a monthly increase, suggesting that YPF’s increases in output are starting to have a positive effect on the sector as a whole.
By Alicia Castro, Argentine ambassador in London - Ms Castro writes a column in The Guardian to complain about the appointment of Colin Roberts as the next Falkland Islands governor and unearths some Wikileaks cables referred to the incoming governor's attitude regarding the Chagos islanders forced eviction, and plans to ensure they will never be returned by declaring the vast area a 'marine park' allegedly questioned by US diplomacy.