China’s Cnooc Ltd.'s deal to buy BP Plc's 7.1 billion dollars stake in Argentine crude producer Pan American Energy LLC collapsed, ten days after Argentina's president ordered oil companies to repatriate export revenue.
Argentina's car makers, a key pillar of the industrial sector, saw production cool in October from the record levels seen in recent months as demand from neighboring Brazil dropped off.
The G20, composed of the world's most powerful economies, come up Friday with an action plan to save the world economic and stabilize the global monetary system, according to an official statement from the Group of 20. The continuing Euro zone debt crisis has dominated the summit.
The St Helena Government this week entered into a contract with South Africa’s Basil Read (Pty) Ltd in the amount of £201.5 million for the design and construction of the airport, an additional up to £10 million in shared risk contingency, and £35.1 million for ten years of operation.
Intense European pressure forced debt-stricken Greece to seek political consensus on a new bailout plan instead of holding a referendum after EU leaders raised the prospect of a Greek exit from the Euro to preserve the single currency.
The FAO Food price index dropped to an 11-month low in October, declining 4%, or nine points, to 216 points from September. Nonetheless prices still remain generally higher than last year and very volatile, FAO said.
Car sales in Brazil dropped 10% in October compared to the previous month according to the country’s dealers association, Fenabrave turning warning lights on for the global auto industry. This follows September’s decline that affected all of Brazilian industrial production.
Brazil must balance its trade relation with China, (leading commercial partner) and not allow an anti-Chinese feeling among manufacturers to spoil relations with Beijing said economists in Sao Paulo.
Russia has decided to resume purchases of Paraguayan beef and derivates following the foot and mouth disease, FMD, episode detected in an only farm last September and which according to Paraguayan sanitary officials was caused by a ‘human error’.
Cubans will be able to buy and sell houses for the first time in more than five decades in a long-awaited reform that legalizes what many have done for years but also restricts how much property they can own, state-run press said on Thursday.