Economy

• Friday, March 23rd 2012 - 02:25 UTC

  One in five manufactured goods consumed in Brazil were imports

  

  Almost one in five manufactured goods consumed in Brazil during 2011 was imported, according to the ‘commercial opening coefficient’ survey undertaken by the country’s National Industry Confederation, CNI, and released this week in Sao Paulo.

• Friday, March 23rd 2012 - 02:18 UTC

  Canada in exploratory talks with Mercosur for a trade agreement

  

  Canadian Minister of International Trade Ed Fast has concluded a two-day trade visit to Argentina, to promote the conclusion of exploratory talks towards a possible free trade agreement (FTA) with the Mercosur trade bloc.

• Thursday, March 22nd 2012 - 21:48 UTC

  World health organization supports Australia in its clash with the tobacco industry

  

  The World Health Organization, WHO, Director-General Margaret Chan urged the world to “stand shoulder to shoulder” against the tobacco industry’s attempts to overturn Australia’s new path breaking tobacco control law.

• Thursday, March 22nd 2012 - 21:34 UTC

  Jaguar Land Rover plant in China, which is now third global market for the brand

  

  Jaguar Land Rover (JLR) has finalized a joint venture agreement with Chery Automobile Co to manufacture and sell vehicles in China, the two companies said, as the luxury British brands look for further growth in the world's largest car market.

• Thursday, March 22nd 2012 - 06:58 UTC

  Developing countries nominate top candidates for the World Bank presidency

  

  The US is under intense pressure to nominate a top candidate for the World Bank presidency after developing countries put forward two credible contenders of their own.

• Thursday, March 22nd 2012 - 01:55 UTC

  Argentine government and YPF can’t agree on the future of the oil company

  

  Argentina and Repsol-YPF oil corporation again clashed on Wednesday over the future of the Spanish owned company while members of President Cristina Fernandez administration said measures “can not be discarded” thus re-launching fears about further government actions.

• Thursday, March 22nd 2012 - 01:46 UTC

  China announces more purchases of soybean during the first half of the year

  

  Chinese State of Administration of Grains revealed that the world's top buyer of soybeans is on course to import 25% more in the first half of this year than the first six months of 2011, which will benefit major producers Argentina, Brazil and US.

• Wednesday, March 21st 2012 - 06:32 UTC

  Argentina denies protectionism; claims imports in 2011 soared 30%

  

  Foreign Affairs minister Hector Timerman said on Tuesday “there is no country” in the world that can say Argentina is protectionist and claimed it is the G20 member that saw imports soar most between 2010 and 2011.

• Wednesday, March 21st 2012 - 04:41 UTC

  Next Mercosur summit in Mendoza, June 26/28; Brazil takes the relay

  

  The next Mercosur presidential summit is scheduled to take place next 26/28 June in the city of Mendoza, when the rotating chair will be handed for the following six months to Brazil.

• Tuesday, March 20th 2012 - 23:51 UTC

  Spain vows to defend Repsol-YPF interests in Argentina; board meeting to decide on YPF profits

  

  Adding fuel to the quarrel between Argentina and Spain for disagreements over Spanish investors administrated YPF, Spanish Industry minister of José Manuel Soria vowed on Tuesday to defend his country’s interests.