Even when Uruguay and Brazil are in the course of reaching understandings with Argentina regarding the latest trade restrictions to be implemented by President Cristina Fernandez de Kirchner administration, ‘which are not targeted against Mercosur members’, the Brazilian press presents another angle.
Rescuers dug frantically for bodies and people trapped after a major 6.3 earthquake caused “multiple” deaths in New Zealand's second city of Christchurch Tuesday, crushing buildings and vehicles.
Leaders of Ireland’s three main parties pledged on Monday to oppose any trade deal with Mercosur countries which could damage Irish exports if EU standards of production are not adhered to, reports the Irish Times.
Uruguay and Argentina are discussing a ‘fast track’ mechanism that will allow Uruguayan exports to have quick access to the neighbour’s market thus avoiding the controversial trade restrictions recently announced by the administration of President Cristina Fernandez de Kirchner and which have surprised Mercosur partners.
The Financial Times warns that in spite of the current optimism about the performance of the Brazilian economy, the country could be heading to a ‘sub-prime’ crisis ‘worryingly’ similar to that experienced by the United States.
Brazil’s economy will pick up speed in 2012, said President Dilma Rousseff on Monday addressing northeast governors concerned that recent announced budget cuts could limit economic activity and support for the area that depends from federal handouts.
China has raised fuel prices for the second time in three months as it looks to offset a jump in global crude costs. However, the move has raised questions over government attempts to slow inflation.
European Central Bank policymaker Axel Weber said that debt-strained Euro zone countries must make the most of the breathing space bought by aid measures and warned them the hardest part of the reform process was still ahead.
Gold climbed above 1,400 US dollars an ounce to the highest price in almost seven weeks in London as unrest in the Middle East and North Africa spreads. Silver reached a 30-year high and palladium advanced.
The tourism industry in Chile is going through a very bad moment with a notorious drop in the number of visitors in recent months claim the private sector and local councillors from the city of Viña del Mar, one of the country’s main sea resorts.