Japan Nissan's top executives travelled to Resende, Rio do Janeiro state on Tuesday to inaugurate a complex designed to turn out 200,000 vehicles and engines per year with the goal of capturing 5% of Brazil's new car market by 2016.
European Central Bank (ECB) has said it will provide further stimulus to the Euro zone economy if inflation in the bloc continues to remain low. Mario Draghi, said a stronger Euro would act as a trigger to looser monetary policy.
Fiat Argentina's CEO Cristiano Rattazzi compared inflation in Argentina with that of Venezuela and Sudan and called on the government of President Cristina Fernandez to bring it down to one digit and help stabilize production costs and exports.
Official inflation in Argentina during March was 2.6%, according to Economy minister Axel Kicillof who underlined that during the month there was a considerable deceleration in the increase of prices, in most items with the exception of clothing and private schooling.
US budget deficits over the next decade will be 286 billion less than previously estimated, the Congressional Budget Office said on Tuesday, attributing much of the decline to lower estimates of subsidy costs under President Barack Obama's health insurance reform law.
Next 17 April is “World Malbec Day” and for the fourth running year Argentina Wines will be promoting the image of the varietal in over sixty events in 55 different cities in 44 countries. This year the event will be supported by the pleasure of good music with the purpose of attracting young consumers, 25 to 35 year old.
Argentina's Economy minister Axel Kicillof tried to downplay his recent to the G20/ IMF annual meetings held in Washington, saying the country is a regular attendant, and insisting that the country has no agreements with the IMF ”because it’s not an Argentine creditor”. Cabinet chief on the other hand described Argentina's relation with the IMF as 'normal'.
Colombia’s rich natural heritage as one of the world’s most bio-diverse countries is coming under increasing pressure from extractive industries, livestock grazing, urbanization and car use, according to the latest OECD report on Environmental Performance Review, which will addressed when talks on Colombia’s accession to the Organization for Economic Cooperation and Development.
Mexico's Economy Secretary Ildefonso Guajardo Villarreal and the chairman of the Organization for Economic Cooperation and Development, OECD, José Ángel Gurría Treviño have met to address relations between OECD and the Pacific Alliance, and global value chains.
Chinese consortium is buying Glencore Xstrata's copper mine in Peru in a 6bn dollars all-cash deal, marking one of China's largest mining acquisitions. The consortium is led by MMG Limited and includes China's Citic Metal.