Bolivia has fallen from second to sixth place in the ranking of largest holder of proven natural gas reserves in South America, with Peru behind Venezuela as the two leading countries, admitted a Bolivian Hydrocarbons Association, or CBH, report.
China on Sunday reported a surprise quarterly trade deficit of 1.02 billion US dollars, the first in six years as it settles to rebalance its export oriented economy to boost domestic consumption in the next five years.
Oil prices have surged to a two-and-a-half-year high on concerns about supply and a weaker dollar. Brent crude topped $126, while US crude was at $112.79.
United States congressional leaders have agreed on a budget deal to fund the US government for the rest of the fiscal year, just before a midnight deadline. It will reportedly cut 39 billion USD from the budget over last year's levels between now and 30 September.
Brazil’s currency climbed again on Friday trading at its best levels in more than two years, as investors brushed aside another Brazilian government measure to limit credit consumption in an attempt to tame inflation.
Argentina plans to extend the equivalent of 750 million US dollars in subsidized loans to meat producers to spur increased production of beef, chicken and pork.
Peru and Mexico signed this week a trade agreement with the aim of jointly reaching out to Asia, an undertaking that they want Chile and Colombia to join
BRIC countries (Brazil, Russia, India and China) are expected to contribute one-third of the world's GDP increase in 2015, by which time their total economy will surpass United States, according to a leading Chinese think tank.
Royal Dutch Shell Plc, the world’s biggest distributor of bio-fuels, is shifting research to waste from sugar-cane farming after ending an algae project in Hawaii. Shell, Iogen Corp. and Codexis have been researching enzymes to produce cellulose ethanol from wheat stalks and sugar-cane bagasse, a sugar industry waste product.
Argentina’s hurdles to imports don’t help European Union /Mercosur trade negotiations and generate “uncertainty” warned the EU head of delegation in Argentina Alfonso Diez Torres. He also criticized the “one to one” Argentine policy that forces the local assembly plants to match every import-dollar with export dollars.