Brazil’s government managed Vale and the world’s third-largest mining company, suspended works at its 6 billion dollars potash project in Argentina indefinitely. A suspension at the Rio Colorado potash project in the Argentine province of Mendoza since last month will be maintained, the Rio de Janeiro-based company said in an e-mail.
British Prime Minister David Cameron insisted on Thursday he was not turning his back on Europe as the global elite at the annual Davos meeting gave his referendum plans a frosty reception.
The government of the Falkland Islands has made a transfer of over 8 million pounds (£ 8.274 million) to the new Oil Development Reserve, a first step towards a ‘Sovereign Wealth Fund’ based on the Norwegian model it was explained at this week’s meeting of the Standing Finance Committee.
France, Germany and nine other European Union states side-stepped British opposition this week and won approval for a tax on financial transactions, it emerged on Wednesday.
Monsanto the world’s biggest seed company agreed to waive two years of royalties on its Roundup Ready soybean seeds for Brazilian farmers who agree to forgo claims in a patent dispute.
Banco Santander chairman Emilio Botin denied this week that he is selling his company’s assets in Brazil and said his bank is only interested in “buying” in Latinamerica’s leading economy.
Several European leaders among which the president of the European Council Herman Van Rompuy and the head of EU diplomacy Catherine Ashton are touring several Latinamerican countries with the purpose of strengthening relations with a region in full development but which lately has been increasingly focused on China.
The European Union is the “most desired strategic partner” of Latinamerica, although with different intensity, according to a report from the International Prospective Institute, IPI, released on Monday in Madrid and ahead of the coming EU/CELAC summit in Santiago de Chile.
In an extremely tight German state election, and eight months ahead of the national election, the Christian Democrats (CDU) lost Lower Saxony, which comes as a blow for Chancellor Angela Merkel who enjoys majority support in public opinion polls.
Argentine president Cristina Fernandez ended on Sunday in Hanoi her visit to Vietnam the last leg of a week-long business and political trip that took her to the United Arab Emirates, Indonesia and finally the land which she emphasized represented an icon for her generation.