China's manufacturing activity fell to a nine-month low in August, adding to fears that its economy is slowing faster than estimated. The official Purchasing Managers' Index (PMI) fell to 49.2, the lowest reading since November 2011, data released over the weekend showed.
China has signed a deal to buy 50 planes worth 3.5bn dollars from Europe's Airbus. The agreement is part of a slew of trade deals signed by German Chancellor Angela Merkel at the start of a two-day visit to China.
German leader Angela Merkel is due to hold top-level talks Thursday on her second visit to China this year, with Europe's debt crisis taking centre stage as it begins to drag on the two global powers.
Brazil’s energy giant Petrobras said on Tuesday it will deploy the world’s first floating oil terminal capable of refueling tankers on the high seas.
Confidence in the state of the world economy over the next 12 months fell to the lowest level in five quarters, according to the Global Confidence Index prepared by the World Economic Forum.
Argentina trade surplus in the first half of the year reached 7.336 billion dollars, up 26.8% over the same period a year ago, with exports reaching 39.647bn dollars and imports 32.311bn, according to the official stats office Indec.
Venezuelan oil sales to China have jumped by 60% since the start of the year, the country's oil minister said in an interview published on Sunday in the state-run Correo del Orinoco.
Trade with China for Argentina has great opportunities but also great threats because the Asian giant is only interested in produce with no added value, warned the head of Argentina’s Industrial Union, Ignacio De Mendiguren.
Federal Planning Minister Julio de Vido announced that several members of the Argentine Government would be flying to China in September in order to close several cooperation agreements between Chinese oil companies and YPF, intended to deepen the bilateral relations.
President Jose Mujica said Uruguay was going through an ‘exceptional’ period vis-à-vis the world crisis but also warned that exceptionality has limits and is not forever.