President Michel Temer of Brazil is to meet his Russian counterpart Vladimir Putin during his Moscow stop this coming week. Among the items to be discussed is the purchase of air defense missile systems. There will also be talks with Russian investors to discuss energy matters.
US Vice President Mike Pence announced he will be travelling to Central and South America later this year. During a conference on Prosperity and Security in Central America in Miami it became known that the Vice President will be touring Colombia -Cartagena and Bogota-, Buenos Aires, Santiago de Chile and Panama City on August 13-18.
The Group of 20 nations pledged to put growth before austerity, seeking to revive a global economy that remains too weak and adjusting stimulus policies with care so that recovery is not derailed by volatile financial markets.
The G20 group of countries has officially supported plans to fight against international tax evasion by multinational companies. In a statement, the G20 countries agreed to exchange tax information and support the Organization for Economic Cooperation and Development (OECD) in its plans to prevent multinational companies from avoiding tax by moving their profits across borders.
The Group of 20 nations declared there would be no 'currency war' and deferred plans to set new debt-cutting targets in an indication of concern about the fragile state of the world economy.
The finance ministers of the G20 group of nations are meeting in Moscow amid concerns that major trading powers may be heading towards a currency war. Japan's monetary stance has seen a big decline in the Yen, while the Euro has risen against a basket of currencies.
Chile is not interested in joining the G-20 of leading advanced and emerging economies if that means sacking Argentina, said President Sebastián Piñera administration’s spokesperson, Andres Chadwick.
Argentina was accused once more of “protectionism” at the meeting of the Imports License Committee of the World Trade Organization (WTO) in what can lead to a trade dispute with forty countries.
Chilean diplomacy has been active preparing for the next G-20 meeting in Mexico which it plans to attend as a “special guest”, but also because the future could hold an even greater prize if Argentina’s erratic behaviour finally is no longer acceptable for the rest of the group’s members.
As has happened with other leading world opinion makers such as the Financial Times and The Wall Street Journal, that have condemned the seizure by the administration of President Cristina Fernandez of a majority share in the Spanish Repsol owned YPF, The Washington Post has also been extremely critical of the Argentine leader.