World Trade Organization (WTO) chief Pascal Lamy said Tuesday that he was still cautious about the outlook of the Doha Round of global trade negotiations despite a detailed work program drawn up by senior officials last week. He also called for leadership and responsibility from G-20 leaders meeting this week in Pittsburgh.
Moody's Investors Service raised Brazil's sovereign debt ratings to investment grade on Tuesday and underlined the resilience of Latinamerica's largest economy to the global financial crisis.
China has appealed a World Trade Organisation (WTO) decision against its restrictions on the import of US DVDs and other media products. The WTO settlement had said China was breaching international trade rules by blocking foreign-owned firms from being importers and wholesalers.
A United Nations report released last week said that industrial and energy projects set in motion before the official adoption of Chile’s “Convention 169” in September should still compensate indigenous communities for current and future effects caused by their projects.
Brazilian Cabinet Chief Dilma Rousseff, President Lula da Silva’s likely choice to replace him, fell to third place in a survey of voter preferences ahead of 2010 presidential elections.
Brazilian billionaire Eike Batista said he may be interested in acquiring a stake in the world’s biggest iron-ore producer Vale do Rio Doce, after one of the company’s shareholders said he showed “interest” in buying its stock.
Mar del Plata, Argentina will host the next Ibero-American summit in November 2010 in coincidence with the bicentennial of the country, announced Ibero-American chairman Enrique Iglesias following a meeting with President Cristina Fernandez de Kirchner in New York.
Rockhopper Exploration, the oil and gas explorer working in the North Falkland Basin said on Tuesday that it had a very real prospect of taking part in a multi-well drilling campaign in 2010.