With the master touch of Brazilian diplomacy the Friday regional summit with Argentina not only sent a clear political message of understanding between Mercosur main partners, but also evidence of that close coordination.
Argentine farmers are back in the roads, this time for a whole seven-day strike beginning Saturday, the tenth such measure since the conflict erupted a year ago when the administration of President Cristina Fernandez de Kirchner increased export levies on grains and oilseeds.
Argentine visiting president Cristina Fernandez de Kirchner and her Brazilian counterpart Lula da Silva called on Friday for speedier financing of joint development and commerce projects to help stimulate decreasing bilateral trade.
G-20 nations have agreed to develop principles to regulate the banking sector and to make 100 billion US dollars in loans available to the International Monetary Fund to support the developing world according to British government sources.
The US budget deficit will hit 1.8 trillion US dollars this year, a record amount, according to US Congress estimates. The White House said the prediction by the Congressional Budget Office (CBO) would not alter President Barack Obama's policy agenda, nor would it affect its goal to cut the deficit in half by 2013, it added.
Brazil’s government managed oil and gas corporation Petrobras faces a possible nationwide strike by oil workers that could paralyze the company's oil production for five days, starting Monday.
Amazon indigenous groups have won a major victory with Brazil's Supreme Court upholding the integrity of a vast native reserve in the northern state of Roraima next to Venezuela.
Headlines: Chamber clashes with FIG over lack of action; ‘Increased broadband’ announced by Cable and Wireless.
In a further escalation of the conflict with farmers over taxes, Argentine President Cristina Fernandez de Kirchner announced on Thursday that revenue from the levy on soy exports would be shared between the federal, provincial and city governments.
Despite major stimulus packages announced by advanced economies and several emerging markets, trade volumes have shrunk rapidly, while production and employment data suggest that global activity continues to contract in the first quarter of 2009, the IMF said in a new assessment of the global economy.