Indian Industry and Commerce Minister Jyotiraditya Scindia said that India and Mercosur are discussing the possibility to expand a current agreement on tariffs.
South Korea, Asia’s fourth largest economy is seeking to launch bilateral trade talks with Mercosur in a move to deepen links with Latinamerica according to a report from the Yonhap news agency.
Former Cuban leader Fidel Castro, wearing his green military cap and clothing like the commandant of old, made his first speech before the Cuban public since falling ill in 2006, warning of the threat of nuclear war.
A fuel tanker loaded with 9 million litres of diesel fuel has run aground in Canada's Far North but none of the fuel has spilled, the Canadian Coast Guard said on Thursday.
The Brazilian state managed oil company Petrobras unveiled on Friday plans to sell up to 64.5 billion US dollars of new stock, in one of the world's largest public share offerings.
Brazil's economy grew 8.8% in the second quarter compared to the same period a year earlier due to strong domestic investment. The government statistics agency IBGE said Friday that capital spending spiked 26.5% in the April-June period compared to the same period last year.
Argentina’s August 2010 car output reached 72,967 units, which resulted in a 52.6% rise regarding the same month of last year; sales to dealers totalled 61,599 units, or 44.8% more than in August 2009; and exports amounted to 42,526 units, representing a 45.6% year-on growth, according to the Argentine Automakers Association (ADEFA).
The first six months of 2010 saw international tourist arrivals grow by 7% according to the August Interim Update of the UNWTO World Tourism Barometer. This result confirms the recovery trend beginning in the last quarter of 2009 and is expected to continue in the second half of the year at a somewhat more moderate rate but with Asia and Middle East continuing to lead.
Demand for international passenger and cargo traffic increased 9.2% and 22.7% respectively in July compared to the same month a year ago, according to the International Air Transport Association (IATA). The year-on-year comparisons for July were less than the June growth data showing 11.6% and 26.6% increases respectively.