Stories for April 13th 2011

Wednesday, April 13th 2011 - 23:04 UTC
EU, Colombia, Peru sign ambitious trade agreement; saves half a billion Euros in tariffs

EU Trade Commissioner Karel De Gutch together with Colombian Minister for Trade Sergio Diaz-Granados Guida and Peruvian Deputy Minister for Foreign Trade Carlos Posada Ugaz, celebrated Wednesday in Brussels the initialling of an ambitious trade agreement between the EU, Colombia and Peru.
Wednesday, April 13th 2011 - 23:00 UTC
Obama unveils his plan to cut the federal budget which includes tax increases

President Barack Obama called for an overhaul of the U.S. tax code for individuals and businesses and said he wants to raise an additional 1 trillion US dollars through tax increases over the next decade.
Wednesday, April 13th 2011 - 22:55 UTC
Mercosur/EU will exchange proposals in the coming two months, says De Gutch

The European Union and Mercosur currently holding a round of association and trade talks will be exchanging proposals for market access of their list of products in the coming two months, according to the EU Trade Commissioner Karel De Gucht.
Wednesday, April 13th 2011 - 18:34 UTC
Mercosur to release members’ same criteria macro-economic data beginning June

Beginning June, Mercosur full members will share macro-economic indicators elaborated with the same criteria and which will be released simultaneously, according to reports in the Montevideo press. The initiative was partly financed by the European Union that also played an advisory role.
Wednesday, April 13th 2011 - 18:17 UTC
EU ‘animal well being’ group warns about Mercosur livestock conditions

The Eurogroup for Animals called on the European Union to demand from Mercosur farmers associations and governments the same ‘animal well-being’ requisites and regulations which their European counterparts must comply with.
Wednesday, April 13th 2011 - 17:10 UTC
UK Europe Minister praises relation with Spain, but underlines no compromise on Gibraltar

The Right Honourable David Lidington MP, the UK Minister of State for Europe, paid a short overnight familiarisation visit to Gibraltar, arriving Tuesday and leaving Wednesday lunchtime
Wednesday, April 13th 2011 - 17:06 UTC
Chile raises basic rate to 4.5%, but more on the pipeline says Capital Economics

The Central Bank of Chile (CBC) hiked interest rates by 50bps to 4.5% on Wednesday but with the near-term outlook for growth very good and inflation likely to top 5% in Q4, further policy tightening is on the way, reports Capital Economics that estimates rates to reach 6% by year-end.
Wednesday, April 13th 2011 - 05:41 UTC
IMF approves Uruguay’s performance but road ahead has many uncertainties

Uruguay’s growth estimate for this year remains at 5% but is forecasted at 4.2% for 2012 with warnings on the economy’s over-heating, significant inflow of capital and inflation, according to the IMF World Economic Outlook released this week. In 2010 the Uruguayan economy expanded 8.5%.
Wednesday, April 13th 2011 - 05:37 UTC
Tail section of Air France plane located on the Atlantic bed 4 km down

The tail section of an Air France plane which crashed over the Atlantic in 2009 has been found on the ocean floor, relatives of those killed have said. Investigators had told them the section was “relatively intact”, they added.
Wednesday, April 13th 2011 - 05:31 UTC
Re-elected governor gives full support to CFK re-election; criticizes Moyano

A recently re-elected Argentine provincial governor gave his full support for the re-election of President Cristina Fernandez de Kirchner, CFK, and asked for “more limits” to be imposed on Hugo Moyano, Argentina’s organized labour chief who attacked the incumbent candidate during the campaign.