MercoPress. South Atlantic News Agency
Stories for May 24th 2011
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Tuesday, May 24th 2011 - 00:48 UTC
Argentina auto industry vows export surplus in 2012 after a 6 billion USD deficit in 2010
Ford Motor Argentina is the latest carmaker to sign an agreement with the government to boost exports to compensate for increased imports. Ford has vowed to boost its export surplus to 90 million USD by 2012, the Economy ministry said in a press release Monday. That follows a deficit of 250 million USD in 2010.
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Tuesday, May 24th 2011 - 00:46 UTC
Argentina’s April trade surplus suffers significant contraction on soaring imports
Argentina's trade surplus narrowed 38% in April compared to a year ago with imports increasing far more swiftly than exports, official data showed on Monday.
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Tuesday, May 24th 2011 - 00:40 UTC
S&P revises upward Brazil’s sovereign credit rating from stable to positive
Standard & Poor's said on Monday it had revised its outlook on Brazil's sovereign credit rating to “positive” from “stable,” citing the prospect for steady, long-term economic growth.
