Brazil imposed on Wednesday a tax on bets against the US dollar and warned it may boost intervention in the nation’s derivatives market in a bid to weaken a currency that reached a 12-year high this week. The Real declined by the most in almost three months at times loosing up to 2% to the US dollar.
Britain can’t go on shielding behind its membership of the UN Security Council to avoid dialogue on the Falklands/Malvinas question, but Argentina is confident “negotiations will take place” said Foreign Affairs minister Hector Timerman in Paris following a meeting with his French peer Alain Juppé.
Lending by Brazil’s BNDES (National economic and social development bank) totalled 43.5 billion Real (29bn dollars approx) in the first five months of the year, representing a contraction of 6% compared to the same period in 2010, according to a bank’ release.
The United Nations Economic Commission for Latin America and the Caribbean, ECLAC, held a ceremony in its Santiago de Chile headquarters to honour Enrique Iglesias, the Uruguayan economist who was executive secretary of the commission from 1972 to 1985 and is currently, Secretary-General of the Ibero-American Secretariat.
The head of the World Trade Organization Pascal Lamy warned Tuesday its 153 members of the consequences on failing to agree a watered-down global trade deal by December and called for an adult conversation over what to do next.
Brazilian former president Lula da Silva criticized rich countries for their roll on the current economic crisis that has been changing the world’s economic map and once again came out forcibly in support of President Dima Rousseff.
The Norwegian mass killer Anders Behring Breivik, 32, makes reference to Brazil as a ‘dysfunctional’ county in his document “A European Declaration of Independence- 2083”, which was published in Internet.
Argentina liberated 450.000 tons of wheat for export, a decision which is believed to be closely linked to Sunday’s election in the farming province of Santa Fe where the government of President Cristina Fernandez de Kirchner suffered a major defeat.
Global oil demand will increase further next year, the International Energy Agency (IEA) has predicted. The IEA, which represents the main oil consuming nations, said the increase in crude usage would continue to be driven by emerging economies.
To promote good neighbourly relations and closer ties between Gibraltar and La Linea, the Spanish town Mayor, Gemma Araujo, hosted a Gibraltar Day at the official municipal pavilion of the La Linea Fair.