Argentine and Brazilian footwear manufacturers clashed this week over restrictions to trade, mainly through the delay in approving import licences but agreed to keep talking next month in Rio do Janeiro.
Brazil’s central bank cut borrowing costs by half a point for a second straight meeting. The bank’s board, led by President Alexandre Tombini, voted unanimously to reduce the benchmark Selic rate to 11.5% from 12% percent.
The Basque separatist group ETA says it has called a definitive cessation to its campaign of bombings and shootings. In a statement provided to the BBC, Eta called on the Spanish and French governments to respond with a process of direct dialogue.
The European Union has agreed that around 100 billion Euros is needed to recapitalise the European banking system, but splits remain before a high-profile summit on Sunday over how to strengthen the Euro zone's bailout fund.
Venezuelan leader Hugo Chavez self-declared he was cancer-free on Thursday four months after surgery to remove a cancerous tumour that shook the oil rich country ahead of a 2012 presidential vote.
French President Nicolas Sarkozy said on Thursday that the death of Muammar Gaddafi turned a page for the Libyan people and signalled the start of a democratic process.
In the current global context “it’s hard to see an advance in the free trade negotiations with the European Union” said on Wednesday the block’s High representative Ambassador Samuel Pinheiro Guimaraes.
In an attempt to accelerate talks on a trilateral free trade agreement (FTA) , the India-Brazil-South Africa (IBSA) summit decided to hold an annual meeting of trade ministers from the three countries beginning from March next year.
Former Brazilian president Lula da Silva recommended European Union leaders to stop discussing balancing budgets and recapitalization of banks and find a solution to the current crisis through more economic growth, more trade and more jobs.
Hundreds of members from indigenous tribes opposing a jungle highway financed by Brazil and that they say will spoil their lands in Bolivia's Amazon drew cheers Wednesday when they paraded into the capital La Paz after a 63-day protest march.