Exports of US goods and services rose to a record 175.6bn in April, helping to shrink its trade deficit. Data from the Commerce Department showed the gap between imports and exports fell by 6.7% to 43.7bn as manufacturers shipped more items such as computers.
Peruvian president-elect Ollanta Humala was received on Thursday with “a wide offer of cooperation in all fields” in Brazil, the first stop in his regional-visits round following his Sunday victory.
The Paraguayan Senate approved the Unasur, Union of South American Nations charter and treaty which were signed by the Executive in May 2008. The next step is in the Lower House which will then formalize Paraguay’s full membership of the group.
Secretary-General Ban Ki-moon leaves New York on Friday for a week-long trip that will take the United Nations chief to Colombia, Argentina, Uruguay and Brazil, the UN press office reported.
Commenting this week’s resignation of Brazilian chief of staff Antonio Palocci in the midst of a political crisis that has shaken Brazil in the past few days, former president Lula da Silva said that Dilma “had the authority to fire the chief of staff and acted at the right time.”
A top European Commission official is on a round of visits to South American countries to strengthen economic, industrial and tourism ties with the region because Latin America has emerged as “a strategic and dynamic economic player”.
The Falkland Islands elected government responded to an Argentine inspired declaration from the Organization of American States, OAS, saying that the Falklands have “a right to self determination” and fully supports the UK government’s resolute position that “the issue of sovereignty is non negotiable”.
Brazil’s 2010/2011 crop of grains and oilseeds is estimated to reach 161.5 million tons, up 8.2% (8.2 million tons) over the previous farm year (149.2 million tons), according to the latest survey from the National Supplies Corporation, Conab.
Brazil is poised to overtake the United States for the first time ever, as the world’s leading exporter of chicken, with a third of global trade, according to the latest statistics from FAO released this week.
The Federal Reserve does not need to consider additional monetary policy stimulus as the world's largest economy is likely to pick up in coming quarters due to growth in exports and disposable incomes, IMF acting chief John Lipsky said.