Rapid growth of emerging economies like China, India and Brazil is boosting the American exports, US Treasury Secretary Timothy Geithner has said.
China will reduce import tariffs on a range of products and further cut red tape involved in import application procedures, to “maintain balanced trade” according to statements from a senior official to a local newspaper.
Brazil announced Thursday it has become the world’s seventh economy after having expanded 7.5% in 2010, the strongest in 24 years. Brazil’s GDP now stands at 2.1 trillion US dollars with a per capita income of 11.185 USD.
Argentine dock workers blocked two major grain export terminals for a second day on Thursday to press pay demands, but most soy-crushing plants and ports operated normally, the labour cooperative said.
Latin America is enjoying growth and stable democracy with the notable exceptions of the leftist governments of Cuba, Nicaragua and Venezuela, Secretary of State Hillary Clinton said Wednesday.
Bolivia's state-owned oil company YPF Bolivianos said this week that it has signed oil and gas exploration agreements with Brazil's Petrobras and Spain's Repsol.
Argentina's Treasury will borrow 8.40 billion pesos (2.02 billion US dollars) from state-run Banco Nacion this year to refinance some of its debt with the bank, a top official told state news agency Telam on Wednesday.
Argentine presidential pre-candidate Eduardo Duhalde , on the campaign trail, assured that President Cristina Fernández de Kirchner will decide not to seek re-election in June because ”she will realize that she has no chances of winning” in a second round.
Secretary of State Hillary Clinton said Wednesday that Al Jazeera is gaining more prominence in the US because it offers “real news”--something she said American media were falling far short of doing.
Football's governing body FIFA said Thursday that they had achieved a profit of 631 million US dollars over a four year period starting 2007. FIFA revenue during this period was 4.189 billion USD, while the expenses amounted to 3.558 billion USD, the organisation said in a statement.