Brazil has plans to counter the latest battery of trade restrictions which Argentina announced, if they turn out to the barriers for Brazilian exports, reported the influential Folha de Sao Paulo.
The global average temperature in 2011 was the ninth-warmest in the modern meteorological record, continuing a trend linked to greenhouse gases that saw nine of the 10 hottest years occurring since the year 2000, NASA scientists said this week.
Reacting to Brazil’s trade minister Fernando Pimentel comments describing Argentina as “a permanent problem” Industry Minister Debora Giorgi said that “the trade balance reality between Argentina and Brazil does not warrant Pimentel's complaints”.
The European Union considers that the new tense situation between Argentina and the UK over the Falklands/Malvinas Islands is a “bilateral issue”, however the Falklands figure under EU treaties as a British Overseas Territory, said the EU Foreign Affairs Representative spokesperson.
Ships from the Falkland Islands that are barred from ports in Argentina and other Mercosur trade bloc countries can re-flag as British ships at any time to avoid the ban, British Foreign Secretary William Hague told reporters in Rio de Janeiro on Thursday.
Fitch expects its ratings review of six Euro zone states will result in downgrades of one to two notches in most of those countries, senior director Ed Parker said at a Fitch conference in Madrid.
British Petroleum is likely to agree to pay the US Department of Justice 20 to 25 billion dollars to settle all charges around the Gulf of Mexico oil spill, according to a leading analyst, a prediction that is at least twice what the company has set aside.
UK unemployment rose by 118,000 in the three months to November to 2.69 million, official figures show. The Office of National Statistics (ONS) said the unemployment rate also rose to 8.4% from 8.3%, the highest since January 1996.
While the Republicans can’t agree on a presidential candidate and continue to lash their own hopefuls, US president Barack Obama has been receiving additional good news from the jobs market.
The head of the Argentine Industrial Union (UIA), José Ignacio de Mendiguren said on Thursday that the complaints from Brazil over the Argentine import restrictions are “unjustified”.