Greece faces an exit from Europe's common currency block unless it clinches a deal on a second 130 billion Euro bailout with its international lenders, a government spokesman said on Tuesday.
German unemployment fell to its lowest rate in December since 1991, according to the German Federal Labour Agency.
Petrobras has discovered light oil and gas accumulation in the Tambuata prospect in Brazil’s offshore Espirto Santo basin. Well 4-GLF-31-ESS was drilled in 1.520 metres water depth in the Golfinho Concession (4-BRSA-1001-ESS).
The German cruise vessel ‘Deutschland’ docked Monday at the port of Rosario on the mighty Paraná River which is also the hub for Argentina’s grains and oilseeds basin.
Argentina ratified Tuesday its ‘imprescriptible” sovereignty rights over the Malvinas, South Georgia, South Sandwich Islands and adjoining maritime spaces and blasted the UK for not abiding by UN resolutions calling for bilateral talks.
Denmark has assumed the presidency of the European Union as the 27-member bloc continues efforts to tackle the crisis ravaging the continent. Prime Minister Helle Thorning-Schmidt has said Denmark aspires to strengthen the EU in a difficult time.
Brazil is moving into an ‘era of prosperity’ characterized by ‘income distribution and a notorious drop in inequalities” said President Dilma Rousseff in her first 2012 radio edition of ‘Enjoying coffee with the President’, where she also dared to use the word ‘protection’ in reference to jobs and the domestic market.
Brazil's 2011 trade surplus soared 47.8% to nearly 30 billion dollars, compared with the previous year, the highest since 2007, with record exports and imports, official data showed Monday.
Uruguay’s trade deficit soared to 549 million dollars in 2011 because of an increase in imports of 23.6%, far ahead of exports rise, 18.1%, according to the Uruguayan government foreign trade institute Uruguay XXI.
Venezuela's PDVSA said on Monday it will pay Exxon Mobil Corp 255 million dollars in compensation for nationalized assets, which is less than a third of what the US oil giant said it was awarded by an arbitration panel.