MercoPress. South Atlantic News Agency
Stories for October 9th 2013
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Wednesday, October 9th 2013 - 05:49 UTC
Brazil finishes trade liberalization proposal for Mercosur/EU negotiations
The Brazilian government National Trade Council, Camex, approved the contents of a proposed trade liberalization offer to be made by Brazil involving negotiations for a wide ranging cooperation and trade agreement between Mercosur and the European Union.
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Wednesday, October 9th 2013 - 05:46 UTC
Venezuelan minister invited to Paraguay: Mercosur and bilateral relations in the agenda
Venezuela Foreign minister Elias Jaua is expected Wednesday in Asuncion, a guest of the Paraguayan government to talk about bilateral relations, Mercosur and to advance in negotiations of common interest, according to sources from the administration of President Horacio Cartes.
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Wednesday, October 9th 2013 - 05:38 UTC
Brazil expected to announce “the largest oil discovery in the world this year”
Petrobras CEO Maria das Gracas Foster described as ‘simply exceptional’ the latest discovery of hydrocarbons off the coast of the north-eastern state of Sergipe on the Atlantic but declined to give further details of the prospect. Even when the Brazilian administration has abstained from making any announcement the Sergipe government has said “it is the largest oil discovery in the world this year”.
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Wednesday, October 9th 2013 - 05:33 UTC
French Total signs to explore for oil to the north of Uruguay
French energy giant Total signed on Tuesday a deal with Uruguay’s oil company Ancap to search for oil in the northern counties of Artigas and Salto in an area of 6.200 square kilometres.
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Wednesday, October 9th 2013 - 05:28 UTC
IMF forecasts higher growth for Argentina this year, but reliability of official stats remains controversial
Argentina’s growth has recovered because of an abundant crop but economic activity continues to be contained because of the exchange rate and other administrative controls, according to the IMF latest World Economic Outlook (WHE), Latam and Caribbean chapter released on Tuesday. The IMF statement refers to Argentina’s export duties and the so called ‘dollar clamp’ which bans even saving in US dollars.
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Wednesday, October 9th 2013 - 05:25 UTC
Lower commodity prices and poor infrastructure cut Latam growth prospects says IMF
The International Monetary Fund on Tuesday cut its economic growth forecast for Latin America and the Caribbean, blaming, at least in part, poor infrastructure and lower commodity prices. In its latest World Economic Outlook report, the IMF noted that emerging markets generally were facing a dampening of growth amid “less supportive external conditions and domestic supply-side constraints.”
