For Mercosur it is absolutely crucial that the trade and cooperation agreement with the European Union becomes effective said Uruguayan Vice-president Danilo Astori who indicated that Brazil and Uruguay are advancing the agreement at a faster speed than Argentina, which is involved in a more protectionist focus.
Airports in Rio and Belo Horizonte, two host cities of the 2014 World Cup, are to be privatized at an auction this week, Brazilian civil aviation authorities said this week. Press reports said five consortia, each with at least one foreign partner, are to take part in Friday's auction at the Sao Paulo stock exchange.
Brazil's jobless rate fell to 5.2% in October from 5.4% the previous month, despite sluggish economic growth, official statistics released Thursday showed. In October of 2012, the rate stood at 5.3%, according to the Brazilian Institute of Geography and Statistics (IBGE). Brazil experienced record low unemployment of 4.6% last December.
Argentina's newly appointed Cabinet Chief Jorge Capitanich told reporters Thursday morning at the Casa Rosada that the government of President Cristina Fernandez will generate conditions to deepen the model,” which means to boost economic growth and employment opportunities, increase exports and create conditions for private and public investment.”
Colombian President Juan Manuel Santos announced he would seek a second term in office next May, a widely expected decision that could offer him another four years to pursue a peace process he initiated with Marxist FARC rebels.I want a Colombia that is at peace and prosperous for all, Santos said in an address to the nation.
As Canadian energy stocks are finally seeing a bit of a push, and demand for Canadian commodities looks set to rise, juniors are confident that economics will ensure that Canadian oil—the cheapest in the world—will find its way to more markets, with or without Washington's approval of Keystone XL.
“God, how much I missed you”, were the first words from Argentine president Cristina Fernandez to her supporters, mostly young, who congregated on Wednesday late evening in the several patios of Casa Rosada to welcome her first live appearance since the 45-day long medical leave.
The Organization for Economic Cooperation and Development, OECD, cut its forecast for global economic growth through next year and warned that fiscal and monetary policy decisions looming in the U.S. could derail the recovery. OECD said world economic output would expand 2.7% this year and 3.6% in 2014, down from May's forecast of 3.1% and 4%.
In an emotional but brief (eleven minutes) ceremony Argentine President Cristina Fernandez, on Wednesday late evening, was back on stage at the Casa Rosada, the first time since she underwent cranium surgery six weeks ago, for the oath-taking ceremony of three new top officials who will be decisive ministers in the last two years of her second mandate.
Spain’s Minister for European Affairs Iñigo Méndez de Vigo has said Madrid will maintain strict controls at the border. Speaking with the media in Brussels the minister said that the European Commission had endorsed the action it has being taking as in line with EU norms.