Brazilian President Dilma Rousseff finally announced on Thursday the appointment of Joaquim Levy, as her next Finance minister who is also known as the 'scissors man', who pledged more realistic fiscal targets and promised more balanced economic growth.
European Union and Mercosur representatives analyzed the current state of negotiations for an association and free trade agreement but could not establish a date for the exchange of new proposals because the European Commission has yet not concluded the consultation process with member states to harmonize its proposal.
Uruguayan president Jose Mujica who next Monday begins the last three months of his five-year mandate enjoys a 65% public opinion support according to the latest poll from Mori released this week. Negative opinion only represents 17% while 18% did not say whether they approved or disapproved of the popular leader’s performance.
Uruguay’s Foreign Minister Luis Almagro highlighted that Mercosur is the “main buyer” of Uruguayan exports and strongly defended the country's presence in the regional group, a controversial issue since much of the country's political system and most of the business community want a more dynamic, open trade block.
Brent and US crude oil plunged as much as 6.50 dollars a barrel on Thursday, the steepest one-day falls since 2011 following on OPEC's decision against cutting output despite a huge oversupply in world markets.
US Federal judge Thomas Griesa has rejected a request by European investors seeking payment on Argentine titles currently blocked in New York, despite an ongoing parallel court battle over the issue in London.
Brazil's oil and gas giant Petrobras (and currently immersed in a major corruption scandal) has decided the appointment of a director of governance, risk management and compliance mainly to ensure risk mitigation and ensure the repeat of situations of fraud and corruption, according to a release from the corporation.
Next week, 2-3 December, senior government representatives from more than 30 countries are expected to agree on a pilot system for collecting data on antibiotic resistance—a major step forward in addressing this threat to global public health.
British iconic rock band The Rolling Stones have been named Buenos Aires City “guests of honor”, after the city legislature passed an initiative proposed by ruling Victory Front (FpV) lawmaker Maria Rachid and “Seamos Libres” lawmaker Pablo Ferreyra.
A private report revealed that industrial activity in Argentina dropped 6.1% in October compared to the same period last year, as the manufacturing sector continues to contract pushed by big drops in the auto industry.