Economy

Thursday, December 22nd 2011 - 05:06 UTC
Brazilian leading meat processors exchange assets to comply with anti-trust body

Brazilian meat processors BRF Brasil Foods and Marfrig announced a deal on Thursday to trade assets, including a block of properties that Brazilian anti-trust body CADE mandated to be sold as part of the Sadia and Perdigao approval in July.
Thursday, December 22nd 2011 - 05:01 UTC
European Central bank supports financial sector with ultra-cheap € 490 billion

Europe's banks borrowed nearly 490 billion Euros from the European Central Bank at its first-ever offer of three-year loans on Wednesday, encouraging demand for the Euro and stocks on hopes the funding will ease the two-year old debt crisis.
Wednesday, December 21st 2011 - 17:24 UTC
The Falklands are resourceful and will adapt to changing logistics say industry sources

Reacting to the news this week that all Mercosur member countries had agreed to close their ports to ships flying the Falkland Islands flag, Cheryl Roberts, chair of the Falkland Islands Fishing Companies Association, stated that: “It is still too early to say exactly what the effect might be, whilst obviously disappointing we are now working to find solutions to minimise any potential impacts, both operational and economic, of the recent decision.
Wednesday, December 21st 2011 - 05:58 UTC
“Malvinas is a global cause” because it involves the grabbing of natural resources

“Malvinas is not an Argentine cause, it’s a global cause because they are taking our fisheries and oil resources” said Argentine president Cristina Fernandez on taking the Mercosur rotating chair for the next six months.
Wednesday, December 21st 2011 - 05:53 UTC
Mercosur supports Argentina: bans access to all Falklands/Malvinas flagged vessels

Mercosur member countries (Brazil, Argentina, Paraguay and Uruguay) finally agreed Tuesday to close its ports to ships flying the flag of the disputed Falkland/Malvinas Islands, announced Uruguay's president at the closing of the group’s two-day summit in Montevideo.
Wednesday, December 21st 2011 - 05:49 UTC
Chavez claims five Paraguayan lawmakers are impeding Venezuelan access to Mercosur

President Hugo Chavez claimed that a small group of Paraguayan lawmakers, manipulated by a “powerful black hand”, are impeding the long-delayed access of Venezuela as full member of Mercosur.
Wednesday, December 21st 2011 - 05:39 UTC
Lugo complains restrictions on market access and in energy integration

Paraguayan president Fernando Lugo called for the free flow and free access of his country’s goods to Mercosur senior members’ markets and insisted on the energy integration of the block.
Wednesday, December 21st 2011 - 05:34 UTC
Mercosur signs free trade agreement with Palestinian Authority

Mercosur signed a free trade agreement with the Palestinian Authority on Tuesday, the first between the territories and a block of nations outside the Arab world. The ceremony took place during Mercosur presidential summit in Montevideo.
Wednesday, December 21st 2011 - 05:29 UTC
Ecuador wants closer ties between Mercosur and the Andean-Pacific countries

Ecuadorean president Rafael Correa said he was satisfied with having presented an official request for his country to join Mercosur and also called for closer links between Mercosur and the Andean Nations Community, CAN.
Wednesday, December 21st 2011 - 02:28 UTC
Regional inter-trade expands 25% and is expected to reach record 160bn dollars

Trade among ALADI, Latin American Integration Association, which includes all the hemisphere countries with the exception of a few from Central America and the Caribbean, is expected to reach a historic record in 2011 close to 160 billion dollars, ahead of the 2008 record with 146 billion dollars.