Economy

• Friday, December 14th 2012 - 07:36 UTC

  Banco do Brasil expects to open its first commercial branch in China early 2013

  

  Government owned and the largest in the country in assets, Banco do Brasil received this week approval from China’s regulator to open a commercial branch in the country which is Brazil’s main trading partner.

• Friday, December 14th 2012 - 07:30 UTC

  IMF expected to delay action on Argentina on stats dispute until mid January

  

  The IMF said Thursday that it was unlikely to take action on Argentina failure to supply accurate statistical data before January, if the country misses a deadline next Monday.

• Friday, December 14th 2012 - 07:16 UTC

  EU reaches landmark deal to make the ECB the top banking supervisor

  

  The European Union reached a landmark deal on Thursday to make the European Central Bank the bloc's top banking supervisor, giving EU leaders greater confidence that they are gaining the upper hand over the Euro zone's debt crisis.

• Friday, December 14th 2012 - 07:07 UTC

  Brazil outbound travel, preferably Europe and US one of the fastest growing

  

  In terms of outbound travel South Americans are ahead of everyone else in the Americas. In 2012, they undertook 12% more trips abroad than last year, marking a new record. The country clearly driving growth is Brazil.

• Friday, December 14th 2012 - 06:58 UTC

  P&O cruise vessels choose Falklands over Ushuaia, Puerto Madryn and Buenos Aires

  

  P&O, a subsidiary of Carnival Corporation Plc and one of the world’s leading cruise operators will be omitting Puerto Madryn, Ushuaia and Buenos Aires from its 2013 season because of the difficulties encountered by its red ensign vessels in Argentine ports during recent months. However the company confirms that the vessels will continue to call in the Falkland Islands.

• Friday, December 14th 2012 - 05:15 UTC

  Argentina announces payments of over 3.5bn dollars in GDP-linked bonds

  

  Economy Minister Hernán Lorenzino announced on Thursday Argentina will be making payments for more than 3.5 billion dollars in GDP-linked bonds, at the Economy Ministry.
  Lorenzino presented the payment as a triumph against the hedge-funds.

• Friday, December 14th 2012 - 05:01 UTC

  Brazil plans to build 800 regional airports linking cities with 100.000-population

  

  Brazil's president, Dilma Rousseff, told reporters in Paris her government intends to build approximately 800 regional airports in Brazil. The project considers that each city with over 100.000 inhabitants should have an airport within a 60-kilometer range.

• Friday, December 14th 2012 - 04:55 UTC

  World’s largest pulp and forestry complex begins operation in south Brazil

  

  Brazilian group JBS-Friboi, a leading global exporter of meat products, has inaugurated an industrial complex for pulp production with an investment of 6.2 billion Reais (approx 3 billion dollars).

• Friday, December 14th 2012 - 04:45 UTC

  ‘Argentina’s behaviour’ main obstacle for EU/Mercosur trade talks says Brussels

  

  The European Union Trade Commissioner openly accused “Argentina’s behaviour” as the main obstacle in discussions to advance and reach a free trade agreement with Mercosur.

• Thursday, December 13th 2012 - 07:23 UTC

  Rousseff warns austerity measures alone are not sufficient to address economic crises

  

  Brazilian president Dilma Rousseff criticized in Paris policies that are limited to austerity when facing crises because they are not effective in economic terms and only generate ‘more recession and unemployment”.