Brazil’s powerful Federation of Industries of Sao Paulo State (Fiesp) is set to create a Chinese Studies Centre in partnership with the federal government, the president of the federation said in Sao Paulo.
The current-account deficit in the U.S. narrowed 9.7% to 113.3 billion US dollars in the fourth quarter, reflecting an increase in exports. The deficit for all of last year widened to 470.2 billion USD or 3.2% of GDP from 2.7% in 2009.
When US president Barack Omaba lands in Brazil next Saturday the emphasis of the visit will be on deepening economic relations and potential business opportunities, but Brazil has made it plain clear that any free trade talks with the United States can only take place in the framework of Mercosur.
The number of unemployed in the UK has hit a 17-year high of more than 2.5 million and pushed the unemployment rate to 8%, official data showed Wednesday.
The Brazilian government said GDP is expected to grow by more than 5% a year through 2014. The Finance Ministry says in a release argued that increased long term investments by the private sector will be fundamental in achieving the projected growth.
European Agriculture Commissioner Dacian Ciolos has been warned of the dangers facing Scotland if the EU opens its markets to large quantities of ‘cheap meat’ imports from Mercosur, reports the Farmers’ Guardían.
Inflation in Argentina advanced 0.7% in February over the previous month pushed mainly by increases in the clothing sector (2.2%) and leisure activities (3.5%), according to the official Indec National Statistics Bureau. During the first two months of the year, the consumer prices index accumulated 1.5%.
Japanese stocks rebounded Wednesday as concerns over the long-term impact of Friday's earthquake and tsunami on Japan's economy ease.
Friday's earthquake and tsunami have left parts of Japan's economy frozen, but analysts forecast that it will bounce back later this year. Some of the country's leading producers, including the world's biggest carmaker, Toyota, have closed all of their plants in the country.
Arguing that the US economic recovery is on a firmer footing, and overall conditions in the labour market appear to be improving gradually, the Federal Reserve on Tuesday left interest rates unchanged at a record low of zero to 0.25% since December 2008.