Economy

• Tuesday, April 26th 2011 - 02:20 UTC

  Pacific accord “no conflict” for Mercosur or Unasur, says Brazil

  

  The pro-business block initiative that will be signed this week by Pacific countries leaders from Chile, Peru, Mexico and Colombia presents no potential conflict for Brazil or Mercosur said on Monday the Brazilian Foreign Affairs ministry.

• Tuesday, April 26th 2011 - 01:57 UTC

  Brazil needs a budget surplus and strong savings, recommends former president

  

  It is not possible to control the value of Brazil's currency through taxes on foreign capital, former President Fernando Cardoso told the US network Consumer News and Business Channel, CNBC.

• Tuesday, April 26th 2011 - 01:49 UTC

  Rousseff admits she is “immensely worried” with inflation

  

  Brazilian President Dilma Rousseff said on Monday she is “immensely worried” about inflation near the top of the official target range and that the government will act to keep prices from rising further.

• Tuesday, April 26th 2011 - 01:46 UTC

  Banco do Brasil moves into the US and buys Florida based bank

  

  Latin America's largest bank by assets, Brazil's government-controlled Banco do Brasil will invest 25 million US dollars in its newly acquired U.S. operations as it continues to roll out its international expansion plan. The announcement follows the signing on Monday of a contract to buy Florida based EuroBank for 6 million US dollars.

• Tuesday, April 26th 2011 - 00:45 UTC

  Brazil moving to cut share of inflation-linked federal debt bonds

  

  Brazil's federal public debt rose in March as the government issued more debt than it redeemed and paid higher servicing costs, the national treasury said on Monday.

• Monday, April 25th 2011 - 18:59 UTC

  Falklands’ market garden approaches 25th anniversary against all odds

  

  Almost twenty five years after its inception, and despite setbacks primarily brought about by Falklands/Argentine politics, the bustling market garden, Stanley Growers, on East Falkland Islands, now prides itself on being in the top three countries in the cruise ship catering world for the quality of its produce.

• Monday, April 25th 2011 - 07:51 UTC

  G20 to address commodity prices “volatility” in special meeting in Argentina

  

  G-20 Economy ministers will be meeting May 18/19 in Argentina to address commodity prices’ variations, according to Argentine sources. The meeting was agreed during the recent IMF/World Bank spring assemblies in Washington, following on Argentina’s deep concern about the “volatility” of commodity prices.

• Monday, April 25th 2011 - 07:45 UTC

  Pro business Peru, Colombia, Chile and Mexico to sign Pacific Agreement

  

  Peruvian president Alan Garcia will be hosting this week his peers from Colombia, Chile and Mexico to subscribe the so-called Pacific (Ocean) Agreement with the purpose of integrating the four countries economies.

• Monday, April 25th 2011 - 07:42 UTC

  Coffee prices at highest since 1977 pushed by poor harvest and weak dollar

  

  Coffee prices topped 3 US dollars a pound in New York for the first time since 1977, as prospects of another production deficit combined with a sliding dollar to encourage fund buying.

• Monday, April 25th 2011 - 07:31 UTC

  India working to “upgrade” tariffs agreement with Mercosur

  

  India is working on “upgrading” the tariffs agreement with Mercosur, which could translate in more items of trade being included in the Preferential Trade Agreement (PTA) or move to free trade agreement with the LATAM countries.