India and China agreed to raise the bilateral trade to 100 billion US dollars by 2015, step up investments and permit banks of other countries to open branches and representative offices.
Mercosur leaders meeting in Brazil launched a plan to adopt common trade, investment and immigration policies to help underpin unprecedented economic growth in the region.
China and Argentina signed a Tax Information Exchange Agreement (TIEA) in order to improve transparency in the two countries’ bilateral trade and investment.
The International Monetary Fund (IMF) approved a 22.5 billion Euros loan for Ireland and said it was open to re-negotiating parts of the bailout package with a new government provided its overall targets were adhered to.
International Monetary Fund (IMF) will continue collaborating with Argentina national statistics bureau, Indec, in order to create a price index with stronger credibility, the spokeswoman of the organization, Caroline Atkinson, assured in Washington.
Argentina’s most influential businessman warned about the “inflationary escalade” which, if not contained can lead to an unfavourable climate for investments. Paolo Rocca, Techint group CEO made the statements during an entrepreneurs’ forum where he called for “business responsibility”, “clear rules of the game”, “transparency” and questioned the landing of Chinese oil corporations in Argentina.
Australian Foreign Secretary Kevin Rudd will be present at the two-day Mercosur summit which begins Thursday in Foz de Iguazu. Rudd met on Wednesday with his Brazilian peer Celso Amorim ahead of the summit and in the framework of the “Australia-Brazil Dialogue” created last September.
Trade between the four member Mercosur block is expected to reach 42 billion US dollars in 2010 revealed Argentine Industry minister Debora Giorgi who on Thursday will be participating of the Mercosur summit in Foz de Iguazu, Brazil.
The Brazilian government announced Tuesday that the country has seen a solid drop in childhood malnutrition which, together with the social progress achieved in other areas, meets the criteria under the U.N. Millennium Development Goals for the eradication of extreme poverty.
Moody's rating agency threatened Wednesday to downgrade Spain's credit rating, hammering markets as it warned of a 170-billion-Euro refinancing challenge ahead in 2011.