The U.S. Federal Reserve Board announced it has approved the application by China Investment Corporation (CIC) to buy up to 10% of voting shares of investment giant Morgan Stanley.
Surging wheat prices drove international food prices up 5% last month in the biggest month-on-month increase since November 2009, FAO announced. The FAO Food Price Index (FPI) averaged 176 points in August, up nearly nine points from July, FAO said in its latest update on the global cereals supply and demand situation.
Canada is “satisfied” with contacts held with the Argentine government for the possible beginning of discussions regarding a free trade agreement with Mercosur, said Canadian International Trade minister Peter Van Loan said at the end of a tour of four Latin American countries
Brazilian industrial production output experienced an increase of 0.4% in July from a month earlier, which is less than expected according to a report released by the Brazilian national statistics bureau IBGE in Río de Janeiro, compared with a 1% decline in June.
Brazil’s JBS, the world's top beef producer is trying to sell three of its Argentine plants due to government policies that have depleted cattle stocks and supply and hurt profits, a trade group said on Tuesday.
Colombian president Juan Manuel Santos arrived Tuesday in Brazil for an official two-day state visit that begins Wednesday with a meeting with President Lula da Silva to address a regional political agenda and strengthen bilateral trade.
As many as 23 million men and women in the EU were unemployed in July, according to data released by Eurostat on Tuesday. Of these, 15.833 million are from the Eurozone countries.
Canada, South Africa and India are scheduled to begin this year trade talks with Mercosur, according to reports from Ottawa and Johannesburg.
Foreign Affairs minister Celos Amorim implicitly admitted that access to the Brazilian market for other Latin American countries, including Mercosur, is not easy because of a proliferation of non trade barriers which has resulted in large surpluses with most of the region’s countries.
Uruguayan government employees’ take-home pay on average more than doubles their counterparts in the private sector according to official figures from the country’s Social Security Office and published by Montevideo’s main daily El País.