Economy

• Friday, July 16th 2010 - 03:55 UTC

  EU/Mercosur business leaders call for “ambitious and balanced” trade agreement

  

  Brazilian and European business leaders gathered in Brasilia urged their governments to reach an “ambitious and balanced” trade agreement between Mercosur and the EU, and give first priority to the conclusion of the WTO Doha round talks.

• Friday, July 16th 2010 - 03:46 UTC

  US Senate approves biggest overhaul of financial regulation in decades

  

  United States Senate has given final approval to the biggest overhaul of US financial regulation in decades. The reforms are intended to avert a repeat of the 2008 crisis that brought the world economy to the brink of collapse.

• Thursday, July 15th 2010 - 06:40 UTC

  Mercosur member Paraguay among the world’s tope eight beef exporters

  

  Mercosur full member Paraguay is now between the world’s eight top exporters of beef, with prospects of increasing that position as meat quality increases boosted by improved breeding and better sanitary conditions.

• Thursday, July 15th 2010 - 06:35 UTC

  Argentina confident soy-oil dispute with China will be solved “in the short term”

  

  Argentine Ambassador to China, César Mayoral announced in Beijing that the soybean oil conflict with Beijing that has been ongoing since the beginning of the year “will be solved in the short term.”

• Thursday, July 15th 2010 - 06:23 UTC

  Recession-hit Britons cut back on overseas travel in 2009

  

  Recession-hit Britons cut back on overseas travel last year, with business trips down by almost a quarter, the UK Office for National Statistics announced this week.

• Thursday, July 15th 2010 - 06:19 UTC

  US May trade deficit, the highest in last 18 months

  

  US trade deficit widened to its highest level in 18 months in May, driven by demand for imported cars, computers and clothing. The deficit increased by 4.8% to 42.3 billion US dollars, the largest since November 2008, Commerce Department data showed.

• Thursday, July 15th 2010 - 06:05 UTC

  Venezuela oil reserves could double Saudi Arabia, says US assessment

  

  A new US assessment of Venezuela's oil reserves could give the country double the supplies of Saudi Arabia. Scientists working for the US Geological Survey say Venezuela's Orinoco belt region holds twice as much as previously thought.

• Thursday, July 15th 2010 - 05:54 UTC

  One of Brazil’s leading newspapers abandons print and opts for internet

  

  The Brazilian daily Jornal do Brasil will discontinue its print edition and publish exclusively on the Internet starting September first, the owner of the 119-year-old newspaper said Wednesday.

• Tuesday, July 13th 2010 - 06:44 UTC

  Mrs. Kirchner praises China and calls for new world financial system

  

  Argentine President Cristina Kirchner called on Monday for an international system of financial regulation ahead of the G20's next meeting in Seoul.

• Tuesday, July 13th 2010 - 06:37 UTC

  Petrobras first tests in the Franco sub-salt field confirm 50.000 bpd

  

  Brazil’s oil regulator ANP said it concluded its first test at the Franco offshore field, which holds the oil reserves that the government may sell state-controlled Petroleo Brasileiro SA, Petrobras, in exchange for new stock.