Investments

• Sunday, January 27th 2013 - 02:03 UTC

  With Argentine navy’ honour lying on her side, Minister Puricelli could be next official removed

  

  The Argentine government has removed two top naval officers from their duties following the sinking, this week at her moorings pier-side of the destroyer “Santisima Trinidad” once the flagship of the service and which was actively involved in the invasion of the Falklands in 1982.

• Saturday, January 26th 2013 - 19:01 UTC

  EU27/CELAC trade experienced sharp decline in 2009 with strong recovery since

  

  The European Union27 international trade in goods with the Community of Latin American and Caribbean States, (CELAC), has been characterised in recent years by steady growth between 2003 and 2008, a sharp decline in 2009 and a strong recovery since then.

• Friday, January 25th 2013 - 17:48 UTC

  Argentina easing imports’ restrictions mainly for Mercosur associates

  

  The government of President Cristina Fernandez has decided to revoke non-automatic licensing requirements which had been placed on certain products before they could be imported into Argentina for consumption, according to a resolution published Friday on the Official Gazette. But earlier in the week Argentina increased the import tariff on a hundred products to the maximum authorized by WTO, which is 35%.

• Friday, January 25th 2013 - 07:49 UTC

  Brazil’s Vale suspends ‘indefinitely’ 6bn potash project in Argentina

  

  Brazil’s government managed Vale and the world’s third-largest mining company, suspended works at its 6 billion dollars potash project in Argentina indefinitely. A suspension at the Rio Colorado potash project in the Argentine province of Mendoza since last month will be maintained, the Rio de Janeiro-based company said in an e-mail.

• Friday, January 25th 2013 - 06:34 UTC

  Cameron at Davos called for a more competitive, open and flexible Europe

  

  British Prime Minister David Cameron insisted on Thursday he was not turning his back on Europe as the global elite at the annual Davos meeting gave his referendum plans a frosty reception.

• Friday, January 25th 2013 - 05:43 UTC

  Falklands make £8m transfer to “Oil Development Reserve”, future sovereign wealth fund

  

  The government of the Falkland Islands has made a transfer of over 8 million pounds (£ 8.274 million) to the new Oil Development Reserve, a first step towards a ‘Sovereign Wealth Fund’ based on the Norwegian model it was explained at this week’s meeting of the Standing Finance Committee.

• Friday, January 25th 2013 - 04:54 UTC

  Germany, France and nine other EU countries approved tax on financial transactions

  

  France, Germany and nine other European Union states side-stepped British opposition this week and won approval for a tax on financial transactions, it emerged on Wednesday.

• Friday, January 25th 2013 - 04:43 UTC

  Monsanto reaches agreement on patent royalties with Brazilian soybean farmers

  

  Monsanto the world’s biggest seed company agreed to waive two years of royalties on its Roundup Ready soybean seeds for Brazilian farmers who agree to forgo claims in a patent dispute.

• Thursday, January 24th 2013 - 00:25 UTC

  For Santander bank, “Brazil is the most important country in the world”

  

  Banco Santander chairman Emilio Botin denied this week that he is selling his company’s assets in Brazil and said his bank is only interested in “buying” in Latinamerica’s leading economy.

• Wednesday, January 23rd 2013 - 23:58 UTC

  EU wooing Latinamerica that is focused on China, now its leading trade partner

  

  Several European leaders among which the president of the European Council Herman Van Rompuy and the head of EU diplomacy Catherine Ashton are touring several Latinamerican countries with the purpose of strengthening relations with a region in full development but which lately has been increasingly focused on China.