
Spain’s official unemployment advanced for a third month in March, deepening the divide between peripheral economies struggling to recover from the financial crisis and Germany’s booming labour market. It was the worst record for Spain since 1996.

Brazil will apply import tariffs on specific goods from China and the United States, the latest measures to help stem a flood of cheap imports that is eroding the country's trade balance, according to a statement from the Industry and Trade ministry.

Uruguay consumer prices soared 1.42% in March, reaching 8.17% in the last twelve months and 3.6% in the first quarter, which is dangerously close to the twelve month government target of 3% to 7%, which theoretically should go down to 4% to 6% next June.

The Ulster Farmers’ Union has raised concerns over the current trade deal being discussed between the European Union and Mercosur. UFU beef and lamb chairman Ray Elkin said: “The potential for a Mercosur trade deal is of great concern to the UFU, and could have a devastating impact on Northern Ireland’s beef sector in particular.”

Argentina’s most important daily Clarin has filed an extortion complaint against the leader of the pickets that have prevented the circulation of the newspaper by blocking distribution at the press plant and who was recorded in a tape asking for the equivalent of 2.2 million US dollars to end the attacks.

Pop singer Michel Martelly better known as Sweet Micky, is Haiti's new president-elect. Preliminary results, released by the country's electoral council yesterday, show that Martelly won 68% of the vote in March 20 run-off election to beat former Haitian first lady, Mirlande Manigat.

The European Union and Mercosur have a clear commitment to advance trade negotiations and conclude a deal, if possible, by the end of the year, if not at the beginning of next year when Argentina will again hold the rotating chair of the South American group.

President Barack Obama launched on Monday his 2012 re-election campaign, framing his final stint as a candidate as an effort to cement and expand the policies he has enacted from the White House.

The potential full membership of Venezuela in Mercosur, before formalizing its departure from the Andean Community (CAN) has Venezuelan entrepreneurs and several parties linked to integration awaiting and in uncertainty since they are not in touch with government actions on the issue.

Uruguay's economy minister said the country had no concrete plan to issue new debt because it had already covered 2011 obligations and debt servicing costs will fall in 2012. Nevertheless he complained about the “poor treatment” of Uruguay by the risk rating agencies.