Archive for March 25th, 2012
General Motors To Increase Its Production In Lower Cost Countries
The consortium General Motors plans to increase its production capacity in low-cost countries like Mexico, Brazil, Poland, Russia, China and India, reports the German weekly “Der Spiegel”. According to that environment, the group’s management wants to move to these regions up to 80% of the additional demand generated by increased sales of the consortium. An [...]
U.S. confirms that appealed the WTO ruling on beef labeling
The United States has appealed the decision of the World Trade Organization (WTO) for Mexico and Canada on the labeling of meat products, today confirmed its Office of Trade Representative (USTR). The USTR spokeswoman, Andrea Mead, confirmed the appeal, filed Friday. The Panel established by the Dispute Settlement Body of the WTO in November presented [...]
China and Japan strengthen ties to strengthen the role of Asia before the crisis
Chinese Vice President Xi Jinping, and former Japanese Prime Minister Yukio Hatoyama, visiting Beijing, agreed to boost bilateral ties to strengthen the role of Asia in the current global economic crisis, reported the official Xinhua news agency. As he is about the 40th anniversary of normalization of diplomatic relations sinojaponesas, Chinese Vice President prefaced the [...]
Rehn warns Spain of the sanction of the market does not meet the deficit
The European Commissioner for Economic Affairs, Olli Rehn, on Saturday urged Spain to meet its target of reducing its deficit to 3% of GDP at the end of 2013 or otherwise, will be punished by the markets, which demand more for finance it. “Spain has managed to restore the credibility of fiscal policy” and is [...]
Greece may have 185,000 million new EU-IMF loans
Greece may have a new loan of 185,000 million euros from the European Union and the International Monetary Fund (IMF) for 2015, in addition to the 107,000 million forgiven by private creditors and the first loan package of 73,000 million provided since 2010. Taking into account the first loan in May 2010 and debt relief, [...]
An Americal or Colombian To Head The World Bank
The World Bank official on Friday at the three candidates vying to succeed Robert Zoellick in his presidency: it is his compatriot and favorite, Jim Yong Kim, the Colombian Jose Antonio Ocampo and the Nigerian Ngozi Okonjo-Iweala. Ocampo, a former Minister of Finance Colombian who currently serves as professor at Columbia University (New York), had [...]
Obama Presents Worl Bank Candiate
U.S. President Barack Obama on Friday appointed Jim Yong Kim, a Korean-born American who heads the prestigious Dartmouth College, as a candidate for president of the World Bank (WB), and thus opened the dispute with applicants from Colombia and Nigeria. “It is time for an expert in development lead development agency world’s largest,” said Obama, [...]
Argentina steps up dispute with Repsol-YPF
Cristina Kirchner’s government stepped up its dispute with the Spanish oil company Repsol YPF, Argentina, dominant in the local market, and does not rule out nationalization to accuse her of lack of investments forced to import fuels by about 9,000 million in 2011. In a further escalation in the conflict, Repsol YPF’s board met on [...]
