Peruvians emigrate despite economic recovery

Despite an economic recovery in Peru that has analysts saying could mean 7percent growth in the South American nations economy this year, Peruviancitizens are emigrating at a record pace. In the first half of this year, an average of 1,149 people have left Peru every day to live elsewhere in the world, and some analysts […]

Snow visits Brazil for economic summit

In Brazil to promote free enterprise policies, US Secretary of the Treasury John Snow Tuesday called the South American nation a shining example of strong economic performance. On Monday, Mr. Snow said that Brazils economy seemed to be taking events in stride and appeared to be positioned for further growth. He cited Brazils […]

Brazil to buy fighter aircraft from France

Brazil and France issued a joint announcement on Friday that Brazil will purchase 12 used Dassault Mirage fighter aircraft from France. The announcement came from French President Jacques Chirac and Brazilian President Luiz Inacio Lula da Silva, at a joint news conference. Brazil has been looking to acquire new military aircraft for several […]

Energy product imports close on Canadian trade surplus

Canadas trade surplus dropped to C$4.0 billion in May, well below the expected figure of C$4.9 billion. Statistics Canada said that the unexpected drop had to do with higher energy imports and the importation of heavy equipment to cope with a higher construction rates in western Canada. Imports of machinery and heavy equipment […]

10,000 farmers protect in Brasilia

More than 10,000 farmers turned out on Tuesday in Brasilia to call attention to Brazils worst farm crisis in over 10 years. The farmers paraded in front of President Luiz Inacio Lula da Silvas palace to emphasize their request for financial aid to help refinance their expenditures for this years harvest. Finance minister […]

Peru seeks stronger trading ties with China

In a trade mission to China this week, president Alejandro Toledo of Peru will urge China to make Peru an important partner in investment. Mr. Toledo will attempt to get the Chinese to agree to lower tariffs, as well as to invest in airlines, oil exploration and in the development of ports. Peru is […]

Brazil reports increased destruction of rainforests

Brazils ministry of environment released data this week showing that in the twelve months that ended in August, 2004, about 26,130 square kilometers of Amazon rainforest disappeared. Almost half of the new deforestation took place in the Brazilian state of Mato Grosso, an important agricultural region in the western part of the country, and […]