InfoAnda - Brazil's Lula proposes China trade without dollars

Pakistanis angry over detentions in Times Sq. case
Monday, May 24, 2010
ISLAMABAD – Relatives of three men detained by Pakistan for alleged links to the suspect in the attempted Times Square bombing say the men are innocent.
They

Taiwan denies boycotting Australian film festival
Thursday, August 6, 2009

AFP - Thursday, August 6TAIPEI (AFP) - - Taiwan's Beijing-friendly government on Wednesday denied boycotting an Australian film festival amid a row over the e

Merkel's support dips, regional ally resigns International
Thursday, September 3, 2009

By Sarah Marsh and Noah Barkin

BERLIN (Reuters) - Chancellor Angela Merkel suffered a double blow on Thursday as a senior party ally in east German

Minister seeks closure of anti-Berlusconi websites
Wednesday, December 16, 2009
ROME (AFP) - – The Italian government moved Tuesday to close down Internet sites encouraging further violence against Prime Minister Silvio Berlusconi, who

Asian markets mixed after Wall Street rally
Wednesday, March 18, 2009

By ELAINE KURTENBACH,AP Business Writer AP - Wednesday, March 18SHANGHAI - Asia's stock market rally seemed to be running out of steam Wednesday, despite an

Elizabeth Banks eyeing role in Hunger Games | | 19 April 2011
Russia's Putin sings Armstrong for Hollywood stars | 11 December 2010
Halle Berry suffers minor head injury on Los Angeles set | | 20 July 2012

Rockets from Lebanon hit Israel | International | | 8 January 2009

">Forum Views () ">Forum Replies ()

Read more with google mobile : Brazil's Lula proposes China trade without dollars

Yahoo! My Yahoo! Mail Yahoo! Search Search: Sign InNew User? Sign Up News Home - Help Navigation Primary Navigation Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular Secondary Navigation Singapore Asia Pacific World Search Search: Brazil's Lula proposes China trade without dollars AFP - Saturday, April 4 BRASILIA (AFP) - - Brazilian President Luiz Inacio Lula da Silva revealed Friday before leaving the G20 summit in London that he proposed to Chinese premier Hu Jintao conducting bilateral trade through each country's local currency. "I put on the table (in the meeting with Hu on Thursday) that we begin discussing commercial trade between Brazil and China being made in Brazilian and Chinese currencies (the real and the yuan)," Lula told reporters before departing the British capital for Brasilia. Lula added that he was due to travel to Beijing on May 19 and hoped for progress then with his proposal. China-Brazil trade soared in 2008 to total 36.4 billion dollars -- a more than 50-percent increase over the previous year that resulted in China becoming the second-biggest trade partner to Brazil after the United States. Most of Brazil's 20 billion dollars' worth of sales to China were of resources such as iron ore and soy beans. China, in return, sold 16.4 billions dollars' worth of goods to Brazil -- including items such as cheap textiles and shoes, squeezing many Brazilian footwear- and apparel-makers out of their own market. In 2008 Brazil and Argentina agreed on a landmark deal to let their two countries dispense with converting transactions into dollars when they trade. Before arriving at the G20 Brazil's Economy Minister Guido Mantega indicated Brasilia would raise the issue at the summit. One of the biggest problems right with the economic crisis, Mantega said last month, was "unbalanced capital flows, with the result that all the capital is leaving emerging countries and going to advanced countries." The capital bias was pernicious, he said. "For example, the United States can't handle all the dollars flowing into it, which is making the US currency rise, damaging its exports, and emerging countries have less ability to acquire products on the international market." Email Story IM Story Printable View Blog This Recommend this article 0 users recommend Sign in to recommend this article » Most Recommended Stories » Related Articles: China's Economy ETimor secures international funding donors: govtAFP - 56 minutes ago Losses seen for Japan's big three banks: reportAFP - Saturday, April 4 Analysis: Unemployment growth could hurt ObamaAP - Saturday, April 4 Fed officials vow to use all tools to help economyReuters - Saturday, April 4 Related Articles: Business ETimor secures international funding donors: govtAFP - 56 minutes ago Pakistan lowers GDP growth forecast to 2.5-3.5 pctReuters - 59 minutes ago Japan eyes up to $3,000 in green car subsidy-NikkeiReuters - 1 hour 30 minutes ago Hong Kong chief defends city after tax haven rowAFP - 1 hour 41 minutes ago Pakistani c.bank buys 23.55 bln rupees of T-billsReuters - 1 hour 53 minutes ago Enlarge Photo Brazil's Lula proposes China trade without dollars Related Photos Slideshow Full Photo Coverage: Business & Economy Related Full Coverage China Economy china economy All Full Coverage Most Popular – Business Viewed Guantanamo 'soooo beautiful!' Miss Universe says Global warming leaving its mark on polar bears Journalists get shock with 'sexy' White House call RBS to axe more jobs worldwide Marijuana helps in battle against cancer: study View Complete List » Search: Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular Copyright © 2009 Yahoo! Southeast Asia Pte Ltd. (Co. Reg. No. 199700735D). All Rights Reserved. Privacy Policy - Terms of Service - Community - Intellectual Property Rights Policy - Help

Other News on Saturday, 4 April 2009
U.N. official pleads for opening of Gaza borders | International |
Britain ready to send more troops for Afghan election | International |
Madagascar sets presidential election for Oct 2010 | International |
Vatican rejects Belgian censure of pope on condoms | International |
Large protest demands Ukraine's leaders resign | International |
Nintendo rolls out DSi to U.S. on Sunday | Technology |
INQ to put Facebook status updates on phone screens | Technology |
High-tech cheaters jailed in China | Technology |
ER finale draws 16.2 million TV viewers | Entertainment |
Montreal show looks at Lennon's bed-in,40 years on | Entertainment |
North Korea says rocket launch imminent | International |
Troops kill 20 Afghan insurgents: US military
NATO faces new protests, divided over new chief | International |
Suspected US strike kills 13 in Pakistan
Strong quake strikes north of Indonesia's Sulawesi | International |
PM says Saddam loyalists infiltrated Iraq's Sahwa militia
U.S. drone fires missile in Pakistan, kills 13: officials | International |
Popular, pro-US Iraqi aims to redraw political map
Unrelenting jobless rise imperils US recovery
NATO soldier, eight Afghans killed
Arrests made in high-profile Canadian gang murder | International |
Surging Wall Street faces earnings season test
Cambodia PM says Thai border conflict not a war | International |
Explosives chemical found in US baby formula
U.S. judge stays Demjanjuk deportation | International |
US, French first ladies to work together on AIDS
Arctic may be ice-free in 30 years: study
Google in talks to take over Twitter: report
World economy gets reality check after G20 summit
Arctic may be ice-free in 30 years: study
City in shock after US citizenship centre massacre
Obama to allow unlimited travel to Cuba
Mexico, US form immigration working group
Economic crisis drives the mothers of invention
Mexico, US boost ties on border, immigration
New LIFE photos from day of King assassination go online
Twitter co-founder wants to build 'independent' company
US military deaths in Afghanistan region at 601
US-TECH Summary
US military deaths in Iraq war at 4,265
INQ to put Facebook status updates on phone screens
NATO leaders fail to agree on new alliance chief
U.S. seen set to cut curbs on Cuba family travel
High-tech cheaters jailed in China
Robot makes key artificial intelligence step: study
Angry British villagers stop Google maps car
Internet calling companies ask EU to ensure free access
Google in talks to take over Twitter
High-tech cheaters jailed in China
Judge allows Michael Jackson auction to proceed | Entertainment |
Film industry abuzz about possible Cannes lineup | Entertainment |
50 Cent joining Fall Out Boy for five concerts | Entertainment |
Coldplay taps Pete Yorn for tour opener | Entertainment |
NZealand collapse against India in cricket test
McCartney says meditation helped stabilize Beatles | Entertainment |
Ponting hails Aussie match-winner Hussey
Japan navy aids Singapore ship off Somalia:govt
China workers' protest march stopped
Cambodian PM downplays clashes on Thai border
Malaysia's Mahathir rejoins main UMNO party
Thai soldiers kill 2 suspected Muslim militants
Myanmar announces peace deal with Karen rebels
Four dead in fresh south Thailand clashes: police
Second 'Sex and the City' movie on the way
Cambodia PM says Thai border conflict "not a war"
Full tables at soup kitchen for Spain's 'new poor'
Pakistani c.bank buys 23.55 bln rupees of T-bills
McCartney, Starr still meditate on India trip
Losses seen for Japan's big three banks: report
West Coast gets first live Golden Globes next year
Chinese workers abandon Beijing protest march: state media
50 Cent joining Fall Out Boy for five concerts
Brazil's Lula proposes China trade without dollars
Suspect caught, actor slain at home in Texas
Pakistan may have room for future rate cuts
Judge allows Michael Jackson auction to proceed
Hong Kong police raid Citic Pacific offices
Coolio pleads not guilty in drug case
"ER" finale draws 16.4 million TV viewers
Nanny says Robert De Niro owes her over $40,000
Coldplay taps Pete Yorn for tour opener
Egypt police beat and detain 18 protesters
NATO summit 'has delivered on Afghanistan'
Afghan leader orders review of Shi'ite law | International |
Israelis kill armed Palestinian woman | International |
Iraqi forces arrest more U.S.-allied Sunni guards
Iraqi forces arrest more U.S.-allied Sunni guards | International |
Iraq plans to open Saddam museum
Zimbabwe sets 100-day target for economy | International |
U.S. envoy says Darfur on brink of deeper crisis | International |
Israelis kills armed Palestinian woman
Mass protest in Rome over financial crisis
Egypt police beat and detain 18 protesters: witnesses | International |
Gays killed in Baghdad as clerics urge clampdown
Somali wants aid agencies to register with government | International |
Israeli police kill armed Arab woman in Israel
Woman fires on police station in southern Israel
Goalkeeper elected to head Iraqi Olympic committee
US believers going green, hold media fast for Lent
Darfur crisis on brink of deepening: US envoy
Darfur crisis on 'brink of deepening'
US Marine dies in non-combat incident in Iraq
Slovakia back to the polls for presidential climax
Slovakia back to the polls for presidential runoff
Myanmar junta bans hijinks, critics from festival
British teen sailor stops in Australia for repairs
Troops jittery after deadly Cambodia-Thai clash
NATO boosts Afghan troops, names leader
Karzai: Controversial women's law to be reviewed
Suicide car bomber attacks checkpoint in Pakistan
U.S. missile kills 13 in Pakistan
Former Malaysian PM Mahathir rejoins ruling party
ETimor secures international funding donors: govt
Gandhi heir files candidacy for Indian elections
Bollywood's Anil Kapoor to star in TV's '24'
Bollywood's Anil Kapoor to star in TV's '24'
Reality star's funeral cortege tracked by cameras
US believers going green, hold media fast for Lent
Greece at new risk of being pushed off euro
Bodies of missing Tenn. mom, Jo Ann Bain, and daughter found
Female Breasts Are Bigger Than Ever
AMD Trinity Accelerated Processing Units Now in Volume Production
The Avengers (2012 film), made the second biggest opening- and single-day gross of all-time
AMD to Start Production of piledriver
Ivy Bridge Quad-Core, Four-Thread Desktop CPUs
Islamists Protest Lady Gaga's Concert in Indonesia
Japan Successfully Broadcasts an 8K Signal Over the Air
ECB boosts loans to 1 trillion Euro to stop credit crunch
Egypt : Mohammed Morsi won with 52 percent
What do you call 100,000 Frenchmen with their hands up
AMD Launches AMD Embedded R-Series APU Platform
Fed Should not Ignore Emerging Market Crisis
Fed casts shadow over India, emerging markets
Why are Chinese tourists so rude? A few insights

USD EUR - 1 year graph	VPN on MacOSX	BlogMeter 1.01