InfoAnda - Mercosur embraces Chavez despite protests from business |

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

Report: Indonesian police kill 3 terror suspects | 9 March 2010
Jade Goody To Renew Living TV Deal Despite Her Cancer Battle | 9 February 2009
Iran pushes U.S. on missing scientist | | 4 July 2010

White House takes Web 2.0 leap | 2 May 2009

Forum Views () Forum Replies ()

Read more with google mobile : Mercosur embraces Chavez despite protests from business |

Edition: U.S. Africa Arabic Argentina Brazil Canada China France Germany India Italy Japan Latin America Mexico Russia Spain United Kingdom Home Business Business Home Economy Technology Media Small Business Legal Deals Earnings Social Pulse Business Video The Freeland File Aerospace & Defense Markets Markets Home U.S. Markets European Markets Asian Markets Global Market Data Indices M&A Stocks Bonds Currencies Commodities Futures Funds peHUB World World Home U.S. Brazil China Euro Zone Japan Mexico Russia India Insight World Video Reuters Investigates Decoder Politics Politics Home Election 2012 Campaign Polling Tales from the Trail Political Punchlines Supreme Court Politics Video Tech Technology Home MediaFile Science Tech Video Tech Tonic Social Pulse Opinion Opinion Home Chrystia Freeland John Lloyd Felix Salmon Jack Shafer David Rohde Bernd Debusmann Nader Mousavizadeh Lucy P. Marcus David Cay Johnston Bethany McLean Anatole Kaletsky Edward Hadas Hugo Dixon Ian Bremmer Lawrence Summers Susan Glasser The Great Debate Steven Brill Jack & Suzy Welch Frederick Kempe Christopher Papagianis Mark Leonard Breakingviews Equities Credit Private Equity M&A Macro & Markets Politics Breakingviews Video Money Money Home Tax Break Lipper Awards 2012 Global Investing MuniLand Unstructured Finance Linda Stern Mark Miller John Wasik James Saft Analyst Research Alerts Watchlist Portfolio Stock Screener Fund Screener Personal Finance Video Money Clip Investing 201 Life Olympics Health Sports Arts Faithworld Business Traveler Entertainment Oddly Enough Lifestyle Video Pictures Pictures Home Reuters Photographers Full Focus Video Reuters TV Reuters News Article Comments (0) Full Focus Editor's choice Our best photos from the last 24 hours. See more Images of June Follow Reuters Facebook Twitter RSS YouTube Read India power cut hits millions, among world's worst outages 12:15pm EDT Olympics fans find ways to circumvent NBC's online control | 9:39am EDT Syrian aircraft strike Aleppo, rebels claim successes | 2:59pm EDT Apple lawyer: Samsung deliberately chose to copy iPhone 3:29pm EDT India power cut hits millions, among world's worst outages | 4:13pm EDT Discussed 100 Romney backs Israel if needs to strike Iran: aide says 74 Syria sends armored column to Aleppo, strikes from air 72 U.S. fears Syria preparing for massacre in Aleppo Sponsored Links Pictures Reuters Photojournalism Our day's top images, in-depth photo essays and offbeat slices of life. See the best of Reuters photography. See more | Photo caption Olympic best Our top photos from the London 2012 Olympic Games. Slideshow India in the dark Half of India's 1.2 billion people are without power in the country's second major blackout in as many days. Slideshow Mercosur embraces Chavez despite protests from business Tweet Share this Email Print Related News Mercosur embraces Chavez despite protests from business 12:48pm EDT Venezuela may sell Brazil oil, buy Embraer planes: Chavez 7:48am EDT Venezuela withdrawing from regional human rights court Wed, Jul 25 2012 Analysis & Opinion Why Argentina’s likely to beat Elliott Associates The conflict turns 30 Related Topics World » Cuba » Venezuela » Venezuela's President Hugo Chavez smiles during a news conference after meeting with presidents of the Mercosur trade bloc in the Special Mercosur summit at Planalto Palace in Brasilia July 31, 2012. Credit: Reuters/Ueslei Marcelino By Alonso Soto BRASILIA | Tue Jul 31, 2012 4:54pm EDT BRASILIA (Reuters) - On his first foreign trip since undergoing cancer treatment in Cuba earlier this year, Venezuelan President Hugo Chavez on hailed his country's welcome by fellow South American leaders into a troubled regional trade bloc on Tuesday. Ignoring criticism that Venezuela's entry could eventually cause greater dysfunction among the Mercosur trade bloc's members, Chavez cast the event as a continuation of his self-styled revolution and a sign of greater ascendance for South America as a whole. "Our north is the south," the Venezuelan president said, evoking Simon Bolivar and other revolutionaries who wrested the continent from colonial powers. "Mercosur is, without a doubt, the most powerful engine that exists to preserve our independence." Chavez, who recently declared himself cancer-free, stood at a podium throughout his 20-minute speech in Brazil's capital and spoke in a clear, strong voice. The meeting was overshadowed by controversial events that enabled Venezuela's entry into Mercosur, which also includes Brazil, Argentina, Paraguay and Uruguay. The grouping now accounts for about $3.3 trillion in combined gross domestic product, and the leaders said it would be the world's fifth-largest economy if it were a single nation. The expansion of Mercosur was criticized by many who see a paradox in the protectionist policies and leftist slant that increasingly have come to dominate a bloc originally created to liberalize trade. After years of stalled negotiations with Caracas, the group hastily accepted Venezuela despite the objections of Paraguay, a marked absence at Tuesday's meeting. The other three countries made their invitation to Chavez after suspending Paraguay in June because of the controversial impeachment there by conservative legislators of leftist president Fernando Lugo. That move troubled critics, who said it was emblematic of the decline of a bloc that was founded in 1995, at a time when a group of free-market reformers was dominant in the region. "What was once an economic bloc has now been reduced to a political sideshow," said Mario Marconini, a former Brazilian trade secretary who is now a business consultant in Sao Paulo. The inclusion of Venezuela despite the veto of a full-fledged member, "is a fatal blow to its economic credibility." Brazilian President Dilma Rousseff said on Tuesday that Paraguay's suspension is justified until the country "normalizes" its internal politics. Brazil and other neighboring countries have argued that Paraguay must proceed with its regularly scheduled presidential elections next year before they consider its government to be stable. FOCUS ON CHAVEZ Most of the other leaders present glazed over the Paraguay controversy, and focused instead on criticizing the orthodox economic policies of the developed world. They cited Mercosur as a vehicle that could further regional goals of fair trade, equitable growth, and social inclusion. Chavez said construction companies from Mercosur countries should take part in ongoing projects to build millions of subsidized homes in Venezuela. Argentine President Cristina Fernandez said the region would continue to produce all-important raw materials for the global economy, but demanded "financial stability" in return from richer countries. Mercosur, she said, could "make this new pole of power indivisible, indestructible." Chavez, who has spent more than 13 years in office, has pursued a personality driven government that has scared away foreign investors and crippled productivity. His acceptance by Mercosur, opponents say, will give him one more thing to boast about as he campaigns for another six-year term ahead of Venezuela's presidential election in October. Officially, the leaders hailed Venezuela's strengths as a major oil producer and an important market for everything from Brazilian machinery to Argentine wheat. In practice, though, Venezuela can't fully participate in the bloc until it agrees to accept common tariffs adopted by Mercosur, common agreements with third-party countries, and other prerequisites that Chavez has failed to embrace since talks for inclusion began in 2006. In private, Brazilian exporters say they are worried about doing more business with Venezuela. Though Brazil exports appliances, vehicles, and other products to the Andean country, companies have problems with Venezuela's strict currency controls and onerous rules for the repatriation of profits. BLOC IS ALREADY TROUBLED "The bloc is a mess," said Rubens Barbosa, a former Brazilian representative to Mercosur who is now a consultant. "Just imagine if you start adding Venezuela and others," he added, noting recent discussions to include Bolivia and Ecuador, two countries with close ties to Chavez. Tuesday's ceremony was accompanied by a trickle of business as Chavez and Rousseff formalized a previously disclosed plan by Conviasa, the Venezuelan airline, to purchase 100-seat jets made by Embraer, the Brazilian aircraft manufacturer. Under the terms of the agreement, Conviasa will pay about $270 million for six Embraer 190 jets, with an option for 14 more. Meanwhile, Venezuela and Argentina signed an agreement for greater investment in each other's oil sector. PDVSA, Venezuela's state-run oil producer, will invest in Argentine petrochemicals, and YPF, its Argentine counterpart, will invest in Venezuelan oil fields, according to the agreement. (Writing and additional reporting by Paulo Prada in Rio de Janeiro; Editing by Todd Benson and Stacey Joyce) World Cuba Venezuela Related Quotes and News Company Price Related News Tweet this Link this Share this Digg this Email Reprints We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/ Comments (0) Be the first to comment on reuters.com. Add yours using the box above. Edition: U.S. Africa Arabic Argentina Brazil Canada China France Germany India Italy Japan Latin America Mexico Russia Spain United Kingdom Back to top Reuters.com Business Markets World Politics Technology Opinion Money Pictures Videos Site Index Legal Bankruptcy Law California Legal New York Legal Securities Law Support & Contact Support Corrections Connect with Reuters Twitter Facebook LinkedIn RSS Podcast Newsletters Mobile About Privacy Policy Terms of Use AdChoices Copyright Our Flagship financial information platform incorporating Reuters Insider An ultra-low latency infrastructure for electronic trading and data distribution A connected approach to governance, risk and compliance Our next generation legal research platform Our global tax workstation Thomsonreuters.com About Thomson Reuters Investor Relations Careers Contact Us Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests. NYSE and AMEX quotes delayed by at least 20 minutes. Nasdaq delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.

Other News on Wednesday, 1 August 2012
Gaddafi son cannot get fair trial in Libya: lawyers |
Al Qaeda decline hard to reverse after Bin Laden killing: U.S. |
Analysis: ASEAN path to economic union muddied by South China Sea |
Obama tightens sanctions on banks helping Iran sell oil |
Mercosur embraces Chavez despite protests from business |
Price protest leaves six dead in Sudan's Darfur |
Google acquires social ad start-up Wildfire |
FTC backs $22.5 million Google settlement over Safari |
Twitter reinstates British journalist after outcry |
Seagate shares tumble as slowing PC sales hit outlook |
Olivia Munn finds success in busy film, TV career |
Rapper Snoop Dogg now reggae's top cat Snoop Lion |
Electronic Arts to offer free-to-play Star Wars option |
Court revives suit involving Elvis memorabilia |
Actor Cuba Gooding sought after New Orleans bar incident |
Film shows artist Ai Weiwei's conflicted relationship with China |
Rihanna, Drake top MTV Video Music Award nominations |
Daughter of Bruce Willis, Demi Moore gets community service |
J.K. Rowling launches Harry Potter book club online |
Syrian aircraft strike Aleppo, rebels claim successes |
Rule of law in China the silent victim at Bo Xilai wife's trial |
Suicide bombers target Somali constitution conference |
World Bank to help Myanmar clear arrears |
Yemen attack kills two, injures three |
Taiwan, China on alert as typhoons approach |
Second Israeli dies in self-immolation welfare protest |
Malaysian opposition figure says arrested for breaching bank law |
Mexico accuses U.S. of price dumping on chicken |
Security in focus as Clinton begins Africa trip |
Apple designer: iPhone crafters are maniacal |
Google delays widely-panned Nexus Q orb gadget |
Fujitsu, NEC, Docomo launch smartphone chipmaker |
Apple, Samsung launch salvos as smartphone trial heats up |
China share market fall partly due to panic: regulator |
Olympus says Terumo sues for $85 million over share loss |
Zynga hit by twin lawsuits after stock carnage |
The Who fans swap 1979 tickets for upcoming concert |
Low intensity blasts hit western Indian city: TV |
Russian lawyers say women's punk band members mistreated |
Blast hits Libyan military intel office in Benghazi |
Clinton says Africa must live up to democratic promise |
U.S. concerned over Iraqi threats to force Iran dissidents from camp |
NATO should finish job in Afghanistan, Putin says |
Egypt PM draws on technocrats, Islamists in new government |
Militants attack Yemeni police, killing four |
July bloodiest month in Iraq in 2 years |
Amazon launches Instant Video app for Apple's iPad |
Lenovo executive dismisses Nokia bid talk as joke |
Olympus stock slides on possible fresh wrongdoing |
Olivia Munn finds success in busy film, TV career |
Swimming: Then I saw her race...now she's a Belieber |
A Minute With: Kevin Nealon returning to stand-up comedy |
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		BlogMeter 1.01