Articles by South Atlantic News Agency
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China and Brazil Sign Agreement to Trade in Their Local Currencies
MercoPress South Atlantic News Agency – TRANSCEND Media Service,
1 Apr 2013
China and Brazil signed an agreement to do billions of dollars of trade in their local currencies, as the five-nation BRICS forum of emerging market powers work to lessen dependence on the US dollar and Euro.
→ read full articleArgentina in the Process of Quitting from World Bank Investment Disputes Centre
South Atlantic News Agency – TRANSCEND Media Service,
11 Feb 2013
Argentina says it plans to withdraw from a World Bank body designed to arbitrate between states and foreign investors. This follows similar decisions by several other countries in Latin America like Bolivia, Ecuador and Venezuela. Eduardo Barcesat, the chief legal advisor to Argentine’s Treasury, says ICSID is “a tribunal of butchers” that only rules in favour of multinational companies. Barcesat believes quitting the Center would be a key move to recover Argentina’s legislative and jurisdictional sovereignty.
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