Search Results for: Venezuela

BRAZIL’S government is betting its domestic automotive manufacturing sector will recover its production after output declined 1.9% for all vehicles (barring agricultural vehicles) in 2012 compared to 2011, according to Brazil’s National Association of Automotive Vehicle Manufacturers (ANFAVEA).

With overall industrial production in Brazil falling 2.7% last year (2012), the Brazilian Institute for Geography and Statistics (IBGE) said “vehicles exerted the highest negative influence on the overall index, pressed by the decrease in the production of approximately 80% of the products surveyed in this sector, highlighted by the smaller production of trucks, tractor trucks for trailers and semi-trailers, chassis with motor for trucks and buses, diesel motors for trucks and buses, car pieces and vehicles for transportation of goods.”…

As Nicolás Maduro takes the helm as interim President of Venezuela, following the death of his strongman predecessor Hugo Chávez on Tuesday, auto dealers and manufacturers are asking whether the government will continue with policies that produced vehicles shortages and raised prices to exorbitant levels.…

As Nicólas Maduro takes the reins as Venezuelan interim president following the death of his strongman predecessor Hugo Chávez, educators and university administrators are hoping for a chance to repair tattered relations with their government.

“It could be an opportunity, we’re waiting for them to listen us,” said Rafael Escalona, academic vice rector at Caracas’ Simón Bolívar University (USB).…

Venezuela’s steel industry and investors are hoping the country’s Interim President Nicolás Maduro will break with the policies of his late predecessor Hugo Chávez, which have severely buffeted a once largely private and highly profitable sector.

“The disaster of the industry is a combination of policy and mismanagement,” explained analyst Robert Bottome, director of the Caracas-based VenEconomy Publications Group.…

WHILE it is always sensible to handle reports emerging from North Korea with care, it appears undeniable that the country does manufacture cosmetics and other personal care products and could, if current hopes of liberalisation are ultimately realised, become a new market for international players.…

IT has been called the world’s most powerful bank. In their book ‘China’s Superbank Debt, Oil and Influence – How China Development Bank [CDB] is Rewriting the Rules of Finance’, Bloomberg journalists Henry Sanderson and Michael Forsythe describe how the “CDB’s system of local government finance has helped lift millions out of poverty and shielded the country from recession”.…

Colombia’s clothing export sector is eyeing Europe as a key market for diversifying its sales away from a reliance on the United States and neighbouring South American countries. Senior industry officials speaking at the major Latin America textile and apparel trade fair, Colombiatex, staged last week in Medellin, said they would pro-actively seek out European sales.…

BY MARK ROWE, MICHAEL KOSMIDES, IN ATHENS, AND MOHAMMED YUSUF, IN NAIROBI

INTERNATIONAL civil aviation procedures are designed to create predictability. But they are not usually applicable for airports in territories that have declared independence, but have not achieved full international recognition, or a seat at the United Nations.…

BY KEITH NUTHALL

THE EUROPEAN Commission has confirmed key beef exporters Brazil, Argentina and Uruguay will be excluded from the European Union’s future GSP low import duty regime for emerging markets, as they are now too rich to benefit. Brussels has released a list of countries that will qualify for this special status and the Brazilians, Argentines and Uruguayans are not included, along with middle-income countries such as Venezuela, Belarus, Russia, Kazakhstan, Malaysia and others.…

BY KEITH NUTHALL

PRESSURE is growing on European Union (EU) ministers to give the EU’s sugar production quota system a stay of execution. MEPs on the European Parliament’s agriculture committee have called for the retention of EU sugar quotas for beet farmers until 2020, rather than follow existing plans to phase them out in 2015.…