Real Peso?

From China View......
Brazil and Argentina agreed Monday that their bilateral trade will be settled by Brazilian reals and Argentine pesos, eliminating the U.S. dollar as an intermedium. Brazil's President Luiz Inacio Lula da Silva and his Argentine counterpart Cristina Kirchner signed the agreement in Brazil's capital city Brasilia. According to Brazil's Minister of Finance Guido Mantega, the new system will reduce the costs of intermediation, making trade easier for smaller companies of the two countries. China is the biggest importer of soybeans from Brazil.

According to FT...
Coca-Cola's 47 products in China range from its trademark Coke to Ice Dew bottled water, and nearly everything in between.Yet Muhtar Kent, the company's new chief executive and president, still saw a gap in the array of products Coke is offering in its fourth-biggest market.He is now trying to fill it by making a $2.4bn offer for China Huiyuan Juice Group, the country's biggest juice-maker.

According to FT...
The latest cheap manufacturing site for European companies is not in Asia or eastern Europe but the US, say top executives from some of the continent's biggest companies."It may sound like a joke but it can be cheaper than you imagine to manufacture there," the chairman of one of Germany's largest automobile groups told the Financial Times.The reason is less the level of the dollar, which remains relatively low in spite of the euro's recent plunge, but rather the huge level of incentives some US states are offering companies to set up factories in their region.Tennessee, for instance, has just disclosed that it agreed to give German carmaker Volkswagen $577m in incentives for its $1bn plant in Chattanooga.A senior executive at Fiat, the Italian industrial conglomerate, said: "With the amount of money US states are willing to throw at you, you would be stupid to turn them down at the moment. It is one of the low-cost locations."