Stories for October 4th 2011
Weaker Real expected to bolster Brazil’s meat sector exports
A weaker Brazilian Real should give companies in Brazil's meat sector more flexibility to increase export volumes and could also provide a short-term boost to margins.
JP Morgan Chase forecast slower growth and lower interest rates in Brazil
JPMorgan Chase & Co. cut its forecast for Brazil’s economic growth and said it expects the central bank to cut interest rates more than it previously expected as global financial turmoil weighs on confidence in Latin America’s biggest economy.
Brazil and EU call for concerted action to face current international situation
Brazil and the European Union must take concerted action to calm markets fearful of global contagion spreading from Europe's debt crisis, leaders from both sides said on Tuesday.
Brazil-FIFA hold a ‘positive meeting’ but negotiations are ongoing
Brazilian President Dilma Rousseff had a “positive meeting” with FIFA general secretary Jerome Valcke on Monday to discuss the 2014 World Cup, Brazil's Sports Minister Orlando Silva said Tuesday.
Greek striking public sector workers blockade ministries and paralyze Athens
Greece’s striking public sector workers blockaded the entrance to several ministries in Athens on the second anniversary of the ruling Socialist party's election victory, disrupting talks with EU and IMF inspectors on the next aid tranche.
Euro banks holders of Greek debt told to prepare for a further ‘shave’
European finance ministers are considering making banks take bigger losses on Greek debt and have postponed a vital aid payment to Athens until mid-November, setting up a crunch point in the Euro zone's sovereign debt crisis.
Federal Reserve tries to calm markets; promises further action to prop the economy
The Federal Reserve is prepared to take further steps to help a fragile economic recovery held back by a weak job market and financial stresses in Europe, Fed Chairman Ben Bernanke said on Tuesday.
Latin America has diminished poverty indexes but deep inequality gaps remain
Latin America has experienced significant advances in the reduction of poverty but has barely improved the deep social inequalities that limit its development according to Heraldo Muñoz, head of the regional UN Program for Development.
UK relation with OTs (including Falklands) is based on ‘the choices of the peoples’
The United Kingdom relationship with the Overseas Territories “is based on the choices of the peoples” said Monday British representative Philip Parham before the UN Fourth Committee on Decolonization in response to several statements from Latin American delegates regarding the Falkland Islands and sovereignty discussions with Argentina.
Clarin says it’s time for Argentina to disclose Malvinas war documents
Buenos Aires daily Clarin in an editorial asks for the Argentine government to release and disclose documents to public scrutiny, referred to the Argentine landing in the Falklands/Malvinas conflict in 1982 since next 2 April 2012, thirty years would have elapsed.
