The International Monetary Fund could buy Spanish or Italian bonds alongside the Euro zone bailout fund if needed, to help boost investor confidence in those countries, the IMF Europe head Antonio Borges said on Wednesday.
The number of people filing for unemployment benefits in Spain shot up by nearly 100,000 in September, a surprisingly big increase even in a month that tends to be bad for workers as vacation season contracts expires.
Major European corporations called on political leaders for an “ambitious and balanced” European Union-Mercosur trade agreement and asked that ‘agriculture issues’ impacts do not derail the project.
Wool prices suffered a considerable tumble during September in line with the bearish market for commodities as a result of global economic uncertainty, although values are still considerably higher than a year ago.
United States industry leaders have welcomed words of encouragement from Republican congressional leaders that have given new hope for implementation of proposed US free trade agreements (FTA) with Korea, Colombia and Panama.
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.
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 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.
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.
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.