Brazil is working with Congress on a broad agenda of structural changes to improve the business climate, increase productivity and set price signals correctly to stimulate investment, announced Finance minister Joaquim Levy in his speech to the International Monetary and Financial Committee (IMFC) this weekend.
A vice president of construction company Camargo Correa told Brazilian prosecutors that he paid 36 million dollars in bribes to officials of state-controlled oil company Petrobras, the press reported, citing a document prepared by prosecutors.
The International Monetary Fund warned in a communiqué that while economic growth in developed countries had strengthened, some emerging nations were being hit by weaker commodity prices and exports.
China's central bank is to cut its bank reserve requirement ratio by one percentage point. The People's Bank of China said that the new reserve requirement would take effect from Monday. The aim is to stimulate more lending into the nation's slowing economy.
Argentine inflation in March reached 2.12% over February accumulating 29.8% in the last twelve months according to the average of private consultants, which every month is released by opposition members in Congress. This is one percentage point higher than the official March rate announced by the Argentine government's discredited stats office, Indec, 1.3%.
Mercosur must exhaust efforts with determination to advance in trade negotiations with the European Union, said Uruguay's Deputy foreign minister Jose Luis Cancela confirming the country's commitment with the block, but also demanding 'sincerity' in addressing the challenges and agreeing on an international insertion strategy.
The World Medical Association has supported the increasing number of countries planning to introduce plain packaging of tobacco products, including Australia and France. This week it joined the Norwegian Medical Association in supporting proposals to introduce plain packaging in Norway.
A protester crashed a press briefing as the European Central Bank (ECB) explained the success of its 1.1 trillion euro bond buying plan. ECB President Mario Draghi said: “There is clear evidence that the monetary policy measures we have put in place are effective.”
The European Union accused Google Inc on Wednesday of cheating competitors by distorting Internet search results to favor its shopping service, and launched another antitrust investigation into its Android mobile operating system.
Two South African companies, Mantis in the hotel business and Comair airline, will be playing a vital role in developing St Helena's economy through increased communications and the tourist industry, once the international airport is opened next February, according to the latest news from the British Overseas Territory in mid South Atlantic.