Stories for January 14th 2010

Thursday, January 14th 2010 - 12:07 UTC
Petrobras expands its operations to Portugal and Turkey

Brazil’s government managed oil giant Petrobras is in talks to buy a stake in Portugal’s Galp Energia, Brazil’s Mines and Energy Minister Edison Lobao told reporters Wednesday in Brasilia.
Thursday, January 14th 2010 - 12:04 UTC
A Greek “headache” for the European Central Bank and interest rates

The Euro-zone is facing one of its most serious internal crises ever as European Central Bank (ECB) governors meet on Thursday, with fiscal problems in Greece and other members of the bloc pushing interest rate issues to the background.
Thursday, January 14th 2010 - 12:00 UTC
Brazil elected to board of directors of Bank for International Settlements

Brazil’s Central bank president Henrique Meirelles was elected to the board of directors of the Bank for International Settlements, a further sign of the country's increasing clout in the world economy.
Thursday, January 14th 2010 - 11:56 UTC
Germany experienced during 2009 the largest ever decline in 60 years

Germany's largely export-driven economy recorded its biggest-ever decline since World War II in 2009: 5%. The country also breached the EU's deficit limit.
Thursday, January 14th 2010 - 11:54 UTC
No end on sight to US budget deficit: one trillion USD in fiscal 2010

United States registered its largest December budget deficit on record as higher unemployment reduced revenue and the government spent money to help the economy recover.
Thursday, January 14th 2010 - 09:58 UTC
Brazil’s main private bank forecasts “aggressive” policy to counter inflation

Brazil will boost interest rates to as high as 13% next year as policy makers become more “aggressive” to ensure the global economic recovery doesn’t fuel faster inflation, according to Bradesco Asset Management
Thursday, January 14th 2010 - 09:55 UTC
Uruguay with the fourth highest inflation in the region last year

Uruguay’s inflation in 2009 was on target, 5.9%, but nevertheless it was the highest in Latinamerica behind Venezuela, Jamaica and Argentina, according to data from Uruguay’s central bank. Overall the global slowdown impacted on the region with lower inflation rates.
Thursday, January 14th 2010 - 09:48 UTC
Barramundi, the Sexy Green Seafood conquering the US

There’s a new fish in town that’s heating up skillets US chefs: it was named a “Hot Culinary Trend for 2010”; The Daily Green and Fabien Cousteau call it “sexy” and the US Green Nutritionist Kate Geagan dubs it a “lean and green super-food”. Its name: Barramundi.