Stories for 2010

Wednesday, June 30th 2010 - 05:31 UTC
Lula da Silva anticipates World Cup semi-finals with four Mercosur members

Brazilian President Lula da Silva said on Tuesday he expects the four Mercosur countries Argentina, Brazil, Paraguay and Uruguay to meet in the semi-finals of the World Cup in South Africa.
Wednesday, June 30th 2010 - 05:21 UTC
Brazil largest meat processor JBS targeting US top pork producer

Shares of Smithfield Foods Inc., the top U.S. pork producer, jumped as much as 8.3% Tuesday on speculation the company may be a takeover target for Brazil-based meat processor JBS S.A. A report in the Brazilian publication Valor Economico, citing market sources said JBS may seek discussions over an acquisition with Smithfield.
Wednesday, June 30th 2010 - 05:19 UTC
UK Pavilion has won Royal Institute of British Architects’ Lubetkin Prize

The UK Pavilion at the Shanghai Expo 2010 has scooped the prestigious RIBA (Royal Institute of British Architects’) Lubetkin Prize for the most outstanding work of architecture outside the European Union by a RIBA member.
Wednesday, June 30th 2010 - 05:14 UTC
Caterpillar expanding plant in Brazil to meet growing Latam demand

US corporation Caterpillar Inc. said Tuesday it will build a new manufacturing facility in Brazil to meet growing customer demand there and across Latin America.
Wednesday, June 30th 2010 - 05:10 UTC
BIS recommends slashing budget deficits and rising borrowing costs

Governments must slash budget deficits decisively and central banks should not wait too long to raise borrowing costs as side effects from measures prescribed to tackle the global recession may create the next crisis according to the Bank for International Settlements.
Tuesday, June 29th 2010 - 05:40 UTC
Boosted by agriculture Paraguay set to expand 6% in 2010

Paraguay expects an annual growth of 5% by the end of President Fernando Lugo’s administration which finishes in 2013 and inflation should not be higher than one digit said Economy Minister Dionisio Borda.
Tuesday, June 29th 2010 - 05:38 UTC
Obama to host 18 African nations’ 50th independence celebration

US president Barack Obama whose father was from Kenya will be hosting next August a major event to celebrate the 50 years of independence of eighteen African countries, according to US sources.
Tuesday, June 29th 2010 - 05:30 UTC
Brazil to implement new banking reserve requirements bases on Basel Index

Brazil's government will implement new reserve requirements on credit operations undertaken by the nation's banks, in compliance with the latest changes in the Basel Index, by 2012, the Central Bank of Brazil said in a statement Monday.
Tuesday, June 29th 2010 - 05:25 UTC
Fitch lifts Brazil’s credit rating to investment-grade; further ‘improvement’ needed

Brazil’s credit rating outlook was boosted to positive from stable by Fitch Ratings, which cited the country’s “growth dynamics” and “prudent” policies. Fitch rates Brazil BBB-, the lowest investment-grade rating and in line with rankings from Standard & Poor’s and Moody’s Investors Service.
Tuesday, June 29th 2010 - 05:13 UTC
Punta Arenas planning International Antarctic Centre

Punta Arenas in the extreme south of Chile and seat of the country’s Antarctic Institute will have a new complex that will include the Institute’s offices, research laboratories and a museum dedicated to Chile’s strong and long presence in Antarctica.