Stories for May 17th 2011

Tuesday, May 17th 2011 - 23:31 UTC
US dollar status as world’s single reserve currency will end by 2025

The United States dollar status as the world’s single reserve currency will end by 2025, according to a new report by the World Bank.
Tuesday, May 17th 2011 - 23:16 UTC
Latin America has 45% of under 18, equivalent to 81 million living in poverty

Almost 81 million children under 18 suffer from poverty in Latin America which is equivalent to 45% of that age group according to a study by the Economic Commission for Latin America and the Caribbean (ECLAC) and the United Nations Children's Fund (UNICEF).
Tuesday, May 17th 2011 - 23:12 UTC
Argentina/Brazil meet next week to address trade differences

Argentina and Brazil agreed Tuesday to resume ‘constructive’ trade negotiations to overcome the current bilateral dispute which surfaced following the latest protectionist measures that threaten exports from the two main Mercosur partners.
Tuesday, May 17th 2011 - 17:39 UTC
Brazil non automatic import licences on blankets from China and Uruguay

Brazil announced it was imposing non automatic import licences on synthetic fibre blankets from Paraguay, Uruguay and China, according to an official communiqué from the Brazilian Ministry of Development, Industry and Foreign Trade released Tuesday.
Tuesday, May 17th 2011 - 17:13 UTC
Humala or Keiko, they will have to work hard for parliamentary support

Whatever happens next June 5 when the Peruvian presidential run-off between Ollanta Humala and Keiko Fujimori, none of them will have a clear support in the 130 seats Congress which will force alliances as has been the recent legislative history of the Andean country.
Tuesday, May 17th 2011 - 15:42 UTC
Brazil insists with an emerging economy Managing Director for the IMF

Brazil’s former Foreign Affairs minister Celso Amorim said that the next IMF Managing Director must come from an emerging economy if Dominique Strauss-Kahn, currently in custody in New York on alleged rape charges finally looses his job.
Tuesday, May 17th 2011 - 15:35 UTC
Brazilian banks and funds create company to build deep-water rigs for Petrobras

A group of Brazilian banks and funds have created a company called Sete Brasil that will build seven deep-water rigs for state-run oil company Petrobras offshore exploration campaign, Petrobras announced on Monday.
Tuesday, May 17th 2011 - 15:31 UTC
Brazil’s Vale wants to become world leader in nickel production

Brazil’s Vale, the world’s leading exporter of iron ore is moving strongly into other minerals with the opening of its first nickel operation in Onca Puma to the southeast of Pará state which is considered one of the largest ferronickel production plants in the world.
Tuesday, May 17th 2011 - 15:21 UTC
Potential candidates to succeed Strauss-Kahn as head of the IMF

Dominique Strauss-Kahn, (DSK) the head of the International Monetary Fund, may be forced to leave his post after being accused of trying to rape a maid in his New York hotel room. IMF is currently under John Lipsky Acting Managing Director.
Tuesday, May 17th 2011 - 06:05 UTC
Cuba announces small private businesses can hire and fire labour

Cuba has given all small businesses the authority to hire (and fire) labour and will loosen other regulations governing private enterprise as part of the broader measures to reform the island’s economy and boost production, the government said in a statement.