Stories for October 26th 2011

Wednesday, October 26th 2011 - 03:13 UTC
Brazil’s total federal debt stands at just over a trillion dollars, said the Treasury

Brazil's total federal debt rose in September as the Treasury issued new debt at home and abroad, the government reported this week. The country's federal debt load increased 2.3% in the month to Reais 1.809 trillion (1.02 trillion dollars), from Reais 1.768 trillion in August, the Treasury said in a statement.
Wednesday, October 26th 2011 - 03:08 UTC
In eight years Brazilian officials skimmed 37.7bn dollars from government coffers

Brazilian officials skimmed at least a staggering equivalent of 37.7bn dollars from government coffers in just eight years of corruption cases from 2003-2010, the Rio do Janeiro daily O Globo reported, based on numbers from the country’s Public Accounts ombudsman.
Wednesday, October 26th 2011 - 03:04 UTC
Brazil asks WTO to study “currency ‘misalignments” and global trade

Brazilian government has proposed further study at the World Trade Organization on the effects that exchange rate fluctuations have on international trade, the foreign ministry said this week.
Wednesday, October 26th 2011 - 02:56 UTC
CFK will meet Obama (on his request) during the G20 summit in France

US President Barack Obama has requested to meet with recently re-elected President Cristina Fernández during the next G20 summit to be held on the 3rd and 4th of November in Cannes, France.
Wednesday, October 26th 2011 - 02:53 UTC
UN assembly calls on the US (for the 20th time) to lift trade embargo against Cuba

The UN General Assembly called on Tuesday for the 20th straight year on the United States to lift its trade embargo against Cuba, as the communist-run island dismissed as fraudulent US moves to ease some restrictions.
Wednesday, October 26th 2011 - 02:47 UTC
Iran blames the West for the killing of Gaddafi and ‘plundering’ Libya

Western countries supported Muammar Gaddafi when it suited them but bombed the Libyan leader when he no longer served their purpose in order to “plunder” the north African country's oil wealth, Iranian President Mahmoud Ahmadinejad said on Tuesday.
Wednesday, October 26th 2011 - 02:45 UTC
Euro zone bailout summit outcome in doubt; Italian government on the brink

Italy's cabinet failed on Tuesday to agree on pension reforms as the country seeks to re-launch its economy and tackle its debt. Meanwhile, financial markets nervously await the outcome of Wednesday's second Euro zone summit.
Wednesday, October 26th 2011 - 02:36 UTC
Brazilian president misses regional summit but prepares for G20 in France

Brazilian president Dilma Rousseff won’t be attending the Ibero-American summit to take place in Paraguay next Friday and Saturday and will be represented by her Foreign Affairs minister Antonio Patriota, it was announced Tuesday.
Wednesday, October 26th 2011 - 02:32 UTC
Argentine industry ratifies support for CFK policies, but demands more competitiveness

Over 80% of the Argentine electorate ratified on Sunday the current economic course, ‘which we must all support’ said the president of the powerful Argentine Industrial Union, Jose Ignacio de Mendiguren, who nevertheless called for a greater effort in “systemic competitiveness”.
Wednesday, October 26th 2011 - 02:27 UTC
Marfrig plans massive restructure to reduce costs and trim debt

Brazilian meat processor Marfrig will restructure multiple segments of the company between now and December in an effort to reduce costs and trim away at its current debt of BRL10.3 billion (5.8 billion dollars), the company's president said this week in an interview with Valor Economico newspaper, partly reproduced by Meat trade news Daily.