Stories for October 2011

Wednesday, October 5th 2011 - 08:08 UTC
Latam’s largest airline merger project appeals several anti-trust conditions

Chile's LAN Airlines and Brazilian carrier TAM have appealed to Chile's top court some of the conditions imposed on their planned merger as the companies push ahead to create one of the world's biggest airlines.
Wednesday, October 5th 2011 - 08:02 UTC
Corporations call for ambitious EU/Mercosur deal and hope farm issues do not ‘derail the project’

Major European corporations called on political leaders for an “ambitious and balanced” European Union-Mercosur trade agreement and asked that ‘agriculture issues’ impacts do not derail the project.
Wednesday, October 5th 2011 - 07:52 UTC
Wool prices suffer considerable tumble in September but still above a year ago

Wool prices suffered a considerable tumble during September in line with the bearish market for commodities as a result of global economic uncertainty, although values are still considerably higher than a year ago.
Wednesday, October 5th 2011 - 07:46 UTC
US congress bipartisan support for trade agreements with Colombia, Korea and Panama

United States industry leaders have welcomed words of encouragement from Republican congressional leaders that have given new hope for implementation of proposed US free trade agreements (FTA) with Korea, Colombia and Panama.
Tuesday, October 4th 2011 - 20:38 UTC
Weaker Real expected to bolster Brazil’s meat sector exports

A weaker Brazilian Real should give companies in Brazil's meat sector more flexibility to increase export volumes and could also provide a short-term boost to margins.
Tuesday, October 4th 2011 - 20:29 UTC
JP Morgan Chase forecast slower growth and lower interest rates in Brazil

JPMorgan Chase & Co. cut its forecast for Brazil’s economic growth and said it expects the central bank to cut interest rates more than it previously expected as global financial turmoil weighs on confidence in Latin America’s biggest economy.
Tuesday, October 4th 2011 - 20:24 UTC
Brazil and EU call for concerted action to face current international situation

Brazil and the European Union must take concerted action to calm markets fearful of global contagion spreading from Europe's debt crisis, leaders from both sides said on Tuesday.
Tuesday, October 4th 2011 - 20:15 UTC
Brazil-FIFA hold a ‘positive meeting’ but negotiations are ongoing

Brazilian President Dilma Rousseff had a “positive meeting” with FIFA general secretary Jerome Valcke on Monday to discuss the 2014 World Cup, Brazil's Sports Minister Orlando Silva said Tuesday.
Tuesday, October 4th 2011 - 20:00 UTC
Greek striking public sector workers blockade ministries and paralyze Athens

Greece’s striking public sector workers blockaded the entrance to several ministries in Athens on the second anniversary of the ruling Socialist party's election victory, disrupting talks with EU and IMF inspectors on the next aid tranche.
Tuesday, October 4th 2011 - 19:55 UTC
Euro banks holders of Greek debt told to prepare for a further ‘shave’

European finance ministers are considering making banks take bigger losses on Greek debt and have postponed a vital aid payment to Athens until mid-November, setting up a crunch point in the Euro zone's sovereign debt crisis.