Stories for 2012

Friday, July 6th 2012 - 02:02 UTC
Romney’s vice-presidential pick is crucial next decision of White House race

By Andrew Hammond (*) - With polls indicating this year’s race for the White House will be highly competitive, the key decision Mitt Romney has to make before the Republican presidential convention in August is his choice of running mate.
Friday, July 6th 2012 - 01:55 UTC
FAO food price index down in June but rebound anticipated for July

FAO Food Price Index fell for the third consecutive month in June 2012, dipping 1.8% from May to its lowest level since September 2010. The four-point drop in June brought the index to 201 points from a revised level of 205 points in May 2012.
Friday, July 6th 2012 - 01:48 UTC
Brazil’s use of installed industrial capacity falls for a fourth consecutive month

Brazil's use of installed industrial capacity fell for a fourth consecutive month in May, alongside a decline in industrial sales during the period, Brazil's National Confederation of Industries, or CNI, said Thursday.
Friday, July 6th 2012 - 01:47 UTC
Singapore sovereign-wealth fund increasing investments in Brazil and Mexico

Temasek Holdings, Singapore's sovereign-wealth fund, is increasing its exposure to Brazil and the rest of Latin America because of the region's strong long-term growth prospects, the company said Thursday in a press release.
Friday, July 6th 2012 - 01:32 UTC
“Leaving the Euro; a practical guide” wins the 2012 Wolfson Economics Prize

Economic research company Capital Economics has won the 2012 Wolfson Economics Prize, which is the second biggest prize in economics after the Nobel Prize.
Friday, July 6th 2012 - 01:28 UTC
Big moves in Brazilian cement market to prevent further industry concentration

Brazil’ competition regulator Cade approved Brazilian industrial group Camargo Correa's June purchase of a controlling stake in Portuguese cement maker Cimpor, subject to several conditions.
Thursday, July 5th 2012 - 22:40 UTC
Brazil oil and gas production reached 2.78 million barrels equivalent per day

Brazilian oil and natural gas output rose 1.89% in May from April to 2.78 million barrels of oil and gas equivalent a day (boepd) as crude output from giant, new offshore fields increased, Brazil's oil agency ANP said on Thursday.
Thursday, July 5th 2012 - 22:30 UTC
Argentina further tightens “dollar clamp”, bans all greenback’ purchases for savings

The Argentine Central Bank announced on Thursday it will officially ban the purchase of dollars for savings, the latest in a series of measures to discourage the buying of greenbacks.
Thursday, July 5th 2012 - 22:25 UTC
Bank of England pumps further £50 billion to the economy; total stimulus £375 bn

The Bank of England has announced on Thursday it will pump a further £50bn into the UK economy over the next four months through its quantitative easing (QE) program to try to help the economy.
Thursday, July 5th 2012 - 22:22 UTC
ECB lowers interest to record low 0.75%; pushes banks to lend by cutting overnight rate to zero

The European Central Bank cut its key interest rate by a quarter percentage point Thursday to a record low 0.75% to try to help ease Europe’s financial crisis, boost its sagging economy and restore confidence.