Stories for 2012

Friday, June 22nd 2012 - 08:37 UTC
Euro area has reached a “critical stage” for the viability of the monetary union, warns the IMF

The Euro area crisis has reached a “critical stage” and member nations must make a “strong commitment” to the shared currency to stop the plunge in investor confidence, the IMF said in a report that recommends issuing common debt as one solution.
Friday, June 22nd 2012 - 08:31 UTC
Premier Wen Jibao will address China-Latam relations at a conference in ECLAC

Premier of China, Wen Jiabao, will visit the headquarters of the UN Economic Commission for Latin America and the Caribbean (ECLAC) in Santiago, Chile, on Tuesday 26 June to deliver a lecture.
Friday, June 22nd 2012 - 08:27 UTC
Canadian company still interested in recapitalization of Uruguay’s national airline

Chorus Aviation Inc. says it is working with the Uruguayan government on the recapitalization of the country’s flag carrier Pluna, just days after the Canadian company said it won't invest more money to bail out the airline.
Friday, June 22nd 2012 - 08:13 UTC
Brazilian government studying fuel price increase to support Petrobras

Officials from Brazil's state-run oil company, Petrobras and the government on Thursday confirmed they are studying a fuel price increase to help offset the costs of fuel sector investments.
Friday, June 22nd 2012 - 08:03 UTC
Brazilian iron ore exports drop 19% in value, first time since 2002

Brazilian exports of iron ore from January through May were down 19% in value from the same period last year, according to a report from Sao Paulo based newspaper Folha on Thursday.
Friday, June 22nd 2012 - 07:58 UTC
Brazil’s Bovespa monopoly on the line as government considers boosting competition

Brazil’s stock exchange Bovespa is facing a loss in market share estimated at as much as 30% by HSBC Holdings Plc and Banco Itau BBA SA as the nation considers boosting competition among trading platforms.
Friday, June 22nd 2012 - 07:55 UTC
Brazil and China sign 30bn dollars swap to boost trade and better weather global turbulence

Brazil and China will sign an agreement in the coming weeks to swap as much as 30 billion in their two currencies, Brazil Finance Minister Guido Mantega said.
Friday, June 22nd 2012 - 07:49 UTC
World corn glut as Matto Grosso in Brazil doubles crop over last year

Corn fell in Chicago on concern a record harvest in Brazil’s Mato Grosso state may add to a supply glut and on speculation slowing US economic growth will cut demand for grain used to make ethanol.
Friday, June 22nd 2012 - 07:46 UTC
Credit Suisse’s Brazil growth forecast of 1.5% this year “a joke” said Mantega

Finance minister Guido Mantega said the latest release from investment bank Credit Suisse forecasting Brazil’s 2012 GDP growth at 1.5%, was “a joke”.
Friday, June 22nd 2012 - 07:39 UTC
Political deal in Germany on the ESM; mini summit in Rome to rescue Spain

The German government and opposition reached on Thursday a deal that will allow parliament to approve the European Stability Mechanism, ESM, next week, but Germany's top court may delay the rescue fund's start date, saying it needed time to study the treaty.