Brazilian Finance Minister Guido Mantega, on Wednesday cheered the Federal Reserve's decision to leave stimulus unchanged, saying it may signal an end to market turmoil. Mantega, who gained international fame for using the term currency wars to describe rich nations’ efforts to lift exports by weakening their currencies, said a gradual stimulus withdrawal may boost Latin America's largest economy.
With one lab suspended and its replacement unfinished, Brazil won't be able to handle drug testing for the 2014 World Cup alone and is looking overseas for help. The executive director of the country's anti-doping authority said the new lab in Rio de Janeiro should be running a year before the 2016 Olympics. But, Marco Aurelio Klein added, the lab won't be ready for the World Cup next June and July.
The Falkland Islands referendum of last March gave credibility to the Islanders’ position in their political cause according to a multi party delegation of visiting Panamanian parliamentarians, reports the latest edition of the Penguin News.