Stories for September 2013

Monday, September 9th 2013 - 01:36 UTC
Mercedes plans to build a compact cars factory in Brazil

German carmaker Daimler plans to build a new Mercedes factory in Brazil to benefit from growing demand for compact cars in the country, its chief executive told a German newspaper.
Monday, September 9th 2013 - 01:34 UTC
World’s largest volcano has been discovered on the Pacific Ocean floor

The world's largest volcano has been discovered on the floor of the Pacific Ocean. The volcano, 1,600 kilometres east of Japan and called the Tamu Massif, is the size of the British Isles. It covers 308,000 square kilometres, rising around 3.54 km above the bottom of the seabed and delving 29 km into the Earth's crust.
Sunday, September 8th 2013 - 00:42 UTC
Round of protest against corruption on Brazil’s Independence Day celebrations

Police in Brazil used tear gas, dogs and rubber bullets to scatter protesters against corruption who tried to interrupt Saturday’s Independence Day celebrations including military parades in Rio de Janeiro, Brasilia and in dozens of other cities which led to scuffles between marchers and police.
Sunday, September 8th 2013 - 00:40 UTC
G20 anticipates automatic tax information sharing by end of 2015 to tackle global evasion

The Group of 20 said on Friday they expect to begin automatically sharing tax information by the end of 2015. The system of information sharing forms part of plans to tackle global tax evasion. In a communiqué published on Friday, G20 leaders said they would take steps to close loopholes that allow legal tax avoidance by big businesses.
Sunday, September 8th 2013 - 00:38 UTC
Argentina before the NY appeals court hoping ‘vulture’ funds litigation extends into 2014/15

Argentina filed two appeals before the New York Appeals Court over the dispute with the so called ‘vulture (hedge) funds’. The presentation was made a few moments before the Friday deadline and in the petition Argentina requests the revision of the 23 August ruling which orders Argentina to make effective the full payment of 1.4bn dollars (full face value of defaulted sovereign bonds plus interests) to the claimants.
Sunday, September 8th 2013 - 00:35 UTC
Santos names new cabinet; says nothing about re-election bid and admits an ‘agrarian reform’ is needed

Colombia's President Juan Manuel Santos named this week five new ministers to his cabinet of ‘peace and unity’ strengthen his government ahead of presidential elections next year and after heavy criticism of his handling of a protest in the farming sector that turned violent last week.
Sunday, September 8th 2013 - 00:33 UTC
Conservative landslide victory in Australia: pledge to cut mining taxes and end to Asian boat-people

Australia's opposition has crushed the governing Labour party in a general election that has returned the Liberal-National coalition to power for the first time in six years. The coalition was on course to win 88 seats, compared with 57 for Labour. Liberal leader Tony Abbott said he looked forward to forming a competent and trustworthy government.
Sunday, September 8th 2013 - 00:29 UTC
Paraguay insists it does recognize Venezuela as a full member of Mercosur

Paraguay as full member and in full exercise of that condition does not recognize Venezuela as president or full member of the group, according to a communiqué sent to all of Paraguay’s ministries and overseas representations.
Sunday, September 8th 2013 - 00:27 UTC
ILO satisfied with G20 recognition that more must be done to reduce unemployment

International Labour Organization Director-General Guy Ryder welcomed the recognition by G20 Leaders that more must be done to reduce unemployment, which is hitting record levels in many G20 countries, and to tackle the underemployment that is slowing poverty reduction in many developing and emerging economies.
Sunday, September 8th 2013 - 00:13 UTC
China’s 2014 growth target remains at 7%; this year could reach 7.5%

China’s government may cut the country’s annual growth target to 7% next year, although the actual pace of expansion will be higher, said Fan Jianping, chief economist at a state research institute. The drop would be in line with the goal set in the country’s 2011-2015 five-year plan for annual average expansion of 7%.