Stories for November 28th 2013

Thursday, November 28th 2013 - 10:56 UTC
Brazil Supreme Court postpones major ruling against banks until February

Brazil's Supreme Court postponed until February a ruling on lawsuits by depositors that could cost the nation’s banks 65 billion dollars. Depositors claims relate to adjustments to accounts to compensate for hyperinflation and other drastic measures in early nineties mostly under president Fernando Collor de Melo.
Thursday, November 28th 2013 - 10:50 UTC
Sigh of relief in Europe: German Chancellor Merkel works out a 'grand coalition'

Chancellor Angela Merkel's conservatives and the center-left Social Democrats (SPD) clinched a coalition deal early Wednesday that puts Germany on track to have a new government in place by Christmas.
Thursday, November 28th 2013 - 10:41 UTC
Crane collapse in stadium for opening match of 2014 World Cup kills two workers

Two people died in an accident at Sao Paulo's stadium, which is due to host the opening ceremony of the 2014 World Cup finals, police say. A senior local fire official said crews were called Wednesday midday to the Arena Corinthians after reports of a collapsed crane. It fell on top of a metal structure, destroying part of a facade.
Thursday, November 28th 2013 - 10:36 UTC
Spain assures it will not open UK government bags with official correspondence

Spain has assured London that the incident in which UK government bags containing official correspondence and communications were opened by Spanish officials at the Gibraltar border, “will not see a repeat of these actions”, according to an official release from the Foreign Office on the update to Parliament on the incident.
Thursday, November 28th 2013 - 10:31 UTC
Maduro tells Central bank he expects 5% deflation in November because of the mandatory price cuts

President Nicolás Maduro has sent clear messages to the Venezuelan central bank arguing that following the 'economic war' he declared on big business and hoarding with the mandatory cuts in prices, November should register “5% deflation and not inflation”.
Thursday, November 28th 2013 - 10:26 UTC
Rousseff reluctant to increase fuel prices fearing inflation and social unrest

Brazilian president Dilma Rousseff is reluctant to allow the country's oil corporation Petrobras to increase the price of fuels this year, which would have an immediate impact on gasoline, transport and inflation, according to Folha de Sao Paulo.
Thursday, November 28th 2013 - 10:21 UTC
Gol airlines admits it's on the brink because of Brazil's tepid economic performance

Brazilian airline Gol Linhas-Aereas could continue cutting its domestic network in 2014 if necessary, Chief Executive Paulo Kakinoff said this week, highlighting uncertainty about economic growth.
Thursday, November 28th 2013 - 10:04 UTC
Falklands' referendum receives praise and is shown as an example for other Overseas Territories

Praise for the Falkland Islands last March referendum and encouragement for other Overseas Territories to hold similar referendums on their future, was included in the final communiqué from the annual UK/British Overseas Territories joint Ministerial Council held this week in London.