Stories for 2013

Thursday, October 10th 2013 - 00:57 UTC
Brazilian annual inflation to September the lowest in nine months

Annual inflation in Brazil reached its lowest level in nine months, but the country still shows signs it hasn't yet come to grips with persistently higher prices. Brazil's 12-month inflation reading continued to retreat, falling to 5.86% in September, the Brazilian Institute of Geography and Statistics, or IBGE, said Wednesday.
Thursday, October 10th 2013 - 00:48 UTC
Brazil wants to catch the spies and will host global summit on Internet governance next April

Brazil, which has slammed massive US electronic spying on its territory, said on Wednesday it would host a global summit on Internet governance in April. President Dilma Rousseff made the announcement after conferring in Brasilia with Fadi Chehade, chief executive of the Internet Corporation for Assigned Names and Numbers (ICANN).
Thursday, October 10th 2013 - 00:42 UTC
Noble in chemistry for three scientists who developed computer simulation programs

This year's Nobel Prize in Chemistry has gone to three scientists who developed computer programs that have become as important to chemists as test tubes. These programs accurately simulate how large, complex molecules behave and this work is central to drug discovery, materials science and much more.
Thursday, October 10th 2013 - 00:35 UTC
Obama nominates ‘pro-jobs’ Yellen to head the Federal Reserve

President Barack Obama has nominated Federal Reserve Vice-Chair Janet Yellen to run the world's most influential central bank and urged the Senate to confirm her without delay. Yellen, an advocate for aggressive action to stimulate US economic growth through low interest rates and large-scale bond purchases, would replace Fed Chairman Ben Bernanke, whose second term ends on January 31.
Wednesday, October 9th 2013 - 05:49 UTC
Brazil finishes trade liberalization proposal for Mercosur/EU negotiations

The Brazilian government National Trade Council, Camex, approved the contents of a proposed trade liberalization offer to be made by Brazil involving negotiations for a wide ranging cooperation and trade agreement between Mercosur and the European Union.
Wednesday, October 9th 2013 - 05:46 UTC
Venezuelan minister invited to Paraguay: Mercosur and bilateral relations in the agenda

Venezuela Foreign minister Elias Jaua is expected Wednesday in Asuncion, a guest of the Paraguayan government to talk about bilateral relations, Mercosur and to advance in negotiations of common interest, according to sources from the administration of President Horacio Cartes.
Wednesday, October 9th 2013 - 05:38 UTC
Brazil expected to announce “the largest oil discovery in the world this year”

Petrobras CEO Maria das Gracas Foster described as ‘simply exceptional’ the latest discovery of hydrocarbons off the coast of the north-eastern state of Sergipe on the Atlantic but declined to give further details of the prospect. Even when the Brazilian administration has abstained from making any announcement the Sergipe government has said “it is the largest oil discovery in the world this year”.
Wednesday, October 9th 2013 - 05:33 UTC
French Total signs to explore for oil to the north of Uruguay

French energy giant Total signed on Tuesday a deal with Uruguay’s oil company Ancap to search for oil in the northern counties of Artigas and Salto in an area of 6.200 square kilometres.
Wednesday, October 9th 2013 - 05:28 UTC
IMF forecasts higher growth for Argentina this year, but reliability of official stats remains controversial

Argentina’s growth has recovered because of an abundant crop but economic activity continues to be contained because of the exchange rate and other administrative controls, according to the IMF latest World Economic Outlook (WHE), Latam and Caribbean chapter released on Tuesday. The IMF statement refers to Argentina’s export duties and the so called ‘dollar clamp’ which bans even saving in US dollars.
Wednesday, October 9th 2013 - 05:25 UTC
Lower commodity prices and poor infrastructure cut Latam growth prospects says IMF

The International Monetary Fund on Tuesday cut its economic growth forecast for Latin America and the Caribbean, blaming, at least in part, poor infrastructure and lower commodity prices. In its latest World Economic Outlook report, the IMF noted that emerging markets generally were facing a dampening of growth amid “less supportive external conditions and domestic supply-side constraints.”