Economy

• Monday, November 14th 2011 - 21:02 UTC

  None of world major economies will escape a slowdown forecasts the OECD

  

  None of the world's major economies will escape a slowdown, the Organization for Economic Co-operation and Development said, highlighting increasing signs that growth momentum is dwindling across the board.

• Monday, November 14th 2011 - 20:58 UTC

  Merkel calls for EU political union as long term solution to Euro crisis

  

  As technocrats leaders in Italy and Greece rush to form governments as they sought to limit the damage from the Euro zone debt crisis – and the Euro climbed on relief that a key Italian bond auction drew decent demand from investors – German chancellor Angela Merkel stepped up to defend Europe’s common currency.

• Monday, November 14th 2011 - 20:51 UTC

  Brazilian trade minister and 53 companies on African business round

  

  A business mission of 53 companies organised by the Brazilian government plans to begin a tour of Mozambique, Angola and South Africa on 21 November, an Apex-Brasil official said in Sao Paulo.

• Monday, November 14th 2011 - 20:47 UTC

  Brazil moves into Tanzania and will help increase power generation five-fold

  

  Brazilian business and public contractor giant Odebrecht Company Limited, with top global businesses and operations across a wide variety of industries, has shown interest in undertaking the huge Stiegler's Gorge power project in Tanzania’s Rufiji river basin, according to “The East African” weekly.

• Monday, November 14th 2011 - 20:18 UTC

  Mercosur/EU confident of a first proposals exchange in mid 2012

  

  The seventh round of Mercosur/EU trade negotiations held in Montevideo ended with “progress in some areas at regulation and norms levels” and with the commitment of exchanging proposals in mid 2012, according to Joao Aguiar Machado head of the EU team.

• Monday, November 14th 2011 - 18:19 UTC

  Most Latam banks target the SME sector to expand business, shows survey

  

  A large majority of banks in Latin America and the Caribbean consider small and medium-sized enterprise (SME) as a strategic part of their business and are upbeat about expanding their business to this sector in the next two years, according to the Latin American Banking Federation, Feleban.

• Monday, November 14th 2011 - 17:11 UTC

  Mexican remittances rose in September at fastest pace in five years

  

  Mexican remittances rose at the fastest pace in five years in September as immigrant workers took advantage of the Peso’s decline to send more money to relatives, according to the Mexican Central bank.

• Monday, November 14th 2011 - 16:48 UTC

  Uruguay has become an IMF creditor and contributed to bail-out Ireland

  

  Uruguay has become a net creditor of the International Monetary Fund and given this condition has helped in the bailing out of such countries as Ireland and Angola, revealed a top authority of the Central Bank during a hearing before the country’s Senate’s Finance Committee.

• Monday, November 14th 2011 - 07:37 UTC

  Uruguay fears fall in value of the Argentine Peso could impact summer season

  

  In the last eleven days the Argentine Peso has fallen almost 20% in neighbouring Uruguay where it has sounded alarm bells ahead of the coming season when hundreds of thousands of Argentines flood Uruguayan beaches.

• Saturday, November 12th 2011 - 12:46 UTC

  Brazil’s October consumer inflation down but still above target

  

  Consumer price increases slowed month-on-month in Brazil in October, according to the Brazilian Institute of Geography and Statistics, IBGE. The official IPCA consumer price index gained 0.43% in October compared with a 0.53% rise in September.