Economy

• Monday, October 3rd 2011 - 07:22 UTC

  Rousseff and Blatter to discuss disputes regarding organization of 2014 World Cup

  

  Brazilian President Dilma Rousseff plans to meet the president of soccer's world governing body on Monday to resolve a legal dispute over the 2014 World Cup, the Estado de S. Paulo newspaper reported.

• Monday, October 3rd 2011 - 06:56 UTC

  US regulator says it has discovered ‘apparent failures’ at 10 credit rating agencies

  

  The United States Securities and Exchange Commission (SEC) has discovered “apparent failures” at 10 credit rating agencies. SEC said it was concerned that the agencies - including Standard & Poor's (S&P) and Moody's - were not making timely and accurate disclosures or managing conflicts of interest.

• Monday, October 3rd 2011 - 05:24 UTC

  Mercosur/EU trade and Euro crisis, in President Rousseff agenda in Brussels

  

  The Mercosur-EU trade agreement is one of several issues Brazilian president Dilma Rousseff will be addressing Monday in Brussels during the fifth Brazil-EU summit. Rousseff begins in Belgium an official visit to Europe that also includes Turkey and Bulgaria.

• Monday, October 3rd 2011 - 05:21 UTC

  ‘Occupy Wall Street’ protestors vowed to keep fight in spite of 700 arrests

  

  Anti-Wall Street protesters vowed to keep up their fight on Sunday despite the arrests of more than 700 people the previous day for blocking traffic lanes on the Brooklyn Bridge in an unauthorized protest.

• Saturday, October 1st 2011 - 05:54 UTC

  Brazilian president calls on Central bank for “a cycle of interest rate reductions”

  

  Brazilian President Dilma Rousseff made on Friday her strongest call yet for the central bank to continue cutting borrowing costs. At an event in Sao Paulo she said it was “inadmissible” for policy makers not to take into account the possibility of a recession and even a depression in the global economy.

• Saturday, October 1st 2011 - 05:50 UTC

  Achieving investment grade is “not critical” for Uruguay, says Economy minister

  

  Achieving investment grade in the current global scenario is “not critical” for Uruguay since the country has sufficient financing and operates in world markets as “if it had a better rating than it actually has”, said Economy minister Fernando Lorenzo.

• Saturday, October 1st 2011 - 05:42 UTC

  Chilean Peso in September slumps 10%, and copper slides 24%

  

  Chile’s peso posted its biggest monthly drop since Lehman Brothers Holdings Inc. collapsed as a slump in copper dimmed trade prospects for the metal’s biggest producer. The peso sank 1.3% to 519.75 per US dollar on Friday.

• Saturday, October 1st 2011 - 05:30 UTC

  Banks and bonds of Italy and Spain need to be protected, warns Soros

  

  Policymakers have lost control of the economic crisis and financial markets are forcing the world into a depression, George Soros said on Friday, urging Europe to create a common Treasury, recapitalize its banks and protect vulnerable states.

• Saturday, October 1st 2011 - 01:16 UTC

  Construction activity in Argentina remains steady as investors choose “bricks”

  

  Argentina's construction activity rose 7.3% on the year in August, as builders and private investors continued to benefit from a booming economy and high inflation.

• Friday, September 30th 2011 - 18:27 UTC

  Brazil primary budget surplus down in August; growth projection lowered to 3.5%

  

  Brazil’s budget surplus before interest payments narrowed in August to its lowest in nine months even as the central bank relies on fiscal policy to help fight the fastest inflation in six years.