Economy

Wednesday, August 14th 2013 - 19:53 UTC
US imposes anti-subsidy duties on shrimp from Malaysia, China, Ecuador, India and Vietnam

Imports of shrimp from Malaysia will be subject to anti-subsidy duties as high as 54.5%, the U.S. Commerce Department said, while lower penalties were set for similar goods from China, Ecuador, India and Vietnam.
Wednesday, August 14th 2013 - 19:41 UTC
Brazil now admits construction pace of five stadiums for World Cup 2014 ‘must be accelerated’

Brazilian Sports Minister Aldo Rebelo has said he is worried about delays at five stadiums still being built for next year's football World Cup. Rebelo said the pace of construction must be accelerated if the venues are to be ready by this December.
Wednesday, August 14th 2013 - 19:36 UTC
After inflation hits 42%, Maduro names a more pragmatic president to the Central bank

Venezuela President Nicolas Maduro appointed the third central bank president this year as Latin America’s biggest oil exporter seeks to rein in the fastest inflation among the world’s major economies.
Monday, August 12th 2013 - 18:06 UTC
EU confirms no block-to-individual Mercosur member trade negotiation has been requested

The 28-country European Union underscored the potential benefits of a free trade agreement with Mercosur and revealed that so far no country member of the group has requested to a bilateral negotiation.
Monday, August 12th 2013 - 18:03 UTC
Brazil urged for agreement with EU, since next year it will lose trade preferences

Brazil, Latin America‘s biggest economy, is planning to try to negotiate a separate trade deal with the European Union, Foreign Minister Antonio Patriota said in remarks published Monday.
Sunday, August 11th 2013 - 22:06 UTC
Port facilities in Santos and the state of Para will be auctioned next November

Brazil's government is expecting 3 billion Brazilian Reais (1.3 billion dollars) in new investments with the leasing of facilities at its ports in the states of Para and Santos, Sao Paulo, said government officials.
Sunday, August 11th 2013 - 21:53 UTC
Changes ahead for Brazil’s benchmark Bovespa stock index BVSP

Brazil's 45-year-old benchmark Bovespa stock index BVSP could be subject to changes in its structure for the first time to better reflect new trends facing the country's economy, financial bourse BM&FBovespa SA announced last week.
Sunday, August 11th 2013 - 21:36 UTC
Honda to build a second assembly plant in Sao Paulo operational by 2015

Japanese automaker Honda plans to build a new assembly plant in the Brazilian state of Sao Paulo with an annual capacity of 120,000 units, the company said.
Sunday, August 11th 2013 - 04:32 UTC
Chinese economy could be stabilizing shows latest set of economic figures

China's economy could be stabilising, the latest set of economic figures from the country has suggested. Factory output in July rose 9.7% compared with a year ago, ahead of expectations and up from the previous month's figure of 8.9%. Consumer prices held steady in July, rising 2.7% from a year earlier, matching the rate seen in June.
Saturday, August 10th 2013 - 01:58 UTC
UK opens second largest offshore wind farm in the world

Greater Gabbard wind farm, which is reportedly the second largest offshore wind farm in the world, costing £1.3 billion and generating enough clean electricity to power over half a million homes, was officially opened off the British coast of Suffolk by the Energy and Business Minister Michael Fallon.