Economy

Monday, June 17th 2013 - 16:03 UTC
Brazil and UK sign long term cooperation program in biotechnology research

The British Biotechnology and Biological Sciences Research Council (BBSRC) and the Brazilian National Council for Scientific and Technological Development (CNPq) signed a Letter of Understanding to implement a new Cooperation Program to extend the long-term collaboration between the parties.
Sunday, June 16th 2013 - 14:39 UTC
Booing down of President Rousseff reflects growing dissatisfaction with the economy

Inflation, slower growth, street protests over the increase in bus fares smacked full on at an ill-humoured Brazilian president Dilma Rousseff during the opening ceremony of the Confederations Cup in Brasilia when she was booed down three times and simply had to declare the event open.
Sunday, June 16th 2013 - 13:40 UTC
US recovery ‘more durable’ but must restore ‘long run fiscal sustainability’ says IMF

United States could spur growth by adopting a more balanced and gradual pace of fiscal consolidation, especially at a time when monetary policy has limited room to support the recovery further, the International Monetary Fund said after wrapping up its annual review of the world’s largest economy.
Sunday, June 16th 2013 - 13:33 UTC
Redesigned 100 dollar note begins circulation next 8 October, says Fed

The Federal Reserve Board on Wednesday announced that the redesigned 100 dollar note will begin circulating on 8 October 2013. This note, which incorporates new security features such as a blue, 3-D security ribbon, will be easier for the public to authenticate but more difficult for counterfeiters to replicate.
Saturday, June 15th 2013 - 04:06 UTC
Greeks and Spaniards move north in growing numbers looking for jobs, says OECD

Greeks and Spaniards are moving to northern Europe in growing numbers, the Organization for Economic Cooperation and Development (OECD) said this week, as soaring unemployment rates and fiscal austerity erode living standards in the south.
Saturday, June 15th 2013 - 02:33 UTC
Uruguay’s economy expands 3.7% in the first quarter compared to a year ago

Uruguay’s economy expanded 1.2% in the first quarter of the year compared to the last quarter of 2012, which had a poor performance of 0.1%, according to the latest release from the Central Bank. Likewise in the first quarter the economy increased 3.7% over the same period a year ago.
Friday, June 14th 2013 - 23:20 UTC
Isle of Man hits back at G8 over tax evasion and questions secrecy of UK and US banks

The Isle of Man and Jersey have hit back at accusations that they facilitate tax evasion and avoidance ahead of next week's G8 summit. The offshore jurisdictions, frequently described as tax havens, suggest recent pressure from world leaders is politically motivated.
Friday, June 14th 2013 - 23:17 UTC
Brazil pumps more consumer credit lines trying to bolster the economy

The administration of President Dilma Rousseff will hand out 17 billion Reais (8 bn dollars) in cheap loans for home appliance purchases it was announced this week, a further attempt bolster Brazilians' buying power as an anemic economy and high inflation erode its approval rating.
Friday, June 14th 2013 - 03:42 UTC
Thinking in October, Cristina Fernandez demands from banks a new round of low cost business loans

Argentina will demand that banks grant a new round of low-cost business loans from July through December, totalling about 3.8 billion dollars, the central bank said on Thursday. The decision comes four months ahead of mid-term elections next October.
Friday, June 14th 2013 - 03:25 UTC
Structural reform to ensure faster growth remains a main challenge for Latam economies

Finding the optimal balance between macroeconomic policies to stimulate domestic demand in the short term and structural reforms to enable faster growth over the longer run, remain as the main challenges for the Latinamerican economies, according to the latest report from the World Bank.