Stavros Moyal y Asociados S.R.L., the Russell Bedford accounting group's Uruguayan firm, has won the contract to audit the Central Bank of Uruguay (Banco Central del Uruguay). The audit was won in public competition against Big-4 firms for the period 2010 - 2012.
The European Commission Agriculture and Fisheries Council meets Monday in Brussels to begin the discussion process of the Common Agriculture Policy proposals recently set out. In the fisheries chapter the Council is expected to reach a political agreement on two regulations fixing the fishing opportunities for 2011 regarding certain fish stocks and groups of fish stocks applicable
More new automobiles are expected to be sold in China this year than have ever been sold in any nation ever in a calendar year, beating the current record of 17.4 million units from 2000 in the U.S.
China will enhance and improve macro-economic regulation to ensure stable and healthy economic development in 2011, said a statement released Sunday in Beijing after the annual Central Economic Work Conference.
Leading OPEC producer Saudi Arabia said it still favoured a 70-80 US dollars price range for oil, a restatement of a two-year-old policy that will be welcomed by consumer nations worried that rising oil prices may get out of control and hamper global economic recovery.
Brazil's consumer inflation (IPCA) reached 0.83% in November, the highest monthly level in more than five years. November 2009 the index was 0.41% and last October 0.75%. The pace of price rises has not been this fast since April 2005, when it reached 0.87%..
China increased banks reserve requirements for the third time in five weeks to counter the threat from inflation after November’s lending and trade surplus topped analysts’ estimates.
Brazilian aircraft maker Embraer on Friday unveiled a new subsidiary to focus solely on the defence and security industry, in a further move beyond from its core civil aviation business. The company said in a statement its new Embraer Defence and Security unit will be headed by Chief Financial Officer Luiz Carlos Aguiar.
Even when China's foreign trade hit a historic high in November, boosted by rising demand ahead of the Christmas shopping season, economists forecast a bumpy road next year.
Economic data suggest that a 1 percentage point increase in China’s growth rate sustained over five years means an extra 0.4 percentage point of growth for the rest of the world, two experts at the International Monetary Fund said after studying figures for the past two decades.