Economy

Monday, March 21st 2011 - 21:52 UTC
US Export-Import bank loans Brazil 3 billion USD for oil and World Cup

The US government's export credit agency has authorized $3 billion in financing for Brazil, including 2 billion US dollars for the Brazilian government-managed oil company Petrobras.
Monday, March 21st 2011 - 21:50 UTC
Speculation that Brazil’s s steel industry is in the process of consolidation

Brazil’s biggest maker of steel products for the auto and construction industries, Gerdau SA, plans to sell as much as 4.2 billion Real (2.5 billion USD) of stock, boosting speculation that it has plans to buy a stake in a Brazilian rival, most probably Usiminas.
Monday, March 21st 2011 - 21:41 UTC
EU farm ministers support strong CAP with “proportional financial resources”

European Union agriculture ministers at the weekend rejected capping subsidies to Europe's biggest farms but compromised on a fairer share-out of funds between farmers in Eastern and Western Europe.
Monday, March 21st 2011 - 19:40 UTC
IATA warns of setback in the air travel industry while Japan recovers

The International Air Transport Association (IATA) has warned that fuel prices could increase and the global aviation industry will face a setback while Japan recovers from the earthquake.
Monday, March 21st 2011 - 19:35 UTC
Boeing 747-8 Intercontinental begins first successful flight test program

The Boeing 747-8 Intercontinental successfully began its flight test program Monday taking off from Paine Field in Everett, Washington state, before more than several thousand employees, customers, suppliers and community leaders.
Monday, March 21st 2011 - 19:11 UTC
Fearing social unrest, Beijing bans “hedonistic, high-end” lifestyles advertising

China's capital has banned outdoor advertising that promotes hedonistic or high-end lifestyles as the government seeks to ease public concerns about the country's widening wealth gap.
Monday, March 21st 2011 - 17:08 UTC
A Southern Cone cruise considered “the best in the world” at Miami’s Seatrade

A Southern Cone cruise (Uruguay, Argentina, Falkland Islands and Chile) was described as “the best in the world” by John Tercek, Vice President of Commercial Development, Royal Caribbean Cruises Limited, at last week’s Seatrade Cruise Shipping Miami.
Monday, March 21st 2011 - 07:39 UTC
Chilean Central Bank unveils new 1,000 Peso banknote

The president of Chile’s Central Bank showed pictures and described the virtues of the country’s new 1,000-peso (currently worth about US$2.04) banknote this week. This was the fifth and final addition Chile’s new family of banknotes, which have gradually replaced bills in circulation for 30 years.
Sunday, March 20th 2011 - 08:20 UTC
Obama promises Brazil will be treated the same way as China and India

Addressing the Brazilian Industry Federation, in Brasilia President Barack Obama emphasized the possibilities for partnership between the two countries mentioning trade, energy, infrastructure and education. The US leader said that “the future has arrived in Brazil” and promised the US would deal with the country in the same way it does with China and India.
Sunday, March 20th 2011 - 08:12 UTC
US/Brazil to advance trade and economic cooperation agreement

Brazil and the United States agreed on Saturday to boost future cooperation on a range of key issues including trade and energy. The agreements were signed on the first day of US President Barack Obama's two-day visit to Brazil, where he met with Brazilian counterpart Dilma Rousseff. They include TECA, a trade and economic cooperation agreement with a road map for future negotiations.