Economy

• Friday, January 28th 2011 - 02:14 UTC

  Europe Could Fall Apart Sustaining Euro Warns Soros

  

  Billionaire financier George Soros warned on Wednesday that Europe could potentially fall apart because of the “two-speed Europe” of haves and have-nots that is being perpetuated by the reform of the embattled euro.

• Thursday, January 27th 2011 - 21:01 UTC

  Record Low Unemployment Rate in Brazil for 2010

  

  Brazil’s booming economy registered record low unemployment in 2010 as a strengthening economy created jobs. The rate fell to a record low in 2010, as the country’s economy records the fastest growth since 1985.

• Thursday, January 27th 2011 - 20:53 UTC

  General Motors Drops Loan Application After Improvement

  

  General Motors said on Thursday that it was withdrawing its application to borrow $14.4 billion from a pool of federal money intended to help automakers build more fuel efficient vehicles.

• Thursday, January 27th 2011 - 19:55 UTC

  France and Germany Committed to European Single Currency

  

  European leaders and business people met on Thursday at the World Economic Forum in Davos, Switzerland. President Sarkozy said both he and German Chancellor Angela Merkel were firm in their commitment to the European single currency.

• Thursday, January 27th 2011 - 19:02 UTC

  Argentine Exports Call For Government Help to Resolve Strike

  

  Grains exporters called on the Argentine government on Thursday to help end a pay strike before it disrupts shipments from one of the world's biggest food suppliers.

• Thursday, January 27th 2011 - 18:31 UTC

  Sales of Homes in the US show Signs of Recovery

  

  The number of newly signed sale contracts on existing United States homes registered another increase in December, beating analysts' expectations.

• Wednesday, January 26th 2011 - 23:59 UTC

  Obama’s Speech Focuses on Economy

  

  The US president has been focusing on jobs and the economy as he addressed the public in his annual State of the Union speech.

• Wednesday, January 26th 2011 - 23:46 UTC

  Brazil to Restrict Foreign Mining

  

  Brazil’s recently sworn in government, is concerned about increasing foreign interests in its mining assets and is looking in to the possibility of restricting foreign purchases of mines, Folha de Sao Paulo reported.

• Wednesday, January 26th 2011 - 23:42 UTC

  BBC World Service Cuts Jobs

  

  The British Broadcasting Corporation (BBC) will cut some 650 jobs, more than a quarter of the state financed entities 2,400 jobs, over the next three years.

• Wednesday, January 26th 2011 - 22:23 UTC

  Another Good Year Expected For Uruguayan Bank Profits

  

  Uruguayan banks will probably be able to continue with last year’s profits in the current year, as the economy strengthens, Fernando Oliva, directory of consultancy at Doloitte told BNAmericas.