China is launching its long-awaited Nasdaq-style stock market in the southern city of Shenzhen. Twenty eight small- and medium-sized enterprises are expected to debut on the new exchange.
In early November a Chilean court will rule on a 108 million US dollars lawsuit brought by 126 Chilean fresh fruit export companies against the nation’s Agriculture and Livestock Service (SAG) agency.
The Argentine government announced a package of fiscal control measures on Thursday, including the use of electronic bills for sales of imported goods, second-hand car sales and hotel operations.
The UK is now in the grip of the longest recession since records began, according to gloomy official figures. Hopes for an end to the recession were scuppered as the economy shrank by a shock 0.4% between July and September - a record sixth quarter in a row of decline.
A group of rich Germans has launched a petition calling for the government to make wealthy people pay higher taxes. The group says they have more money than they need, and the extra revenue could fund economic and social programmes to aid Germany's economic recovery.
With the bankruptcy of Partners Bank, from Florida, and American United Bank, from Georgia, there are now 101 banks in the United States that have declared insolvency so far in 2009 due to the financial crisis, local media sources informed.
Spain’s unemployment rate stood at 17.93% in the third quarter, or virtually unchanged from the previous three-month period, the National Statistics Institute, or INE, said.
The European Parliament voted to provide €300 million for a fund to help dairy farmers. Earlier in the week EU Farm Commissioner Fischer Boel had proposed a 280 million Euros support. The decision follows weeks of protests by thousands of farmers over the low price of milk, including the spraying of milk onto fields.
Brazilian oil giant Petrobras on Friday launched 2.5 billion US dollars of 2020 bonds and 1.5 billion USD of 2040 bonds, in what might be the largest ever sale of corporate debt by a Brazilian company.
Brazilian Economy minister Guido Mantega said that the financial sector is “crying with a full belly” in direct reference to complaints about inflowing capital tax which was decided this week to prevent a foreign exchange bubble between the local Real and the US dollar.