Economy

Tuesday, December 1st 2009 - 07:35 UTC
Mercosur, India and African nations begin trade and investment talks

Brazil launched this week in Geneva a round of negotiations to further liberate trade between Mercosur, India and the Union of Nations from Austral Africa with the purpose of ratifying south-south cooperation, while global negotiations in the framework of the Doha Round remain stalled.
Monday, November 30th 2009 - 12:43 UTC
United Arab Emirates promises extra liquidity to Dubai’s banks

The central bank of the United Arab Emirates (UAE) has said it will provide banks with extra liquidity. The news comes days after the state-owned Dubai World said it would ask for an extension on repaying its debts, sending world stock markets tumbling.
Monday, November 30th 2009 - 12:32 UTC
China admits “controllable and gradual measures” rises in Yuan’s value

Chinese Premier Wen Jiabao said Monday a stable Yuan is good for both China and Europe and reiterated Beijing's policy of allowing only gradual and manageable rises in the currency's value.
Saturday, November 28th 2009 - 07:11 UTC
More doubts about the US economy and fears of a “W” dip

A number of influential economists and analysts warn of a double dip recession, even as the US economy slogs toward recovery. Well-known analyst Meredith Whitney, Chief Executive Officer of the Meredith Whitney advisory group, recently expressed pessimism about the economy in an interview on CNBC, a cable TV station.
Saturday, November 28th 2009 - 06:02 UTC
Brazilian banker says that Dubai effect is “alert signal” for market euphoria

A possible debt default by a Dubai state-owned conglomerate is an “alert signal” to avoid market euphoria, Brazil central bank chief Henrique Meirelles said on Friday.
Saturday, November 28th 2009 - 05:54 UTC
Brazilian economy forecasted to grow 6.1% in 2010 says Bradesco

Brazil’s economy is forecasted to grow 6.1% in 2010, bolstered by rising domestic demand, increasing exports and higher investment, according to Banco Bradesco, the country’s second-largest bank by market value.
Saturday, November 28th 2009 - 05:03 UTC
China promises to continue playing a leading role in global recovery

China will continue the proactive fiscal policy and moderately easy monetary policy next year, the Political Bureau of the Communist Party of China (CPC) Central Committee agreed Friday, reports the official news agency Xinhua.
Friday, November 27th 2009 - 08:40 UTC
Volkswagen plans to invest 3.5 billion USD in next five years

Volkswagen do Brasil said Thursday it will invest the equivalent of 3.5 billion US dollars in Brazil between 2010 and 2014 in an attempt to overtake Fiat as the country's number one car and truck retailer.
Friday, November 27th 2009 - 08:38 UTC
IMF identifies four crucial challenges ahead for policymakers

International Monetary Fund Managing Director Dominique Strauss-Kahn said the global economy has made remarkable progress and now stands at the cusp of recovery, but it still remains highly vulnerable to shocks and policy missteps
Friday, November 27th 2009 - 08:36 UTC
Dubai’s financial health sends shock waves to world markets

European, Asian and Latinamerican shares have been hit by concerns over Dubai's financial health, after a government-owned company asked for an extension on repaying its debts.