Economy

Wednesday, July 4th 2007 - 21:00 UTC
Brazil to become a “strategic” partner of the European Union

The first ever summit between the European Union and Brazil is taking place in Portugal marking the start of what both sides hope will become a new “strategic” partnership on issues such as energy, climate change and human rights.
Tuesday, July 3rd 2007 - 21:00 UTC
Less tourists visited Brazil in 2006 but they spent more

Foreign visitors to Brazil last year left an estimated 4.3 billion US dollars, up 11.77% over 2005, in spite the number actually dropped and the recurrent air traffic problems in Brazilian skies.
Monday, July 2nd 2007 - 21:00 UTC
World Bank names new Latam country directors

Pamela Cox, World Bank Vice President for Latin America and the Caribbean, announced the appointment of three new country directors for the region to head the units of Mexico and Colombia; the Andes: Bolivia, Ecuador, Peru and Venezuela; and the Southern Cone: Argentina, Chile, Paraguay and Uruguay, effective July 1st, 2007.
Monday, July 2nd 2007 - 21:00 UTC
US/South Korea ambitious trade deal faces Congress hurdle

United States and South Korea signed a controversial free trade agreement, which still has to be ratified by Congress where some Democrats have expressed concern for job losses in the US car industry.
Friday, June 29th 2007 - 21:00 UTC
IMF and World Bank cooperating “unconditionally” with Bolivia

The International Monetary Fund and the World Bank are cooperating “unconditionally” with Bolivia's government after months of frosty relations, said President Evo Morales during his visit to Zurich, Switzerland.
Friday, June 29th 2007 - 21:00 UTC
Brazil's unveils ten year 133 billion US dollars oil & gas plan

Energy corporations will invest 133 billion US dollars in the next ten years looking for oil and gas in Brazil according to a release from the country's Ministry of Mines and Energy.
Friday, June 29th 2007 - 21:00 UTC
US core inflation drops to 1.9%, lowest in three years

United States core inflation fell below 2% for the first time in three years after a modest increase in prices last month, according to new government figures.
Friday, June 29th 2007 - 21:00 UTC
White House calls for extension of special trade powers

The White House has urged Congress to renew President George W Bush's ability to agree trade deals without Congress interference. Its comments come ahead of a 30 June deadline that ends Congress' current inability to seek to amend any global trade deals that the President agrees.
Friday, June 29th 2007 - 21:00 UTC
Beijing tightens and Shanghai composite drops 7% in June

China's main stock exchange index dropped 2% Friday, making June the worst month since May 2005. Fears that the government might announce measure to soak liquidity are behind the collapse.
Friday, June 29th 2007 - 21:00 UTC
Growing controversy in US over corn ethanol vs food prices

The main ethanol lobby in United States, Renewable Fuels Association, RFA, said that the growing demand for renewable fuel based on corn is not responsible for the recent increase in milk and dairy products worldwide.