Economy

Monday, May 16th 2016 - 06:15 UTC
Temer government considering selling stakes of state controlled assets

Brazil's government is considering selling stakes in state-controlled assets including its postal company as well as holdings in transport, power and insurance firms in a bid to raise capital and streamline the public sector, a newspaper reported on Sunday.
Saturday, May 14th 2016 - 09:09 UTC
Temer's team confident it has the political support to implement tough measures

Brazil's interim government said on Friday it has the political support for tough measures needed to return the economy to growth and can secure a permanent mandate once populist President Dilma Rousseff's impeachment trial is over. Presidential Chief of Staff Eliseu Padilha said the incoming government understood it was only provisional for now and had ordered portraits of Rousseff to be left hanging in federal buildings.
Saturday, May 14th 2016 - 08:55 UTC
US$ 2 trillion lost to bribery and corruption every year, (2% of global GDP), claims IMF

Bribery and corruption cost the world economy as much as US$2 trillion every year, money that instead could be used to fight poverty, create jobs, and protect the environment. A new report by the International Monetary Fund says the money lost to corruption every year is 2% of the global GDP.
Saturday, May 14th 2016 - 08:34 UTC
Sixth consecutive Chile Day in London; Bachelet/Cameron discuss closer political and cooperation links

The UK was proud to host the sixth consecutive Chile Day in London, as a major international showcase for Chile’s financial market. The event is attended by business leaders from both Chile and the UK, and this year President Bachelet made a very special appearance during her two-day visit including meeting PM David Cameron at 10 Downing Street.
Friday, May 13th 2016 - 11:43 UTC
Bank of England warns about Brexit dangers, and triggers major controversy

The Bank of England has given its starkest warning yet that a UK vote to leave the EU could hit the economy. Mark Carney, the Bank's governor, warned that the risks of leaving “could possibly include a technical recession”.
Friday, May 13th 2016 - 08:49 UTC
Anti corruption summit turns the spotlight on rich countries banks and real estate brokers

Thursday’s world summit on fighting corruption was a time for Britain and the United States to look at their own policies and their role as shelters for billions of dollars stolen by corrupt politicians in developing countries.
Friday, May 13th 2016 - 07:39 UTC
Argentina and UK agree on the need to identify areas of cooperation in the South Atlantic

Argentina and UK agreed to disagree on the Falklands/Malvinas question, but coincided that the issue should not be an obstacle for the development of a wider positive agenda. Furthermore the two countries agreed on the need to identify possible areas of cooperation in the South Atlantic, such as exploitation of natural resources, and connectivity between the continent and the Islands.
Friday, May 13th 2016 - 06:58 UTC
Temer cabinet: inflation hawk in Finance and an anti-populist in foreign affairs

Brazilian acting President Michel Temer on Thursday chose leading figures from nine centrist and conservative parties for his Cabinet, which for the first time in decades has no female ministers.
Friday, May 13th 2016 - 06:46 UTC
Temer calls on Brazil to rally behind the “national salvation” government

Brazil's acting President Michel Temer called on his country to rally behind his government of “national salvation” hours after the Senate voted to suspend and put on trial his populist predecessor, Dilma Rousseff, for breaking budget laws.
Friday, May 13th 2016 - 06:27 UTC
Uruguay says beef and ethanol are included in Mercosur/EU proposals, but with no volumes or time span

Uruguay's foreign minister Rodolfo Nin Novoa said on Thursday that all agriculture products are included in negotiations for a wide ranging trade and cooperation agreement between Mercosur and the European Union. The chief negotiator for Mercosur underlined that contrary to what was announced by some media, beef and ethanol are included in the proposals exchanged on Wednesday in Brussels between the two blocks.