Economy

• Monday, September 28th 2015 - 10:35 UTC

  Brazil has sufficient reserves, but Rousseff concerned about companies with dollar debts

  

  Brazil President Dilma Rousseff cited the nation's foreign currency reserves as a backstop to excessive volatility and weakness in the Brazilian Real.

• Monday, September 28th 2015 - 10:05 UTC

  “One billion tourists, one billion opportunities”, UN message on World Tourism Day

  

  Marking the observance of World Tourism Day, senior United Nations officials are spotlighting the transformative potential of one billion tourists and their increasing capacity to help boost socio-economic and environmental development.

• Sunday, September 27th 2015 - 09:27 UTC

  Brazil unemployment up for eighth month running; double December's rate

  

  Brazil's unemployment rate rose for an eighth straight month in August to the highest in over five years, although the increase was slightly smaller than markets expected. The non-seasonally adjusted jobless rate rose in August to 7.6%, from 7.5% in July, statistics agency IBGE said.

• Saturday, September 26th 2015 - 09:43 UTC

  US dollar in Argentina at an all time record of 16.08 Pesos

  

  The unofficial or 'blue' US dollar exchange rate in Argentina hit an all-time high of 16.08 Pesos at the end of trading on Friday, due in part to policy uncertainty ahead of the October 25 presidential election, according to local market sources.

• Saturday, September 26th 2015 - 09:04 UTC

  Bill & Melinda Gates foundation sues Petrobras alleging 'pervasive bribery'

  

  Bill & Melinda Gates Foundation have sued Petrobras to recoup stock losses stemming from a corruption scandal at the state-run oil company.

• Saturday, September 26th 2015 - 08:03 UTC

  Petrobras increases LPG price 11% for commercial and industrial clients

  

  Petrobras announced that the price of liquefied petroleum gas (LPG) for commercial and industrial clients has risen 11%, effective midnight Friday. The company said the increase does not affect the price of LPG sold in smaller containers for residential uses such as household cooking, which rose 15% on September first.

• Saturday, September 26th 2015 - 07:43 UTC

  Falklands' oil companies agree to resume drilling at successful Sea Lion prospect

  

  Falkland Oil and Gas PLC on Friday announced it has agreed with Rockhopper Exploration PLC and Premier Oil PLC to drill another well on the Isobel/Elaine complex to replace the planned Jayne East well.

• Friday, September 25th 2015 - 23:14 UTC

  “My most urgent task is to win back trust for the VW Group” said new CEO Mueller

  

  Matthias Mueller has been named as Volkswagen (VW) chief executive in the wake of the scandal of rigged emissions tests in diesel cars. He succeeds Martin Winterkorn, who resigned on Wednesday. Mr. Mueller is a veteran hand of the company and was head of Posche's sports car division.

• Friday, September 25th 2015 - 07:26 UTC

  Argentina remains 'reluctant' and has 'reserves' about a trade accord Mercosur/ Europe

  

  Mercosur foreign ministers meeting held this week in Paraguay to decide on the proposal to present the European Union for a trade agreement, apparently was not as “satisfactory” as announced because of Argentina's reluctance and 'reserves' about opening its market to the EU.

• Friday, September 25th 2015 - 07:17 UTC

  Brazil's Real recovers ground after Central bank promises to use all 'instruments available'

  

  Brazil's depressed currency rebounded Thursday after the head of its central bank vowed to use all instruments in its arsenal to curtail the Real's collapse. Earlier in the day the Real tumbled to an all-time low of 4.248 to the U.S. dollar, but bounced back to 4.023 after central bank President Alexandre Tombini, in an unscheduled press briefing, did not rule out selling part of the country's $371 billion foreign reserves to calm the exchange rate market.