International

• Friday, September 7th 2012 - 02:55 UTC

  OECD warns recession is “taking hold” of Euro zone including largest economies

  

  Europe's debt crisis is pushing the 17-country Euro-zone toward recession and dragging down the global economy, the Organization for Economic Cooperation and Development said in a report.

• Thursday, September 6th 2012 - 03:34 UTC

  Brazil among the 50 most competitive nations according to WEF report

  

  For the first time, Brazil is among the group of the 50 most competitive nations in the world, says the Global Competitiveness Report, released by the World Economic Forum.

• Thursday, September 6th 2012 - 03:30 UTC

  Brazil sold 1.25bn dollar global bonds due in 2013 at lowest borrowing cost ever

  

  Brazil on Wednesday sold 1.25 billion in dollar-denominated global bonds due in 2023, at the cheapest borrowing costs ever from foreign investors. High demand allowed the government to improve financing conditions by lowering the bond's yield spread over comparable US Treasury debt to 110 basis points from an initial 115 basis points.

• Thursday, September 6th 2012 - 03:09 UTC

  American and United accused of negligence in the 9/11 terrorist attack on WTC

  

  US judge ruled that AMR Corp's American Airlines and United Continental Holdings Inc must face trial over claims relating to the Sept. 11 attacks that destroyed the landmark towers of the World Trade Centre in New York almost 11 years ago, court documents showed.

• Thursday, September 6th 2012 - 03:05 UTC

  Santos unveils negotiating team for talks to end 50 year conflict

  

  Colombian President Juan Manuel Santos unveiled on Wednesday a six-man team to negotiate with FARC rebels in the hope of ending almost 50 years of internal war.

• Wednesday, September 5th 2012 - 19:19 UTC

  Falklands’ lawmakers underline significance of the referendum to Latam countries

  

  “Who else but us can decide on our future” said Falkland Islands representatives currently visiting several Latin American countries, who anticipated that next year’s referendum on the Islands political status will send the world a clear forceful message on “our right to self determination”.

• Wednesday, September 5th 2012 - 05:47 UTC

  Soybeans reach record price in Chicago, past the threshold of 650 dollars/ton

  

  Soybean prices again climbed on Tuesday in Chicago reaching a historic record of 650.74 dollars the ton, boosted by investors’ purchases fearing limited supplies because of the worst drought in the US in the last five decades.

• Wednesday, September 5th 2012 - 00:40 UTC

  Moody’s lowers EU outlook to ‘negative’: fears big countries will prioritize their own debts

  

  Moody's has lowered its outlook for the European Union's AAA credit rating to “negative” and warned that the bloc's rating could be downgraded. The move reflected the negative outlook for the ratings of the EU key budget contributors.

• Wednesday, September 5th 2012 - 00:30 UTC

  Unification Church forecasted to survive as an economic rather than religious group

  

  The death of Sun Myung Moon deprives the Unification Church of a charismatic leader, the engine behind the business and religious success, and now faces an uncertain future when the number of followers has been falling since the eighties.

• Wednesday, September 5th 2012 - 00:14 UTC

  EC regrets stances of “protectionism” and “populism” in some Mercosur members

  

  The president of the European Commission Jose Durao Barroso said on Tuesday that the EU 27 members still want to reach a free trade agreement with Mercosur, but warned that the “protectionist stances” from some of its members makes it difficult.