Lawrence “Larry” Summers, the former Treasury Secretary who served Presidents Clinton and Obama, called President Barack Obama on Sunday to say he is pulling out of the race to succeed Ben Bernanke as chairman of the Federal Reserve.
China's economy is going through a “crucial” stage of restructuring, says the country's Premier, Li Keqiang. Speaking at the World Economic Forum in the Chinese port city of Dalian, Mr Li pledged to improve relations with foreign firms.
Twitter has decided to go public. The company aptly announced on its short messaging service Friday afternoon that it has filed documents for an initial public offering of stock. San Francisco based Twitter Inc. posted on its official Twitter account that it has “confidentially submitted an S-1 to the SEC for a planned IPO.”
CHS Inc., a United States farmer-owned cooperative and a global agribusiness, announced it has opened an office at Montevideo, Uruguay, making it the fourth South American nation in which CHS has operations.
President Dilma Rousseff is pushing new legislation that would seek to force Google, Facebook and other internet companies to store locally gathered data inside Brazil. The requirement would be difficult to execute, technology experts say, given high costs and the global nature of the Internet.
According to a report in the German news weekly Der Spiegel, the United States National Security Agency, NSA is able to crack protective measures on iPhones, BlackBerry and Android devices, giving it access to users’ data on all major smart-phones.
Reports that the United States spied on Brazilian oil company Petrobras, if proven, would be tantamount to industrial espionage and have no security justification, Brazil's President Dilma Rousseff said on Monday.
BRICS nations (Brazil, Russia, India, China and South Africa) have agreed to a 100 billion dollars currency reserve pool as a “financial firewall” in anticipation of liquidity strains and ‘currency shocks’ as the United States Federal Reserve moves to reduce monetary stimulus.
Brazilian President Dilma Rousseff, angered by a recent report that the US government spied on her communications, said on Friday that President Barack Obama had taken responsibility for what happened and that she may proceed with a planned visit to Washington next month.
Angered by recent revelations that the United States spied on its emails and phone calls and even its president, Brazil's government is speeding up efforts to improve the security of its communications - and hopefully keep more of its secrets under wraps.