Developing countries like Brazil and India have joined the call for China to revalue the Yuan, its currency. The government in Beijing is already under a lot of pressure from the United States to do it. There is a move in the U.S. Congress to put more pressure on China. Some lawmakers say by keeping its currency [...]
Posts Tagged ‘US’
US launches a new offensive to sell F-18 fighters to Brazil
The US government has launched a new offensive to convince Brazil to purchase its F-18 fighter jets. A few days ago, the giant US aircraft carrier USS Carl Vinson arrived in Rio de Janeiro with some of the US-made planes aboard. Later, US Rear Admiral, Ted Branch, said that the carrier visit was aimed at [...]
Brazil’s Best Income Stock Yields 7%
Bovespa in São Paulo By Anthony Haddad – StreeAuthority Brazil has been one of the best places for U.S. investors for a long time. During the past five years, the Bovespa Index, Sao Paulo’s premier index, has gained +167.0%, or +21.7% compounded annually. The S&P 500 has gained +9.8% in the same five-year period. Just [...]
ArcelorMittal says job cuts coming in 2010
By Associated Press WEIRTON, W.Va. — Steel giant ArcelorMittal SA said Tuesday it will cut an unspecified number of jobs next year and stick with plans to use 70 percent of its capacity in the current quarter. The company plans to cut jobs through attrition and “optimization of production,” spokesman Bill Steers said in an [...]
Helping Brazil to help itself
The IMF should end its Washington consensus policies and encourage Brazil to strengthen, not eliminate, capital controls Kevin Gallagher – guardian.co.uk Traders at Sao Paulo’s futures exchange. Photograph: Mauricio Lima/AFP/Getty Images In an effort to stem the appreciation of its currency, the real, Brazil has twice resorted to capital controls. In response to these measures, [...]
Latin America’s honeymoon with Obama may be over
Presidente Obama meets Venezuela´s president Hugo Chavez BY ANDRES PENHEIMER Aoppenheimer@MiamiHerald.com Only a few months ago, Latin American leaders hailed the Obama administration as a new beginning in hemispheric relations. But now, the honeymoon is over. Brazil, the biggest country in the region, perhaps emboldened by its steady economic growth, oil discoveries and a recent [...]
Brazil, U.S., OAS flunked Honduras test
Honduras former president Manuel Zelaya with members of Carter Center in the Brazil´s embassy, in Tegucigalpa BY ANDRES OPPENHEIMER aoppenheimer@MiamiHerald.com Brazil, the United States and the Organization of American States deserve a gold medal each for their awful handling of Sunday’s presidential elections in Honduras. Let’s examine how the main international players behaved in the crisis [...]
Negotiators at Climate Talks Face Deep Set of Fault Lines
Countdown to Copenhagen, Parque do Ibirapuera, São Paulo, Brazil By TOM ZELLER Jr. – The New York Times With the scientific consensus more or less settled that human activity — the burning of fossil fuels, torching of forests, and so forth — is contributing to a warmer and less hospitable planet, one might reasonably ask, [...]
Ahmadinejad in Brazil: Why Lula Defies the U.S.
By Andrew Downie, from Time.com Iran’s President Mahmoud Ahmadinejad, right, and Brazil’s President Luiz Inácio Lula da Silva wave to journalists at the Itamaraty palace in Brasilia Eraldo Peres / AP A swing through Latin America this week by President Mahmoud Ahmadinejad has prompted the Obama Administration and U.S. congressional leaders to signal their [...]