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Business news from around the globe

Michelle Bachelet: Cooperation of MERCOSUR – Pacific Alliance is priority

Michelle Bachelet: Cooperation of MERCOSUR – Pacific Alliance is priority

By Peter Tase On December 21st, 2015, the Republic of Paraguay hosted the 49th Summit of the Southern Common Market…
Argentina’s foreign exchange market slowly adapting to new rules with no major surprises

Argentina’s foreign exchange market slowly adapting to new rules with no major surprises

The US dollar in Argentina’s foreign exchange market plunged on Friday 35 cents to 13.60 Pesos on the second day…
Bank of China faces daily fine in the US unless it complies with court order

Bank of China faces daily fine in the US unless it complies with court order

The Bank of China will face a daily fine in the US unless it complies with a court request to…
Brazilian economy contracts a record 4.5% in the last twelve months

Brazilian economy contracts a record 4.5% in the last twelve months

Brazil’s economy, in recession since mid-year, contracted 1.7% in the third quarter, compared to the April-June period, and decreased 4.5%…
Egypt: The catalyst for a new Eastern Mediterranean gas hub?

Egypt: The catalyst for a new Eastern Mediterranean gas hub?

By Simone Tagliapietra and Georg Zachmann The recent discovery of the large Zohr gas field in offshore Egypt – the…
Role of greenfield airports in greening the India economy

Role of greenfield airports in greening the India economy

By Dr. Narendra Nath Dalei and Prof D. P. Singh 1. Introduction Green field airports play a significant role in accelerating the…
Brazil considering plan to bolster Petrobras capital with ‘hybrid securities’

Brazil considering plan to bolster Petrobras capital with ‘hybrid securities’

Brazil’s government is considering a debt plan to bolster the capital of heavily indebted state-controlled oil Petrobras, Agencia Estado news…
China Focus: Cooling inflation prompts calls for easing policies

China Focus: Cooling inflation prompts calls for easing policies

China’s consumer inflation came in weaker than expected in October while prices at factory gates fell for a 44th straight…
France’s Total to start drilling off Bulgaria coast in February-May 2016

France’s Total to start drilling off Bulgaria coast in February-May 2016

French company Total said on Wednesday that it will start drilling for oil and gas off Bulgaria’s Black Sea coast between February and May next year. The first exploration site,…
The systemic roots of Russia’s recession

The systemic roots of Russia’s recession

By Marek Dobrowski To understand the deep causes behind Russia’s recession, we must look at the history of the Russian…
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