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EspBrazilian President Dilma Rousseff, acknowledged today that there is an "economic problem" in the country, although she hopes that the recovery will come later this year thanks to fiscal adjustments, made by the government.
"Without a shadow of doubt, there is an economic problem in the country. We had a very difficult economic situation," said Rousseff during a meeting with bloggers and journalists from several Brazilian news portals.
Economy
The China Development Bank (CDB), one of the two banks of Chinese development, and Brazil's Petrobras today announced an agreement to open a credit line of 3,5 billion dollars for the oil company.
In a brief statement, without specifying the details of the agreement, Petrobras reported that "the parties confirmed the intention to develop a new partnership in the future."
Faced with the collapse of the Ukrainian economy, the West only offers promises, says US expert.
"We have lost a quarter of the national economy," said Yatseniuk at a meeting with governors.
He further stated that hundreds of companies had to close, although Ukraine has collected more in taxes this year than in 2014 and there were no delays in social payments.
If we take into account the February inflation rate of 1.22%, Brazil has accumulated over the last twelve months 7.7%, exceeding the fiscal target set by the government of Rousseff and has reached the worst figures in the last ten years.
Gasoline rose 8.42% last month, ethanol 7.19% and diesel 5.32%, these increases have helped to push overall inflation. Public transport and education have also risen last month. In the regular courses, the monthly rise has accounted to an average of 7%.
The month of January was a taste of what awaits us this year in terms of revenue. The 47 percent drop in oil exports, which amounts to a loss of 812 million dollars, could not be compensated by the 15.3 percent increase of automobile exports in the first month of 2015.
MOSCOW -- Russia, holder of the world's fifth largest stash of foreign currencies, is increasing its gold purchases. One reason for this is the country's increasing wariness of the dollar and euro now that Russia has come under U.S. and European sanctions over the Ukraine crisis. Another reason is that these currencies are becoming increasingly risky to hold due to the swelling debts of the governments that back them.
Counsellor of the Russian Embassy in Mexico for Economic Affairs Nikolai Shkolyar: 'Development of the export support strategy is necessary for effective promotion of Russian products abroad'
Active expansion of Russian ties with Latin America has generated a need for an annual international forum, which will make it possible to share experience and technologies, and strengthen investment cooperation. The first experience was the conference "Russia - Latin America. Ways of Development and Strengthening of Trade and Economic Relations" in Moscow organized by the International Investment Cooperation Fund.
It is no secret that today Switzerland is one of the most stable trading partners of Russia. And for the Swiss side, Russia is part of the seven priorities in the cooperation in the scientific field, where a new phase of development is expected after the signing of the bilateral treaty on cooperation in science and technology.
WASHINGTON, UNITED STATES (26/JUN/2013.) - The U.S. economic performance during the first three months of the year was weaker than initially reported to register a growth of just 1.8 percent, reported the Commerce Department.
The figure represented a substantial retreat from the 2.5 growth in the Gross Domestic Product (GDP) which was first reported by the Commerce Department last April.
However, the figure was placed above the paltry 0.4 percent that was reported during the fourth quarter of 2012.
