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by economy on 17/11/09 at 4:28 am

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Nov 17th, 2009

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Global Economy

Petrobras prepares to raise up to R$55bn

Petrobras, Brazil’s national oil company, is preparing to raise as much as R$55bn from minority shareholders in what would be the world’s biggest share sale
2010 09 03
Investors buoyed by better US jobs data

Traders are piling into risky bets after a better than expected US labour market report reinforced hopes that the US economy can avoid sliding back into recession.
2010 09 03
Renminbi dispute looks set to haunt Sino-US economic talks

President Barack Obama’s top economic adviser will arrive for talks in Beijing this weekend, just as the simmering argument about the Chinese currency and global imbalances threatens to heat up again.
2010 09 03
Brazilian growth outstrips forecast

Brazil’s economy grew at an annualised rate of 8.9 per cent in the first half of 2010, defying expectations of a more significant slowdown in the second quarter and signalling that the country may beat its previous forecast of 7 per cent growth for the year
2010 09 03
EU finance regulation shake-up welcomed

European Union governments gave their approval to an overhaul of the way banks and markets in the region are supervised. However, they warned that new pan-European Union watchdogs would need to exercise their powers cautiously
2010 09 03
Buffett and Gates on Chinese mission

Having persuaded many of their billionaire peers in the US into giving away chunks of money, Bill Gates and Warren Buffett are travelling to China to host newly minted Chinese tycoons to sell them on the value of philanthropy
2010 09 03
Tycoon moves closer to Karstadt takeover

German department store chain Karstadt is set to emerge from insolvency after investor Nicolas Berggruen struck a deal with the retailer’s biggest landlord and a court approved the restructuring plan
2010 09 03
Harvest fears push up global grain prices

The cost of barley, an important feed for the livestock industry, and of rice also moved higher on the week
2010 09 03
Reykjavik split on plans for Russian jets

Plans to base a fleet of Russian-made fighter jets at a former US airbase in Iceland ignited a political storm in Reykjavik. Iceland’s government signalled support for the project, only to reverse the decision hours later
2010 09 03
US jobs data allay double dip concerns

Fears of a double-dip recession in the US were allayed on Friday by data showing that the private sector had created 235,000 jobs in the past three months
2010 09 03

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