Sao Paulo/Buenos Aires - Trading at the Sao Paulo stock exchange was again suspended Wednesday, for the sixth time in three weeks, after the fall in its leading index Bovespa went beyond the 10 per cent mark that activates the circuit breaker.
The half-an-hour suspension was launched at 5:17 pm (1917 GMT), less than 45 minutes before the scheduled closing time. The Bovespa was losing 10.03 per cent at the time.
Brazilian markets were again influenced by the market drops in the United States, Europe and Asia.
Buenos Aires - Argentine President Cristina Fernandez de Kirchner on Tuesday signed a bill to unify the country's pension system into a public regime, following 14 years in which workers could opt for either a private or a public pension scheme.
The bill that will nationalize private pension funds needs to be approved by Congress. It would allow the government to collect the compulsory pension contributions of close to 3.6 million workers - worth some 4.6 billion dollars per year - who are currently in the private system.
Washington - The International Monetary Fund (IMF) is investigating possible abuse of power by its head, Dominique Strauss- Kahn, in connection with a sex liaison with an underling of Hungarian origins, the Wall Street Journal reported Saturday.
The 59-year-old French economist and socialist, married to French television journalist Anne Sinclair, was named last year as IMF director.
Buenos Aires - Argentina's agricultural producers on Friday began a six-day strike seeking changes in government policy towards the sector.
Farmers held assemblies by the side of roads in several areas around the country, as they stopped delivering cereal crops for export and cattle for domestic and foreign consumption.
Farmers' federations called for the latest strike based on the difficult situation following a severe drought, the fall in the price of their produce in international markets and what they see as the lack of a suitable policy for the sector on the part of the centre- left government.
Buenos Aires - Argentina's government and farmer leaders exchanged harsh words Wednesday, following the rural organizations' call to another strike from Friday amidst one of the country's worst droughts in 100 years.
The four farmers' unions said late Tuesday that they would stop delivering cereal crops for export and cattle for domestic and foreign consumption for six days starting Friday.
Farming is one of the engines of the Argentine economy, and its leaders managed to block earlier this year a government bill to increase tariffs on the export of soybean and sunflower seeds through a series of strikes.
Buenos Aires - Argentina's National Congress approved the renationalization of the financially troubled airline Aerolineas Argentinas, which had been privatized 18 years ago, and its regional subsidiary Austral.
The Senate approved the measure Wednesday by a 46-21 vote after the Chamber of Deputies had also passed it.
Debt-laden Aerolineas has been in crisis for years, and state aid was seen necessary for it to avoid collapse. Delays are a daily occurrence, and many travellers try to avoid taking its flights.
Sao Paulo/Buenos Aires - Trading at the Sao Paulo stock exchange was again suspended Wednesday, for the sixth time in three weeks, after the fall in its leading index Bovespa went beyond the 10 per cent mark that activates the circuit breaker.
Buenos Aires - Argentine President Cristina Fernandez de Kirchner on Tuesday signed a bill to unify the country's pension system into a public regime, following 14 years in which workers could opt for either a private or a public pension scheme.
Washington - The International Monetary Fund (IMF) is investigating possible abuse of power by its head, Dominique Strauss- Kahn, in connection with a sex liaison with an underling of Hungarian origins, the Wall Street Journal reported Saturday.
