Brazil wants G5 to settle trade accounts with own currency

October 15th, 2009 Administration declines to cite China on currencyWASHINGTON — The Obama administration on Thursday declined to name China as a country that is manipulating its currency to gain unfair trade advantages. The Treasury Department did say it has "serious concerns" about a lack of flexibility in the value of China's currency against other currencies, and the country's rapid accumulation of foreign exchange reserves including U.S.

October 15th, 2009 TORONTO - The Canadian dollar has almost reached parity with the US greenback, with the loonie, as the Canadian currency is known, touching 98 cents US Wednesday. This is the highest level the Canadian currency has gained against the sinking greenback in 14 months.

October 6th, 2009 TORONTO - The Canadian dollar hit the highest level in 2009 against the US greenback Tuesday. The loonie - as the Canadian dollar is known - reached 94.66 US cents during the day.

October 6th, 2009 LONDON - Gulf countries have begun secret talks with China, France, Japan and Russia to replace dollar dealings for oil with a basket of currencies, a newspaper reported Tuesday. The basket includes the Japanese yen and Chinese yuan, the euro, gold and a new, unified currency planned for members of the Gulf Cooperation Council (GCC), The Independent reported.

September 30th, 2009 Honduras sets 10-day deadline on embassy standoffTEGUCIGALPA, Honduras — Honduras is giving Brazil 10 days to decide what to do with ousted President Manuel Zelaya, who has been inside the Brazilian Embassy since sneaking back into the country last week. The government in charge since a June 28 coup that deposed Zelaya says it will take unspecified "additional measures" if Brazil does not define his status.

September 25th, 2009 GENEVA - The World Trade Organisation Friday set up a panel to judge a dispute brought by Brazil against the US over orange juice imports. Brazil's complaint is similar to others brought against the US by various countries on different products, and pertains to Washington's method of calculating anti-dumping margins.

September 14th, 2009 Brazil and Guyana inaugurate border bridgeGEORGETOWN, Guyana — The leader of Brazil and Guyana met Monday to inaugurate a border bridge that is expected to boost trade between the giant South American country and the Caribbean. The $5 million Takutu River Bridge, paid for by Brazil, opens a trade route between landlocked areas of the country's interior and Guyana, a nation on South America's northeastern shoulder that is more aligned with the Caribbean.

August 19th, 2009 E-Trade's monthly volume falls 4 percent in JulyNEW YORK — Retail brokerage firm E-Trade Financial Corp. said Wednesday daily trading volume fell 4 percent in July, while total customer assets fell by 15 percent.

August 16th, 2009 Mexico's president favor trade deal with BrazilSAO PAULO — Mexican President Felipe Calderon says he supports the idea of a free trade agreement between Brazil and Mexico, the two biggest economies in Latin America. Calderon says he's enthusiastic about the idea of a deal proposed by Brazilian business executives to push for a commercial accord for the two nations.

August 15th, 2009 RIO DE JANEIRO - Brazil's steel production increased by 28.5 percent last month compared with June, the Iron and Steel Institute said. Brazil is the biggest producer and exporter of steel in Latin America and the world's 15th-largest steel exporter.

July 9th, 2009 Obama, other G-8 leaders expand Italian summitL'AQUILA, Italy — President Barack Obama is in Italy, midway through the three-day G-8 economic summit that is heavily focused on climate change and world trade. His round of meetings today begins with one-on-one talks with the president of Brazil.

July 3rd, 2009 Brazil stocks down again after US job lossesSAO PAULO — Brazilian stocks are down for the second day in a row after weak U.S. jobs data raised doubts about recovery for the world's biggest economy.

June 16th, 2009 Russia may put some reserves in BRIC bondsYEKATERINBURG, Russia — The Kremlin's top economic adviser says Russia may put part of its currency reserves in bonds issued by Brazil, China and India. Arkady Dvorkovich says Russia could make the move if the other three nations reciprocate.

June 16th, 2009 Russia, China, others urge diverse monetary systemYEKATERINBURG, Russia — Brazil, Russia, India and China on Tuesday called for a more diversified international monetary system, but wrapped up their first full-fledged summit by avoiding any explicit criticism of the world's dominant currency, the U.S. dollar. The statement issued by the leaders from the so-called BRIC nations contained no reference to developing new reserve currencies to complement the dollar, which Russia had called for at a separate event earlier in the day.

June 10th, 2009 Russia to sell US Treasuries, eyes IMF bondsMOSCOW — Russia's Central Bank says it plans to cut reserves it holds in U.S. Treasuries and invest in International Monetary Fund bonds instead, a senior official said Wednesday.