Honduras gives Brazil 10 days to resolve standoff at embassy, where Zelaya seeking refugeSeptember 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.
Transcript: Boy in custody battle tells psychologist he wants to stay in Brazil, not go to NJJune 18th, 2009 Report: Boy in custody battle wants Brazil, not NJBRASILIA, Brazil — A transcript says a 9-year-old boy at the center of an international custody battle has told his psychologist he wants to stay with his stepfamily in Brazil rather than return to New Jersey with his biological father. Lawyers for the Brazilian family seeking custody of Sean Goldman on Wednesday released the transcript of a psychologist's interview with him.
Judge says boy should stay with his American dad, but in Brazil, until custody case sorted outJune 18th, 2009 Judge: Boy should stay with dad, but in BrazilMOUNT LAUREL, N.J. — Lawyers in the U.S.
China's foreign financial assets rise to $2.92 trillionMay 20th, 2009 BEIJING - China's foreign financial assets increased by 23 percent from a year earlier to $2.92 trillion by the end of last year, officials said Wednesday. The country's net foreign financial assets rose 31 percent year on year to $1.52 trillion last year, the State Administration of Foreign Exchange (SAFE) said.
Brazil stocks edge higher after being battered in previous sessionMay 14th, 2009 Brazil stocks up after falling in previous sessionSAO PAULO — Brazil stocks are edging higher after shares of the nation's big companies were battered during the previous session. Sao Paulo's Ibovespa index was up 0.3 percent to 48,812 during the first 30 minutes of trading.
India's investment promotion 'very weak', says World BankMay 11th, 2009 WASHINGTON - A new World Bank group report suggests the website and inquiry handling by the Indian government's investment-promotion agency is 'very weak'. The Global Investment Promotion Benchmarking 2009 report gives the rating to the Department of Industrial Policy and Promotion under India's commerce ministry in an appendix of its consolidated results, but provides no details.
Famed Iguazu falls straddling Brazil and Argentina hit hard by drought, flow a trickleMay 9th, 2009 Famed S. American Iguazu falls hit hard by droughtSAO PAULO — The famed Iguazu falls that straddle the border of Brazil and Argentina have been hit hard by a drought and are dumping less than a third of their usual volume into a river below. The amount of water flowing at one of South America's biggest tourist destinations is now 480,000 liters (127,000 gallons) per second.
Official: Negotiate end to Brazil custody battle over 8-year-old boyApril 23rd, 2009 Official: Negotiate end to Brazil custody battleBRASILIA, Brazil — A Brazilian official says there should be a negotiated end to a custody battle between a U.S. father and a Brazilian stepfather over a boy.
Foreign direct investment in China declines 20.6 percentApril 15th, 2009 BEIJING - Foreign direct investment (FDI) in China posted a 20.6 percent year-on-year decline in the first quarter to $21.78 billion, the ministry of commerce announced Wednesday. In March, FDI was $8.4 billion, down 9.5 percent from a year earlier, ministry spokesman Yao Jian said at a news conference.
India way behind China, Brazil in trade with CanadaApril 4th, 2009 TORONTO - China and Brazil have left India way behind in promoting trade ties with Canada as the world's ninth largest economy tries to reduce its economic dependence on the US. Though Canada and the US are the two biggest trading partners in the world with their annual bilateral trade of nearly $700 billion, Canada has started diversifying into other markets as figures released Friday by Statistics Canada revealed.
India shelves Brazil ethanol plans due to slowdownFebruary 25th, 2009 NEW DELHI - India's state-run oil marketing companies (OMCs) have put on hold their plans to invest in ethanol projects in Brazil due to the current economic slowdown, Petroleum Minister Murli Deora said here Tuesday. The oil marketing companies - Indian Oil Corp, Bharat Petroleum Corp and Hindustan Petroleum Corp - had explored the possibilities of acquiring sugarcane farms and setting up ethanol manufacturing units in Brazil, Deora said while answering a question in the Rajya Sabha.
Foreign investment in China plunges in JanuaryFebruary 15th, 2009 BEIJING - China's actual use of foreign investment plunged 32.67 percent year on year to $7.54 billion in January, an official said Monday. Foreign investment use has seen consecutive falls in China since October, when a 2.02 percent annual drop was recorded, Yao Jian, spokesman for the Ministry of Commerce (MOC), said at a press conference.
Foreign investment norms for retail to stay: Kamal NathFebruary 11th, 2009 NEW DELHI - The government has rationalised the foreign investment norms as there is a tightening in the global markets, but the cap on such investments in single-brand retail would continue, Commerce Minister Kamal Nath said here Thursday. 'The government has rationalised calculation of FDI (foreign direct investment).
New foreign investment norms to increase inflow: Kamal NathFebruary 11th, 2009 NEW DELHI - The government has rationalised the foreign investment norms as there is a tightening in the global markets, Commerce Minister Kamal Nath said here Thursday. 'Government has rationalised calculation of FDI (foreign direct investment).
India relaxes ownership norms on foreign direct investmentFebruary 10th, 2009 NEW DELHI - India's cabinet Wednesday relaxed norms governing what constitutes foreign equity in companies that operate in sectors that have a cap on overseas investment in a bid to rationalise procedures. Announcing the cabinet decision, based on the advice of an empowered group of ministers, Home Minister P.