Brazil’s President Lula: ‘Father of the Poor’ Has Triggered Economic Miracle – SPIEGEL ONLINE – News – International

Posted by Matt in November 24th, 2009 | no comment

Published in Brazil, Brazil, Economic Miracle, Economic News, Economic Success Story, Faces, Hurdles, Infrastructure Projects, Lula Da Silva, News International, Oil Reserves, Online News, People, Revere, Spiegel, Spiegel Online

Brazil is seen as an economic success story and its people revere President Luiz Inácio Lula da Silva like a star. He is on a mission to turn the country into one of the world’s five biggest economies through reforms, giant infrastructure projects and by tapping vast oil reserves. But he faces hurdles.
Brazil’s President Lula: [...]

Oil – Hope and anxiety

Posted by Matt in June 4th, 2009 | no comment

Published in Economy, Oil, Anxiety, Barrel Oil, Brazil, China, Decades, Dollar, Downturn, Economic News, Economists, Emerging Economies, Global Supply, India, Norm, Oil Price, Oil Prices, Seven Months

THE price of a barrel oil went past $68 during the day on Monday June 1st, the highest level in seven months. Although this remains less than half the peak of last July, prices are likely to remain above the norm of the past few decades, lifted with every bit of cheery economic news and [...]

Russia: As the economy deteriorates, even oligarchs are suffering

Posted by Matt in March 21st, 2009 | no comment

Published in Economy, Russia, Dmitry Medvedev, Economic Crisis, Economic News, Economic Reform, Economy, Emerging Economies, Emerging Markets, Fireside Chats, Global Financial Crisis, Hollywood, kremlin, Main Stock, Mass Murder, Muscovites, Oil Prices, Oligarchs, Rich Kids, Russia, Russia Economy, Russia S Economy, Russian Oligarchs, Russians, Scott Fitzgerald, Stock Indices, Torrent, Unemployment, Wage Arrears, Wisteria Lane

RUSSIANS are hardly falling over themselves to watch Dmitry Medvedev’s weekly televised talks. Muscovites, it seems, would prefer a Hollywood movie. For one thing, Mr Medvedev has little positive to say. Oil prices have stabilised above $40 a barrel and Russia’s two main stock indices have rallied a little. But the torrent of grim economic [...]

Global mess gives birth to new era

Posted by Matt in March 13th, 2009 | no comment

Published in Economy, Financial, Al-Qaeda, Asian Development Bank, Consequences, Current, Daily News, Deaths, Economic Crisis, Economic News, Financial Crisis, Giving Birth, Global Financial Crisis, International Monetary Fund, Managing Director, New Era, Protectionism, Rash, Scottish Nationalism, weapons

But, when you step back from the daily rash of economic news, you can see the current economic crisis is giving birth to a new perilous era. An era of protectionism, failed states and new wars. An era that has such diverse consequences as dealing a blow to Scottish nationalism, hampering al-Qaeda buying weapons and [...]

Russia’s Incredible Shrinking Economy

Posted by Matt in December 13th, 2008 | no comment

Published in Economy, Financial, Russia, Bloomberg, Economic Growth, Economic News, Economist, Economists, Economy, Financial Crisis, Gdp, Gdp Growth, Global Financial Crisis, Lars, Market Expectations, Moscow Times, Rasmussen, Reuters, Russia, State Statistics, Statistics Service

On 9 December, Russia’s State Statistics Service revealed the GDP growth figures for the third quarter. And – lo and behold – they are “surprisingly bad”, “below market expectations”, etc. (Read the reports in The Moscow Times, Bloomberg and Reuters).
You might think that by now economists would no longer be surprised by the stream [...]