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Brazil's jobless rate edges higher in November RIO DE JANEIRO: Brazil's jobless rate edged higher in November and surpassed forecasts, a sign the labor market is weakening as Latin America's largest economy stagnates.Brazil's non-seasonally adjusted jobless rate rose to 4.8 percent in November from 4.7 percent in October, statistics agency IBGE said on Friday. The number was above the median forecast of 4.4 percent in a Reuters poll of 20 economists. "This understates the weakening of the job market over the past year, since the labor force participation rate also fell," Bill Adams, senior international economist for PNC Financial Services Group, said in a note to clients. Although the unemployment rate remained near all-time lows, Brazil's stubbornly high inflation rate and rising interest rates have been cooling the country's job market.Brazil created only 8,381 jobs in November, the worst performance ever for that month as the manufacturing, civil construction and agriculture sectors laid off workers, according to ...

Colombia's FARC rebels declare unilateral ceasefire HAVANA: Colombia's FARC guerrillas declared an indefinite, unilateral ceasefire on Wednesday in the 50-year conflict, saying they would only use weapons if they came under attack by the army.The announcement -- the third year running the leftist rebels have declared a ceasefire over the holiday season -- comes soon after peace talks with the Colombian government resumed, following a crisis triggered by the capture of an army general on November 16.Wednesday's move was noteworthy for ...
Argentina says Nov inflation eases to 1.1pc m/m BUENOS AIRES: Argentine inflation eased in November to 1.1 percent on the month, bucking expectations for the rate to hold steady, official data showed on Monday. The median forecast in a Reuters poll of economists had been for consumer prices to rise 1.2 percent, like in October. Latin America's third-largest economy has one of the world's fastest inflation rates, which some analysts say is already running close to 40 percent on a yearly basis. Many ...
Brazilian man admits killing 41 people `just for fun' ISLAMABAD: A Brazilian man accused of stabbing a woman to death in a Rio suburb has confessed to have murdered 41 people, almost all of them women, "for the fun of it," police said."He wanted to kill women - white women, not black ones. He followed the victims, studying them closely before committing the crimes," said police commissioner Pedro Henrique Medina from the northern suburb of Nova Iguacu.The man was identified as Sailson Jose das ...
US Congress approves fresh sanctions on Venezuela WASHINGTON: The US Congress gave its final approval Wednesday to new sanctions against Venezuelan officials accused of violating the human rights of anti-government protestors this year.Thousands of activists were arrested and more than 43 people were killed during mass demonstrations against the government of President Nicolas Maduro, the elected successor of late strongman Hugo Chavez, which raged from February to May.The US hit Venezuela government officials with travel bans in July, but lawmakers said they ...
Brazil's Congress loosens 2014 fiscal goal in bruising vote BRASILIA: President Dilma Rousseff won a hard-fought victory in Brazil's Congress early on Thursday with the passage of legislation that frees her administration from complying with its fiscal savings goal for this year.The amendment to the budget law, approved in a heated 17-hour joint session of Congress, allows her government to deduct infrastructure investments and tax breaks to lower the primary surplus goal to one tenth of its original level.Since narrowly winning re-election in October, ...
Venezuela's president says oil prices could fall further CARACAS: Venezuela's President Nicolas Maduro said on Wednesday that prices could fall further for oil, the cash-strapped country's chief source of revenue."Today it is at $61 ... It had gone up $2 and then it came back down to $61, and it could fall a little more," he said, referring to the country's petroleum export basket, which trades at a discount to other benchmarks because of its heavy oil content.Crude oil prices have tumbled about ...

 



 
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ICT 2014


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyOctober
Trade Balance $-2.309 bln
Exports $1.957 bln
Imports $4.266 bln
WeeklyDecember 18, 2014
Reserves $14.04 bln