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The Bolivian government responded on Monday to Moody's Investors Service's negative outlook for the nation, declining it and highlighting Bolivia's financial stability and growth.According to Zenón Mamani, the Vice Minister of Budget and Fiscal Accounting, Moody's outlook stops working to consider numerous positive macroeconomic elements contributing to the c
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Read more: Bolivia emphasizes financial stability amidst unfavorable outlook from Moody's
Write comment (90 Comments)As the largest economy in Latin America, the Brazilian government announced on Monday its commitment to leading efforts to promote local currencies and reduce reliance on the US dollar in trade amongst Mercosur countries.The effort will be undertaken throughout Brazil's six-month presidency of Mercosur, which begins on Tuesday. Mercosur
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Read more: [Brazil] - Brazil to lead efforts to de-dollarize trade amongst Mercosur countries
Write comment (91 Comments)Brazil's President Luiz Inácio Lula da Silva signed a law on Monday to guarantee equivalent pay for men and women carrying out the exact same functions in the labor market.The law signifies increased state oversight in the labor sphere.President Lula emphasized the government's dedication to implementing the law through labor district attorneys and the Ministries of Labor and
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Read more: [Brazil] - Brazil enacts law to promote gender pay equality
Write comment (94 Comments)Several opposition parties in South Africa have announced the formation of a union targeted at challenging the judgment African National Congress (ANC) in the upcoming basic elections.The coalition, including 7 political formations, intends to end the ANC's longstanding bulk rule.Led by the Democratic Alliance (DA), the primary opposition
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Read more: South Africa's opposition forms coalition to attempt to beat ANC
Write comment (94 Comments)The Economy Ministers of Mercosur countries gathered to discuss the possibility of using regional currencies for trade within the bloc throughout the LXII Ordinary Meeting of the Common Market Council.The conference took place in Puerto Iguazú, Argentina, where the Argentine Minister of Economy, Sergio Massa, highlighted the significance of consolidating
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Read more: Mercosur considers use of local currencies for intra-bloc trade
Write comment (95 Comments)China is strengthening its nuclear cooperation with Pakistan to establish itself as a major international nuclear power market player.Despite previous challenges in Pakistan's power sector, China intends to develop a track record in nuclear reactor building and construction to get in more profitable markets in the future.The recently signed US$ 4.8 billion deal involves
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