International Business News - Bra http://www.ibtimes.com All articles are copyrighted by IBTimes.com 400 100 http://www.ibtimes.com/ http://www.ibtimes.com/images/top_logo_ibt2_3.gif The world's largest iron ore producer has cut 2.1 percent of its work force because of slumping global demand for the raw ingredient used to make steel. http://www.ibtimes.com/articles/20081203/brazils-vale-cutting-2-1-percent-of-workforce.htm Wed, 03 Dec 2008 11:22:59 EST Japanese auto parts maker Yazaki Corp. plans to invest $4.3 million to open a production plant in Uruguay next year despite the credit-crippling international financial crisis. http://www.ibtimes.com/articles/20081203/japan-auto-parts-company-to-open-plant-in-uruguay.htm Wed, 03 Dec 2008 11:20:30 EST Latin American stocks opened lower Wednesday in line with European markets, then rebounded after Wall Street investors calmly absorbed the latest evidence of a still-weakening economy. http://www.ibtimes.com/articles/20081203/latam-stocks-lower-on-bleak-world-economic-outlook.htm Wed, 03 Dec 2008 12:40:03 EST Brazil's defense minister says his nation is selling 100 aircraft-borne missiles to Pakistan. Brazilian officials approved the euro85 million ($107 million) sale of the missiles, which can be installed on jets and used to take out radar installations. http://www.ibtimes.com/articles/20081203/brazil-selling-100-missiles-to-pakistan.htm Wed, 03 Dec 2008 08:35:26 EST Telecom Italia SpA will cut an additional 4,000 jobs by 2011 as it concentrates on core growth markets in Italy and Brazil to confront the deteriorating economic situation, CEO Franco Bernabe said Wednesday. http://www.ibtimes.com/articles/20081203/telecom-italia-to-cut-4-000-more-jobs.htm Wed, 03 Dec 2008 05:30:26 EST Brazil is committed to quickly repairing key ports damaged in massive floods in order to recoup millions of dollars in daily losses to the economy, a government official said Tuesday. http://www.ibtimes.com/articles/20081202/brazil-aims-to-repair-ports-destroyed-by-floods.htm Tue, 02 Dec 2008 16:19:43 EST A judge has convicted a prominent Brazilian financier of corruption and sentenced him to 10 years in prison. The judge has found Daniel Dantas guilty of offering police a $1 million bribe to halt a money laundering investigation against him and other employees of the Opportunity financial group. http://www.ibtimes.com/articles/20081202/brazilian-financier-convicted-of-corruption.htm Tue, 02 Dec 2008 14:11:13 EST A look at economic developments and stock-market activity around the world Tuesday: ___ http://www.ibtimes.com/articles/20081202/a-look-at-economic-developments-around-the-world.htm Tue, 02 Dec 2008 17:27:08 EST Environmentalists criticized the United States and other rich countries Tuesday for failing so far to make meaningful commitments at a U.N. conference on climate change. http://www.ibtimes.com/articles/20081202/activists-no-progress-yet-at-climate-talks.htm Tue, 02 Dec 2008 11:09:32 EST Latin American stocks closed mostly higher Tuesday as bargain hunters helped drive a slight rally following steep losses the day before on concern the U.S. recession will be longer than expected. http://www.ibtimes.com/articles/20081202/brazil-stocks-up-early.htm Tue, 02 Dec 2008 18:03:55 EST Brazilian industrial production fell in October as the global financial meltdown sent shock waves through Latin America's largest economy, the government said Tuesday. http://www.ibtimes.com/articles/20081202/brazil-industrial-production-falls-in-october.htm Tue, 02 Dec 2008 14:05:21 EST Jurors weighing evidence in a public inquest into the shooting death of a Brazilian man mistaken for a terrorist cannot find that he was unlawfully killed, a judge said Tuesday. http://www.ibtimes.com/articles/20081202/judge-no-unlawful-killing-in-death-of-brazilian.htm Tue, 02 Dec 2008 10:40:47 EST Once global warming's bad boy, China is now winning praise for its upbeat role in climate talks, a turnaround perhaps brought on by the effects of carbon emissions on its choking cities, shrinking water resources and increasingly flooded lowlands. http://www.ibtimes.com/data/articleimgs/187233-smog.jpg http://www.ibtimes.com/articles/20081202/ex-bad-boy-china-praised-at-climate-talks.htm http://www.ibtimes.com/articles/20081202/ex-bad-boy-china-praised-at-climate-talks.htm Tue, 02 Dec 2008 07:24:37 EST A rebound on Wall Street provided a lift Tuesday to most world stock markets outside of Asia, where shares slumped overnight. The Dow Jones industrial average finished up 3.3 percent at 8,419.09 as investors bought back into equities after the savage retreat on Monday, when the blue-chip index closed down almost 700 points, or 7.7 percent, wiping out more than half of last week's gains. http://www.ibtimes.com/data/articleimgs/187534-world-stock.jpg http://www.ibtimes.com/articles/20081202/asian-markets-tumble-after-wall-street-plunge.htm http://www.ibtimes.com/articles/20081202/asian-markets-tumble-after-wall-street-plunge.htm Tue, 02 Dec 2008 17:41:36 EST Brazil plans to boost spending and programs to significantly slow destruction of the Amazon rain forest by 2017, aiming to reduce global warming by slashing the amount of carbon dioxide emitted when trees are burned. http://www.ibtimes.com/articles/20081201/brazil-describes-new-plan-to-slow-deforestation.htm Mon, 01 Dec 2008 20:14:04 EST In the past decade, India has gone from a place that relatively few Americans visited to one of the top international destinations for U.S. residents--ahead of other locales like Brazil, Switzerland and Greece. http://www.ibtimes.com/data/articleimgs/186874-india-tourism.jpg http://www.ibtimes.com/articles/20081201/some-travelers-canceling-plans-to-visit-india.htm http://www.ibtimes.com/articles/20081201/some-travelers-canceling-plans-to-visit-india.htm Mon, 01 Dec 2008 16:56:14 EST A "severe recession" worldwide will result in "harsh business conditions" for U.S. consumer products companies in 2009, says a report by Fitch Ratings. http://www.ibtimes.com/articles/20081201/fitch-consumer-products-sector-faces-harsh-2009.htm Mon, 01 Dec 2008 16:54:25 EST Brazil's president asked God to halt the devastating rains that have killed at least 116 people in a southern state and offered new plans on Monday to help tens of thousands of people rebuild ruined homes and businesses. http://www.ibtimes.com/articles/20081201/brazil-leader-asks-god-to-halt-rains-proposes-aid.htm Mon, 01 Dec 2008 17:45:50 EST A look at economic developments and stock-market activity around the world Monday: ___ http://www.ibtimes.com/articles/20081201/a-look-at-economic-developments-around-the-world.htm Mon, 01 Dec 2008 18:57:48 EST Latin American stocks fell sharply on Monday, dragged down by confirmation in the United States that the world's biggest economy has been in a recession. http://www.ibtimes.com/articles/20081201/brazil-stocks-fall-after-a-week-of-gains.htm Mon, 01 Dec 2008 17:46:44 EST