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Regional bank to be set up

By Website Introductions at 05/28/08 14:33

Everybody seems to be following the European Union model and aiming for regionalization.

Just yesterday, Brazil announced that a regional South American bank will be set up. This is in line with the continent's plan to have a common currency and a union called the Union of South American Nations.

Through the union, it is hoped that regional unity will be achieved and the economies of the participating countries will be strengthened.

News: Brazil announces a regional central bank and common currency

Banks don't want to sell properties because of growth

When banks refuse to sell their properties in your country despite the fact that are desperately needing to raise capital, it only means that your country's economy is booming and so attractive that banks will regret ever selling their properties.

This is the current situation in Brazil now. Global banking firms refuse to sell their Brazilian assets despite the need to recover losses from subprime debts because of its speedy growth in recent years. Potentials in Brazil are great and these big boys will remain in the country in the foreseeable future.

News Latin America

Overcoming the Energy Crisis

Normally we do not pay much attention to the source of energy that makes our lives so comfortable even in routine matters such as powering the computer on which you are reading this post. But there are thinkers out there who are worried about the future of energy and hence lay stress on the development of renewable energy sources across the globe. Just take a look at the efforts they are making in conferences and debates

News: Summary report of the Global Renewable Energy Forum - 18-21 May 2008 - Foz do Iguaçu - Brazil