Brazilian economy becomes the sixth largest

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Source: BBC

Brazil has outperformed the UK as it has become the sixth largest economy in the world, according to an economic research group. Brazilian economy expanded by 7.5% in 2010 and is expected to growth by 3.5% this year as the negative headlines from the Euro Zone impacted Brazilian economy.

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Tue, 27 Dec 2011 12:04:36 GMT

Switzerland's UBS consumption indicator falls in November

Swiss UBS consumption indicator decreased in November, falling for the first time in the last three months. The indicator eased down by 0.09 points to 0.81 last month from 0.90 in October. Analysts claim the indicator was affected by lower prices and increased number of purchases made abroad. After the data release, the Swiss Franc appreciated against the USD with the pair USD/CHF edging down

Tue, 27 Dec 2011 12:03:04 GMT

Cuba continues free-market reforms

Cuba plans to expand its free-market reforms by opening retail sector to private companies to a larger extent. Starting from January 1 next year various workers like repairmen and photographers will be permitted to be self-employed. The shift is aimed at stimulating socialist economy of the country by boosting private sector.

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