Peru awarded a contract to build the capital’s first subway line to an international consortium led by Spanish builder ACS Actividades de Construccion y Servicios after two other groups pulled out of the bidding.
Peru should call off tomorrow’s auction for the rights to build Lima’s first subway line after two of the three bidders pulled out, according to the Peruvian Engineers Association.
Brazil’s consumer prices rose faster in February than economists expected, as the central bank continues to raise rates to stem above-target inflation.
Wedding photographer Vitor Duarte knows what it’s like to get a smile, and he says there’s not much to smile about in Portugal.
Portugal’s economy may grow faster this year than the government forecast in October, Economy Minister Antonio Pires de Lima said.
Brazil’s central bank halved the pace of key rate increases, signaling the end of its tightening cycle is near, as policy makers struggle to tame inflation without further jeopardizing growth.
A suspect in the illegal use of Philippine lawmakers’ discretionary funds turned state witness and agreed to testify against at least two senators accused of pocketing kickbacks.
Brazil’s swap rates fell after economists cut growth estimates, fueling wagers the central bank will limit further increases in borrowing costs.
Portugal may be tempted to follow Ireland in exiting its bailout without asking European partners for a precautionary program after a bond rally let the nation already start to raise funds for 2015.
Portugal’s gross domestic product expanded at a faster pace in the three months through December as it grew for a third quarter.
"There is always a possibility that some may have been killed by friendly fire."
- De Lima on Sep 09, 2010