Wednesday, September 9, 2015
Daily Headlines: September 9, 2015 (Updated)
* Brazil: Financial analysts surveyed by Brazil’s central bank believe the country this year will face its worst economic performance since 1990 and predicted that the economy will keep shrinking in 2016.
Update: More bad news for the economy as Standard & Poor’s on Wednesday downgraded the Brazilian government’s sovereign debt rating to junk status.
* Ecuador: Canada’s Supreme Court ruled unanimously in favor of proceeding with an environmental damages lawsuit against Chevron though the tribunal did not “endorse the underlying Ecuadorian legal case.”
* Latin America: A new study found that digital use in Latin America grew between April 2014 and April 2015 including increases of 147% and 351% in activity for Facebook and Twitter, respectively.
* Cuba: Some 140 Cuban dissidents including twenty members of the Ladies in White were reportedly arrested yesterday while on their way to a Catholic mass.
YouTube Source – CNNMoney (“Brazil is struggling with high unemployment, rising inflation and a currency trading at 12-year lows.”)
Online Sources including Update – MercoPress, The Latin Americanist, Financial Post, Billboard, Latin American Herald Tribune, The Guardian