03/12/2015 World Business Report

It's alleged that she broke the law in the management

Ms Rousseff said she was outraged by the decision.

Those are the latest headlines from BBC World News.

Now for the latest financial news with

When a trillion euros just isn't enough.

The European Central Bank prepares to expand its vast

stimulus programme as the region's economy continues to struggle.

Plus, bookworms south of the border - global publishers

size up huge growth opportunities in Latin America.

In a moment: OPEC hopes to stop the downward spiral in the price of oil.

How long have I got, Andy? Nine minutes 20. Give me that and I will

give you a fascinating snapshot of the world of business.

We start in Frankfurt, where the European Central Bank

It's poised to beef up its already massive stimulus

programme, as Europe's economy continues to struggle.

That will have some major implications not just

for the 330 million people who use the Euro currency, but for

businesses around the world - not to mention global financial markets.

At the beginning of this year the ECB began pumping

1.1 trillion euros into the economy by printing money to buy up bonds -

That translates to 60 billion euros every month until next September.

Today it could up that spending - by about 15 billion euros

a month is what most analysts think - some say less, some much more.

It could also extend the programme into 2017.

It could also cut interest rates further.

For example, the ECB's deposit rate is already negative, at -0.2%.

They are effectively charging banks to put

their money there to encourage them to lend it out instead.

Making it more expensive for banks to hang on to their money.

The size of any of these moves could have a big affect on the Euro, which

has been pushed down sharply by all the extra money being printed.

Remember, the US Federal Reserve is about to

start raising rates, probably in a couple of weeks time, strengthening

Well, Fed Chief Janet Yellen reinforced those expectations

The economy has come a long way towards the objectives of maximum

employment and price stability. When the committee begins to normalise

the stands of policy, doing so will be a testament also to how far the

economy has come in recovering from the effects of the financial crisis

and the great recession. And, in that sense, it is today that I

expect we are all looking forward to -- it is the day.

Sarah Hewin is head of research for Europe at Standard Chartered.

Thank you for getting up at this horrible time. Janet Yellen is kind

of waving the American flag. The other Euro flag is kind of dangling

down on the ground. This is a tale of different economies and different

currencies at the moment. It certainly is. It is a tale of two

business cycles. The euro area was just until recently in recession.

The US economy has been growing since 2009. I think central bank is

in the US worry inflation is a problem. The ECB in the euro are

worried about deflation. Isn't this exactly what some, in particular,

the Germans, wanted in Europe - for the euro to keep coming down,

meaning all of the European companies that export stuff, it

makes them more competitive? It does. It has been a big help to the

region. In the last few months we have seen the weakening euro, closer

to parity against the dollar, helping exporters in the region. It

is probably part of Mario Draghi's plan. Talking of the President, what

do you think? There are a couple of tools in his box? There have been

discussions about 20 or more different options. We don't expect

to see a whole raft of options introduced today. Most people expect

there will be an increase in QE. 10-e15,000,000,000 per month. There

will be a cut to the deposit rate. -- 10 billion euros to 15 billion

euros. There is a lot of scope for action. I saw a note suggesting some

central banks around the world are getting rid of euros altogether.

Central banks hold different currencies. That doesn't bode well,

what does it suggest? I think that you are seeing central banks

adjusting their balance sheet and their reserves. Of course, they will

be taking note of what is happening to the currency value and they are

thinking about increasing their Chinese currency. It is part of a

rebalancing, rather than anything sinister. OK. Trust you to have an

optimistic view. Thank you. To Asia now, where oil prices are

stabilizing Traders are looking ahead to

tomorrow's meeting Hello, mate. The question is, can

OPEC to anything? They've got a fracking battle in the United

States! That is right. OPEC members have been at loggerheads since June,

2014, what to do with supply? Should they cut or increase?! With so much

indecision, we have seen oil prices falling below $40 per barrel in

trade but it is picking up in Asian trade, just above the $40 of all.

Overall, investors are concerned the OPEC group is divided head of a

meeting over whether to slash prices. Saudi Arabia is set to

propose a deal to balance oil markets, including demands on Iran

and Iraq to limit production growth, it as well as involvement of non-

OPEC producers like Russia. -- as well as. The deal will be

challenging to agree on by the parties who have diverging views on

which producer should cut or limit production, so we will have to wait

and see how it plays out. We will, indeed. Meanwhile, the consumer will

keep lapping up the lower prices. Absolutely. Good stuff, my friend.

See you soon. Rico, from Singapore! To Mexico now where this week,

publishers, editors and writers are attending Latin America's biggest

book fair in Guadalajara. You

expected, but in a region where You would never have thought we

would publisher's diaries. In Latin

America all of the editors, publishers want to come here because

this isn't the window where people from all around the world, we have

people from Asia, from Europe, from all over the world, coming every

year to the book fair to make business, to see what is the

production in Spanish. It is a huge exhibit of books. It is 400,000

titles. With a population of close to 600 million people, Latin America

has huge potential. Editors, publishers, literary agents and

authors see it as a fan not to miss. When it comes to making people to

sit down with a good book it still a huge challenge -- fair.

Recent figures show Gelai is still huge challenge -- fair. Recent

figures show Chileans average 5.4 books per year -- Chileans. Mexico

come second, 5.3. That is including tax for work or

Compare that with America, a dozen per

of access to education. It is changing and you can see it from the

numbers. Democratisation brought definitely. There is a focus on

children's books at the fair this year. Getting young people hooked on

literature seems the best way for this region to turn the page on poor

reading habits and encourage the industry to flourish.

How do you read 5.4 books? Tweet me. Follow me. I will be back shortly to

look at the newspapers. In the last year, hoverboards have

gone from being something from Back