Brazil economists predict 'worst GDP result in 25 years'
Economy set to shrink by 0.58% in 2015, its worst result since 1990, according to the latest central bank survey. Brazil's economy will shrink by 0.58 percent in 2015, according to a central bank...
View ArticleBrazil's real hits 10-year low against dollar
Fears of a political crisis and ratings downgrade in Brazil weaken currency to levels not seen since 2004. Brazil's real weakened to a 10-year low against a strong U.S. dollar on Wednesday, weighed...
View ArticleUS: Consumer sentiment falls in March
Index of consumer sentiment drops to 91.2 from 95.4 in February The harsh winter in many parts of the U.S. soured consumer sentiment, the Thomson Reuters University of Michigan Consumer Sentiment...
View ArticleNew EU homes to be built to zero-carbon standards
Bloc commissioner says 75 percent of European Union's housing stock is inefficient in terms of energy use The European Union's Energy Commissioner has announced that new homes in the 28-nation-bloc...
View ArticleBrazil annual inflation edges closer to 8 percent in March
At 7.9 percent in the 12 months to mid-March, annual inflation is at its fastest rate since May 2005. Annual inflation in Brazil grew to 7.9 percent in the 12 months to mid-March, slowing less than...
View ArticleObama seeks foreign investment as US economy grows
"America is proudly open for business," the American president said. President Barack Obama appealed to more than 2,600 investors and business executives Monday to take advantage of opportunities in...
View ArticleUS consumer sentiment sours in March
Michigan sentiment index drops to 93 from 95.4 in February, although less than analysts had expected. U.S. consumer sentiment fell in March as lower- and middle-income households lost confidence...
View ArticleBrazil economy forecast to shrink 1 percent in 2015
For the first time, Brazil's economists predict GDP will contract by 1 percent this year, after the economy was confirmed to have expanded 0.1 percent in 2014. Brazil's economy is now predicted to...
View ArticleArgentina unions threaten more strikes against high taxes
A 24-hour strike planned Tuesday but labor union promise more walkouts to come. Labor unions will carry out more strikes after a 24-hour walkout Tuesday, if the government doesn’t heed their demand...
View ArticleWashington power outage signals wider infrastructure woes
‘The inter-relatedness of the system is one of the things that is clearly a tie-in for today,’ says one expert The major power outage that struck Tuesday in the nation’s capital, however briefly,...
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