Economists cut their forecasts for economic growth in Brazil this year for the eighth straight week, to 2.05 percent from 2.18 percent, a central bank survey showed on Monday. The outlook for Brazil's benchmark IPCA inflation rate in 2012 eased to 4.93 from 4.95 percent a week earlier, according to the survey, which tracks weekly
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Moscow city authorities increased parking fines by tenfold on Sunday to try to unclog the Russian capital's roads and pavements, to the bemusement and anger of many residents. Anarchy has ruled for years in the city centre, with double-parking increasing traffic congestion and pedestrians hardly able to use some pavements because so many cars are
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Apple Inc has paid $60 million to Proview Technology (Shenzhen) to end a dispute over the iPad trademark in China that saw the world's most valuable technology company engaged in a protracted legal tussle with a near-bankrupt Chinese firm. The lawsuit had hampered some sales and delayed the launch of the new iPad in China.
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Mexico's old rulers claimed victory in a presidential election on Sunday, ending 12 years in opposition after a campaign dominated by a sputtering economy and rampant drug violence. After pledging to restore order and ramp up economic growth, Enrique Pena Nieto of the Institutional Revolutionary Party (PRI) had a clear lead over his rivals in
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The euro dipped and German bond prices rose on Monday as the euphoria over the latest measures to ease Europe's debt crisis ebbed and tepid manufacturing data from Asia raised concerns about the health of the global economy. Riskier assets including equities, commodities and the single currency gained sharply on Friday after euro zone leaders
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Majestic Spain took their place among the game's greats by thrashing Italy 4-0 to retain their European title on Sunday, the biggest victory margin in a World Cup or Euro final – and all without a recognised striker. Their success rewrote the tactical handbook and the record books after goals from David Silva, Jordi Alba
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At first glance, the big winners from Europe's latest euro-saving summit were the leaders of Italy, Spain and France. By banding together in a powerful coalition to challenge Germany, the high-stakes meeting seemed to show, Mario Monti, Mariano Rajoy and Francois Hollande were able to wring major crisis-fighting concessions from a suddenly soft Angela Merkel.
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Greece should focus on getting its reform programme back on track rather than losing time by trying to renegotiate its international bailout terms, European Central Bank policymaker Joerg Asmussen said in a speech at a conference on Monday. "The first priority for the new Greek government has to be getting the programme back on track,"
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Asian shares rose on Monday with sentiment brightening at the start of the third quarter after Europe leaders agreed to shore up the region's troubled banks, but the euro gave up some of its gains amid concerns that the debt crisis is still far from over. MSCI's broadest index of Asia-Pacific shares outside Japan added
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By George Hay The author is a Reuters Breakingviews columnist. The opinions expressed are his own. The European Central Bank rightly wants to loosen the grip of ratings agencies. That is why it’s considering the use of its own internal ratings system for the collateral that banks can swap in its liquidity operations. But like
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