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  • BRIC wall: Brazil's economy slips into a recession

    BRIC wall: Brazil's economy slips into a recession

    Friday, August 29 2014 8:19 PM EDT2014-08-30 00:19:39 GMT
    Brazil's government says the country's gross domestic product contracted 0.6 percent in the second quarter compared with the previous three months, sending the country's economy into a recession.
    Brazil's economy, once an emerging-market darling, fell into recession, according to government data released Friday, as millions of new middle class citizens tightened their belts and further dampened a credit-driven...
  • Stocks end higher following strong run in August

    Stocks end higher following strong run in August

    Friday, August 29 2014 6:01 PM EDT2014-08-29 22:01:02 GMT
    Tokyo stocks led declines in most Asian markets on Friday after Japanese economic data showed that the region's second biggest economy is struggling to recover from a sales tax hike.
    By ALEX VEIGA AP Business Writer The Standard & Poor's 500 index delivered its fourth record high in five days Friday, ending with the biggest monthly gain since February.
  • Economic sanctions spare Western-tied Russian fund

    Economic sanctions spare Western-tied Russian fund

    Friday, August 29 2014 5:34 PM EDT2014-08-29 21:34:52 GMT
    As President Barack Obama warns of stepped-up economic punishments against Russia for its military incursions inside Ukraine, U.S. sanctions have so far avoided one prominent financial institution: the $10 billion...
    Western business connections are complicating efforts to bring economic sanctions against executives and companies closely aligned with Russian President Vladimir Putin's inner circle. A prime example: the Russian...
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