World Bulletin / News Desk
Brazilian President Dilma Rousseff said on Friday her government will unveil more measures to stimulate the economy in August and September, including investments in ports, airports, railroads and highways.
Speaking to journalists in London, where she is attending the opening of the Olympic games, Rousseff anticipated Brazil will grow at a faster rate in coming months, despite the impact of the global economiccrisis.
Brazil, which will host the World Cup in 2014 and the Olympic games in 2016, has been struggling to ramp up its infrastructure as its economy grinds to a near halt.
After strong growth of 7.5 percent in 2010, the economy grew by just 2.7 percent in 2011. This year, economists are forecasting growth of as low as 1.5 percent.
His comments came after a joint statement issued in Washington said Beijing had agreed to reduce its trade deficit, "significantly" increasing purchases of American goods.
Euro area goods trade surplus reaches over $60B, EU28 deficit at $7.5B, official figures show
Property sales in April down 9.9 pct year-on-year, according to official data; sales to foreigners surge 25.8 pct
European stock markets meanwhile rose as the euro weakened against the dollar, but Wall Street pulled back in early New York trading.
BIST 100 climbs 0.44 pct; foreign currency exchange rates rise against lira
Banks' total assets reach over $42 billion as of March
Industrial output jumps 9.8 percent in Q1 and 7.6 percent in March year-on-year, official figures show
BIST 100 slightly increases by 0.07 percent; US dollar/Turkish lira exchange rate stands at 4.4680
Emerging market monetary policy could tighten more than expected as global monetary conditions normalize, says ratings agency
Further policy action is needed to more decisively boost domestic investment, which would also support external rebalancing.
Gap stood at $4.8 billion in March with 12-month rolling deficit of $55.4 billion
Automotive exports rise to $11.3 billion in first 4 months of 2018
Finance Minister Naci Agbal says Turkish banks are careful to abide by rules of international institutions
BIST 100 rises 0.09 percent; US dollar/Turkish lira exchange rate stands at 4.2450