World Bulletin / News Desk
Brazil confirmed its slow exit from the country's worst recession on record Friday with the economy nudging up 0.2 percent, the second straight quarter to show growth, the official statistics office said.
Brazil plunged into negative growth with 3.8 percent shrinkage in 2015 and 3.6 percent last year, reversing what had been touted as one of the world's most promising markets. Analysts blame the sharp drop in commodities prices, endemic corruption and the country's inefficient economy.
The IBGE statistics office said that growth in the second quarter was driven by services, which account for a third of economic output. The sector rose 0.6 percent, compared to zero movement in the first quarter.
However, industry shrank half a percentage point, compared to 0.9 percent growth in the first quarter. Agriculture, which underpinned first quarter growth thanks to bumper harvests, was flat in the second quarter.
Company to release new commercial and defense products, head of company says
EA19's exports and imports rise 9.1 percent and 6.3 percent, respectively, year-on-year in January
Micro Focus warned in a statement that year-on-year revenues had fallen by more than anticipated since January, sending its shares slumping 55.88 percent to 831.40 pence.
Economy minister: Ankara 'absolutely' against Russia's limit on number of companies importing Turkish tomatoes
Turkey's assets abroad climb 2.1 pct at end of January 2018, compared with end-2017, according to Turkish Central Bank
BIST 100 opens 0.04 pct lower, Turkish lira loses value against foreign currencies
Listed shares in BIST 100 rise 0.01 percent; US dollar/Turkish lira rate climbs over 3.90; EUR/TRY stands at 4.80
Turkey bridges Muslim world and West, according to General Council for Islamic Banks and Financial Institutions
Britain intends to seek free trade deals with its major trading partners once it leaves the EU, as planned, in March 2019.
Net profits at the group rose 33.1 percent to hit 2.36 billion euros ($2.92 billion), higher than the 2.28 billion predicted by analysts.
About 45 minutes into trading, the Dow Jones Industrial Average was at 24,867.00, up 0.4 percent.
Low-cost carrier to offer direct flights to Dalaman from Dublin and Bratislava starting June
"Preliminary national accounts results for 2017 show an increase of 7.8 percent in GDP... compared with 2016," Jennifer Banim, an assistant director general at the Central Statistics Office (CSO), said in a statement.
Unemployment rate falls 2.3 percentage points year-on-year in December to 10.4 pct
"It is time to forget about ideological trench warfare," Francois Villeroy de Galhau told a Frankfurt conference.