Ibovespa, the benchmark stock market index in Brazil, closed slightly lower (-0.02%) Friday at 79,349.12 points, even after S&P downgraded Brazil's credit rating from BB to BB-. The losses were limited by bets from some investors that the Brazilian Congress could pass the pension reform next month. more...
S&P Global Ratings downgraded the sovereign ratings of Brazil citing less timely and effective policymaking. more...
Singalila Park Himalayas Darjeeling India
Eurozone economic confidence strengthened further in December, reaching its highest level seen since late 2000. The economic confidence index rose more-than-expected to 116 from 114.6 in November, survey results from the European Commission showed Monday. This was the highest reading since October 2000 and above the forecast of 114.7. more...
New orders for U.S. manufactured goods jumped by more than expected in the month of November, according to a report released by the Commerce Department on Friday. The Commerce Department said factory orders surged up by 1.3 percent in November. more...
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