Brazil’s swap rates climbed from a six-week low as the fastest inflation since July revived speculation that the central bank will keep raising benchmark borrowing costs even as the presidential election approaches.
Planned tax changes in Angola, Africa’s second-largest oil producer, are hindered by inaccurate budget targets and perceptions the measures will hurt the economy, the Christian Michelsen Institute said.
The return of rain to corn-growing areas of Brazil, the world’s second-largest exporter, is threating to cut output after dryness earlier this year delayed planting of the country’s second annual crop.
A Brazilian athlete paralyzed from the neck down while training for last month’s Sochi Olympics is getting English lessons through the organizers of the 2016 Rio Olympics to help her communicate with U.S. doctors taking care of her.
Portugal should seek a precautionary credit line from the European Union to help ensure successful access to debt markets after its bailout program ends in May, former Finance Minister Fernando Teixeira dos Santos said.