Brazil's economic boom is halted by global credit crunch as country still
depends heavily on its commodity exports.
RIO DE JANEIRO, BRAZIL (FILE) REUTERS -
Only months after investors believed Brazil was finally emerging as
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Wednesday, October 8
by
Mnet
on Wed 08 Oct 2008 09:34 PM BST
by
Mnet
on Wed 08 Oct 2008 09:20 PM BST
In its semi-annual forecast of the global economy, the International
Monetary Fund has assessed coordinated interest rate cuts among the major economic powers as a step in the right direction but added that more action ... more »
by
Mnet
on Wed 08 Oct 2008 01:28 PM BST
The Federal Reserve leads a global round of emergency interest rate
cuts in an effort to contain the worst financial crisis since the 1930s. The Fed said it was cutting its key federal funds rate ... more »
by
Mnet
on Wed 08 Oct 2008 11:11 AM BST
European shares tumble 5.5 per cent before the first hour of trade is up,
led lower by banks, as investors across the globe dump shares amid mounting fears that the credit crisis will drag the ... more » |
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