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August, 27, 2016

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Business > Europe
Messy Brazil, foreign fortune-seekers' haven
Brazil is a mess, economists say, with the looming presidential impeachment vote fanning tensions in a country stricken by recession, corruption and inequality. So why are foreign businesses so excited?
 
Switzerland may have voted against the controversial idea of paying all its citizens a guaranteed income, but Finland indicated Thursday it plans to try out a monthly basic payment of 560 euros (US$600).
 
There was little sign of Brexit uncertainty in a monthly survey of German consumers on Friday, with the public's mood almost unchanged in August compared with July.
 
Britain's economic growth picked up speed in the second quarter, official data confirmed Friday, but economists expressed concern about the longer-term impact of Brexit.
 
European stocks slid Thursday in choppy trade as investors eyed poor German data and recent oil price falls, on the eve of a speech by Federal Reserve boss Janet Yellen.
 
German business confidence made a steeper fall in August than expected, slipping to its lowest level since December 2014, the Ifo economic institute said on Thursday.
 
Officials have revised Spain's quarterly economic growth figure for the April-June period upward, from 0.7 percent to 0.8 percent, welcome news for a country in its eighth month without a fully functioning government.
 
The European Commission and Portugal said Wednesday they have agreed on a 5-billion-euro deal to recapitalize the state-owned Caixa Geral de Depositos bank, including through a 2.7-billion-euro injection of state
 
European stock markets mostly rose on Wednesday, shrugging off a largely downbeat session in Asia, with sentiment partly lifted by German economic growth data.
 
European stock markets rebounded on Tuesday, with some support coming from slightly improving eurozone data.
 
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