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July, 2, 2016

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Business > Americas
Americans who put their cars up as collateral for what are supposed to be short-term emergency loans are being hit with interest rates of 300 percent, a high rate of repossession and long repayment periods.
 
Brazil's interim government on Tuesday named economist Ilan Goldfajn as the new head of the central bank, a key post in the fight to coax the giant economy out of recession.
 
Olympics to give Brazil only slight economic boost: report
The Rio Olympics in August will give Brazil's battered economy only a limited shot in the arm, Moody's ratings agency said Monday, as bad news mounted for the city's Olympic transportation network
 
Companies propose deep-water wind farms off Hawaii shores
HONOLULU -- Massive wind turbines could end up floating in deep ocean waters off Hawaii's shores under proposals to bring more renewable energy to the islands.
 
U.S. consumer prices jumped in April by the largest amount in more than three years, reflecting a surge in the price of gasoline and other energy products. But outside of volatile food and energy, core inflation posted another modest gain.
 
Chinese nationals became the largest foreign buyers of U.S. homes last year as they pour billions of U.S. dollars into American real estate, seeking safe offshore assets, according to a new study Sunday.
 
China bullet train in Venezuela stalls as pact derails
It was once billed as a model of socialist fraternity: South America's first high-speed train, powered by Chinese technology, crisscrossing Venezuela to bring development to its backwater plains. Now all but abandoned, it has become a symbol of economic collapse -- and a strategic relationship gone adrift.
 
Americans stepped up their online shopping and bought more autos in April, suggesting that consumers may be faring better than indicated by a slump among major retailers.
 
Inflation in the capital's metropolitan area reached 6.5 percent in April, the biggest monthly price jump since Argentina's worst economic crisis 14 years ago, the Buenos Aires statistics agency reported Thursday.
 
In cities across America, the middle class is hollowing out.
 
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