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Asian markets bounce after tough week as US inflation looms
Asian markets bounce after tough week as US inflation looms
by  AFP

Asian markets rose Friday after falling for much of the week, with below-forecast US data injecting some fresh life into hopes the Federal Reserve will cut interest rates this year. "Assuming the PCE comes in OK, the data suggests the Fed doesn't need to hike and may cut later in the year," Capital.com's Kyle Rodda said.

Flood-hit Brazil businesses count losses, look to future
Flood-hit Brazil businesses count losses, look to future
by  AFP

The thriving economy of southern Brazil has been brought to its knees by historic floods, with vast agricultural land unusable and factories paralyzed. According to a local industry federation, nine out of 10 factories in the state have been affected by the flooding.

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