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Brazil currency leads LatAm losses on political woes

Sao Paulo / Reuters Brazil’s currency led losses in Latin American markets on concerns that a political crisis threatening President Dilma Rousseff may drag on longer than expected, while the central bank moved to weaken the real for a third straight day. Latin American currencies weakened as traders reconsidered their bets on U.S. monetary policy after Federal Reserve policymakers encouraged ...

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Brazil’s best-in-the-world stock rally masks tattered economy

Bloomberg After a disastrous 2015, Brazilian stocks and bonds are posting the biggest gains among global peers this year. Speculation that President Dilma Rousseff could soon be ousted, ending a political stalemate that has paralyzed the country, is fueling the rally. Yet, whoever steps into Rousseff’s shoes would face daunting challenges, from closing a crippling budget deficit to pulling Latin ...

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UAE restaurant industry poised for growth

Ritika Sharma / Emirates Business Casual-dining Indian restaurants are reaping good dividends in the Emirates, thanks to a huge number of Indian expats and die-hard fans of authentic Indian cuisine across the country. Despite revenue slumps in various sectors due to oil fluctuations, the industry is flourishing rapidly in the country and is expected to grow. Around 19,000 extra restaurant ...

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