Reuters California will increase the amount of money new parents can receive through the state’s paid family leave program under a bill to be signed on Monday by Democratic Governor Jerry Brown. The measure, passed last month by the state legislature, would increase the amount paid to new parents or people caring for a sick family member to as much …

Bloomberg Puerto Rico Governor Alejandro Garcia Padilla signed an executive order declaring an emergency period for its Government Development Bank to help keep it operating, while declining to halt or suspend its debt obligations. The Development Bank, which lends to the U.S. commonwealth and its municipalities and is running out of cash, faces a $422 million principal and interest payment …

BRASILIA / Reuters Brazil’s inflation rate slowed sharply in March to below 10 percent a year, the lowest in nine months, although it still remained well above the government’s target despite a severe recession and one of the world’s highest interest rates. Consumer prices as measured by the benchmark IPCA index rose 9.39 percent in the 12 months through March, …