Washington / AFP The US trade deficit grew more than expected in June as imports jumped and the gap with China continued to widen, government data released showed. The country’s trade deficit with the rest of the world climbed 8.7 percent in June to a seasonally adjusted $44.5 billion. Analysts had only expected a 3.9 percent increase. The figures mark ...

Washington / Bloomberg Warren Buffett’s Berkshire Hathaway Inc. said second-quarter profit rose 25 percent as results improved at insurance units. Net income climbed to $5 billion from $4.01 billion a year earlier, the Omaha, Nebraska-based company said in a statement. Operating earnings, which exclude some investment results, were $2,803 a share, missing the average $2,911 estimate of three analysts surveyed ...

  La Paz / Bloomberg Ready or not, here comes Rio de Janeiro. The Olympic games opened on Friday with last-minute funding and an interim head of state, underscoring the economic and political turmoil gripping host country Brazil. Ceremony organizers had to make do with a budget that’s a fraction of the amount spent by 2012 Olympics host London. It ...