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Brazil's Lula stimulus hits R$283.2 billion (US$55 billion) in 2026. UBS says 69% depends on credit. Critics see election spending; the ministry says it is growth policy. The post Lula’s Stimulus Plan Sparks Election Spending Fight appeared first on The Rio Times .
We haven't written up this one. The Rio Times has the full story — the link below goes straight to it.
Prio's second-quarter profit jumped 169% to US$413.3 million, helped by record production of 172,000 barrels of oil equivalent per day. Revenue rose 184% to about US$1.4 billion.
Oil prices rose on Monday, Aug. 10, amid continued uncertainty over reopening the Strait of Hormuz, after Iran said the United States would have to meet several conditions even as Tehran and Oman…
Your look at what's coming in the week starting Aug. 10
Mainland and Hong Kong stocks rose on Monday, led by consumer shares, though gains were limited by weakness in tech plays.
The developments are already stoking fears of diminishing Federal Reserve independence.