While Brazil’s political operators are navigating a cabinet crisis, the economic team is trying to deal with special interest groups in Congress that could derail its flagship plan to cut pension outlays.
Brazil is prohibiting a specific type of tailings dam after two of those structures run by miner Vale SA burst in recent years, causing death and environmental devastation.
Hedge fund manager Crispin Odey, an advocate of Brexit, renewed his hotly debated wager against the British pound as U.K. lawmakers’ failure to agree on the divorce terms heightened concerns the country may crash out of the European Union without a deal.
China’s State Council unveiled a sweeping plan to link Hong Kong and Macau with cities in southern China to create a so-called Greater Bay Area, aiming to make it a high-tech megalopolis to rival California’s Silicon Valley.
Turkey cut the amount of cash lenders are required to hold in reserves for the first time in six months as the central bank tries to rouse credit growth without signaling a more drastic change in its tight policy stance.
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