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Prudential buying asset-management company stake (AP)
Insurance and investment company Prudential Financial Inc. said Wednesday that it will buy a 40 percent stake in Brazil's GAP Asset Management.
yahoo.com

The dollar peg conundrum: To drop or not to drop?
Many emerging economies are running record high inflation, but their central banks cannot deliver interest rate increases because of the dollar peg.
International Herald Tribune

Job growth in the Southwest is cooling, Dallas Fed says
Although economic growth in the Southwest region outpaced the nation in April and May, the regional economy continued to slow, reports the Federal Reserve Bank of Dallas.
BizJournals

Housing slowdown starts to bite economy
LONDON (Reuters) - Construction activity fell at its sharpest pace in at least 11 years in June, a survey showed on Wednesday, in one of the clearest signs yet of how falling house prices are hitting the wider economy.
reuters.com

Collection Agencies Are Thriving
The sluggish economy is forcing more people to default on their debts. Consequently, the debt collection business is booming. One Chicago judge is trying to reach settlements that are good for both sides.
NPR

What Exactly Is A Bear Market?
The bear's brief visit to wall street didn't last through the closing bell Tuesday, but the downturn left a mark on investor confidence. How does a bear market change the way we think about the overall economy?
NPR

Bean says economy facing most challenging time since 1990s
LONDON (Reuters) - The economy is facing its most challenging time since the early 1990s or even earlier as policymakers are grappling with two conflicting risks, Bank of England Deputy Governor Charl...
The UK News

Stocks drop after new record for oil prices
The rising price of oil has sent wall street falling sharply once again. Crude oil reached a new record above $144 a barrel, stirring fresh concerns in the stock market about inflation pressures on the economy. Beyond oil, General Motors Corp. fell after a...
San Francisco Chronicle

Coupon interest rises in tight economy
More people clipping and saving in tough times.
AZ Central

Prudential Financial and GAP Asset Management of Brazil Enter into a Strategic Partnership (Business Wire)
NEWARK, N.J.----Prudential Financial, Inc. and the founding partners of GAP Asset Management of Brazil announced today that they have entered into a strategic partnership. This partnership will allow GAP to grow its successful asset management business and develop products for markets with growth potential in Brazil.
yahoo.com

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Archived "business - economy brazil" news stories.

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