US Manufacturers Mull Returning Chinese Ops Back to US: Boston Consulting Group

U.S. manufacturing firms that run Chinese plants are considering bringing those operations back because -- in many cases -- it makes more economic sense, according to a Boston Consulting Group survey of business executives released Friday.

European Union

European Economic Data Tops Expectations, Boosts Markets

European economic data released on Friday topped analyst expectations, giving a boost to the region's stock markets.

Labourers

India's economy Expected to Recover; More Repo Rate Cut Possible

Just on the heels of the Reserve Bank of India (RBI) cutting interest rates for the first time in three years by 50 basis points to boost economic growth, a poll conducted by Reuters expected India's economy to pick up this year.

As Traffic Snarls Brazil's Cities, Officials Plan For More Cars

Brazilian cities continue to require parking in new developments, to the chagrin of builders and environmentalists.

hong kong stock exchange

Haitong To Raise $1.68 Billion In World’s Biggest IPO In 2012: Report

Haitong Securities Co. (SHA: 600837), China's second-largest brokerage by assets, raised HK$13 billion ($1.7 billion) in the largest public offering in the world so far this year, media reports said Friday, citing people familiar with the matter.

File photo shows the headquarters of mortgage lender Freddie Mac in McLean

U.S. Mortgage Rates Rise Slightly: Freddie Mac

U.S. 30-year fixed-rate mortgages rose slightly to 3.90 percent in the week ending April 19, mortgage financier Freddie Mac said Thursday.

Home sales

U.S. Existing Home Sales Drop 2.6% In March

U.S. existing home sales fell 2.6 percent in March to an annual rate of 4.48 million, the National Association of Realtors said Thursday, missing expectations and highlighting continued weakness in the housing market.

A man stands near the headquarters of the central bank in Brasilia September 22, 2011.

Brazil Cuts Benchmark Rate To Near-Record Low 9%

Brazil’s central bank cut its benchmark interest rate to 9 percent from 9.75 percent on Wednesday, bringing the rate down to near-historic levels. This is the sixth time Banco Central do Brasil has reduced its Selic rate since August, when it cut the rate to 12 percent from 12.5 percent.

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